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 …
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
August, 2024
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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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23 August 2024 11:54 am
Gold Prices Edge Higher Amid Market Caution Ahead of Powell’s Speech
Gold prices rose in Asian trading on Friday, recovering slightly from a steep drop in the previous session. The yellow metal remained supported by cautious sentiment as markets awaited an important address by Federal Reserve Chair Jerome Powell later in the day, which is expected to provide more clarity on …
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23 August 2024 2:39 am
Market drivers; US Session, August 22
The US Dollar rebounded from its 2024 lows on Thursday as risk sentiment weakened. Rising US Treasury yields also supported the Greenback, ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole.Key Economic Events Federal Reserve Chair Powell’s Speech: The speech will provide insights into the Fed’s monetary policy …
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23 August 2024 2:20 am
Explainer: Are markets facing a looming debt crisis?
The United States, burdened by a staggering $28 trillion national debt, is facing a looming fiscal crisis. The increasing interest payments on this colossal debt, now surpassing defense spending, are a stark indicator of the nation’s precarious financial position. This escalating debt burden is a bipartisan legacy, with both recent …
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