Amid difficulties in Russian refining and shipping across the Red Sea, Shell reported a $7.7 billion profit for the first quarter, exceeding estimates and driving higher oil trading and liquefied natural gas production. Over the following three months, Shell intends to repurchase $3.5 billion worth of shares, continuing at the …
Read More »Bitcoin Sinks Below $90K Amid Fed Uncertainty; Cloudflare Outage Adds to Market Strain
Bitcoin slid to its lowest level in nearly seven months on Tuesday, briefly breaching the $90,000 th…
Wall Street Extends Losses as Nvidia Earnings, Delayed Jobs Data Keep Risk Appetite in Check
U.S. equities fell Tuesday, deepening November’s pullback as investors trimmed exposure to mega-cap …
U.S. Factory Orders Rebound in August, but Core Capex Softer Than First Estimated
U.S. new orders for manufactured goods rose in August, snapping the prior month’s decline, though a …
Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite
Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handl…
European shares slump as AI valuation jitters deepen; Nvidia in focus, oil eases as Russian exports resume
European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the…
Gold slips as dollar firms; markets eye delayed U.S. payrolls
Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expec…
U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Market Analysis
May, 2024
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3 May 2024 9:10 pm
Bitcoin Successfully Passes Nonfarm Payrolls Test
As of this writing, Bitcoin has gained 4.42% and is trading at 61,739 following the release of the NFP data, while the US Dollar Index is declining and has dropped 0.26% to 105.074. In light of this, the US jobs report serves as a crucial event for markets, putting further …
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3 May 2024 8:21 pm
Fed’s Bowman: Willing to raise rates if inflation persists
Michelle W. Bowman, a member of the Federal Reserve Board of Governors, issued a warning, stating that there is a serious chance that inflation may stay high for a lot longer than most people think. Fed Board member Bowman gave a lecture at the Massachusetts Bankers Association Annual Convention in …
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3 May 2024 7:06 pm
Fed’s Goolsbee: Current employment numbers are very solid
President of the Federal Reserve Bank of Chicago Austan Goolsbee commented, Friday, on the labour market data for April, saying that it is good, with 175,000 new jobs created.Following these remarks, the US Dollar Index bounced back from daily lows and was last noted down 0.25% at 105.06.Nonfarm Payrolls in …
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3 May 2024 4:37 pm
US Nonfarm Payrolls Surge by 175,000 in April
The latest report from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) in the US increased by 175,000 in April. This figure marks a slight slowdown compared to the revised increase of 315,000 (originally reported as 303,000) recorded in March and fell short of the market’s …
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3 May 2024 4:09 pm
Inflation in Türkiye rose near 70%, recording the highest level since 2022
Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 69.8 percent in April, marking the highest level since late 2022. This figure, while slightly below expectations, was primarily driven by significant increases in education, restaurant, and hotel prices. According to the Turkish Statistical Institute, …
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3 May 2024 2:33 pm
European stocks rise thanks to banking results and technology sector gains
European stocks opened higher on Friday amid a state of joy among investors with a group of strong results from French banks, including Société Générale and Credit Agricole, while the technology sector received support thanks to strong results announced by Apple in addition to an unprecedented share buyback. The European …
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3 May 2024 1:02 pm
JPY poised to record best weekly performance in more than a year, USD declines
The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propelled by suspected intervention from Tokyo earlier in the week to prevent the Japanese currency from reaching its lowest levels in 34 years. This move has led to a general decline in the …
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3 May 2024 11:00 am
Gold heading lower for the second week ahead of US jobs data
Gold prices are heading to decline for the second week in a row, despite the stability of prices on Friday, as investors await non-farm payrolls data in the United States, which may provide indications of the position that the Federal Reserve (the US central bank) will adopt regarding monetary policy. …
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3 May 2024 9:39 am
April 2024 US Employment Data Projections
Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Payrolls (NFP) report, promising insights into the economic landscape of the United States. Anticipation looms large as expectations lean towards a notable deceleration in job growth, counterbalanced by a projected stability in the unemployment rate …
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3 May 2024 3:11 am
Market Drivers; US Session, May 2
The US dollar was not able to sustain the initial optimism and suffered additional selling pressure amidst renewed strength in the yen and steady prudence ahead of the release of US Nonfarm Payrolls on Friday. The USD Index navigated the area of three-week lows around 105.50. What to watch on …
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3 May 2024 1:18 am
Apple tops earnings expectations
Although Apple’s quarterly sales were 4% lower than they were a year ago, the corporation nevertheless managed to beat estimates for both revenue and earnings per share. Because Apple its scale and the fact that it is a significant user of semiconductors, screens, and other components, the maker of the …
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2 May 2024 11:26 pm
Investors’ appetite for Tech rises ahead of Apple’s earnings
Awaiting Apple’s earnings, scheduled after the bell, investors’ enthusiasm for technology equities grew. Following a turbulent Wednesday, US market indexes were rising as Jerome Powell, the chair of the Federal Reserve, gave investors some comfort from their growing concern of an interest rate hike. He did, however, also say that …
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