The latest economic data from the Euro area provides a snapshot of the region’s economic conditions: Retail Sales: In November, Eurostat reported a decline of 0.3% in retail sales on a monthly basis.This follows the revised increase of 0.4% (originally reported as 0.1%) recorded in October.The reported figure aligns with …
Read More »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 …
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
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 …
Market Analysis
January, 2024
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8 January 2024 2:44 pm
European stocks open lower as energy stocks decline and bond yields rise
European stocks encountered a lower opening on Monday, extending their sluggish start to the year, as a rise in government bond yields and a decline in energy stocks impacted risk appetite negatively. The European STOXX 600 index recorded a 0.1 percent decline by 0815 GMT. Yields on both European 10-year …
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8 January 2024 1:34 pm
German exports rose more than expected in November
On Monday, data from the Federal Statistical Office revealed that German exports exceeded expectations in November, experiencing a robust increase driven by heightened demand within the European Union. German exports surged by an impressive 3.7 percent in November compared to the previous month, surpassing the 0.3 percent increase forecasted in …
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8 January 2024 12:38 pm
Dollar consolidates as US inflation data nears announcement
The dollar found stability on Monday as market participants awaited the release of a crucial US inflation data report later in the week. This report is anticipated to offer further insights into the expected monetary policy stance at the Federal Reserve, following a cautious start to the year with diminished …
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8 January 2024 11:30 am
Gold fell with the rise of USD, focus on US inflation data
Gold prices experienced a decline on Monday as expectations of an early US interest rate cut diminished, leading to a strengthening dollar and higher Treasury yields. As investors awaited crucial inflation data later in the week, the precious metal faced headwinds. As of 0556 GMT, the spot price of gold …
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8 January 2024 10:33 am
Oil declines by more than 1%, affected by the reduction in Saudi crude prices
Oil prices experienced a decline of more than one percent on Monday, driven by significant cuts in the official selling prices for Saudi crude and an upswing in OPEC production. Despite escalating geopolitical tensions in the Middle East, these factors weighed more heavily on market sentiment. As of 0344 GMT, …
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6 January 2024 12:23 am
WTI slides below $74 amid geopolitical tensions
The spillover from the Middle East crisis has disrupted crude oil markets, causing cargo ships to be diverted from the Red Sea for the foreseeable future. On Friday, there was a small increase in West Texas Intermediate (WTI) US Crude Oil, which hit 74.27, but a decline in American crude, …
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5 January 2024 11:14 pm
Canadian dollar retreats to new low on jobs data
The Canadian dollar fell to a new low against the US dollar on Friday, but then surged to a three-day high after a strong US Nonfarm Payrolls report crushed market forecasts. Canada’s labour market added fewer jobs than expected, but persistent wage growth accelerated to a two-year high. US Nonfarm …
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5 January 2024 9:52 pm
GBP/USD records fresh 2024 high following NFP data
The Pound Sterling surged against the dollar following the US Nonfarm Payroll data release, which added 216K new jobs in December. Despite revisions to key datasets, markets surged on the NFP forecast-beater, pushing the US Dollar broadly lower and sending the Pound Sterling to a new 2024 high. US Average …
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5 January 2024 8:43 pm
How has US dollar reacted to NFP data?
The Dollar Index is currently trading just above 102.00, showing a downtick of 0.30% due to the markets adjusting dovish bets post the release of December’s Nonfarm Payrolls (NFP) and the ISM PMIs. Earlier on Friday, the dollar experienced a strong reaction to the recent NFP report in the United …
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5 January 2024 7:29 pm
Yellen: Current situation points to a soft landing
According to US Treasury Secretary Yellen, she stated that the pessimism regarding the economy had been proven unwarranted.Yellen noted that certain surveys were starting to indicate increased optimism among Americans.Yellen described the current situation as a “soft landing”, indicating that there was no substantial impact on energy prices from the …
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5 January 2024 2:52 pm
European stocks approach first weekly loss in 8 weeks
European stocks experienced a downturn on Friday amidst a broader market contraction, marking a potential shift towards the first weekly loss in eight weeks. Investors remained on the edge, anticipating key inflation data from the euro zone and eagerly awaited US jobs data, which holds the promise of providing clarity …
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5 January 2024 12:05 pm
US Dollar is heading for its best weekly performance since July
The dollar exhibited a robust performance on Friday, poised to conclude the week with its most significant gain since July. This surge is attributed to diminishing expectations of an imminent and substantial cut in interest rates for the year, a sentiment prevailing in the market ahead of the eagerly anticipated …
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