The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …
Read More »European Stocks Tread Water as Earnings Deluge Nears End, Inflation Data in Focus
European equities traded cautiously on Friday, as investors weighed a fresh batch of corporate earni…
Bitcoin Slips Again as Risk Aversion Bites, Crypto Heads for Fifth Straight Month of Losses
Bitcoin fell on Friday, halting a brief rebound from midweek lows as fragile risk appetite continued…
Gold Set for Strong February Finish as Geopolitical Tensions and Economic Uncertainty Fuel Safe-Haven Demand
Gold prices steadied in Asian trading on Friday and were on track to post solid gains for February, …
Behind the Scenes: Netflix Steps Aside as Paramount Moves to Seize Warner in $31 Share Showdown
In a dramatic twist that could redraw the map of global entertainment, Netflix has declined to raise…
Explainer: Geneva Talks Signal a Critical Crossroads As Diplomacy Weigh Market Sentiment
The nuclear negotiations between the United States and Iran on February 26, 2026, in Geneva were not…
Euro Slips Under Pressure from Stronger Dollar
The weaker than expected Eurozone data weighs on market sentiment on Thursday. The euro fell against…
Gold Defies Strong Dollar as Middle East Tensions and Rate Cut Hopes Fuel Demand
Gold remained steady above $5,170 as heightened tensions in the Middle East sustained investor deman…
Wall Street Wavers as AI Fears Shake Tech Stocks
While institutional investors have been selling off software stocks amid concerns about artificial i…
Dollar Pulls Back Against Yen as Rate Expectations Clash Across the Pacific
The US Dollar eased against the Japanese Yen on Thursday, retreating after two consecutive days of g…
Crude Oil Caught Between Diplomacy and Oversupply
Oil prices steadied after recent losses, as traders weighed rising geopolitical tensions against cle…
Market Analysis
September, 2024
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26 September 2024 9:42 pm
Strong US Economic Data Fuels Market Rally
The S&P 500 reached a new all-time high on Thursday, buoyed by positive economic indicators and strong corporate performance. This surge suggests a robust economy that may alleviate concerns about an aggressive Federal Reserve interest rate cut.Key Economic Indicators Point to a Healthy Economy: Several economic data points contributed to …
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26 September 2024 7:24 pm
GBP/USD Recovers, Aims for 1.3400 on Upbeat Sentiment
GBP/USD gains 0.59%, trading at 1.3394 after rebounding from a daily low of 1.3312. Break above 1.3400 could push the pair towards the YTD high of 1.3437 and further resistance at 1.3500. Failure to reclaim 1.3400 may lead to testing the September 25 low of 1.3312.The Pound Sterling climbs over …
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26 September 2024 5:44 pm
Analysis of Powell’s Speech: Significance and Key Themes
The speech delivered by Fed Chair Jerome Powell at the 10th Annual US Treasury Market Conference marks a significant milestone in the understanding and regulation of the US Treasury market. It provides a historical context for the conference’s inception, highlights the market’s crucial role in the economy, and underscores the …
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26 September 2024 3:15 pm
U.S. Dollar Consolidates After Sharp Rebound; Eyes on Federal Reserve Speeches
The U.S. dollar edged lower on Thursday as traders awaited more speeches from key Federal Reserve policymakers, following a sharp rally in the previous session. The Dollar Index, which measures the greenback against a basket of six other currencies, was down 0.1% to 100.565 as of 04:40 ET (08:40 GMT). …
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26 September 2024 12:48 pm
Swiss National Bank Cuts Interest Rates Amid Taming Inflation
On Thursday, the Swiss National Bank (SNB) announced a 25 basis point cut to its interest rates, marking its third reduction this year. This adjustment brings the policy rate down to 1.00%, the lowest level since early 2023. The decision aligns with similar moves by the European Central Bank and …
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26 September 2024 11:41 am
Oil Prices Decline as Saudi Arabia Signals Shift in Strategy
Oil prices fell on Thursday, reversing earlier gains as market sentiment was impacted by news that top exporter Saudi Arabia is planning to abandon its unofficial crude oil price target of $100 per barrel in preparation for expanded production. Market Overview Brent crude futures dropped by 55 cents, or 0.75%, …
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26 September 2024 11:03 am
Gold Prices Hold Steady Near Record Highs Ahead of Powell’s Address and Key U.S. Economic Data
Gold prices remained steady in Asian trade on Thursday, staying close to their recent record highs, as investors shifted their attention to Federal Reserve Chair Jerome Powell’s upcoming address and significant U.S. economic data releases. Spot gold rose by 0.2% to $2,661.78 an ounce, while December gold futures steadied at …
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26 September 2024 2:37 am
Market Drivers, US Session, September 25
Market Focus Shifts to Powell’s Speech and Key Economic Data The US Dollar Index (DXY) experienced a sharp increase, rebounding from recent lows. This rebound was fueled by a combination of factors, including expectations for a stronger US economy and potential adjustments to monetary policy.The US dollar staged a significant …
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26 September 2024 2:08 am
Swiss Franc Under Pressure Ahead of SNB Policy Meeting
The Swiss Franc (CHF) is facing downward pressure as investors anticipate a potential interest rate cut by the Swiss National Bank (SNB) at its upcoming policy meeting. The USD/CHF pair has risen, reflecting market expectations for a more accommodative monetary stance from the SNB.SNB Rate Cut ExpectationsMarket participants are pricing …
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26 September 2024 12:53 am
Gold Price Stabilizes Amidst Rising US Treasury Yields
Gold prices have shown resilience despite rising US Treasury yields, maintaining a steady position above $2,650. The market’s increased expectation of further interest rate cuts by the Federal Reserve (Fed) has provided support to the precious metal. However, the strengthening US dollar and elevated Treasury yields have limited gold’s upside.Factors …
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25 September 2024 11:46 pm
Despite gains, bets on Fed could limit US Dollar’s uptrend
The market is still overestimating Fed easing even while the Fed is defying dovish expectations. S&P Global preliminary September PMIs came in above forecasts, indicating that the economy is still doing well. Fed representatives will make an effort to temper their dovish remarks. Amidst growing concerns of a recession, the …
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25 September 2024 9:43 pm
USD/JPY Experiences Emerging Bullish Trend
The USD/JPY currency pair has experienced a significant uptick, driven primarily by a surge in U.S. Treasury yields. While the pair’s overall trend remains bearish, recent technical indicators suggest a potential short-term reversal. Despite the recent rally, the USD/JPY pair continues to trade below the Ichimoku Cloud and the 200-day …
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