Gold markets have been experiencing a decline since the start of Monday’s North American session due to increased risk appetite and anticipation of interest decisions from the Fed and the ECB. Gold futures fell -1.15%, below $1981, trading at $1980.85 per ounce at the time of writing.Earlier on the day, …
Read More »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…
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…
Market Analysis
December, 2023
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12 December 2023 12:01 am
EUR/USD is surging ahead FOMC, ECB policy meetings
The EUR/USD pair is trading near 1.0764 versus earlier low of 1.0742 during the few previous hours as markets prepare for a busy trading week, whether on the data front or on the central banks’ decision-front, that includes US Consumer Price Index data, Producer Price Index data, and the FOMC …
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11 December 2023 10:59 pm
Is Powell Under Pressure To Set US Interest Rate Cut Plan?
Fed Chair Jerome Powell faces a challenge in keeping the US central bank’s policy plans flexible, as investors believe the cooling economy means tightening is over. The FOMC prepares for its final two-day meeting of 2023, and Powell is expected to use his press conference on Wednesday to emphasise that …
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11 December 2023 10:01 pm
EUR/GBP pinned into midrange ahead of ECB, BoE policy meetings
The EUR/GBP pair is currently trading near 0.8560, with the pair testing the low end but still trapped within near-term consolidation.The midweek sees a doubleheader from the BoE and the ECB, with markets focusing on press statements and investors weighing degrees of hawkishness. The pair is down a tenth of …
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11 December 2023 9:27 pm
Swiss Franc edges lower amid positive market sentiment
The Swiss Franc is experiencing a weakening trend in most pairs due to stronger US data, which has buoyed market sentiment. The Federal Reserve, European Central Bank, and Bank of England are all scheduled to make announcements after their meetings this week. The improved outlook for the US on Friday’s …
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11 December 2023 8:37 pm
Natural Gas Prices Dropped 10% On Dismal COP28 Agreement
During the US trading session, natural gas prices dropped 10%, taking over from the European session. The US Dollar is steady ahead of US CPI and the last Fed’s policy meeting for 2023. A COP28 draft agreement is set to be presented, with fossil fuels set to be reduced instead …
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11 December 2023 7:47 pm
US CPI Preview: Inflation calms down adding another signal of progress
On Tuesday, the US Bureau of Labor Statistics will release the most important inflation measure, the US Consumer Price Index (CPI) figures for November. Economists and researchers from some major banks forecast that the core CPI will stay constant at 4.0% YoY while the headline CPI will decrease slightly to …
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11 December 2023 2:22 pm
European stocks are stable before the Fed decisions and mining companies decline
European stocks were largely stable at the beginning of a week full of economic events as investors awaited the release of US inflation data and the decisions of major global central banks regarding interest rates, while the decline in metal prices led to a decline in mining company shares. The …
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11 December 2023 2:09 pm
Unemployment in Türkiye falls to its lowest levels in ten years
Official data showed on Monday that the unemployment rate in Turkey fell 0.5 percent on a monthly basis to record 8.5 percent in October, its lowest level in ten years after recording a decline for more than two years. The seasonally adjusted index of labor underutilization decreased by 0.5 percent …
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11 December 2023 1:50 pm
Dollar rises ahead of US inflation data and the central bank meeting
The dollar opened higher on Monday, with US inflation data and the Federal Reserve’s final monetary policy meeting of the year likely to determine the dollar’s movement during the week, while increasing deflationary pressures in China weighed on the yuan. The US dollar rose again above 145 yen to 145.62 …
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11 December 2023 12:10 pm
Japan’s Nikkei index recovers from its lowest level in a month
Japan’s Nikkei index recovered on Monday from its lowest levels in a month recorded last week, supported by the yen’s decline from a four-month peak and Wall Street rising on increasing bets on the US economy reaching safety. The Nikkei index ended Monday’s trading up 1.5 percent at 32,791.80 points …
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11 December 2023 10:54 am
China’s CPI fell at the fastest pace since November 2020
Chinese stocks fell on Monday, December 11, after data showed continued deflationary pressures as the country’s economy suffers from weak domestic demand. In contrast, Japanese stocks jumped amid increasing bets that its central bank may not raise interest rates next week. Inflation figures for November in China showed a faster-than-expected …
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11 December 2023 10:12 am
Oil continues its gains as the United States seeks to buy strategic reserves
Oil prices rose on Monday, extending their gains for a second session as the United States sought to revive its strategic reserves, which provided some support, despite continuing fears of a glut in crude supply and weak growth in fuel demand next year. By 0119 GMT, Brent crude futures rose …
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