The Japanese Nikkei index ended the last trading session of a turbulent week with a slight decline on Friday, and oscillated between rise and fall during the session, thus recording the worst quarterly performance since mid-2022. The selling of shipping company shares after the right to distribute cash dividends expired, …
Read More »Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
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 …
Market Analysis
September, 2023
-
29 September 2023 11:02 am
Japan’s unemployment rate stabilizes at 2.7% in August
Government data showed on Friday that Japan’s unemployment rate held steady at 2.7 percent in August compared with the previous month. The seasonally adjusted unemployment rate compares with the average forecast of 2.6 percent by economists in a Reuters poll.
Read More » -
29 September 2023 2:06 am
Market Drivers – US Session, September 28
During the Asian session, Japan will release critical economic reports, including the September Tokyo Consumer Price Index, August Unemployment Rate, Industrial Production, Retail Sales, and Housing Starts. Australia will release Private Sector Credit data, while Germany will release Retail Sales and the Unemployment Rate. The Eurozone CPI will be the …
Read More » -
29 September 2023 1:57 am
GBP/USD made a modest comeback
On Thursday, the GBP/USD made a modest comeback, recovering to the 1.2200 mark. Analysts expect the GBP to depreciate longer term, with many institutions anticipating a reversal to the main handle of 1.2000.The UK GDP results, which are scheduled to be released on Friday, are anticipated to remain constant at …
Read More » -
29 September 2023 1:08 am
EUR/USD advances ahead of EU CPI, US PCE inflation
On Thursday, the EUR/USD pair surged as the Dollar Index decreased. As rate rise cycles come to an end, analysts anticipate greater Euro depreciation. With important US and EU inflation numbers on Friday, the trading week will come to an end.On Thursday, the EUR/USD reached an intraday high of 1.0580 …
Read More » -
28 September 2023 11:57 pm
CAD expects USD to decline even further
The US currency, which has little velocity, and the price of crude oil are closely tracked by the Canadian dollar. The USD/CAD pair is essentially flat for the day on Thursday, falling 0.2% at its low point, and it appears that consolidation is imminent near 1.3500. The final figures for …
Read More » -
28 September 2023 10:38 pm
US oil retreats from a 12-month peak on profit taking, hawkish Fed
Despite encouraging US economic data, and at the time of writing, WTI crude has dropped 2.17% to $90.77 from a 12-month high of $94.99. Despite slowing inflation, the US economy grew by 2.1% in the second quarter and is projected to rise by 4.9% in the third. However, as Republicans …
Read More » -
28 September 2023 8:40 pm
Wall Street ticks higher as investors digest US GDP data
US stocks rose on Thursday, looking to recover some losses after the Fed’s higher for longer stance on interest rates drove markets lower over the past week. The S&P 500 rose about 0.6%, while the Dow Jones popped about 0.5%. The tech-heavy Nasdaq Composite led gains, adding 0.8%. A fresh …
Read More » -
28 September 2023 7:51 pm
Gold extends losses as Fed policymakers back more rate hikes
Gold prices are experiencing a selloff as Fed policymakers reiterate their hawkish stance on interest rate outlook. The US economy’s strength due to a tight labor market and strong consumer spending supports the Fed’s hawkish stance. The precious metal is trading at $1863 per ounce at the time of writing.The …
Read More » -
28 September 2023 4:14 pm
The US economy grew 2.1% in Q2
The final reading of America’s gross domestic product revealed that the economy grew by about 2.1%, which is the same levels as the second reading. The US economy grew by about 2.2% in the first quarter of this year and by 6.2% in the second quarter of 2022. The data …
Read More » -
28 September 2023 3:15 pm
Gold is trading at a 6-month low
Gold prices traded at their lowest level in 6 months during Thursday’s session, recording levels below $1,900 per ounce. Gold’s losses coincided with a rise in the dollar and the yield on US Treasury bonds. The dollar recorded its highest level in 10 months against a basket of major currencies …
Read More » -
28 September 2023 1:46 pm
European stocks open higher supported by a rise in energy company stocks
European stocks rose slightly on Thursday, supported by gains in energy stocks as oil prices rose while investors awaited inflation data from Germany, the euro zone’s largest economy. The European STOXX 600 index rose 0.1 percent by 0705 GMT, after five consecutive sessions of losses, and the German DAX index …
Read More » -
28 September 2023 12:19 pm
USD is stable near the highest level in 10 months and continues to pressure JPY
The dollar stabilized near its highest level in ten months against a basket of currencies on Thursday, keeping the yen near an area that may require intervention by the authorities to support it, amid investors’ assessment of the impact of positive US economic data and new statements from Federal Reserve …
Read More »