For this Monday’s trading session, the oil price is on the verge of turning a negative performance into a positive one. Early Thursday, prices fell as traders turned their attention to concerns about Chinese demand and the negotiations for a cease-fire in Gaza. Hedge funds that are long the Japanese …
Read More »European Stocks Mixed as Earnings Take Center Stage Ahead of ECB, BoE Decisions
European equity markets traded in a mixed fashion on Thursday, as investors weighed overnight weakne…
Bitcoin Slides Toward $70,000 as Thin Liquidity and Tech Stock Rout Hit Risk Assets
Bitcoin slumped nearly 8% on Thursday, falling toward the $70,000 level as thinning liquidity and a …
Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus
U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chi…
Gold Retreats in Asia as Silver Suffers Sharp Selloff on Dollar Strength
Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunge…
Recent Bitcoin Crash Signals a Deeper Crisis
Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over th…
Fed’s Lisa Cook Flags Inflation Risks Amid Steady Growth
U.S. Federal Reserve Governor Lisa Cook said Wednesday that risks remain tilted toward higher inflat…
Why US Stocks Fell Despite the End of the Government Shutdown
Relief Rally That Never Showed Up: Risk sentiment initially improved after the partial US government…
Gold Pulls Back as US Dollar Gains and Geopolitical Tensions Ease
Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as th…
ECB Poised To Hold Steady as Euro Strength and Growth Challenges Shape Policy
Interest Rates To Stay On Hold As Bank Adopts Cautious Stance: The European Central Bank (ECB) conve…
GBP/USD Awaits Bank of England as US Services Data Surprises
Sterling Consolidates Below 1.3700 Ahead of BoE DecisionThe British pound slipped against the US dol…
Market Analysis
August, 2024
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19 August 2024 6:58 pm
Gold Prices Slide from Record Highs on Concerns Linked to China’s Demand
Gold prices have pulled back from a historic peak above $2,500 per ounce. A combination of factors contributed to this decline:Increased Speculative Bets: Hedge funds and other large investors have significantly boosted their bullish positions in gold futures and options, reaching a four-year high. This suggests a potential market overbought …
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19 August 2024 3:00 pm
U.S. Stock Futures Edge Lower as Investors Await Powell’s Jackson Hole Speech
U.S. stock index futures dipped slightly on Monday as Wall Street took a breather following its strongest week of the year. Investors are now turning their attention to the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, which could provide crucial insights into the central …
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19 August 2024 12:59 pm
European Shares Flat as Investors Await Key Economic Data and Powell’s Speech
European shares opened flat on Monday, stabilizing after their best weekly performance in three months, as investors geared up for a data-heavy week. The primary focus is on U.S. Federal Reserve Chair Jerome Powell’s upcoming speech at the Jackson Hole symposium, which could provide insights into potential interest rate cuts. …
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19 August 2024 11:34 am
Oil Prices Decline Amid China Demand Concerns and Middle East Ceasefire Talks
Oil prices eased on Monday as concerns about weakening demand in China, the world’s largest oil importer, weighed on market sentiment. Investors were also closely monitoring the progress of ceasefire talks in the Middle East, which could potentially reduce supply risks. Brent crude futures fell 45 cents, or 0.56%, to …
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19 August 2024 9:59 am
Dollar Declines Broadly Ahead of Key Fed Meeting Minutes and Powell’s Speech
The U.S. dollar experienced a broad decline on Monday, with a particularly sharp drop against the Japanese yen, as investors anticipated a dovish tone in the Federal Reserve’s upcoming July policy meeting minutes and Chair Jerome Powell’s speech at the Jackson Hole Symposium. The greenback fell over 1% to 146.01 …
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19 August 2024 6:42 am
Financial Markets Weekly Recap: Market Resilience Amidst Cooling Inflation, Steady Growth
The past week has witnessed a notable rebound in equity markets, with the S&P 500 and the Canadian TSX surging over 6.5% and 5%, respectively, from their August 5 lows. This resurgence appears to be primarily driven by two key factors: a continued moderation in inflation and a resilient economic …
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17 August 2024 4:44 am
Gold’s Meteoric Surge: $2,500 and Counting
Gold prices have shattered yet another record, soaring above the $2,500 an ounce mark. This unprecedented surge has investors and analysts alike wondering if the precious metal is on course for even higher heights. Spot gold is trading at $2,506.84 at the time of writing. Gold futures surpassed 2,537.8 at …
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17 August 2024 2:42 am
Retail Sales Reignite Interest Rate Bets
A fresh batch of data eagerly awaited by markets to clarify the Federal Reserve’s future monetary policy path, eliminating uncertainty around potential interest rate cuts, their magnitude, and related factors, is the US retail sales figures.Fed rate cut expectations entered a new phase where investors, observers, and analysts alike are …
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17 August 2024 12:11 am
Stocks Cap Best Week of the Year After Early Sell-Off Reversal
US markets closed higher on Friday, securing the best week for stocks since November 2023. This comes after a rally on Thursday that erased losses suffered during the early August sell-off.Key Developments:All major indexes gained for the week, with the S&P 500 (^GSPC), Nasdaq Composite (^IXIC), and Dow Jones Industrial …
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16 August 2024 10:17 pm
US Dollar Slides Following Mixed Economic Data
The US Dollar (USD) experienced a decline on Friday, driven by a combination of factors including the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data. Let’s break down the key points:Consumer Sentiment Index:The University of Michigan’s Consumer Sentiment Index improved to 67.8 for …
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16 August 2024 9:27 pm
Powell Jackson Hole Speech Poised To Set the Stage for September Rate Cut
Federal Reserve Chair Jerome Powell is expected to easily find his way to news headlines next week’s annual economic symposium in Jackson Hole, Wyoming. The event, hosted by the Kansas City Fed, brings together global central bankers and provides a platform for assessing economic trends and monetary policy.Economic Assessment: Powell’s …
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16 August 2024 8:24 pm
USD/JPY retreats after Consumer Sentiment data
On Friday, the USD/JPY fluctuated once again below 149.00 as risk appetite stabilized. To close the trading week, there is selling pressure on the US dollar everywhere. Next week will bring Jackson Hole and national inflation data from Japan.Friday saw a slight decline in USD/JPY, with a morning drop below …
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