The Federal Reserve cut interest rate by 25 basis points, as widely expected to continue its monetary policy easing cycle. Fed decided, Thursday to lower the policy rate after Donald Trump won the US presidential election.Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar …
Read More »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…
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…
Market Analysis
November, 2024
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7 November 2024 10:02 pm
Adviser: Trump Will Let Powell Complete His Term As Fed Chair
According to a senior adviser to Trump who asked to remain anonymous in order to discuss private discussions, President-elect Donald Trump is expected to let Federal Reserve Chair Jerome Powell complete the remaining portion of his term, which ends in May 2026. Jerome Powell, the current chair of the Federal …
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7 November 2024 9:41 pm
Dow Jones Pauses for Breath Ahead of Fed Decision
The Dow Jones Industrial Average traded in a narrow range on Thursday, holding near its record high. Investors are adopting a cautious stance as they await the Federal Reserve’s interest rate decision later in the day.The market’s anticipation of a 25 basis point rate cut from Fed Chair Jerome Powell …
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7 November 2024 7:51 pm
Despite Trump’s Win, Federal Expected To Cut Rates By 25 Basis Points
The American central bank is expected to maintain its monetary easing cycle. The Federal Reserve is expected to cut its benchmark policy rate by 25 basis points (bps) at the end of its policy meeting on Thursday, a decision that may seem a footnote given the uncertain economic terrain the …
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7 November 2024 4:05 pm
U.S. Futures Edge Higher as Focus Shifts to Fed After Trump’s Election Victory
U.S. stock index futures traded higher Thursday morning, continuing the positive momentum generated by Donald Trump’s presidential election win in 2024. The market is now turning its attention to the Federal Reserve’s policy decision later in the day. Futures Overview At 06:20 ET (11:20 GMT), futures showed modest gains across …
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7 November 2024 1:56 pm
European Stocks Rise on Rebound in Tech and Resource Sectors; Rate Decisions Awaited
European markets advanced on Thursday, driven by gains in technology and resource stocks as investors turned their attention to upcoming monetary policy announcements from the Federal Reserve and the Bank of England (BoE). Key Market Highlights The pan-European STOXX 600 index climbed 0.5%, led by the basic resources sector, which …
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7 November 2024 12:42 pm
Dollar Retreats After Post-Election Surge, Markets Eye Central Bank Moves
The U.S. dollar pulled back slightly on Thursday, easing from a four-month high reached after Donald Trump’s victory in the 2024 presidential election. Market participants are now focused on upcoming monetary policy announcements from the Federal Reserve and other central banks. Fed Rate Cut Anticipated The Federal Reserve is expected …
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7 November 2024 11:16 am
Gold Prices Dip Amid Dollar Rally Post-Trump Election Win; Industrial Metals Show Mixed Trends
Gold prices slipped slightly in Asian trade on Thursday, extending the losses from the previous session, triggered by a sharp rally in the dollar and risk assets following Donald Trump’s victory in the 2024 U.S. presidential election. Despite this recent decline, gold has managed to hold on to significant gains …
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7 November 2024 10:30 am
Asian Markets Remain Cautious Post-Trump Election Rally Amid China Stimulus Hopes and Fed Watch
Asian stocks saw limited movement on Thursday, with early gains following Donald Trump’s election victory in the U.S. beginning to taper off. The initial rally sparked by optimism on Wall Street is being overshadowed by concerns over trade and stimulus policies. Investors are now focused on additional economic measures from …
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7 November 2024 2:05 am
Market Drivers; US Session
The US Dollar Index (DXY) rose to four-month tops north of the 105.00 hurdle on the back of Trump’s win and higher US yields. The Fed’s interest rate decision will be at the centre of the debate, seconded by weekly Initial Jobless Claims and Wholesale Inventories.The US dollar has touched …
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7 November 2024 1:00 am
US dollar hits multi-month highs following Trump’s win
The election of Trump increases the likelihood of policy-induced inflation, which forces the Fed to maintain its restrictive stance for a longer period of time. A 25 basis point cut is anticipated when the FOMC meets on Thursday.The US economy is still expanding at or above the trend. Following former …
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7 November 2024 12:29 am
Are Trump tariffs posing a bigger threat to China’s economy in his second term?
Donald Trump’s threat to impose 60% tariffs on US imports of Chinese goods poses significant growth risks for the world’s second-largest economy. The property market crisis, weak domestic demand, and deflationary pressures have contributed to China’s economic downturn. In 2018, the property market was strong, driving about a quarter of …
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6 November 2024 11:39 pm
XAU/USD Has Suffered Since Trump’s Victory Announced
Gold price is under considerable downward pressure due to the strong rise in the US dollar since the announcement of Donald Trump, the former US President and Republican candidate, winning the 2024 US presidential election. Financial markets continue to celebrate the victory of former US President and Republican candidate Donald …
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