The EUR/USD pair slightly benefited from the US dollar’s sell-off but to a lesser degree than other assets including the Pound Sterling, and the Japanese yen. The pair remains in the same range that has been in play for the past 15 months, and price has made a fast move …
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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11 March 2024 9:18 pm
US CPI Preview: Forecasts by 10 major banks, inflation still too high
The US Bureau of Labour Statistics will release the most important inflation measure, the US Consumer Price Index figures, on Tuesday, March 12. As markets get closer to the release time, here are the forecasts by the economists and researchers of 10 major banks regarding the upcoming United States inflation …
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11 March 2024 7:49 pm
Dollar recovers from US jobs data shock
The US dollar began to recover from a sharp decline that has been accompanying it since the opening of weekly trading on Monday, continuing to be affected by the employment data released on Friday to shed light on a deterioration in labour market conditions that would have favoured speculation of …
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11 March 2024 6:43 pm
Gold holds recent gains as focus shifts to US Inflation data
Gold price clings to all-time highs and awaits US Inflation data for further action. The US CPI data will indicate whether the Fed gets confident that price stability is ensured. The US NFP report keeps hopes of a Fed rate cut in June alive.Gold price (XAU/USD) rally hit a pause …
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11 March 2024 4:49 pm
U.S. Stock Futures Slightly Down as Investors Await Inflation Data
Focus on Key Economic Indicators Shapes Market Sentiment U.S. stock index futures edged lower on Monday as market participants eagerly awaited crucial inflation data scheduled for release this week, which could offer insights into the Federal Reserve’s monetary policy trajectory following the mixed jobs report from last week. Mixed Economic …
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11 March 2024 3:59 pm
Forex Overview: Yen Gains Momentum Amidst Prospects of Rising Interest Rates in Japan
Bitcoin Hits New Record High, Dollar Remains Under Pressure The yen continued its ascent on Monday, buoyed by an upward revision in Japan’s growth figures, which fueled speculation that interest rates could see an increase this month. Meanwhile, bitcoin soared to a new record high above $71,600, adding to the …
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11 March 2024 3:03 pm
Bitcoin Hits Record High as Regulatory Landscape Shifts
Demand Surges as Regulatory Approvals Pave the Way Bitcoin, the leading cryptocurrency, achieved an unprecedented milestone on Monday, surpassing the $71,000 mark amidst a continued surge in demand for digital assets. Regulatory developments, including the recent announcement from Britain’s Financial Conduct Authority (FCA), have further propelled the cryptocurrency market forward. …
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11 March 2024 1:37 pm
Forex Overview: USD Weakens Ahead of Inflation Data Amidst Fed Rate-Cut Speculation
Early European Trading Reflects Dollar’s Slip In the early hours of European trade on Monday, the U.S. dollar continued its descent, hovering near two-month lows as market participants awaited crucial U.S. inflation data for insights into the timing of potential interest rate cuts by the Federal Reserve. Dollar Index Declines …
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11 March 2024 12:29 pm
European Stocks Extend Losses Amid Global Market Weakness
Continued Decline Mirrors Asian and Wall Street Trends European stock markets sustained losses on Monday, echoing the downward trajectory witnessed in Asian markets overnight and fueled by Friday’s downturn on Wall Street. The impending release of pivotal U.S. inflation data added to the prevailing apprehension among investors. European Indices Under …
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11 March 2024 11:41 am
Gold Prices Hold Firm Below Record Highs Amid Inflation Anticipation
Gold Maintains Strength Ahead of U.S. Inflation Data Gold prices exhibited resilience just below record highs in Asian trading on Monday, as market attention shifted towards eagerly awaited U.S. inflation figures. Investors awaited further indications on the timing of potential interest rate cuts by the Federal Reserve, which could significantly …
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11 March 2024 11:12 am
Asian Stocks Slide Amidst U.S. Jitters
Most Asian stocks dipped on Monday, mirroring the downturn in Wall Street, where apprehension loomed ahead of crucial U.S. inflation data. The prevailing sentiment was notably bleak in Japanese shares, which witnessed a sharp decline amid mounting speculation that the Bank of Japan (BOJ) is poised to increase interest rates. …
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11 March 2024 10:47 am
Oil prices fell on concerns about slowing demand in China
Oil prices on Monday extended last week’s losses on concerns about slowing demand in China, but continued geopolitical risks surrounding the Middle East and Russia limited the decline. By 01:29 GMT, Brent crude futures fell 48 cents, or 0.6 percent, to $81.60 per barrel, while US West Texas Intermediate crude …
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11 March 2024 5:29 am
Financial Markets’ Weekly Recap: Gold gets brighter at historical levels as markets await key data
Last week witnessed several important events and movements in terms of their impact on overall trading transactions. The week closed with a sharp decline in the US dollar in addition to weak performance of risk-linked assets amid mixed risk appetite due to the growing importance of the statements and data …
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