Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …
Read More »Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Gold Prices Dip After Record Surge, Market Eyes Tariffs & Economic Risks
Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors ba…
Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of t…
Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
Market Analysis
March, 2024
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11 March 2024 4:49 pm
U.S. Stock Futures Slightly Down as Investors Await Inflation Data
Focus on Key Economic Indicators Shapes Market Sentiment U.S. stock index futures edged lower on Monday as market participants eagerly awaited crucial inflation data scheduled for release this week, which could offer insights into the Federal Reserve’s monetary policy trajectory following the mixed jobs report from last week. Mixed Economic …
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11 March 2024 3:59 pm
Forex Overview: Yen Gains Momentum Amidst Prospects of Rising Interest Rates in Japan
Bitcoin Hits New Record High, Dollar Remains Under Pressure The yen continued its ascent on Monday, buoyed by an upward revision in Japan’s growth figures, which fueled speculation that interest rates could see an increase this month. Meanwhile, bitcoin soared to a new record high above $71,600, adding to the …
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11 March 2024 3:03 pm
Bitcoin Hits Record High as Regulatory Landscape Shifts
Demand Surges as Regulatory Approvals Pave the Way Bitcoin, the leading cryptocurrency, achieved an unprecedented milestone on Monday, surpassing the $71,000 mark amidst a continued surge in demand for digital assets. Regulatory developments, including the recent announcement from Britain’s Financial Conduct Authority (FCA), have further propelled the cryptocurrency market forward. …
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11 March 2024 1:37 pm
Forex Overview: USD Weakens Ahead of Inflation Data Amidst Fed Rate-Cut Speculation
Early European Trading Reflects Dollar’s Slip In the early hours of European trade on Monday, the U.S. dollar continued its descent, hovering near two-month lows as market participants awaited crucial U.S. inflation data for insights into the timing of potential interest rate cuts by the Federal Reserve. Dollar Index Declines …
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11 March 2024 12:29 pm
European Stocks Extend Losses Amid Global Market Weakness
Continued Decline Mirrors Asian and Wall Street Trends European stock markets sustained losses on Monday, echoing the downward trajectory witnessed in Asian markets overnight and fueled by Friday’s downturn on Wall Street. The impending release of pivotal U.S. inflation data added to the prevailing apprehension among investors. European Indices Under …
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11 March 2024 11:41 am
Gold Prices Hold Firm Below Record Highs Amid Inflation Anticipation
Gold Maintains Strength Ahead of U.S. Inflation Data Gold prices exhibited resilience just below record highs in Asian trading on Monday, as market attention shifted towards eagerly awaited U.S. inflation figures. Investors awaited further indications on the timing of potential interest rate cuts by the Federal Reserve, which could significantly …
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11 March 2024 11:12 am
Asian Stocks Slide Amidst U.S. Jitters
Most Asian stocks dipped on Monday, mirroring the downturn in Wall Street, where apprehension loomed ahead of crucial U.S. inflation data. The prevailing sentiment was notably bleak in Japanese shares, which witnessed a sharp decline amid mounting speculation that the Bank of Japan (BOJ) is poised to increase interest rates. …
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11 March 2024 10:47 am
Oil prices fell on concerns about slowing demand in China
Oil prices on Monday extended last week’s losses on concerns about slowing demand in China, but continued geopolitical risks surrounding the Middle East and Russia limited the decline. By 01:29 GMT, Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 per barrel, while US West Texas Intermediate crude …
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11 March 2024 5:29 am
Financial Markets’ Weekly Recap: Gold gets brighter at historical levels as markets await key data
Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …
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9 March 2024 12:27 am
Post-NFP Sentiment Pushes EUR/USD To Fresh High Before retreating
Following the US NFP print, EUR/USD pair surged, although the markets were confused by conflicting data. Although the US NFP revealed an increase in jobs, sharp revisions have reduced risk appetite. On Friday, the EUR/USD pair got some breathing room and surged to a new weekly high close to 1.0980. …
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8 March 2024 11:56 pm
US Stocks Retreat Following NFP Print
US stocks retreated on Friday, closing out a choppy week as Nvidia’s incredible rally took a breather. The S&P 500 lost 0.65% to 5,123.69, while the Nasdaq Composite slipped 1.16% to 16,085.11. All three major indexes finished the week lower, with the broad S&P 500 pulling back by 0.26%, the …
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8 March 2024 10:42 pm
US bond yields decline following wage growth slowdown
Benchmark US Treasury bond yields declined at the end of Friday’s trading session following the employment data that painted a bleak picture of the labour market in the United States last February.Ten-year US Treasury bond yields fell to 4.080%, compared to the last daily close, which at 4.085%. The index …
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