Japan’s largest shipping company, Nippon Yusen (NYK Line), has announced the suspension of all its ships’ passage through the Red Sea. The decision comes in the wake of advice from the joint naval force “Guardian of Prosperity” to avoid the region following the recent US and British strikes against Houthi …
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
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
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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
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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…
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Market Analysis
January, 2024
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16 January 2024 3:31 pm
Japan’s NYK announces the temporary suspension of the passage of its ships through the Red Sea
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16 January 2024 2:04 pm
Oil rises in light of the escalation of conflict in the Middle East and tankers diverting their course
Oil prices experienced a slight uptick on Tuesday, driven by escalating conflict in the Middle East. Ship tracking data indicated an increased number of tankers diverting away from the Red Sea following attacks by Yemen’s Houthi movement in the region. Brent crude futures saw a rise of 12 cents, approximately …
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16 January 2024 12:49 pm
Gold declines as dollar and Treasury yields rise
Gold faced a marginal decline on Tuesday, influenced by a strengthening dollar and rising US Treasury bond yields. The precious metal saw a 0.2 percent decrease in spot transactions, settling at $2,050.35 per ounce, while US gold futures experienced a modest 0.1 percent increase, reaching $2,054.10. The rise in the …
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16 January 2024 12:42 pm
Dollar rises as traders focus on interest rate bets and tension in the Red Sea
The dollar gained ground on Tuesday as investors tempered their expectations of imminent interest rate cuts by the Federal Reserve, influenced by hawkish comments from European Central Bank officials. Meanwhile, concerns over potential attacks on ships in the Red Sea contributed to a reduced appetite for risk. Here’s a breakdown …
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16 January 2024 2:46 am
Market Drivers – US Session, January 15The firm demand for the dollar encouraged the USD Index to add to last Friday’s gains on the back of the resurgence of risk aversion bolstered by geopolitical concerns, particularly in the Middle East. The DXY has extended its consolidative theme in place since …
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16 January 2024 2:17 am
Gold surges above $2050 amid continued geopolitical tensions
Gold price surged due to geopolitical risks in the Middle East. Market expectations of Fed rate cuts in 2024 have boosted Gold’s appeal against a weakening Dollar. The ongoing geopolitical tensions increased risk aversion, with the US and UK retaliating against Iran-backed groups. The US Fed’s increasing odds of cutting …
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16 January 2024 1:52 am
European stocks decline as global Davos kicks off
On Monday, European equities generally lost ground, with the STOXX600 falling by 0.5 percent. In November, the Eurozone’s Industrial Production declined once more. The ECB’s aspirations for rate change continue to be met with a stiff wall from policymakers.To start the new trading week, global market indexes dropped and European …
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16 January 2024 12:34 am
Oil struggles for direction amid geopolitical tensions
WTI is in the red territory after losing -0.39% on Monday, hovering around $72.50. The fundamentals for crude oil are still weakening, and output is still going strong worldwide. The supply routes between Europe and Asia are still being impeded by the Houthi rebels. Earlier on Monday, US crude oil …
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15 January 2024 11:13 pm
Will Davos Discuss What Reforms China Needs To Address Sluggish Growth?
In order to prevent “a fairly significant decline in growth rates,” China must implement fundamental reforms, the chief of the International Monetary Fund cautioned on Monday. At the World Economic Forum in Davos, Switzerland, Kristalina Georgieva told US media outlets that China was confronting both immediate and long-term difficulties.She claimed …
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15 January 2024 10:10 pm
Could Western Sanctions Harm US Dollar?
US Treasury Secretary Janet Yellen has cautioned that the dollar’s hegemony in the world may be threatened by economic sanctions imposed on nations including Russia. According to her, there’s a chance that the dollar’s hegemony will be weakened over time if financial sanctions are tied to it. She did, however, …
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15 January 2024 8:06 pm
US dollar edges up as Republicans poll rolls out in Iowa
The key state Iowa is set to have its GOP Caucus votes this Monday evening, with Trump expected to win. Despite continuing tensions in the Middle East and Asia, the US dollar is up 0.14%, trading at 102.580. This week’s reports on Michigan consumer sentiment and US retail sales have traders …
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15 January 2024 4:50 pm
European Stocks Decline Amid Rising Bond Yields
European stocks experienced a decline on Monday, influenced by a rise in government bond yields and concerns over potential interest rate cuts by the European Central Bank. Dassault Aviation’s shares also contributed to the losses, dropping due to the company’s failure to meet its targeted number of aircraft deliveries. The …
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15 January 2024 1:25 pm
Japanese Nikkei Surpasses 36,000 Points for the First Time in 34 Years
On Monday, the Japanese Nikkei index reached a milestone by surpassing the 36,000-point mark for the first time in 34 years. This surge was driven by an increase in the shares of shipping companies and financial institutions, coupled with a decline in US Treasury bond yields and the stabilization of …
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