Gold’s Resilience:Gold prices stabilized in Asian trading on Wednesday, benefiting from a weaker dollar as investors awaited key U.S. consumer inflation data. Federal Reserve Chair Jerome Powell’s remarks suggesting a pause in U.S. rate hikes contributed to the dollar’s decline, supporting gold’s overnight gains. Anticipation of CPI Data:Market focus shifted …
Read More »Trump Ends Canada Trade Talks After Reagan-Themed Ad Sparks Diplomatic Rift
U.S. President Donald Trump has abruptly terminated all trade negotiations with Canada, citing what …
Gold Prices Slip Below $4,110 as Investors Weigh Inflation Outlook and Fed Policy Path
Gold prices edged lower on Friday, extending their weekly decline as investors reassessed expectatio…
Oil Prices Secure Modest Weekly Gain as Market Awaits Demand Signals
Crude oil prices edged lower on Friday, capping a choppy week that still saw both major benchmarks p…
Bitcoin Climbs Above $111,000 as Trade Tensions Ease and Inflation Cools
Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, …
Wall Street Soars to Record Highs as Cooling Inflation Fuels Market Optimism
U.S. stocks roared to fresh record highs on Friday as investors cheered softer inflation data that b…
Inflation Ticks Up as Tariffs Push Prices Higher and Shutdown Clouds Economic Outlook
U.S. inflation crept slightly higher in September, signaling renewed price pressures across key sect…
Post-CPI Data: Dollar Strengthens Against Yen as U.S. Business Activity Outshines Inflation Slowdown
The U.S. dollar extended its winning streak against the Japanese yen on Friday, buoyed by robust bus…
US CPI Inflation Slows to 3% in September, Below Forecasts
US consumer inflation rose less than expected in September, offering fresh evidence that price press…
Wall Street Futures Edge Up as Trade Hopes Clash with Inflation Watch
U.S. stock futures advanced marginally on Friday as investors paused to await the highly anticipated…
Bitcoin Climbs Past $111,000 as Trade Tensions Ease and CZ Receives Trump Pardon
Bitcoin surged above the $111,000 mark on Friday, securing a likely weekly gain as global risk appet…
Market Analysis
May, 2024
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15 May 2024 10:32 am
Gold Steadies, Copper Hits Two-Year Highs as Markets Brace for U.S. Inflation Data
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15 May 2024 9:52 am
Asian Stocks Rise as Investors Await U.S. Inflation Data, Chinese Markets Weaken on Tariff Hike
Amid anticipation of key U.S. consumer inflation figures, most Asian stocks saw slight gains on Wednesday, although Chinese markets faced a downturn following the imposition of heightened tariffs by the Biden administration. U.S. Inflation Data Anticipation:Wall Street’s resilience to a hotter-than-expected producer price index reading provided a positive backdrop for …
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15 May 2024 4:24 am
Market Drivers; US Session, May 14
Ahead of the release of US CPI on Wednesday, market players were analysing sticky US producer prices and Chair Powell’s lukewarm stance, which caused the US dollar to continue its dismal start to the week and retreat to multi-day lows. The USD Index (DXY) continued to fall on Monday, breaking …
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15 May 2024 4:16 am
GBP/USD consolidates ahead of CPI data
The GBP/USD pair has consolidated its gains above 1.2580 during the early Asian session, with the major pair holding above the key 100-day Exponential Moving Average (EMA) but still capped under the 1.2600 hurdle. The US Consumer Price Index and Retail Sales report for April will be in the spotlight, …
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15 May 2024 3:07 am
CPI Preview: How Will US Inflation Data Influence Major Currencies?
The looming CPI data for April 2024 is practically intriguing and warrants close analysis. Its potential impact on major currency performance in the forex market is significant. In this report, we will look closely into the background of this crucial inflation data and explore its implications for currency price action, …
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14 May 2024 10:33 pm
Dow declines following US PPI data
The Dow Jones Industrial Average slipped back to 39,320.00 on Tuesday after US Producer Price Index (PPI) inflation came in higher than expected. Market sentiment recovered and dragged the DJIA back to even. However, a double-header of US Consumer Price Index (CPI) inflation and Retail Sales are still loaded for …
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14 May 2024 9:25 pm
Gold surges amid stronger safe haven appeal
Because of its continued appeal as a safe haven to central banks and investors, gold continues to find support in the face of geopolitical risk aversion. Tuesday sees a stabilization of the gold price in the $2,350s, trading at $2,352.14, up +0.69% at the time of writing, as demand for …
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14 May 2024 7:54 pm
EUR/USD rises as Powell emphasizes higher for longer rate policy
Despite resolute US PPI data that heightens doubts about September Fed rate cuts, the EUR/USD pair rises just above 1.0800. April’s US annual PPI beat forecasts and monthly data exceeded expectations. With service inflation moderating to 3.7%, the Eurozone Price Index is expected to reach 2% again soon. In the …
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14 May 2024 6:59 pm
Powell: PPI reading was quite mixed
Federal Reserve Chairman Jerome Powell speaks at a moderated discussion with De Nederlandsche Bank (DNB) President Klaas Knot at the Foreign Bankers’ Association’s Annual General Meeting in Amsterdam. US Dollar stays under modest bearish pressure following these comments. At the time of press, the US Dollar Index was down 0.2% …
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14 May 2024 4:43 pm
US PPI: April Records Yearly Increase
The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States witnessed a 2.2% rise yearly in April. This figure closely follows March’s increase of 1.8% (revised from 2.1%), aligning precisely with market expectations. The annual core …
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14 May 2024 2:41 pm
Market Insights: Currency Moves Await U.S. Inflation Data
Key Factors Driving Dollar Index The U.S. dollar steadied Tuesday, largely drifting ahead of the release of key inflation data that are likely to factor into the outlook for interest rates. At 03:30 ET (08:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, …
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14 May 2024 12:00 pm
European Stock Markets Retreat Amid Corporate Earnings and Awaited US Inflation Reports
European stock markets saw a modest retreat on Tuesday as investors absorbed corporate earnings updates and awaited the release of the latest US inflation reports. At 03:15 ET (07:15 GMT), Germany’s DAX index traded 0.1% lower, and France’s CAC 40 slipped 0.1%, while the UK’s FTSE 100 gained 0.1%. Despite …
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14 May 2024 10:49 am
Gold Prices Rebound Slightly in Asian Trading Amid Focus on US Inflation Data
Gold prices inched up in Asian trading on Tuesday, recovering from recent losses as market attention remained fixed on the impending release of US inflation data, which could provide further insights into the trajectory of interest rates. Despite showing some strength last week, gold remained below its record levels reached …
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