The US Dollar experienced a decline in recent trading sessions, primarily driven by weaker-than-expected economic data. The release of the Consumer Confidence and Richmond Fed Manufacturing Index for September both fell below market expectations, suggesting a potential for more aggressive interest rate cuts by the Federal Reserve in the coming …
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
September, 2024
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24 September 2024 7:09 pm
The Euro’s Resurgence Reflects Shifting Landscape for Global Currencies
The Euro has witnessed a remarkable resurgence in recent weeks, buoyed by increasing expectations that the Federal Reserve (Fed) will significantly cut interest rates in the coming months. This shift in sentiment has been driven by a confluence of factors, including weakening economic indicators in both the US and Eurozone, …
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24 September 2024 2:49 pm
German Business Morale Dips, Signaling Possible Recession
German business sentiment took another hit in September, falling for the fourth consecutive month, according to a recent survey released on Tuesday. This dip adds to growing concerns that Europe’s largest economy may have slipped into recession. The Ifo Institute’s business climate index, a widely watched gauge of business morale, …
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24 September 2024 2:09 pm
Oil Prices Rise on Chinese Stimulus and Middle East Tensions
Oil prices surged on Tuesday, buoyed by news of significant monetary stimulus from China, the world’s largest oil importer, alongside escalating tensions in the Middle East and concerns over potential supply disruptions in the United States due to another looming hurricane. Brent crude futures climbed by 1.8%, reaching $75.24 per …
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24 September 2024 9:32 am
Gold Prices Hit Record Highs Amid Fed Rate Cut Optimism; Copper Rallies on Chinese Stimulus Measures
Gold prices surged to record highs in Asian trading on Tuesday, building on recent gains driven by optimism over U.S. interest rate cuts, while copper prices rallied sharply following a wave of stimulus measures announced by the Chinese government. These developments are setting the stage for a dynamic week in …
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24 September 2024 2:44 am
Market Drivers; US Session, September 23
The US Dollar, once a stalwart symbol of global economic stability, has found itself in a state of flux following the Federal Reserve’s recent decision to cut interest rates. This strategic move, aimed at stimulating economic growth, has had far-reaching implications for the currency’s value and its role in the …
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24 September 2024 1:06 am
Intel’s Stock Surge: Further Hope Amid Economic Uncertainty
Intel’s recent stock surge, fueled by potential investments from Apollo Global Management and Qualcomm, has sent ripples of optimism through the technology sector. As the global economy navigates a complex landscape of economic uncertainties, Intel’s resurgence offers a glimmer of hope for investors and industry observers alike.Investors should closely monitor …
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24 September 2024 12:02 am
US Dollar steadies as investors digest S&P Global PMIs
Despite poorer PMI data, the US currency held constant and even increased on Monday. The market pricing in 75 basis points of Fed easing by year-end. The Federal Reserve’s Goolsbee pledged that “many cuts” will be necessary in 2019. There are signs that the US economy is growing, even if …
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23 September 2024 11:17 pm
US Treasury yields firm on Fed’s signals about gradual easing ahead
US Treasury yields are stable despite growing anticipation for the Fed to drop rates again after a 50 basis point decrease last week. Both Atlanta’s Bostic and Minneapolis Fed President Kashkari favor modest rate reductions; Kashkari projects that rates will reach 4.4% by the end of 2024. Bostic downplays the …
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23 September 2024 10:41 pm
XAU/USD steadies above $2,600 on further rate cut hopes, Middle East tensions
Expectations of a rate cut by the Federal Reserve in November and declining US Treasury yields propel gold to a new all-time high. S&P Global Flash PMIs show that while the manufacturing sector is resilient, the US economy is not as strong in the manufacturing sector.While retaining policy flexibility and …
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23 September 2024 9:09 pm
Euro Retreats On Fresh Recession Fears
Monday saw a temporary extension of the euro’s slide versus the US dollar as business activity figures for the euro zone economy disappointed. Prior to this, US statistics had indicated that activity remained stable. With markets already putting in a roughly 77% possibility for a cut of at least 25 …
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23 September 2024 7:45 pm
Crude Oil surges after US PMI’s
Crude Oil advances higher after US PMI’s lead the way. Euopean PMI data shows a substantial decline in Services and Manufacturing activity in the region. The US Dollar Index strengthens on Monday, with European investors heading into the safe haven US dollar. Crude Oil makes a run for it and …
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23 September 2024 3:07 pm
Euro Plunges as Grim Business Data Fuels Expectations of ECB Rate Cuts
The euro experienced a sharp decline against the dollar on Monday as recent business activity data painted a gloomy picture of the euro zone’s economic health, heightening expectations that the European Central Bank (ECB) may resort to more policy easing later this year. The common currency dropped by 0.6% to …
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