The US central bank decided to keep interest rates unchanged following FOMC meeting that concluded a few minutes ago. Inflation has moderated substantially, and central bank officials have signaled that they may be done raising borrowing costs. A fresh set of forecasts will provide hints about when rate cuts may …
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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13 December 2023 10:53 pm
All Eyes Shift to Dot Plot before Fresh Interest-Rate Pause
For the third meeting in a row, the US central bank is anticipated to hold interest rates steady. Decisions are taken meeting by meeting, and officials maintain that data is the primary source of information.After raising rates to their highest point in more than 20 years in less than a …
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13 December 2023 10:06 pm
US Stocks edge up on easing inflation ahead of FOMC decision
Wall Street’s main indexes gained on Wednesday after new data indicated inflation pressures were easing, ahead of the Federal Reserve’s final monetary policy decision of the year, where it is widely expected to leave interest rates unchanged.The Labour Department’s report showed the Producer Price Index (PPI) for final demand rose …
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13 December 2023 9:33 pm
Canadian dollar gains some support from crude oil rally
The Canadian dollar is moderately gaining support from a crude oil rally. Markets are still tepid this week, with CAD traders waiting until Bank of Canada Governor Tiff Macklem’s appearance late Friday before finding tradeable headlines. Markets are eagerly waiting the Federal Open Market Committee meeting to deliver their updated …
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13 December 2023 8:43 pm
Gold slightly higher as all eyes focus on looming FOMC decision
Gold prices are up a bit after hitting a three-week low overnight, while silver is slightly down after scoring a four-week low overnight. The marketplace is quieter just ahead of some important US economic data coming out today. February gold was last up $3.20 at $1,996.40. Gold is trading at …
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13 December 2023 7:47 pm
US dollar steadies ahead of FOMC decision, Powell’s remarks
The US dollar is expected to remain steady against major G20 currencies ahead of the US Federal Reserve meeting, with traders anticipating a firm pushback on rate cuts from the Fed. The official rate announcement and initial guidance will be released at 19:00 GMT, followed by a press conference with …
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13 December 2023 6:32 pm
ECB: Shift Towards a More Dovish Stance Amidst Downward Inflation Trends
It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …
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13 December 2023 5:07 pm
OPEC: “exaggerated” concerns about oil demand are the reason for the decline in prices
On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) expressed cautious optimism regarding the fundamental factors influencing the oil market in 2024. OPEC attributed the recent decline in oil prices to “exaggerated concerns” about demand. Despite the recent drop in prices, OPEC maintained its relatively high forecast for oil …
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13 December 2023 2:42 pm
Limited movements for European stocks ahead of The Fed decision
On Wednesday, European stocks navigated within a narrow range as investors exercised caution in making riskier bets ahead of the Federal Reserve’s decision on interest rates and the future trajectory of monetary policy. The European STOXX 600 index recorded a slight increase of 0.1 percent by 0810 GMT. This modest …
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13 December 2023 1:08 pm
Gold loses its luster with the rise of USD
Gold prices fell on Wednesday to the lowest level in more than three weeks as the dollar rose ahead of a Federal Reserve decision on interest rates and monetary policy indicators later on Wednesday. Gold fell in spot transactions 0.2 percent to $1,975.07 per ounce by 0711 GMT. US gold …
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13 December 2023 12:27 pm
Japan’s Nikkei closed higher, supported by chip-related stocks
On Wednesday, Japan’s Nikkei average experienced its third consecutive session of gains, buoyed by the positive performance of chip-related companies like Advantest, following the upward movement on Wall Street the previous night. The Nikkei index increased by 0.25 percent, closing at 32,926.35 points, while the broader Topix index rose by …
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13 December 2023 12:18 pm
Oil continues to decline amid fears of increased supply
Oil prices continued their descent in Asian trading on Wednesday, extending losses from the previous session where they fell over three percent to their lowest levels in six months. The decline is attributed to concerns about demand and excess supply in the market. As of 0621 GMT, Brent crude futures …
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13 December 2023 1:12 am
Market Drivers – US Session, December 11
On Wednesday, all eyes will be on the Federal Reserve and Chair Powell. During the Asian session, New Zealand will disclose current account figures, and Japan will release the Tankan survey. The Producer Price Index (PPI) will provide more inflation data in the United States.On Wednesday, the Federal Reserve will …
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