European stocks were affected for the third day in a row on Wednesday by the significant effects on US and European stock returns in general due to the presence of a large number of investors for the idea and thus the severe negative impact of the small run out. The …
Read More »Tariff Tango Continues: Eurozone Trade Sees Slight Surplus Boost Amidst Uncertainty
The Eurozone’s trade landscape presented a mixed picture in January, with a slight widening of…
Canada’s Inflation Rises to 2.6% in February, Exceeding Expectations
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the e…
Oil Prices Climb on Middle East Tensions and China’s Stimulus Plans
Oil prices surged over 1% on Tuesday, reaching their highest levels since early March, as geopolitic…
European Markets Inch Higher Ahead of German Debt Vote and Trump-Putin Talks
European stock markets edged higher on Tuesday as investors focused on a pivotal vote in the German …
Bitcoin Drops as Traders Await Federal Reserve Decision
Bitcoin fell on Tuesday, extending its cautious performance from the previous session, as investors …
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 …
Market Analysis
October, 2023
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4 October 2023 12:01 pm
Yen is close to 150 to USD amid speculation that authorities have intervened
On Wednesday, the Japanese yen fell slightly against the dollar after its unexpected rise in the previous session, which raised speculation that the Japanese authorities intervened to support the currency. The Japanese currency fell slightly to 149.12 to the dollar in early Asian trading, after jumping about two percent during …
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4 October 2023 11:18 am
Oil fell amid fears of rising interest rates and ahead of an OPEC+ meeting
Oil prices fell on Wednesday ahead of a meeting of a committee of OPEC+ ministers as the market balanced expectations of supply shortages with fears that higher interest rates would reduce demand for oil. Brent crude futures fell six cents to $90.86 a barrel by 0345 GMT, while US West …
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4 October 2023 3:29 am
US House Speaker Removed for First Time in History
It is the first time in the US history that House representatives have voted the Speaker out.US House Speaker, Kevin McCarthy, has been removed from office for first time in history.It follows a decision made by McCarthy over the weekend to cooperate with the Democrats to keep the government running …
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4 October 2023 2:07 am
Market Drivers – US Session, October 3
Gold fell for the seventh day in a row, reaching a low of $1,814 before reversing course and edging slightly higher to $1,825. After dropping more than 5% in the previous session, silver made a slight recovery to close at about $21.20.On Tuesday, the Yen increased, most likely as a …
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4 October 2023 1:15 am
WTI slightly recovers as supply constraints remain a concern
WTI is aiming to recoup $88.50 as energy prices show some improvement. Last week, crude oil fell sharply as a result of widespread risk-off flows that caused investors to flock to the US Dollar. Crude oil prices fell to a three-week low as the US Dollar Index reached a ten-month …
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4 October 2023 12:37 am
EUR/USD crosses new yearly lows ahead of EU Retail Sales, NFP
EUR/USD is trading near 1.0470, slightly weaker on Tuesday as traders prepare for a busy second half of the week. On Wednesday, the pair is expected to release US PMIs and EU retail sales data. The annualized EU PPI for August is predicted to decrease sharply, from -7.6% to -11.6%, …
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3 October 2023 10:40 pm
GBP/USD continues challenging the 1.2000 mark
The market’s overall sentiment is affected by worries about potential Federal Reserve moves. On Wednesday, S&P Global will publish the final projections for the September PMIs. The GBP/USD pair encounters sellers around roughly 1.2100 as the USD is in high demand. The pair is trading at 1.2082 at the time …
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3 October 2023 9:00 pm
Canada’s dollar sinks on US dollar’s momentum
The Canadian dollar continues to sink against the US dollar due to broad-market risk-off flows. Oil-dependent Canadian dollar is receiving only minor support from crude oil prices, which are seeing a minor rebound after halting a three-day decline. Canada has both Purchasing Manager Index (PMI) and Employment Rate figures due …
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3 October 2023 7:22 pm
Fed’s Bostic sees no urgency for doing anything more about interest rate
Commenting on the Federal Reserve’s policy outlook, “I am not in a hurry to raise, not in a hurry to reduce either,” Atlanta Fed President Raphael Bostic said. “I am willing to be patient. I don’t think there is an urgency for us to do anything more,” he added. As …
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3 October 2023 4:33 pm
Potential Market Reactions to a US Government Shutdown
The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …
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3 October 2023 2:23 pm
Gold falls for seventh session on Fed’s continued hawkishness
Gold selling continued on Tuesday and recorded the longest losing streak since August 2022 in the last session after Federal Reserve (US central bank) officials confirmed the possibility of interest rates remaining high, while job vacancy data in the United States is released later on Tuesday. Gold fell in spot …
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3 October 2023 1:28 pm
European stocks are under pressure as US bond yields continue to rise
European stocks extended losses on Tuesday as rising US Treasury yields and the dollar pressured high-risk assets such as stocks and commodities, while a pessimistic outlook from the financial brokerage sector weighed on fashion retail companies. Strong economic data and the US Congress’ approval of a financing bill to avoid …
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