Gold price surged to a peak of $1,987, up 1.35%, earlier in the North American trading session. The Gold Index (XAU/USD) rose to $1,985, indicating a bullish bias. The US Industrial Production figures were below forecast, and the number of jobless claims reached a three-month high. The precious metal is …
Read More »Silver Stalls Near 13-Year Highs: Trade Talks, CPI Data Hold the Key
Silver prices (XAG/USD) have hit a speed bump after a meteoric rise to 13-year highs near $37.00, no…
US-China Trade Deal: A Step Toward Stability or a Fragile Truce?
On June 11, 2025, President Donald Trump announced a US-China trade deal as “done” via h…
Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Market Analysis
November, 2023
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16 November 2023 8:34 pm
US dollar back in red territory after Jobless Claims report
The US Dollar has retreated to the red territory as weekly Jobless Claims contribute to dampen mood for quick recovery of the American currency. Traders are concerned about their future positioning as the US Dollar Index is nearing a break below 104. This suggests that the Fed is not fully …
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16 November 2023 7:33 pm
Are Biden-Xi talks able to achieve a Lot?
Little progress was made during the San Francisco meeting between President Joe Biden and Chinese President Xi Jinping, but both leaders made encouraging remarks about addressing climate change and enhancing communication. According to Biden, US support for China’s faltering economy is desirable, but not at the price of US intellectual …
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16 November 2023 5:55 pm
Saudi crude oil exports rise in September
Data from the Joint Organizations Data Initiative (JODI) showed on Thursday that Saudi crude oil exports in September rose three percent from the previous month to reach 5.75 million barrels per day. At the same time, the world’s largest oil exporters’ crude oil production increased by 0.7 percent to 8.98 …
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16 November 2023 2:35 pm
European stocks fell after rising in recent days
The European benchmark index fell on Thursday after a three-month rise as optimism about the peak of monetary tightening and an eventual interest rate cut faded. The European STOXX 600 index fell 0.2 percent by 0810 GMT, after increasing 2.5 percent over the past three days and recording its highest …
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16 November 2023 11:46 am
Gold rose slightly amid expectations that the US Central Bank will stop raising interest rates
Gold prices rose on Thursday, supported by expectations that the Federal Reserve has reached the end of its monetary tightening cycle, but a stronger dollar limited gains. Gold rose in spot transactions 0.1 percent to $1,961.81 per ounce by 0315 GMT, while US gold futures settled at $1,964.60. Matt Simpson, …
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16 November 2023 1:39 am
Yen falls under pressure from US bond yields
The Japanese yen continues to retreat against the dollar since the beginning of daily trading on Wednesday, driven by the rise in US Treasury bond yields due to the famous correlation between both.The USD/JPY rose to 151.37, compared to the previous daily close of 150.37. The pair fell to its …
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16 November 2023 1:30 am
Does potential further downside await US Dollar?
The US Dollar Index has recovered to 104.40, its lowest point since September. The US Producer Price Index (PPI) saw a less-than-expected 1.3% YoY increase in October, falling short of the projected 1.9% rise. The Core Producer Price Index (PPI) also fell short of expectations, coming in at 2.4% YoY …
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16 November 2023 12:56 am
WTI retreats on surging US oil inventories, global demand woes
Due to record output levels and a greater-than-anticipated buildup in US crude inventories, WTI crude oil drops to $76.58 per barrel at the time of writing, down 1.92%.There are worries about possible drops in oil demand due to the Eurozone’s poor statistics and Japan’s economic contraction. Oil prices are supported …
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15 November 2023 11:25 pm
Can Fed avoid recession that threatens US economy?
The likelihood of a recession is one big question that is being discussed again and again as observers, including former Fed officials still argue that there is still an obvious risk of a recession.Jerome Powell and Co. are seen as walking on a fine line. The extent of fiscal stimulus, …
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15 November 2023 10:48 pm
EUR/GBP closest to multi-month highs as bulls step in
The EUR/GBP increased by 0.40% to reach 0.8740, erasing weekly losses. Bulls have space to test last week’s high of 0.8775. With the pair clearing its losses on Mondays and Tuesdays, the EUR/GBP trades with significant gains in the 0.8740 region. The following goal is 0.8775, which would be a …
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15 November 2023 9:38 pm
USD/CHF trimming losses after solid US Retail Sales
The USD/CHF saw some minor losses before levelling off at 0.8885, suggesting that inflation was slowing down. October’s US Producer Price Index (PPI) increased 1.3% year over year, less than the 1.9% increase that was anticipated.However, October’s Retail Sales performed better than expected, with a 0.1% month-on-month decline. The US …
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15 November 2023 8:21 pm
Canadian dollar registers second day of gains
The Canadian Dollar has extended into a second day of gains following Tuesday’s gains, with wholesale and business sales figures in Canada showing slight recovery. However, declines in Crude Oil prices are keeping CAD gains on a tight leash. Canadian Manufacturing Sales in September beat the street, printing at 0.4% …
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