Gold prices are up a bit after hitting a three-week low overnight, while silver is slightly down after scoring a four-week low overnight. The marketplace is quieter just ahead of some important US economic data coming out today. February gold was last up $3.20 at $1,996.40. Gold is trading at …
Read More »Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Weak PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, th…
U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by…
Dollar Hits 2025 Low as Stocks Ease, Safe-Haven Assets Rise Amid Middle East Tensions and Trade Concerns
The U.S. dollar fell to a new low for 2025 on Thursday, while global stocks eased from record highs,…
U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions
U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the annou…
Britain’s Economy Slows Sharply in April Amid Tariff Impact and Tax Break End
Britain’s economy faced a significant slowdown in April, as official data released on Thursday showe…
Bitcoin Slips as Trade Deal Progress and Tariff Concerns Weigh on Sentiment
Bitcoin prices slipped on Thursday following comments from U.S. President Donald Trump, who confirme…
Gold Prices Surge Amid Iran Tensions and Trade Uncertainty
Gold prices saw a sharp rise in Asian trading on Thursday, as safe-haven demand surged due to escala…
Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
Markets buzzed with activity on June 11, 2025, as assets like gold, silver, and the Canadian Dollar …
Market Analysis
December, 2023
-
13 December 2023 7:47 pm
US dollar steadies ahead of FOMC decision, Powell’s remarks
The US dollar is expected to remain steady against major G20 currencies ahead of the US Federal Reserve meeting, with traders anticipating a firm pushback on rate cuts from the Fed. The official rate announcement and initial guidance will be released at 19:00 GMT, followed by a press conference with …
Read More » -
13 December 2023 6:32 pm
ECB: Shift Towards a More Dovish Stance Amidst Downward Inflation Trends
It indeed seems to be a busy week for central banks, with several major ones scheduled to report on their monetary policy decisions. The Federal Reserve (Fed) is set to lead the way with its two-day meeting starting on Wednesday, followed by the European Central Bank (ECB), Bank of England …
Read More » -
13 December 2023 5:07 pm
OPEC: “exaggerated” concerns about oil demand are the reason for the decline in prices
On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) expressed cautious optimism regarding the fundamental factors influencing the oil market in 2024. OPEC attributed the recent decline in oil prices to “exaggerated concerns” about demand. Despite the recent drop in prices, OPEC maintained its relatively high forecast for oil …
Read More » -
13 December 2023 2:42 pm
Limited movements for European stocks ahead of The Fed decision
On Wednesday, European stocks navigated within a narrow range as investors exercised caution in making riskier bets ahead of the Federal Reserve’s decision on interest rates and the future trajectory of monetary policy. The European STOXX 600 index recorded a slight increase of 0.1 percent by 0810 GMT. This modest …
Read More » -
13 December 2023 1:08 pm
Gold loses its luster with the rise of USD
Gold prices fell on Wednesday to the lowest level in more than three weeks as the dollar rose ahead of a Federal Reserve decision on interest rates and monetary policy indicators later on Wednesday. Gold fell in spot transactions 0.2 percent to $1,975.07 per ounce by 0711 GMT. US gold …
Read More » -
13 December 2023 12:27 pm
Japan’s Nikkei closed higher, supported by chip-related stocks
On Wednesday, Japan’s Nikkei average experienced its third consecutive session of gains, buoyed by the positive performance of chip-related companies like Advantest, following the upward movement on Wall Street the previous night. The Nikkei index increased by 0.25 percent, closing at 32,926.35 points, while the broader Topix index rose by …
Read More » -
13 December 2023 12:18 pm
Oil continues to decline amid fears of increased supply
Oil prices continued their descent in Asian trading on Wednesday, extending losses from the previous session where they fell over three percent to their lowest levels in six months. The decline is attributed to concerns about demand and excess supply in the market. As of 0621 GMT, Brent crude futures …
Read More » -
13 December 2023 1:12 am
Market Drivers – US Session, December 11
On Wednesday, all eyes will be on the Federal Reserve and Chair Powell. During the Asian session, New Zealand will disclose current account figures, and Japan will release the Tankan survey. The Producer Price Index (PPI) will provide more inflation data in the United States.On Wednesday, the Federal Reserve will …
Read More » -
13 December 2023 12:27 am
GBP/JPY was unable to extend its gain
The GBP/JPY pair was unable to maintain its gains for longer, resulting in the formation of a bearish candlestick pattern. Despite being neutral, a drop within the Kumo might cause the pair to continue its downturn.Buyers regaining a three-month-old resistance trendline might pave the way for a test of the …
Read More » -
12 December 2023 11:49 pm
Gold price tumbles ahead of FOMC decision
Gold price hit the daily high of $1996.73 but lost momentum post the US inflation report. The precious metal is trading around $1980 per ounce at the time of writing. The US Bureau of Labour Statistics revealed disinflation in the US, with mixed results in annual and monthly readings. Traders …
Read More » -
12 December 2023 10:49 pm
How does US dollar react to FOMC’s looming rate decision?
The US Dollar Index is trading with losses below the 104.00 mark, with a -0.23% decline around the 103.850s mark. Investors are awaiting the Fed’s interest rate decision on Wednesday, which is expected to announce a continued pause on interest rate increases, leaving rates unchanged. So, markets anticipate the Fed …
Read More » -
12 December 2023 10:02 pm
American Fed government posts $314 billion deficit in November
The US government recorded a $314 billion budget deficit in November, which was higher than the expected $301 deficit. The Treasury Department reported $275 billion in receipts and $589 billion in outlays. It compares to a $248 billion deficit in the same month last year.According to the Treasury Department, the …
Read More »