As 2023 comes to a close, oil prices are poised to mark their first annual decline in two years, experiencing a roughly ten percent drop. Geopolitical concerns, production cuts, and global efforts to curb inflation have contributed to significant price fluctuations throughout the year. Current Oil Prices: Brent crude futures …
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
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
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
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…
Market Analysis
December, 2023
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29 December 2023 1:05 pm
Oil prices are set to end the year down 10 percent due to concerns about demand
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29 December 2023 10:22 am
Bets for a rate cut in 2024 are pressuring USD to end the year on a losing note
As the year 2023 draws to a close, the US dollar faces the prospect of ending the year with a significant loss, erasing gains from two consecutive years. Market sentiment is shaped by expectations that the Federal Reserve may initiate interest rate cuts by March 2024, contributing to the dollar’s …
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29 December 2023 1:24 am
Gold holds around $2070 amid quiet trading session
Gold price remains steady at $2069.50 per ounce, despite a rebound in the US Dollar and higher US Treasury bond yields. On the data front; Initial Jobless Claims increased to 218,000, above the forecast of 210,000, and Continuing Claims reached 1.875 million, the highest in four weeks. The downside of …
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28 December 2023 10:09 pm
S&P 500 closes nearest all-time highs near $4,800
The S&P 500 is nearing all-time highs near $4,800, but a late-day pullback due to rising Treasury yields has pushed assets lower. The market’s risk rally, driven by rate cut expectations in 2024, has been slowed down by a surprise increase in US 7-year Treasury yields, causing a reversal of …
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28 December 2023 8:06 pm
US dollar nosedives in last few trading days before 2024
Thursday saw a sharp decline in the value of the US dollar following the Richmond Manufacturing Index. The US bond market is witnessing significant purchasing while the equity markets remain stable.After the US opening bell, the US Dollar Index has experienced a wild ride and is almost flat. On Thursday, …
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28 December 2023 2:40 pm
USD declines against JPY and compensates for its losses against EUR
The US dollar witnessed divergent movements against key currencies on Thursday, recovering from early losses against the euro while facing a decline against the Japanese yen. Investors are closely monitoring signals from the Federal Reserve, expecting a potential interest rate cut in the coming year. Dollar Index Performance: The dollar …
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28 December 2023 1:46 pm
European stocks rise on expectations of interest rate cuts
European stocks showcased a positive trajectory on Thursday, led by gains in mining and insurance companies. The market outlook remained optimistic as the year neared its end, buoyed by expectations that major global central banks would potentially reduce borrowing costs in the coming year. Market Overview: The STOXX 600 index …
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28 December 2023 12:50 pm
Oil Prices Rise Amid Middle East Tensions
Oil prices experienced an early uptick in Asian trading on Thursday, driven by persistent concerns over escalating tensions in the Middle East. These apprehensions overshadowed earlier worries about shipping traffic disruption, as some international shipping companies resumed activities in the Red Sea. Market Movement:Brent crude futures advanced by 0.3 percent, …
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28 December 2023 3:45 am
Gold price leaps high on dovish Fed bets, deteriorating US yields
Gold was trading closely to the $2,070 level, registering strong gains, on early Thursday the precious metal is trading at $2086.45 per ounce. Markets project as many as six Fed rate hikes in 2024, which shook down the US Treasury yields.US Jobless Claims on Thursday may fuel further volatility in …
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28 December 2023 1:39 am
Market Drivers – US Session, December 27
It was another day in an unusual week that is shortened by holidays. The US Dollar Index extended its loss and dropped below 101.00, reaching its lowest level since July. The 10-year Treasury yield fell to 3.78%, a five-month low, while the 2-year settled at 4.24%, the lowest since May.US …
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27 December 2023 7:53 pm
Trump’s reelection could mean return of US-China trade war
Geopolitical risks remain high and economists discuss what to look out for in 2024. Severe geopolitical shocks and persistent tensionsThe new year could mark a watershed for political and military support for Ukraine, particularly as elections will be held in the US Military support from the US is critical, and …
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27 December 2023 3:33 pm
Dollar Hits 5-Month Low
The dollar faced a decline on Wednesday, reaching its lowest level in five months, while the euro touched a four-month high. Market sentiment was driven by expectations of an imminent interest rate cut by the Federal Reserve. However, limited trading volume at the close of the year contributed to subdued …
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27 December 2023 2:09 pm
European Shares Inch Up on Positive Chinese Data and Wall Street Optimism
European shares experienced a modest increase on Wednesday, driven by a rise in mining shares fueled by strong Chinese data. Additionally, technology stocks received a boost from Wall Street’s optimistic outlook, fueled by expectations that the Federal Reserve might initiate interest rate cuts in March. Market Overview:The European STOXX 600 …
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