The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …
Read More »Euro Regains Balance as the U.S. Dollar Loses Steam
The euro managed to find its footing on Wednesday after three consecutive days of losses, recovering…
Oil Prices Climb on Trade Optimism and Supply Concerns
Oil prices advanced for a second consecutive session on Wednesday, supported by optimism surrounding…
Pound Slides as U.K. Inflation Holds Steady, Boosting BoE Rate Cut Bets
The British pound weakened on Wednesday, falling against both the U.S. dollar and the euro, after of…
U.S. Futures Steady as Earnings Season Rolls On; Netflix Misses Margin Target, Tesla in Focus
U.S. stock index futures were largely unchanged early Wednesday, as investors digested a fresh wave …
Gold Prices Stabilize After Sharp Sell-Off as Trade Optimism Tempers Haven Demand
Gold prices steadied in Asian trading on Wednesday, recovering slightly from steep overnight losses …
European Stocks Dip as Ukraine Peace Prospects Fade; U.K. Market Supported by Inflation Data
European equities traded mostly lower on Wednesday, weighed down by fading hopes for a Ukraine peace…
U.K. Inflation Holds Steady in September, Offering Temporary Relief to BoE Policymakers
U.K. inflation remained unchanged in September, easing pressure on the Bank of England (BoE) ahead o…
US Session Recap: Commodities Take A Significant Hit
Global financial markets saw a significant shift as the US Dollar (USD) staged a solid comeback, enj…
Q3 Earnings: Netflix’s Revenue Climbs 17% Amid Earnings Shortfall from Brazilian Tax Issue
Netflix unveiled its third-quarter 2025 financial results on October 21, emphasizing revenue growth …
Traders Bet on Further US Treasury Rally as Yields Slide and Shutdown Fuels Flight to Safety
Bond traders are increasingly positioning for a deeper decline in U.S. Treasury yields, even after t…
Market Analysis
April, 2024
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18 April 2024 10:56 pm
XAU/USD boosted on increased central bank purchases
Gold futures continue to rise since the beginning of daily trading on Thursday, driven by increased demand for the precious metal by central banks worldwide. No tangible developments have taken place regarding the current situation in the Middle East since Iran launched attacks on Israel with missiles and drones, and …
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18 April 2024 9:56 pm
Treasury yields climbs after Fed’s Williams remarks
The slightest suggestion of an interest rate hike by a Federal Reserve official ended the US bond market’s rebound. John Williams, the president of the New York Fed, stated that another rate hike is not his base case on Thursday in answer to a question during a conference in Washington. …
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18 April 2024 8:57 pm
EUR/USD drops following ECB members’ dovish remarks
The euro’ rebound is unable to rise over 1.0647, down -0.24%, as ECB policymakers hint at a rate cut in June. Strong employment numbers in the US and some hawkish remarks made by Fed’s Williams have given the USD a new lease on life. The EUR/USD exchange rate is still …
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18 April 2024 8:09 pm
Sterling drops amid downbeat market sentiment
The Pound Sterling has fallen against the US Dollar amid a dismal market mood, with investors seeing the Bank of England (BoE) delaying rate cuts. UK’s stable wage growth is limiting the slowdown in price pressures, while the US Dollar corrects despite the Fed’s stance towards keeping interest rates higher …
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18 April 2024 7:03 pm
Crude oil poised to close unchanged amid geopolitical tensions
WTI Oil sell-off gets nearly fully erased at the start of the US trading session. Oil prices are erasing earlier losses after harsh rhetoric from Iran which said it is ready to respond when Israel should retaliate.More specific, Iran vowed to target several nuclear sites in Israel, which would mean …
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18 April 2024 4:50 pm
Gold rises with the decline of the dollar and political tensions
On Thursday, gold prices climbed, driven by a weakened dollar and heightened geopolitical tensions in the Middle East. These factors offset concerns about a potential decrease in US interest rates this year. Spot gold rose by 0.8 percent to $2,379.33 per ounce by 1001 GMT, following its peak at $2,431.29 …
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18 April 2024 3:54 pm
Nikkei ends losing streak as chip sector shares rise
On Thursday, Japan’s Nikkei index rebounded, marking its first ascent in four sessions. Chip stocks, initially down, reversed their losses, and banking shares saw gains. Closing at 38,079.70 points, the Nikkei climbed by 0.31 percent after dipping by 0.83 percent earlier in the session. Despite this rise, the index still …
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18 April 2024 2:45 pm
Eurozone’s February Surplus Shrinks, German Economy Shows Recovery Signs
In February, the Eurozone’s current account surplus dipped to €29.5 billion, down from €39.4 billion previously. While goods and services showed surpluses, secondary and primary income recorded deficits. Germany, a key player, hinted at economic growth in Q1, thanks to unexpected boosts from industry and construction. However, concerns linger over …
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18 April 2024 12:31 pm
European stocks rise supported by the industrial sector
On Thursday, European stocks witnessed a rise, buoyed by the industrial sector’s performance, fueled by positive results from ABB Group. However, Sartorius shares faced a significant decline on the German stock exchange following a quarterly drop in orders. The European STOXX 600 index advanced by 0.2 percent as of 0717 …
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18 April 2024 11:52 am
US Dollar is breathing as investors focus on rates
On Thursday, the dollar experienced a decline as traders assessed the trajectory of interest rates in the United States, spurred by statements from Federal Reserve officials reinforcing expectations of an extended period of monetary tightening. Recent weeks saw the dollar strengthening, propelled by a series of robust US economic data …
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18 April 2024 10:53 am
Oil rises after the re-imposition of US sanctions on Venezuelan oil
Oil prices rose in early trading on Thursday, slightly paring losses from the previous session, after the United States said it would reimpose oil sanctions on Venezuela at a time when the European Union signaled new sanctions on Iran. By 0053 GMT, Brent crude futures rose ten cents, or 0.11 …
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18 April 2024 10:27 am
Gold shines amid geopolitical tensions that enhance the demand for safe havens
Gold prices climbed on Thursday, driven by escalating fears of a widening conflict in the Middle East, which bolstered demand for safe-haven assets. This trend offset concerns about the possibility of prolonged high interest rates in the United States. At 0429 GMT, spot gold rose by 0.6 percent to $2,374.97 …
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