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 …
Read More »Bitcoin steadies near seven-month lows as traders eye U.S. jobs data and Fed signals
Bitcoin edged higher after a sharp selloff, with investors treading carefully ahead of a long-delaye…
Gold Rises in Asia as Fiscal Jitters and Fed Uncertainty Lift Safe-Haven Demand
Gold advanced in Asian trading, supported by safe-haven flows amid fresh worries about fiscal sustai…
Europe Opens Cautious as Nvidia Looms; UK CPI Eases, Oil Slips on U.S. Stock Build
European equities were little changed early Wednesday as traders held fire ahead of Nvidia’s quarter…
U.K. Inflation Cools Less Than Forecast, Keeping BoE December Cut in Play
U.K. inflation eased in October but by slightly less than expected, leaving the Bank of England on a…
Fed Minutes: A Pivotal December Decision Looms
On Wednesday, the Federal Reserve will publish the minutes of its most recent meeting – widely seen …
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…
Market Analysis
November, 2024
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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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27 November 2024 12:01 pm
Bitcoin Extends Losses as Profit-Taking, U.S. Policy Uncertainty Weigh on Sentiment
Bitcoin declined for a third consecutive session on Wednesday, as profit-taking from recent record highs continued. Concerns over U.S. trade and monetary policy added to the cautious market mood, pushing the cryptocurrency further away from the coveted $100,000 milestone. The world’s largest cryptocurrency fell 1.6% to $93,131.5 by 01:16 ET …
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27 November 2024 11:16 am
Gold Prices Inch Higher Amid Trump Tariff Threats and Mixed Safe-Haven Signals
Gold prices edged up slightly in Asian trade on Wednesday, continuing modest gains from the previous session as safe-haven demand remained supported by concerns over potential U.S. trade tariffs. However, the metal’s ascent was tempered by a resilient U.S. dollar and easing tensions in the Middle East, which dampened some …
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27 November 2024 1:01 am
Tariffs on Canadian imports could drive up US fuel prices
US oil producers have warned that Donald Trump’s plan to impose tariffs on Canadian imports will drive up US fuel prices, as the US president-elect’s threats hit global markets. Trump proposed late on Monday a 25% tariff on all imports from Mexico and Canada, accusing the US’s closest neighbours of …
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27 November 2024 12:11 am
Market Drivers; US Session
Dollar Strengthens as Trump Proposes Tariffs The US Dollar rallied on Tuesday, recovering from a bearish start to the week. A modest uptick in US Treasury yields and the announcement of potential tariffs on imports from key trading partners contributed to the Dollar’s strength.Key Economic Events US: The US Personal …
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26 November 2024 11:50 pm
Investors Await FOMC Minutes, Core PCE
The Dollar Index (DXY) briefly traded above 108 on Friday, driven primarily by euro weakness rather than dollar strength. As we head into a short week due to the US Thanksgiving holiday, market participants are focused on key data releases, including the Federal Reserve’s November FOMC minutes and the core …
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26 November 2024 10:23 pm
Dollar Dithers: Greenback Trapped in a Tug-of-War
The US Dollar found itself caught in a tug-of-war on Tuesday, fluctuating between gains and losses. Initially, the Greenback strengthened as President-elect Trump’s threat of imposing tariffs on key trading partners fueled uncertainty and boosted demand for the safe-haven currency. However, this bullish momentum was tempered by the release of …
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26 November 2024 9:29 pm
US Stock Market Eyes Fresh Record as Wall Street Shrugs Off Trump’s Tariff Threat
US stocks mostly shrugged off President-elect Donald Trump’s threat to impose fresh tariffs on China, Canada, and Mexico on Tuesday, showing resilience despite the potential trade tensions.Market PerformanceThe S&P 500 edged up roughly 0.4%, eyeing a record close, while the tech-heavy Nasdaq Composite jumped about 0.5%. The Dow Jones Industrial …
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26 November 2024 8:35 pm
Gold Stabilizes After Ceasefire Hopes, Trump’s Tariff Threats
Gold prices fluctuated on Tuesday, initially declining on news of a potential ceasefire deal between Israel and Hezbollah. However, the precious metal recovered some losses as U.S. President-elect announced plans to impose tariffs on Mexico and Canada.Ceasefire Hopes Weigh on Gold:A potential 60-day ceasefire deal between Israel and Hezbollah could …
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