Gold prices saw an increase on Tuesday as the US dollar weakened, with investors anticipating interest rate decisions from various central banks and key economic data from the United States later in the week. In spot transactions, gold rose by 0.5 percent to $2,030.64 per ounce by 0545 GMT, and …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
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Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
January, 2024
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23 January 2024 1:14 pm
Yen fell as the Bank of Japan maintained an easy monetary policy
The yen experienced a decline on Tuesday following the Bank of Japan’s decision to maintain its ultra-loose monetary policy at the conclusion of its two-day meeting, aligning with market expectations. The Japanese currency initially dropped by approximately 0.3 percent, reacting to the central bank’s decision to keep the short-term interest …
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23 January 2024 12:01 pm
Oil stabilizes amid mixed indicators regarding supplies
Oil prices experienced minimal changes on Tuesday as traders grappled with conflicting data on supply and demand, amidst rising tensions in the Middle East and disruptions to production in the United States due to cold weather issues. As of 03:53 GMT, Brent crude futures dipped by two cents to $80.04 …
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23 January 2024 3:18 am
Gold holds above $2,020 ahead eof key central bank meetings
Gold prices remain range-bound at $2021.48, trading at the time of writing. Markets are cautious ahead of a busy week of policy meetings with central banks, including the Bank of Japan. The US Dollar Index moves in a tight range around 103.32. The Fed Funds Futures market sees no change …
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23 January 2024 2:34 am
Market Drivers – US Session, Jan. 22
Monday’s market was driven by shifting trends in risk appetite. This week will see a lot of G10 central banks make interest rate decisions, which will likely affect the tone of the overall market as well as important US data releases and advanced PMIs. With fluctuating appetite for risk and …
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23 January 2024 1:26 am
Bank of Japan expected to hold rates amid need for hints on inflation status
The central bank of Japan unlikely to make a move on Tuesday, when it is anticipated to see no changes to the Bank of Japan’s key monetary policy settings, with the major focus being on how Governor Kazuo Ueda evaluates the progress made in achieving the sustainable inflation required to …
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23 January 2024 12:22 am
Treasury yields decline following upbeat data
US Treasury bond yields decline on Monday from record highs this year after positive batches of US data revived hope that a “soft landing” could be achieved by the Federal Reserve.The Consumer Confidence Index issued by the University of Michigan rose this January to 78.8 points, compared to the previous …
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22 January 2024 11:34 pm
European stocks extend recent gains amid recent FOMO wave
In general, European indices surged to begin the new business week. In a nod to last week’s bidding fervor, risk appetite is driving stocks higher. Investors suffering from FOMO are prioritizing stocks above data threats.Monday saw gains in all of the European equity indexes as traders piled into the market …
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22 January 2024 10:22 pm
US dollar experiences mild losses ahead of PCE data
The Dollar Index, or DXY, is trading at roughly 103.20 and is slightly down. This week’s important US inflation and economic activity reports are due. The market’s predictions about the Fed’s rate cuts keep changing. At 103.25, the dollar is presently trading slightly lower. This small decline is due to …
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22 January 2024 8:35 pm
Canadian dollar has thin trading ahead of BoC decision
The Canadian dollar is experiencing limited momentum as markets flatten out in a quiet North American trading session. The Bank of Canada’s rate decision on Wednesday is expected to have a limited impact on the Canadian dollar. The latest New Housing Price Index figures from Canada are due in the …
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22 January 2024 4:42 pm
Gold is heading for its worst performance in six weeks
Gold prices are experiencing a global decline in current trading moments on Monday. Traders are eagerly awaiting the release of the Federal Reserve’s preferred inflation measure later this week, a factor that could impact the central bank’s decisions on interest rates and market expectations for the upcoming weeks. Last week, …
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22 January 2024 2:26 pm
European stocks open higher, focus on ECB decision
European stocks started the week on a positive note, reflecting the gains seen on Wall Street, where the Standard & Poor’s index reached a record high in the previous session. Traders are eagerly awaiting the upcoming monetary policy decision from the European Central Bank scheduled for later in the week. …
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22 January 2024 1:07 pm
Dollar struggles to maintain its gains and all eyes are on central bank meetings
On Monday, the dollar attempted to maintain its gains amid anticipated central bank decisions in Japan and Europe, as well as shifting market expectations about potential US interest rate cuts. Trading remained relatively calm, except for the yen, which moved away from a one-month low on Friday, rising to 147.74 …
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