The Dow Jones Industrial Average (DJIA) commenced the week on a cautious note, hovering near the 43,000 mark. Investor sentiment remains subdued as market participants eagerly await two key events: Nvidia’s highly anticipated earnings report and the release of crucial economic indicators. Nvidia Takes Center StageChipmaker Nvidia is poised to …
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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21 November 2024 12:05 am
Dow Jones Treads Water Ahead of Key Events: Nvidia Earnings, Economic Data
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20 November 2024 11:53 pm
Why Does Bitcoin Outshine Ethereum?
Bitcoin (BTC) has continued its impressive run, reaching new all-time highs and leaving Ethereum (ETH) trailing behind. This trend, which has persisted for the past two years, has sparked discussions about the underlying factors driving this price disparity.Institutional Investment and Market SentimentOne of the primary reasons for Bitcoin’s outperformance is …
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20 November 2024 11:15 pm
US Dollar Strengthens on Hawkish Fed Stance
The US Dollar Index (DXY) has surged to near 106.70, driven by a combination of factors, primarily the Federal Reserve’s hawkish monetary policy stance and rising US Treasury yields.Fed’s Hawkish ToneFederal Reserve officials have adopted a cautious approach to potential rate cuts, citing persistent inflationary pressures and robust economic data. …
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20 November 2024 9:25 pm
BoE’s Ramsden Still Optimistic on Rate Cuts
Bank of England Deputy Governor Dave Ramsden expressed confidence in the UK’s inflation trajectory, suggesting that a recent uptick in October’s CPI data is a temporary blip. He believes that inflation will continue to decline, allowing the central bank to maintain its easing monetary policy.Key points from Ramsden’s remarks:Inflation Outlook: …
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20 November 2024 8:46 pm
Fed’s Cook: Could see a pause on rate moves if inflation progress slows
Federal Reserve Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.Key QuotesIf the labour market and …
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20 November 2024 7:31 pm
GBP/USD Retreats After UK CPI
The GBP/USD pair experienced a sharp decline following the release of hotter-than-expected UK inflation data. This unexpected surge in inflation has heightened expectations of a less accommodative monetary policy stance from the Bank of England.Unless the pair can reclaim the 1.2700 level, the bearish trend is likely to persist. A …
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20 November 2024 7:03 pm
Is Eurozone’s Debt Crisis Looming?
The specter of a Eurozone sovereign debt crisis is once again haunting the continent. A confluence of factors, including elevated debt levels, sluggish growth, and fiscal slippage, has created a perfect storm that threatens to undermine the bloc’s economic stability. The European Central Bank (ECB) has sounded the alarm, highlighting …
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20 November 2024 4:39 pm
U.S. Futures Edge Higher Amid Earnings Optimism, Nvidia in Spotlight
U.S. stock index futures rose slightly on Wednesday, buoyed by optimism over retail earnings and anticipation for Nvidia’s quarterly results, even as geopolitical tensions in Eastern Europe introduced caution. At 05:45 ET (10:45 GMT), the Dow Jones Futures rose 70 points (+0.2%), the S&P 500 Futures gained 5 points (+0.1%), …
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20 November 2024 4:37 pm
European Stocks Rebound as Technology Sector Leads Gains Amid Ukraine-Russia Developments
European markets regained footing on Wednesday, breaking a three-day losing streak, as technology stocks surged and safe-haven demand eased amidst renewed focus on geopolitical and economic developments. The pan-European STOXX 600 rose 0.5% as of 09:20 GMT, recovering from a three-month low touched on Tuesday. Major indices in Germany, France, …
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20 November 2024 12:41 pm
Oil Prices Stabilize Amid Ukraine Conflict and Mixed Market Signals
Oil prices held steady for a second consecutive day on Wednesday as geopolitical tensions from the Ukraine war balanced against signs of stronger crude imports from China and a rise in U.S. crude stockpiles. Brent crude futures for January delivery edged up by $0.11 to trade at $73.42 per barrel …
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20 November 2024 11:37 am
UK Inflation Surges Past BoE Target, Raising Questions Over Future Rate Policy
Inflation in the United Kingdom unexpectedly surged in October, pushing consumer price growth back above the Bank of England’s (BoE) 2% target. The increase in underlying inflation pressures suggests that the central bank may need to tread carefully when considering interest rate cuts. Consumer prices rose by an annual 2.3% …
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20 November 2024 11:03 am
Gold Extends Gains Amid Rising Geopolitical Tensions, But Dollar Strength Limits Upside
Gold prices climbed higher on Wednesday, bolstered by increasing safe haven demand as geopolitical tensions between Russia and Ukraine escalated. However, gains in the precious metal were somewhat restrained due to the persistent strength of the U.S. dollar. Spot gold edged up by 0.2% to $2,636.28 an ounce, while December …
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20 November 2024 1:31 am
Market Drivers; US Session
The US Dollar traded sideways on Wednesday, November 20th, as geopolitical tensions between Russia and Ukraine continued to dominate market sentiment. Investors sought safety in the US Dollar, driving demand for the currency. However, a decline in US Treasury yields tempered the greenback’s strength.Key economic events to watch this week …
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