Natural Gas Futures Slip Amid Technical Weakness and Storage Concerns Natural gas futures declined on Wednesday as traders braced for the US Energy Information Administration’s (EIA) weekly storage report. While some market participants attributed the sell-off to changing weather patterns, technical weakness appears to be the primary driver.Technical AnalysisPrices struggled …
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
November, 2024
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28 November 2024 3:38 am
Market Drivers; US Session: A Turbulent Week Across Global Markets
The global financial landscape experienced significant shifts this week, primarily driven by the weakening US Dollar and fluctuating commodity prices. The US Dollar Index (DXY) plummeted to multi-day lows, breaking below the crucial 106.00 support level. This decline was primarily attributed to a combination of factors, including a decrease in …
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28 November 2024 2:46 am
XAU/USD Trades Higher Following GDP Data, But Weekly Loss Still Likely
The US economy continues to exhibit remarkable resilience, with the latest GDP figures confirming a robust growth trajectory. The Bureau of Economic Analysis reported a 2.8% expansion in the third quarter, a figure that aligns with the previous quarter’s growth rate. This sustained economic momentum, driven by consumer spending, is …
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28 November 2024 1:06 am
Stock Market Rally Paused Amid Further Uncertainity
The recent market downturn, particularly evident in the tech-heavy Nasdaq, has sparked widespread concern among investors. This decline can be attributed to a confluence of factors, including persistent inflationary pressures, the Federal Reserve’s aggressive monetary policy, geopolitical tensions, and shifting investor sentiment.Inflationary Headwinds and Fed’s Tightening GripDespite the Federal Reserve’s …
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27 November 2024 11:53 pm
Is Us Economy Encountering A Stalled Recovery?
The US economy showed signs of resilience in early Q4, with consumer spending maintaining its upward trajectory. However, the persistent inflation above the Federal Reserve’s target rate casts a shadow over the economic outlook.Consumer Spending: A Bright SpotConsumer spending, the engine of the US economy, increased modestly in October, indicating …
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27 November 2024 9:39 pm
FOMC Minutes Reflect Fed’s Cautious Stance:
The Federal Reserve’s latest policy meeting minutes reveal a cautious approach to further interest rate cuts, reflecting a delicate balancing act between stimulating economic growth and taming inflation. Divided Fed While the Fed acknowledges that inflation is easing and the labour market remains strong, there is a growing divergence of …
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27 November 2024 8:40 pm
Stubborn Inflation Ghost: PCE Data Haunts the Fed
The specter of persistent inflation continues to loom over the US economy, as evidenced by the latest Personal Consumption Expenditure (PCE) Price Index report. The core PCE, the Federal Reserve’s preferred inflation gauge, edged up to 2.8% year-over-year in October, defying expectations and raising concerns about the central bank’s ability …
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27 November 2024 7:36 pm
US Dollar Pauses Following PCE Ahead Of Thanksgiving
The US Dollar embarked on a brief respite ahead of the Thanksgiving holiday, with its recent rally pausing after the release of key economic data. While the Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation gauge, came in line with expectations, it did little to alter market sentiment.A …
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27 November 2024 7:05 pm
U.S. Economy Maintains Strong Growth in Q3 Amid Robust Consumer Spending
The U.S. economy grew at a steady annualized rate of 2.8% in the third quarter, according to the Commerce Department’s second estimate released on Wednesday. The figure remains unchanged from the initial estimate, reflecting solid consumer spending and a favorable contribution from business investment. Key Highlights GDP Growth: The third-quarter …
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27 November 2024 5:56 pm
U.S. Unemployment Claims Decline, But Long-Term Joblessness Persists
The number of Americans filing for unemployment benefits continued to decline last week, signaling a rebound in labor market conditions. However, persistent long-term joblessness among laid-off workers underscores ongoing challenges in the job market, which could influence the Federal Reserve’s interest rate decisions in December. Key Data Highlights Initial Unemployment …
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27 November 2024 2:54 pm
German Consumer Sentiment Declines Sharply Amid Economic Uncertainty
German consumer sentiment is set to decline significantly in December, breaking a streak of improvements as households face growing concerns about job security and economic prospects, according to a survey released on Wednesday. Key Survey Results The GfK Consumer Sentiment Index, published by the Nuremberg Institute for Market Decisions (NIM), …
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27 November 2024 2:49 pm
French Stocks Decline Amid Budget Concerns and Tariff Fears
French equities fell to a three-month low on Wednesday, driven by domestic political uncertainty and lingering fears over U.S. trade tariffs under President-elect Donald Trump. Broader European markets also faced pressure as investors navigated an unsettled landscape. Key Indices and Market Movement France’s CAC 40 index dropped over 1%, trailing …
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27 November 2024 12:58 pm
Asian Markets Decline Amid Tariff Worries, Currencies Remain Volatile
Asian equities dropped on Wednesday as heightened concerns over potential U.S. trade tariffs under President-elect Donald Trump unsettled investors. Volatility extended to currency markets, with major trading partners like Canada, Mexico, and China feeling the brunt of tariff threats. Asian Equities Fall Amid Tariff Anxiety The broad MSCI Asia-Pacific index …
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