The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …
Read More »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…
ECB Poised To Hold Steady as Euro Strength and Growth Challenges Shape Policy
Interest Rates To Stay On Hold As Bank Adopts Cautious Stance: The European Central Bank (ECB) conve…
GBP/USD Awaits Bank of England as US Services Data Surprises
Sterling Consolidates Below 1.3700 Ahead of BoE DecisionThe British pound slipped against the US dol…
Market Analysis
September, 2024
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25 September 2024 9:43 pm
USD/JPY Experiences Emerging Bullish Trend
The USD/JPY currency pair has experienced a significant uptick, driven primarily by a surge in U.S. Treasury yields. While the pair’s overall trend remains bearish, recent technical indicators suggest a potential short-term reversal. Despite the recent rally, the USD/JPY pair continues to trade below the Ichimoku Cloud and the 200-day …
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25 September 2024 8:13 pm
Will Looming Economic Data Affect Fed’s Decisions on Interest Rates?
Earlier this week, Federal Reserve officials said that the US economy remains strong, but that they will be monitoring upcoming data for warning signs. Officials said they need to keep close tabs on job market data and ensure inflation doesn’t reignite. The Federal Reserve’s recent aggressive interest rate cuts, aimed …
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25 September 2024 7:09 pm
Euro Retreats Against US Dollar as Fed Cuts Interest Rates
EUR/USD retreats below 1.1200, trading at 1.1131 at the time of writing, as the Euro responds to deepening worries over Eurozone economic growth. Earlier on Tuesday, the Euro has strengthened against the US Dollar as investors anticipate further interest rate cuts by the Federal Reserve (Fed). This trend is fueled …
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25 September 2024 2:36 pm
U.S. Stock Index Futures Edge Lower as Investors Eye Federal Reserve Updates
U.S. stock index futures saw a slight decline on Wednesday, as investors took a pause after recent record highs and shifted their focus toward upcoming signals from the Federal Reserve on interest rate movements. As of 05:50 ET (09:50 GMT), Dow Jones Futures fell by 25 points, or 0.1%, while …
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25 September 2024 12:07 pm
European Shares Dip as China’s Stimulus Rally Fades; Tech and Oil Stocks Weigh
European shares opened lower on Wednesday as the rally fueled by China’s recent stimulus package lost momentum. A pullback in technology and oil stocks added to the losses, reflecting the cautious mood among investors. The pan-European STOXX 600 index dropped by 0.3% to 518.06 by 0712 GMT, reversing some of …
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25 September 2024 11:23 am
Oil Prices Slip Amid Concerns Over China’s Stimulus Impact and Broader Economic Worries
Oil prices dipped on Wednesday as investors reassessed the potential impact of China’s recent stimulus measures on its economy and questioned whether these steps would be sufficient to drive significant fuel demand growth in the world’s largest crude importer. By 0415 GMT, Brent crude futures fell by 17 cents, or …
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25 September 2024 10:11 am
Bitcoin Nears Key Breakout as Global Monetary Easing Boosts Risk Appetite
Bitcoin’s price surged on Wednesday, driven by a wave of global monetary easing that funneled more investments into risk-driven assets. The world’s largest cryptocurrency is now eyeing a major breakout, supported by recent stimulus measures from China and expectations of interest rate cuts from both the Swiss and Swedish central …
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25 September 2024 9:30 am
Asian Stocks Rise as Chinese Stimulus Sparks Optimism
Most Asian stock markets experienced gains on Wednesday, buoyed by a series of new stimulus measures unveiled by Beijing aimed at bolstering economic growth. The positive momentum from Wall Street, where technology stocks drove the S&P 500 and the Dow Jones Industrial Average to record highs, also contributed to the …
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25 September 2024 12:58 am
Market Drivers; US Session, September 24, 2024
The global financial markets experienced a significant surge on Tuesday, buoyed by China’s aggressive stimulus measures and continued interest rate cuts by the Federal Reserve. The S&P 500 and Dow Jones Industrial Average both reached new all-time highs, while Chinese stocks soared in response to the economic stimulus.Key Drivers of …
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25 September 2024 12:46 am
Stock Market Higher on China’s Stimulus, Fed Rate Cuts
The US stock market continued its upward trajectory, with both the S&P 500 and Dow Jones Industrial Average hitting fresh record highs on Tuesday. This surge was primarily driven by China’s aggressive stimulus measures and ongoing Federal Reserve rate cuts.China’s Stimulus Ignites Global Markets:China’s announcement of a significant stimulus package, …
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25 September 2024 12:19 am
XAU hits a record high as US consumer confidence declines
Amidst a decline in US consumer confidence and a falling US dollar, gold reaches a new all-time high of $2,655, with XAU/USD trading at $2,651. Fed Governor Michelle Bowman suggests reducing interest rates gradually. Middle East geopolitical unrest also increases demand for gold as a safe haven, pushing the price …
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24 September 2024 11:46 pm
China Launches Stimulus to Bolster Flagging Economy
China’s People’s Bank of China (PBOC) Governor Pan Gongsheng has announced plans to lower borrowing costs and allow banks to increase lending, following disappointing data that has raised expectations that the world’s second-largest economy will miss its 5% growth target this year. The move comes after a series of disappointing …
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