Because of its continued appeal as a safe haven to central banks and investors, gold continues to find support in the face of geopolitical risk aversion. Tuesday sees a stabilization of the gold price in the $2,350s, trading at $2,352.14, up +0.69% at the time of writing, as demand for …
Read More »USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Bulgaria and Ukraine: Eurozone Ambitions and Economic Alignment
Bulgaria’s path to euro adoption, scheduled for January 2026, and Ukraine’s pursuit of EU integratio…
Will the ECB Cut Rates Again? More About Opportunities, Challenges for the Eurozone
The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2%…
China and EU Push For Fresh Trade Talks In July
China and the European Union have scheduled urgent trade negotiations to address escalating economic…
Market Analysis
May, 2024
-
14 May 2024 7:54 pm
EUR/USD rises as Powell emphasizes higher for longer rate policy
Despite resolute US PPI data that heightens doubts about September Fed rate cuts, the EUR/USD pair rises just above 1.0800. April’s US annual PPI beat forecasts and monthly data exceeded expectations. With service inflation moderating to 3.7%, the Eurozone Price Index is expected to reach 2% again soon. In the …
Read More » -
14 May 2024 6:59 pm
Powell: PPI reading was quite mixed
Federal Reserve Chairman Jerome Powell speaks at a moderated discussion with De Nederlandsche Bank (DNB) President Klaas Knot at the Foreign Bankers’ Association’s Annual General Meeting in Amsterdam. US Dollar stays under modest bearish pressure following these comments. At the time of press, the US Dollar Index was down 0.2% …
Read More » -
14 May 2024 4:43 pm
US PPI: April Records Yearly Increase
The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core …
Read More » -
14 May 2024 2:41 pm
Market Insights: Currency Moves Await U.S. Inflation Data
Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …
Read More » -
14 May 2024 12:00 pm
European Stock Markets Retreat Amid Corporate Earnings and Awaited US Inflation Reports
European stock markets saw a modest retreat on Tuesday as investors absorbed corporate earnings updates and awaited the release of the latest US inflation reports. At 03:15 ET (07:15 GMT), Germany’s DAX index traded 0.1% lower, and France’s CAC 40 slipped 0.1%, while the UK’s FTSE 100 gained 0.1%. Despite …
Read More » -
14 May 2024 10:49 am
Gold Prices Rebound Slightly in Asian Trading Amid Focus on US Inflation Data
Gold prices inched up in Asian trading on Tuesday, recovering from recent losses as market attention remained fixed on the impending release of US inflation data, which could provide further insights into the trajectory of interest rates. Despite showing some strength last week, gold remained below its record levels reached …
Read More » -
14 May 2024 9:38 am
Asia’s Stock Markets Tread Water Ahead of U.S. Inflation Figures
Asian markets treaded cautiously on Tuesday, with most stocks maintaining a narrow range as investors awaited key U.S. inflation data, while Chinese markets faced pressure as another major property developer defaulted on bond payments. Reflecting a lack of decisive movements on Wall Street, regional markets exhibited subdued activity as traders …
Read More » -
14 May 2024 3:33 am
Q1 Financial Insights: A Global Market Overview
In defiance of prevailing concerns over escalating interest rates and anticipated delays in their mitigation until mid-year, US stocks have orchestrated a resolute ascent since the dawn of 2024. Amidst a landscape where inflation remains static, yet optimism for its eventual ebb extends, the stock market has burgeoned, boasting a …
Read More » -
14 May 2024 1:24 am
Market Drivers; US Session, May 13
Amid growing cautious ahead of the US CPI, gold prices reversed two straight sessions of gains and fell back to the $2,330 zone. Meanwhile, the price of an ounce of silver increased just above $28.00. Despite slight losses, the USD Index (DXY) was able to maintain its position above the …
Read More » -
14 May 2024 1:14 am
Oil prices surge on optimistic demand expectations
Oil prices surge on Monday due to improving demand in the US and China, the top two oil consumers. WTI crude futures rose 1.1% to settle at $79.12 a barrel, while Brent crude futures gained 0.7% to settle at $83.36 a barrel. Prices were supported by expectations of strong U.S. …
Read More » -
14 May 2024 12:02 am
Does Bitcoin show signs of bouncing back?
The cryptocurrency market is consolidating, and Bitcoin appears to be on the rise. With the price dropping and now trading at $63,085, there may be a change in the market structure that favours bulls. The trend line that links the all-time high of $73,949 and ensuing lesser highs should be …
Read More » -
13 May 2024 10:39 pm
Yen eases amid uncertainty ahead of key US data
The Japanese Yen has fallen further due to investors’ uncertainty about the Bank of Japan’s (BoJ) policy normalization process. Japan’s economy is estimated to have contracted by 0.4% in the January-March period, exhibiting a weak start to the year. The US Dollar will dance to the tunes of US consumer …
Read More »