The AUD/USD surged higher on Monday, rising by 0.70% to 0.6600 amid expectations of a hawkish Reserve Bank of Australia (RBA) policy decision and uncertainty surrounding the US presidential election. The US Dollar weakened on speculation of a Kamala Harris victory and the Federal Reserve’s dovish rate cut bets.Economic Data …
Read More »Bank of England Holds Rates at 3.75%, Split Vote Signals Cuts Ahead
The Bank of England kept interest rates unchanged at its first policy meeting of the year on Thursda…
Alphabet Beats Earnings Estimates but Massive 2026 Capex Forecast Weighs on Shares
Alphabet (NASDAQ:GOOGL) topped Wall Street expectations on both earnings and revenue for the fourth …
European Stocks Mixed as Earnings Take Center Stage Ahead of ECB, BoE Decisions
European equity markets traded in a mixed fashion on Thursday, as investors weighed overnight weakne…
Bitcoin Slides Toward $70,000 as Thin Liquidity and Tech Stock Rout Hit Risk Assets
Bitcoin slumped nearly 8% on Thursday, falling toward the $70,000 level as thinning liquidity and a …
Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus
U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chi…
Gold Retreats in Asia as Silver Suffers Sharp Selloff on Dollar Strength
Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunge…
Recent Bitcoin Crash Signals a Deeper Crisis
Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over th…
Fed’s Lisa Cook Flags Inflation Risks Amid Steady Growth
U.S. Federal Reserve Governor Lisa Cook said Wednesday that risks remain tilted toward higher inflat…
Why US Stocks Fell Despite the End of the Government Shutdown
Relief Rally That Never Showed Up: Risk sentiment initially improved after the partial US government…
Gold Pulls Back as US Dollar Gains and Geopolitical Tensions Ease
Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as th…
Market Analysis
November, 2024
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5 November 2024 12:13 am
Market Drivers; US Session
US Election Driving Market Sentiment WorldwideThe US Dollar Index (DXY) weakened early this week as investors unwound positions related to the “Trump trade” and grew cautious ahead of the US election on Tuesday and the FOMC meeting on Thursday.Key Currency Pairs and Economic Events:EUR/USD: The pair climbed above 1.0900, but …
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4 November 2024 10:34 pm
Dow Jones Dips Amid Election Uncertainty and Fed Rate Cut Expectations
The Dow Jones Industrial Average (DJIA) declined over 0.29% on Monday, as investors grapple with uncertainty surrounding the US presidential election and the Federal Reserve’s upcoming rate decision.Market Volatility and Election ConcernsRecent fluctuations in election polls have heightened market volatility. The CBOE Volatility Index (VIX) has surged above 20, indicating …
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4 November 2024 7:44 pm
After Pennsylvania polls, US dollar hits a new nine-day low
Monday saw a decline in the value of the US dollar as Ipsos surveys predicted that Vice President Kamala Harris will win the US presidential election. With the FOMC meeting taking place amid uncertainties surrounding the US presidential election, traders are in for a highly tumultuous week. The US dollar …
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4 November 2024 4:03 pm
U.S. Stock Futures Rise Slightly as Election Week Begins
U.S. stock index futures ticked higher Monday morning as markets brace for a high-stakes week that includes the closely contested U.S. presidential election and a Federal Reserve policy meeting. At 06:10 ET, Dow Jones Futures were up by 60 points (0.1%), S&P 500 Futures rose by 12 points (0.2%), and …
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4 November 2024 2:02 pm
Germany’s Manufacturing Sector Shows Signs of Stabilization Amid Continued Contraction
The decline in Germany’s manufacturing sector moderated in October, with the HCOB Germany Manufacturing PMI edging up to 43.0 from September’s 40.6, marking a three-month high. However, this index, compiled by S&P Global, remains well below the neutral 50-point level, signaling ongoing contraction. Key Points from October PMI Data Output …
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4 November 2024 12:24 pm
European Stocks Hold Steady as Key Events Unfold Globally
European markets traded in a narrow range on Monday, reflecting investor caution at the start of a significant week that includes the U.S. presidential election, Federal Reserve and Bank of England interest rate decisions, and further corporate earnings reports. Market Overview Germany’s DAX: Down by 0.1%. France’s CAC 40: Fell …
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4 November 2024 11:09 am
Oil Prices Surge as OPEC+ Delays Output Hike Amid Demand Concerns
Oil prices saw a sharp rise in Asian markets on Monday following OPEC+’s decision to delay its planned production increase for December by at least one month. This move comes as the cartel aims to counter downward pressure on oil prices due to weaker demand, particularly from China. Market Reactions: …
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4 November 2024 10:26 am
Asian Markets Rise as China’s NPC Meeting Fuels Fiscal Stimulus Hopes
Most Asian stocks saw gains on Monday as investors awaited potential fiscal support announcements from China’s top policymakers. However, the rise was cautious, with investors also bracing for the U.S. Federal Reserve meeting and the upcoming U.S. presidential election. Key Developments: Low Trading Volumes: Market activity was subdued due to …
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4 November 2024 12:03 am
Weekly Recap: Q3 Earnings, Labour Data In Play Ahead of US Election Uncertainty
US Election Looms LargeThe upcoming US presidential election has cast a shadow of uncertainty over the global markets. As the two candidates remain neck-and-neck, investors brace for potential market volatility, especially in the immediate aftermath of the election. The USD/JPY pair has been particularly volatile, with the yen strengthening following …
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2 November 2024 2:19 am
China’s Dwindling Economic Momentum: A Deep Perspective
China’s economic growth has been slowing, prompting policymakers to consider a significant stimulus package. While a proposed 10 trillion yuan ($1.4 trillion) fiscal stimulus could provide a temporary boost, concerns persist about its long-term efficacy and its ability to address the underlying structural issues.The Limits of Stimulus The Chinese government’s …
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2 November 2024 1:26 am
What implications could US presidential elections have for Fed policy?
The election has significant implications for Fed policy in 2025, with a Trump victory potentially ensuring a lower tax environment that boosts sentiment and spending in the near-term. However, promised tariffs, immigration controls, and higher borrowing costs will become headwinds through his presidential term. Conversely, a Harris victory implies continuity, …
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1 November 2024 11:58 pm
DXY: Uncertain Path Amid Economic Crosscurrents
The US Dollar, once an unfaltering symbol of global financial stability, has recently exhibited a volatile performance. While it initially surged on the back of aggressive interest rate hikes by the Federal Reserve, it has since retreated as market expectations for future tightening have moderated. The confluence of economic factors, …
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