Oil prices ticked higher on Tuesday, reflecting cautious optimism among traders ahead of a key OPEC+ meeting, but the market remains weighed down by concerns over weak demand and a lack of bullish catalysts. Market Performance Brent crude futures gained 0.4%, trading at $72.14 per barrel as of 0704 GMT. …
Read More »Bitcoin Sinks Below $90K Amid Fed Uncertainty; Cloudflare Outage Adds to Market Strain
Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 th…
Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check
U.S. equities fell Tuesday, deepening November’s pullback as investors trimmed exposure to mega-cap …
U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated
U.S. new orders for manufactured goods rose in August, snapping the prior month’s decline, though a …
Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite
Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handl…
European shares slump as AI valuation jitters deepen; Nvidia in focus, oil eases as Russian exports resume
European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the…
Gold slips as dollar firms; markets eye delayed U.S. payrolls
Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expec…
U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Market Analysis
December, 2024
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3 December 2024 12:18 pm
China’s Semiconductor Industry Resilient Amid U.S. Export Controls
Chinese chip companies, facing new export restrictions from the U.S., have pledged to intensify localization efforts and leverage stockpiled equipment to sustain operations. These measures, part of the U.S.’s third wave of crackdowns in three years, aim to curtail China’s semiconductor capabilities but have yielded mixed immediate results. The Latest …
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3 December 2024 11:18 am
Bitcoin as a U.S. Reserve: Unlikely Under Trump’s Dollar-Centric Approach
Incoming U.S. President Donald Trump is expected to remain firm in his commitment to preserving the dollar as the global reserve currency, leaving little room for alternative assets like Bitcoin, according to a recent analysis by TD Cowen. Trump’s Dollar-First Policy Trump’s recent statements emphasize his focus on ensuring the …
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3 December 2024 10:52 am
Gold Inches Higher Amid Fed Rate Speculation and Dollar Strength
Gold prices edged slightly higher in Asian trading on Tuesday but remained subdued, retaining losses from earlier in the week as anticipation of U.S. Federal Reserve signals and robust dollar strength kept the metal under pressure. Spot gold rose 0.1% to $2,640.77 per ounce. Gold futures for February delivery increased …
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3 December 2024 3:16 am
GBP/USD Loses Momentum, Dips Below 1.2700
The GBP/USD currency pair experienced a significant downturn on Monday, snapping a three-day winning streak and falling below the crucial 1.2700 level. This decline was primarily driven by a combination of factors, including a lackluster economic calendar for the UK and a stronger US Dollar.US Economic Data Drives Dollar HigherThe …
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3 December 2024 2:22 am
Market Drivers; US Session
Dollar Soars on JOLTs Anticipation, Geopolitical TensionsEuro slumps amid French political turmoilPound, Aussie, and Yen under pressureOil prices steady, Gold and Silver retreatOption 3: More Detailed and AnalyticalThe US Dollar Index (DXY) gained momentum on Tuesday, surpassing the 106.70 level. This surge was fueled by a combination of factors, including …
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3 December 2024 1:44 am
Bitcoin Price Softens, Yet BTC Derivatives Remain Robust
Is Bitcoin Taking a Breather? While November saw a strong 38% gain for Bitcoin, the price has struggled to break past the $98,000 mark since late November. This consolidation phase has some investors worried, fearing a potential bearish turn if the price stays below the psychological barrier of $100,000 for …
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2 December 2024 10:26 pm
Wall Street Recovers Following Upbeat Data
US stock markets on Wall Street are seeing significant gains since the start of the new trading week, boosted by improved economic performance in the United States reflected in recent data.The S&P 500 Index rose to 6048 points after adding approximately 15 points or 0.7%. Additionally, the tech-heavy Nasdaq reached …
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2 December 2024 10:15 pm
Fed Official: US Inflation Path Remains Intact Despite Recent Rise
A senior Federal Reserve official expressed optimism on Monday about the US economy’s trajectory, asserting that the nation remains on course to achieve its long-term inflation target of 2%, despite a recent uptick in price pressures.The Federal Reserve has embarked on a concerted effort to tame inflation, which surged to …
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2 December 2024 9:10 pm
US Dollar Surges Amid French Political Turmoil, Trump Tariff Threats
The US Dollar gained nearly 1% on Monday, driven by political developments in France and tariff threats from President-elect Donald Trump. Trump’s weekend tweet warning BRICS nations of 100% tariffs if they continue their de-dollarization efforts sparked a strong bid for the US Dollar in Asian markets.In Paris, Prime Minister …
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2 December 2024 8:06 pm
Fed’s Waller: Displeased with inflation uptick, but leaning toward December rate cut
Federal Reserve Board of Governors member Christopher Waller noted on Monday that while he is less than enthusiastic about a recent upswing in headline inflation figures, Governor Waller reiterated that he sees no reason to shift stance measurably as a result.The Fed Governor took a potshot at markets that have …
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2 December 2024 7:13 pm
XAU/USD Slides Following Trump’s Threats to BRICS to Defend USD
Gold prices fell on Monday after President-elect Donald Trump threatened the BRICS nations with 100% tariffs if they attempt to replace the US dollar with their own currency. This warning boosted the US Dollar, which typically weighs on Gold prices since the metal is primarily priced and traded in USD. …
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2 December 2024 3:39 pm
Europe Contracts While China’s Recovery Gains Momentum
Manufacturing activity displayed stark regional contrasts in November, with European output plunging further into contraction while China saw its manufacturing sector extend its recovery, driven by government stimulus and export demand. Europe’s Manufacturing Struggles Deepen The HCOB euro zone Manufacturing PMI dropped to 45.2, signaling persistent contraction in the sector. …
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