On Wednesday, stocks experienced a surge following a brief decline in yields to their lowest point in several months, and the market’s rally from November extended into the Thanksgiving holiday. The S&P 500 increased by 0.4%, the Nasdaq Composite advanced by 0.5%, and the Dow Jones Industrial Average gained 178 …
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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22 November 2023 11:57 pm
Eurozone banks under pressure on accelerating loan default
The European Central Bank has warned about rising loan default cases and late payments as signs of stress in the eurozone’s banks. The bank is facing higher funding costs, declining asset quality, and fewer lending volumes, despite increased interest rates boosting revenue and profits. The ECB also warns that slower …
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22 November 2023 10:39 pm
Gold continues to face challenge below $2,000
Spot Gold is bidding lower, testing back beneath the $2,000 key handle. The Gold Index (XAU/USD) is trimming back some gains as investors weigh their options post-US data.Gold remains well-bid, but $2,000 is proving to be a challenging level. XAU/USD tipped back into a daily high above the $2,000 mark, …
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22 November 2023 9:52 pm
Nagel: ECB approaching interest rates peak
Interest rates in the Eurozone are close to their peak according to Wednesday’s statements by Bundesbank President Joachim Nagel who also explained that economic data will determine whether more tightening is needed. As for inflation, Nigel mentioned it is on track to move towards the ECB target while speaking at …
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22 November 2023 8:57 pm
Negative sentiment drags CAD to fresh weekly lows
The Canadian dollar has hit a new weekly low due to deteriorating market sentiment and falling crude oil prices. The US data has reduced risk appetite and deflated crude oil bids, leading more markets to turn back towards the US dollar. Fresh weekly lows are expected since crude oil markets …
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22 November 2023 8:01 pm
US dollar gains on rate policy speculations
The US dollar is trading in the green territory against major G20 peers, with traders expecting a quick return to normal rate policy. The latest FOMC Minutes revealed that cuts are not in the plan for the upcoming meetings, which dampens market bets that cuts might be very close, even …
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22 November 2023 7:17 pm
OPEC’s policy meeting postponement drags Oil prices lower
Recent developments, such as the Middle Eastern ceasefire and a notable increase in US stockpiles, are causing oil prices to decline. Following the release of the latest FOMC Minutes, which showed that all Fed’s policymakers decided not to change rates anytime soon, the US dollar has been strengthening as markets …
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22 November 2023 3:57 pm
European stocks rise supported by the real estate and media sectors
European stocks rose to a two-month high on Wednesday, led by media and real estate stocks, and Sage Software jumped to a record high after announcing strong annual operating profits. The European STOXX 600 index rose 0.2 percent by 0807 GMT, after largely quiet trading so far this week. Real …
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22 November 2023 2:36 pm
Japan’s Nikkei index rises despite the faltering shares of chip manufacturers
Japan’s Nikkei index rose on Wednesday, recovering from declines recorded early in the session, as the decline in the yen supported shares of export companies, but shares of chip manufacturers fell. The Nikkei rose 0.29 percent to close at 33,451.83 points. The broader Topix index rose 0.44 percent. Cyber Agent …
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22 November 2023 1:22 pm
Gold declines to less than $2,000 after the dollar’s decline stopped
Gold prices fell on Wednesday to less than $2,000 as the dollar stabilized after its decline over the past few days, but expectations that the Federal Reserve had reached the end of the monetary tightening cycle limited the decline in gold prices. Gold fell in spot transactions by 0.1 percent …
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22 November 2023 12:12 pm
Dollar stabilizes and Yen fluctuates as traders evaluate US interest outlook
The dollar stabilized slightly on Wednesday, but remained not far from the lowest level in two and a half months against a basket of currencies after the statement of the latest Federal Reserve meeting did not indicate anything significant to rule out expectations that the interest rate hike cycle was …
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22 November 2023 1:59 am
Market Drivers – US Session, Nov. 21
Gold rose sharply despite steady yields and peaked at $2,007. It then pulled back toward the $2,000 area. The critical level to break is $2,010. The US dollar’s increase on Tuesday was seen as a corrective measure because the currency remains vulnerable until the market refocuses on the story of …
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22 November 2023 1:43 am
EUR/GBP sees worst trading day since July
The Pound Sterling is up against the Euro by 0.5%, while hawkish remarks from Bank of England policymakers have helped the pound to surge. Before Wednesday’s trading session, the Euro is trading near its lowest point and showing little signs of recovery. In testimony before the Treasury Committee of the …
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