Gold prices stabilized after touching a six-month high on Tuesday, as expectations that the Federal Reserve will end its interest rate hike cycle kept the dollar and Treasury yields under pressure. Gold rose in spot transactions 0.1 percent to $2,015.33 per ounce by 0643 GMT, after reaching its highest levels …
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
November, 2023
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28 November 2023 11:50 am
Oil is on its way to ending a series of losses
Oil prices rose on Tuesday, snapping a multi-session losing streak ahead of a crucial OPEC+ meeting, which is widely expected to see production cuts increased and extended amid fears that supply will continue to exceed demand. By 0152 GMT, Brent crude futures rose 45 cents, or 0.6 percent, to $80.43 …
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27 November 2023 8:31 pm
Canadian Dollar churns sideways as markets looking ahead to midweek data
The Canadian Dollar is grappling with sideways momentum on Monday. Markets look ahead to key data for both the US and Canada in the latter half of the week.US PCE inflation & ISM Manufacturing, Canada GDP & employment change are on the horizon. The Canadian Dollar (CAD) is middling against …
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27 November 2023 7:42 pm
US: New Home Sales retreat below expectations
New Home Sales in the US declined 5.6% in October. US Dollar Index continues to hover around 103.40 after the data. Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau …
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27 November 2023 2:57 pm
Lukewarm performance for European stocks
European stocks were steady on Monday as lower oil prices led to a decline in energy stocks, ahead of comments by European Central Bank President Christine Lagarde on monetary policy before a European Parliament committee. The European Stoxx 600 index remained stable at 0820 GMT, while the British Financial Times …
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27 November 2023 1:59 pm
The British pound rose and the dollar fell as traders awaited new economic signals
The pound sterling rose to its highest level in more than two months against the dollar on Monday, although some risk aversion limited the US currency’s losses, with traders awaiting new economic signals next week to determine the course of monetary policy regarding future interest rates. The current week is …
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27 November 2023 12:56 pm
Brent crude falls towards $80 per barrel ahead of the OPEC+ meeting
Oil prices experienced a decline on Monday, with Brent oil futures edging closer to $80 per barrel as investors awaited the OPEC+ group meeting scheduled for this week to determine the extent of production cuts in 2024. As of 02:31 GMT, Brent crude futures dropped by 37 cents, or 0.5 …
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27 November 2023 11:53 am
Gold jumps to its highest level in 6 months
Gold prices surged to a six-month high in current trading, buoyed by the decline of the US dollar. The ongoing belief that the Federal Reserve has completed its interest rate hike cycle further contributed to the positive momentum in the precious metal. Investors are closely watching US inflation data scheduled …
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27 November 2023 7:23 am
Financial Markets’ Weekly Recap
Data from the German statistics office confirmed on Friday that the country’s economy contracted slightly in the third quarter compared to the previous three months. The initial estimate, published in late October, indicated a contraction of 0.1 percent, which has now been substantiated. Ruth Brand, head of the Statistics Office, …
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25 November 2023 1:55 am
Market Drivers – US Session, Nov. 24
The US dollar experienced losses in a shortened week, with the Core PCE report being the most important. The US economy is stronger than that of European nations and is still growing, with the US Composite reported at 50.7 in recent PMIs. Weekly gains in EUR/USD were observed, but the …
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25 November 2023 12:59 am
Oil settles lower, but records weekly gain
Oil prices fell on Friday due to the release of hostages in Gaza, but prices gained their first week of gains in over a month ahead of the OPEC+ meeting to decide on production cuts in 2024. Brent crude futures settled down 84 cents at $80.58 a barrel, while American …
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24 November 2023 11:46 pm
EUR/USD looks forward to climb over 1.0950
The EUR/USD pair is experiencing a broad-market risk rally to close out the trading week, with market sentiment seeing a late break. US PMI data came in mixed, softening the US Dollar. The EUR/USD is trading into the 1.0950 level as the trading week winds up, with markets set for …
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24 November 2023 10:35 pm
US dollar set to close with second straight weekly loss
The DXY Index fell to 103.45, a 0.30% loss, and the index is expected to experience a 0.30% weekly loss. S&P PMIs showed mixed economic outlook, with the manufacturing sector weakening and the service sector expanding. The US economy is showing signs of cooling inflation and job creation, and soft …
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