On Monday, the Dow Jones Industrial Average increased by more than 150 points. As market sentiment rises, stocks are gaining ground. Fears of a recession have subsided in the wake of positive US data.As US market indices often gain ground, the Dow Jones Industrial Average (DJIA) increased by more than …
Read More »BoE’s Bailey Signals Scope for Rate Cuts After Narrow 5–4 Hold Vote
Bank of England Governor Andrew Bailey struck a cautiously dovish tone on Thursday after the central…
Bank of England Holds Rates at 3.75%, Split Vote Signals Cuts Ahead
The Bank of England kept interest rates unchanged at its first policy meeting of the year on Thursda…
Alphabet Beats Earnings Estimates but Massive 2026 Capex Forecast Weighs on Shares
Alphabet (NASDAQ:GOOGL) topped Wall Street expectations on both earnings and revenue for the fourth …
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…
Market Analysis
August, 2024
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19 August 2024 10:26 pm
EUR/USD Surges on Dovish Fed Outlook, Softer Dollar
Despite trading 1.1084, at the time of writing, the EUR/USD currency pair climbed higher on Monday, reaching levels near 1.1030, driven by growing expectations of a potential interest rate cut by the Federal Reserve as early as September.Recent economic data in the United States has painted a mixed picture. While …
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19 August 2024 9:24 pm
The China Hangover: A Global Economic Headache
China’s rapid ascent from a developing nation to a global economic powerhouse in the early 21st century was nothing short of astonishing. Fueled by massive investments and a seemingly insatiable appetite for commodities, the country became the world’s factory and a key driver of global growth. This era witnessed a …
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19 August 2024 7:35 pm
Oil at the threshold of green territory ahead of Fed’s Jackson Hole
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 …
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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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