Dollar Eyes Weekly Win on Mixed Data, FOMC Meeting Looms LargeThe US dollar looks set to end the week on a high note, holding onto a gain of 0.12%. This comes despite mixed economic data, with weak consumer sentiment countered by stronger industrial production figures. The dollar Index (DXY) was …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
March, 2024
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15 March 2024 7:34 pm
Gold encounters first weekly loss amid rate bets, geopolitical tensions
Gold prices experienced their first weekly decline in four weeks on Friday March 15. The Gold Index lost -0.21% to trade at $2157.14 per ounce, as at the time of writing.This shift comes after data revealed concerns on US inflation, causing investors to reconsider their expectations for a Federal Reserve …
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15 March 2024 6:39 pm
ECB’s Lane Signals Potential Rate Change On Easing Labour Market Pressures
The European Central Bank’s chief economist, Philip Lane, hinted at a possible shift in monetary policy during a lecture at Imperial College Business School in London on Friday. His comments highlighted a potential easing of tight job market, which has been a key concern for the ECB in recent years.ECB’s …
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15 March 2024 3:52 pm
Global Stocks Pause Amid Inflation Concerns: Weekly Market Recap
Global stocks are poised to conclude the week with a subdued performance, following seven consecutive weeks of gains, as hotter-than-expected U.S. inflation data cast doubts on the timing and frequency of future interest rate cuts by the Federal Reserve. U.S. Inflation Data Dampens Rate Cut Expectations MSCI’s global equity index …
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15 March 2024 2:50 pm
Dollar Poised for Weekly Gains Amid Central Bank Anticipation
The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …
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15 March 2024 1:04 pm
European Shares Show Muted Activity Yet Head for Weekly Gains
European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …
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15 March 2024 12:17 pm
Oil Prices Poised to Finish Week Approximately 4% Higher
In a week marked by market fluctuations, oil prices showcased remarkable resilience, driven by optimistic forecasts from the International Energy Agency (IEA) and unexpected shifts in U.S. inventory levels. IEA’s Optimistic Forecast Spurs Confidence The week began with a notable uptick in market sentiment following the IEA’s revision of its …
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15 March 2024 4:22 am
US Dollar Rises After Russian Nuclear Weapon relocation
Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …
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15 March 2024 2:05 am
Explainer: What can Yield curve reveal about looming FOMC decision?
With a shorter-term note (2-year) yielding higher than a longer-term note (10-year), the curve on Friday, March 8, might have been steeper than normal. This could indicate market expectations of Fed to refrain from interest rate cut in March in order to avoid falling in a recession. The Treasury yield …
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15 March 2024 1:36 am
Market Drivers – US Session, March 14
The US dollar rallied this week, fueled by positive economic data. Inflation data and the recent labour market conditions in the United States pushed the USD Index to new multi-day highs above 103.445.The USD Index (DXY): Strong gains continue, breaking past 103.00 on robust inflation and labor data. Keep an …
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15 March 2024 12:15 am
GBP/USD Weakens as US Data Fuel Interest Rate Worries
The GBP/USD slipped around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% month-over-month in February from -1.1% in January, worse than expected. BoE’s Bailey said central bankers turned to the question of how long they needed to keep rates high as inflation eased. Investors will focus on …
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14 March 2024 11:13 pm
ECB’s de Guindos: Wages still a risk, but inflation on track
Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …
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14 March 2024 9:14 pm
Treasury Yields surge following PPI, Retail Sales
US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts. February’s Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.US Treasury yields made a significant leap on Thursday, a …
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