The central bank of Japan unlikely to make a move on Tuesday, when it is anticipated to see no changes to the Bank of Japan’s key monetary policy settings, with the major focus being on how Governor Kazuo Ueda evaluates the progress made in achieving the sustainable inflation required to …
Read More »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…
Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of t…
Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Market Analysis
January, 2024
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23 January 2024 1:26 am
Bank of Japan expected to hold rates amid need for hints on inflation status
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23 January 2024 12:22 am
Treasury yields decline following upbeat data
US Treasury bond yields decline on Monday from record highs this year after positive batches of US data revived hope that a “soft landing” could be achieved by the Federal Reserve.The Consumer Confidence Index issued by the University of Michigan rose this January to 78.8 points, compared to the previous …
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22 January 2024 11:34 pm
European stocks extend recent gains amid recent FOMO wave
In general, European indices surged to begin the new business week. In a nod to last week’s bidding fervor, risk appetite is driving stocks higher. Investors suffering from FOMO are prioritizing stocks above data threats.Monday saw gains in all of the European equity indexes as traders piled into the market …
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22 January 2024 10:22 pm
US dollar experiences mild losses ahead of PCE data
The Dollar Index, or DXY, is trading at roughly 103.20 and is slightly down. This week’s important US inflation and economic activity reports are due. The market’s predictions about the Fed’s rate cuts keep changing. At 103.25, the dollar is presently trading slightly lower. This small decline is due to …
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22 January 2024 8:35 pm
Canadian dollar has thin trading ahead of BoC decision
The Canadian dollar is experiencing limited momentum as markets flatten out in a quiet North American trading session. The Bank of Canada’s rate decision on Wednesday is expected to have a limited impact on the Canadian dollar. The latest New Housing Price Index figures from Canada are due in the …
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22 January 2024 4:42 pm
Gold is heading for its worst performance in six weeks
Gold prices are experiencing a global decline in current trading moments on Monday. Traders are eagerly awaiting the release of the Federal Reserve’s preferred inflation measure later this week, a factor that could impact the central bank’s decisions on interest rates and market expectations for the upcoming weeks. Last week, …
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22 January 2024 2:26 pm
European stocks open higher, focus on ECB decision
European stocks started the week on a positive note, reflecting the gains seen on Wall Street, where the Standard & Poor’s index reached a record high in the previous session. Traders are eagerly awaiting the upcoming monetary policy decision from the European Central Bank scheduled for later in the week. …
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22 January 2024 1:07 pm
Dollar struggles to maintain its gains and all eyes are on central bank meetings
On Monday, the dollar attempted to maintain its gains amid anticipated central bank decisions in Japan and Europe, as well as shifting market expectations about potential US interest rate cuts. Trading remained relatively calm, except for the yen, which moved away from a one-month low on Friday, rising to 147.74 …
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22 January 2024 11:55 am
The People’s Bank of China keeps interest rates unchanged
The People’s Bank of China has opted to maintain the country’s interest rates at 3.45%, in line with market expectations. Similarly, the 5-year lending rates were retained at 4.2%, aligning with the anticipated and priced-in scenario. However, the People’s Bank of China surprised the markets by keeping the interest rate …
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22 January 2024 10:29 am
Oil continues to lose due to unfavorable economic factors
Oil prices declined for the second consecutive day on Monday, influenced by persistent concerns about global demand amidst challenging economic conditions. This overshadowed geopolitical tensions in the Middle East and an attack on a Russian fuel export terminal over the weekend. As of 0105 GMT, the price of Brent crude …
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22 January 2024 6:10 am
Financial Markets’ Weekly Recap
The performance of financial markets exhibited a range of dynamics over the past week. Notably, strength was observed in the performance of oil and the dollar, while gold experienced a marginal decline in its gains. Several key factors acted as primary drivers influencing market movements. Among these, the ongoing Red …
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20 January 2024 1:33 am
Despite weekly gains, oil slightly lower on China demand concerns
Despite a minor decline on Friday, oil prices saw a weekly increase as Middle East tensions and interruptions to oil production outweighed worries about the Chinese and worldwide economies. A barrel of Brent futures ended the day 54 cents lower at $78.56. West Texas Intermediate oil dropped 67 cents to …
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20 January 2024 1:07 am
Fed’s Daly: Changes in the labour market may lead to changes in policy
In an interview with Fox Business on Friday, Mary C. Daly, President of the San Francisco Fed discussed the Fed’s policy outlook. The San Francisco Fed President since 2018, Mary C. Daly will be rotating from an Alternate Member voting seat to a full Member for the 2024 Fed chair …
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