The USD/CAD pair has gained positive momentum for the fourth consecutive trading day, reaching a nearly two-week high around the 1.3545 region during the Asian session. This positive move is primarily driven by a modest increase in US Dollar (USD) demand, but bullish crude oil prices may limit further gains …
Read More »Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
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 …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
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…
Market Analysis
February, 2024
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28 February 2024 1:10 am
How can China overcome its recent economic problem?
The bankruptcy of Evergrande, the largest private real estate group in China, was one of the reasons that drew the world’s attention to what is happening to the world’s second largest economy. But the plight of small and medium-sized companies in China has not received the attention it deserves at …
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28 February 2024 12:16 am
US bond yields continue to rise as stocks lose momentum
US Treasury bond yields have continued to rise since the beginning of daily trading on Tuesday, driven by anticipation of many batches of economic data, statements by Fed officials, and earnings reports, as this week’s economic agenda is busy with many influences on price movement.Despite its tendency to rise, the …
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27 February 2024 11:27 pm
EUR/USD stuck as markets focus shifts to key US data
Earlier in the day, the EUR/USD pair was stuck in the middle at 1.0850. Tuesday’s US Durable Goods Orders fall in January was more than expected, and there was little to move the pair in either way. On Wednesday, investors will be watching for the most recent US Gross Domestic …
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27 February 2024 10:10 pm
Oil extends rebound following Chinese demand surge
WTI crude oil has gained +1.46%, and is trading at $78.52 per barrel at the time of writing. Brent crude has gained +1%, and is trading at 82.44 per barrel.Crude Oil has extended its recovery this week, with WTI crude oil reaching a new high on Tuesday. This comes as …
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27 February 2024 8:57 pm
USD/JPY Slides Following Dismal US Durable Goods Data
The USD/JPY pair has slid after US Durable Goods orders declined more than expected in January. Japan’s National CPI inflation fell less than expected, with the headline annualized CPI slipping to 2.2% from 2.6% for the year ended January. However, markets were expecting a print of 1.8%. US MoM Durable …
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27 February 2024 7:43 pm
Bitcoin soars past $57200 on the back of institutional adoption
Bitcoin has reached a new yearly high far above $56,000, marking its first high since December 2021. At the time of writing, the most important crypto asset is trading at $57200, up 4.91%. Professional investors at finance firms have piled into Bitcoin derivatives, with open interest for Bitcoin futures contracts …
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27 February 2024 4:02 pm
US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data
Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …
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27 February 2024 3:15 pm
European Stocks Edge Higher Amid Awaited Inflation Data; Basic Resources Lead Gains
European Markets Display Modest Gains Amidst Anticipation for Key Economic Indicators European stocks experienced slight upward movement on Tuesday, buoyed by gains in basic resources stocks and improved earnings expectations. Market participants, alongside central bankers, remain attentive to forthcoming inflation data, which holds the potential to influence interest rate trajectories. …
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27 February 2024 1:08 pm
Nikkei Flat as Advantest Profit-Taking Offsets Early Gains
Introduction: Nikkei Average Sees Minimal Movement Amidst Profit-Taking Japan’s Nikkei average ended Tuesday’s trading session nearly unchanged, relinquishing most of its early gains as investors opted to book profits, particularly in chip heavyweight Advantest. Despite reaching unprecedented levels earlier in the session, the index closed with marginal movement, reflecting a …
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27 February 2024 11:43 am
Gold Prices Rise Amidst Dollar Decline Ahead of US Inflation Report
Gold Prices Climb as Dollar Weakens Ahead of Key Economic Data Gold prices surged on Tuesday, propelled by a decline in the dollar, as investors awaited a significant inflation report from the United States. The week ahead is marked by a flurry of data releases and statements from Federal Reserve …
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27 February 2024 2:50 am
Market Drivers – US Session, February 26
A further depreciation of the US dollar enabled riskier financial assets to continue rising in the green, amidst persistent bets of a June interest rate cut by the Fed and before of important inflation data for the US (PCE) and the Eurozone’s CPI data. When measured by the USD Index …
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27 February 2024 2:39 am
WTI rises on Red Sea shipping threats
The US benchmark WTI oil prices rose over 1.25% on Monday, around $77.37 per barrel due to the ongoing Red Sea shipping threat and European diesel demand. The slump in US diesel exports to Europe was attributed to lower refinery output and tighter supplies in the US, with Europe’s US …
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