Asian shares cautiously moved higher on Monday, supported by a decline in the dollar and bond yields as investors anticipated key inflation data that could signal upcoming rate cuts in both the United States and Europe. However, lingering concerns over geopolitical tensions in the Middle East and upcoming corporate earnings …
Read More »Dow Jones Breaks Records as Strong Earnings Spark Wall Street Rally
The Dow Jones Industrial Average soared to a new all-time high on Tuesday, surpassing the 47,000 mar…
Oil Prices Find Footing as Market Balances Oversupply Fears and Trade Tensions
Oil prices steadied on Tuesday after sliding to their lowest levels since early May, as investors we…
Gold Retreats as Trade Optimism and Dollar Strength Shake Markets
Gold prices fell sharply this week after briefly touching record highs, as renewed optimism over glo…
Fed Poised for Trimming Rate Twice This Year Amid Economic Uncertainty
The U.S. central bank is widely expected to lower its benchmark interest rate twice more before the …
Canada’s Inflation Rises Slightly, Keeping Pressure on the Bank of Canada
Canada’s Consumer Price Index (CPI) edged higher in September, signaling a modest uptick in inflatio…
Oil Prices Edge Higher as Traders Weigh Oversupply Risks and Trade Outlook
Oil prices rebounded modestly on Tuesday, recovering from their sharp decline in the previous sessio…
U.S. Futures Edge Lower Ahead of Heavy Earnings Slate, With Netflix in Focus
U.S. stock futures dipped slightly on Tuesday, pausing after recent gains as investors awaited a bus…
European Stocks Hold Steady as Investors Weigh Trade Optimism and Earnings
European equities opened broadly stable on Monday, as investors balanced cautious optimism over easi…
Gold Pulls Back from Record Highs as Trade Optimism Tempers Safe-Haven Demand
Gold prices retreated from record highs in Asian trading on Tuesday, pressured by profit-taking and …
Bitcoin Retreats as ‘Uptober’ Optimism Fades Despite Improved Global Sentiment
Bitcoin extended losses on Tuesday, reversing a brief weekend recovery as crypto markets failed to f…
Market Analysis
August, 2024
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26 August 2024 9:01 am
Oil Prices Rise Amid Ongoing Israel-Hamas Conflict and Fed Rate Cut Optimism
Oil prices increased in Asian trading on Monday, continuing their rebound from the previous session. The ongoing conflict between Israel and Hamas showed no signs of a ceasefire, while comments from Federal Reserve Chair Jerome Powell fueled expectations of a September interest rate cut, further supporting oil prices. Brent crude …
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26 August 2024 7:18 am
Financial Markets’ Weekly Recap: What’s Next for USD After Jackson Hole?
Financial Markets’ Weekly Recap: A couple of events were the most important in global financial markets last week; the FOMC Minutes last July and the statements of the Fed Chairman Jerome Powell at the Jackson Hole Symposium. Both were in favor of risk appetite after they tipped the scales towards …
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24 August 2024 4:30 am
Oil Prices Rebound Following Powell’s Speech Amid Stubborn Uncertainty
Oil prices saw a modest increase on Friday, extending gains from the previous day and snapping a losing streak for the week. However, the rebound could be short-lived as concerns over demand and a potential supply surplus loom large.OPEC finds itself in a challenging position. Adhering to their previous production …
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23 August 2024 11:49 pm
Gold Prices Surge Following Powell’s Signals
In a highly anticipated speech at the Jackson Hole Central Bank Symposium, Federal Reserve Chair Jerome Powell indicated that it’s time to adjust monetary policy. He highlighted reduced inflation risks and growing concerns about the labor market. As a result, the gold market experienced significant buying, with December gold futures …
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23 August 2024 10:57 pm
Canadian Dollar Rallies on Fed Rate Cut Signal
The Canadian Dollar (CAD) experienced a significant surge against the US Dollar (USD) on Friday, August 23, 2024. This rally was primarily driven by the Federal Reserve’s indication of a potential rate cut cycle, which weakened the Greenback.Despite a mixed performance in Canadian retail sales data, the market’s focus shifted …
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23 August 2024 9:56 pm
Signal for Looming Fed’s Rate Cut Boosts Market Confidence
The U.S. stock market experienced a significant uptick on Friday, August 23, 2024, following Federal Reserve Chair Jerome Powell’s indication of potential interest rate cuts in the near future. This positive sentiment was evident in the performance of the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite, which all …
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23 August 2024 5:39 pm
Obviously Dovish Fed Chair Hints: It’s Time For Interest Rate Cut
Despite his refusal to give precise timing or extent hints, Fed Chair Jerome Powell set the foundation for future interest rate reductions on Friday. During the Fed’s annual retreat in Jackson Hole, Wyoming, the Chair of the Board of Directors declared, “The time has come for policy to adjust.” This …
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23 August 2024 2:51 pm
U.S. Stock Futures Rise as Markets Eye Powell’s Jackson Hole Speech
U.S. stock index futures climbed on Friday, rebounding from the losses seen in the previous session, as investors await Federal Reserve Chair Jerome Powell’s address at the Jackson Hole Symposium for more insights into the Fed’s interest rate plans. Dow Jones Futures rose 145 points (0.4%) at 06:15 ET (10:15 …
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23 August 2024 2:07 pm
Oil Prices Steady, Set for Weekly Decline Amid U.S. Demand Concerns and Ceasefire Talks
Oil prices remained stable on Friday but are poised to end the week lower due to concerns over weakening U.S. employment data and ongoing ceasefire discussions in Gaza, which eased fears of supply disruptions. Brent crude futures rose by 16 cents (0.2%) to $77.38 per barrel by 0642 GMT.U.S. West …
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23 August 2024 1:26 pm
Dollar Softens as Markets Await Powell’s Jackson Hole Speech; Yen Gains on Ueda’s Hawkish Remarks
The U.S. dollar weakened on Friday as traders prepared for Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium. Meanwhile, the Japanese yen led gains among major currencies after Bank of Japan (BOJ) Governor Kazuo Ueda reaffirmed his commitment to raising interest rates if inflation continues to …
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23 August 2024 12:45 pm
Japan’s Core Inflation Rises in July, But Slowing Demand Growth May Complicate BOJ’s Rate Decisions
Japan’s core inflation rate accelerated for the third consecutive month in July, according to data released on Friday, raising challenges for the Bank of Japan (BOJ) as it considers future interest rate hikes. The nationwide core Consumer Price Index (CPI), which excludes volatile fresh food items, rose 2.7% year-on-year, slightly …
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23 August 2024 12:30 pm
European Shares Hold Steady as Investors Await Powell’s Speech
European shares were largely flat on Friday as investors adopted a cautious stance ahead of a crucial speech by Federal Reserve Chair Jerome Powell, scheduled for later in the day. The pan-European STOXX 600 index edged up 0.1% to 516.28 points by 0709 GMT, maintaining gains after hitting its highest …
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