Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …
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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4 November 2024 4:03 pm
U.S. Stock Futures Rise Slightly as Election Week Begins
U.S. stock index futures ticked higher Monday morning as markets brace for a high-stakes week that includes the closely contested U.S. presidential election and a Federal Reserve policy meeting. At 06:10 ET, Dow Jones Futures were up by 60 points (0.1%), S&P 500 Futures rose by 12 points (0.2%), and …
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4 November 2024 2:02 pm
Germany’s Manufacturing Sector Shows Signs of Stabilization Amid Continued Contraction
The decline in Germany’s manufacturing sector moderated in October, with the HCOB Germany Manufacturing PMI edging up to 43.0 from September’s 40.6, marking a three-month high. However, this index, compiled by S&P Global, remains well below the neutral 50-point level, signaling ongoing contraction. Key Points from October PMI Data Output …
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4 November 2024 12:24 pm
European Stocks Hold Steady as Key Events Unfold Globally
European markets traded in a narrow range on Monday, reflecting investor caution at the start of a significant week that includes the U.S. presidential election, Federal Reserve and Bank of England interest rate decisions, and further corporate earnings reports. Market Overview Germany’s DAX: Down by 0.1%. France’s CAC 40: Fell …
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4 November 2024 11:09 am
Oil Prices Surge as OPEC+ Delays Output Hike Amid Demand Concerns
Oil prices saw a sharp rise in Asian markets on Monday following OPEC+’s decision to delay its planned production increase for December by at least one month. This move comes as the cartel aims to counter downward pressure on oil prices due to weaker demand, particularly from China. Market Reactions: …
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4 November 2024 10:26 am
Asian Markets Rise as China’s NPC Meeting Fuels Fiscal Stimulus Hopes
Most Asian stocks saw gains on Monday as investors awaited potential fiscal support announcements from China’s top policymakers. However, the rise was cautious, with investors also bracing for the U.S. Federal Reserve meeting and the upcoming U.S. presidential election. Key Developments: Low Trading Volumes: Market activity was subdued due to …
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4 November 2024 12:03 am
Weekly Recap: Q3 Earnings, Labour Data In Play Ahead of US Election Uncertainty
US Election Looms LargeThe upcoming US presidential election has cast a shadow of uncertainty over the global markets. As the two candidates remain neck-and-neck, investors brace for potential market volatility, especially in the immediate aftermath of the election. The USD/JPY pair has been particularly volatile, with the yen strengthening following …
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2 November 2024 2:19 am
China’s Dwindling Economic Momentum: A Deep Perspective
China’s economic growth has been slowing, prompting policymakers to consider a significant stimulus package. While a proposed 10 trillion yuan ($1.4 trillion) fiscal stimulus could provide a temporary boost, concerns persist about its long-term efficacy and its ability to address the underlying structural issues.The Limits of Stimulus The Chinese government’s …
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2 November 2024 1:26 am
What implications could US presidential elections have for Fed policy?
The election has significant implications for Fed policy in 2025, with a Trump victory potentially ensuring a lower tax environment that boosts sentiment and spending in the near-term. However, promised tariffs, immigration controls, and higher borrowing costs will become headwinds through his presidential term. Conversely, a Harris victory implies continuity, …
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1 November 2024 11:58 pm
DXY: Uncertain Path Amid Economic Crosscurrents
The US Dollar, once an unfaltering symbol of global financial stability, has recently exhibited a volatile performance. While it initially surged on the back of aggressive interest rate hikes by the Federal Reserve, it has since retreated as market expectations for future tightening have moderated. The confluence of economic factors, …
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1 November 2024 10:01 pm
Wall Street Rallies Following Surprise NFP Report
Wall Street roared to life on Friday, propelled by a surprisingly weak October jobs report. The US economy added a mere 12,000 jobs, a stark contrast to the robust growth seen in previous months. This unexpected slowdown ignited hopes that the Federal Reserve might temper its aggressive rate hike trajectory. …
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1 November 2024 9:48 pm
How Are Gold Prices Facing A Stormy Economic Agenda?
A Tale of Two Reports: NFP and ISM The recent release of the Non-Farm Payroll (NFP) and Institute for Supply Management (ISM) Manufacturing PMI reports has sent mixed signals about the state of the US economy. While the NFP report painted a picture of a slowing labor market, the ISM …
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1 November 2024 9:14 pm
Fed’s Tightening Grip: A Deeper Look at the Shrinking RRP
The Federal Reserve’s ongoing efforts to tighten monetary policy have led to a significant decline in the amount of money parked at its overnight reverse repurchase agreement (RRP) facility. This development has sparked renewed debate about the potential for a liquidity crunch in the US financial system.As of Friday, the …
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