Gold prices continued to climb on Tuesday, buoyed by a weakening US dollar. The greenback has been under pressure amid expectations of a future path for Federal Reserve interest rates and the release of positive economic data that has boosted risk appetite in global financial markets. The US dollar has …
Read More »Behind the Scenes: Netflix Steps Aside as Paramount Moves to Seize Warner in $31 Share Showdown
In a dramatic twist that could redraw the map of global entertainment, Netflix has declined to raise…
Explainer: Geneva Talks Signal a Critical Crossroads As Diplomacy Weigh Market Sentiment
The nuclear negotiations between the United States and Iran on February 26, 2026, in Geneva were not…
Euro Slips Under Pressure from Stronger Dollar
The weaker than expected Eurozone data weighs on market sentiment on Thursday. The euro fell against…
Gold Defies Strong Dollar as Middle East Tensions and Rate Cut Hopes Fuel Demand
Gold remained steady above $5,170 as heightened tensions in the Middle East sustained investor deman…
Wall Street Wavers as AI Fears Shake Tech Stocks
While institutional investors have been selling off software stocks amid concerns about artificial i…
Dollar Pulls Back Against Yen as Rate Expectations Clash Across the Pacific
The US Dollar eased against the Japanese Yen on Thursday, retreating after two consecutive days of g…
Crude Oil Caught Between Diplomacy and Oversupply
Oil prices steadied after recent losses, as traders weighed rising geopolitical tensions against cle…
Measured Uptick in Jobless Claims Signals a Stabilizing U.S. Labor Market
Weekly jobless claims in the United States edged slightly higher last week, reinforcing signs that t…
Stronger UK Data Complicates the Case for BoE’s Rate Cuts
The outlook for interest rates in the UK has become less predictable after a run of firmer-than-expe…
U.S. Futures Slip as Nvidia Earnings Sink In and Investors Eye U.S.-Iran Nuclear Talks
U.S. stock index futures edged modestly lower on Thursday as investors digested quarterly results fr…
Market Analysis
August, 2024
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27 August 2024 11:28 pm
US stocks rallied ahead of Nvidia’s earnings report
US stocks rallied on Tuesday, driven by anticipation of Nvidia’s second-quarter earnings and expectations for a potential Federal Reserve interest rate cut. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posted modest gains. Nvidia, a tech titan, is under the spotlight as investors await its earnings report, …
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27 August 2024 10:21 pm
USD Continues to Decline After Consumer Confidence Data
The US Dollar has been declining since the start of US trading on Tuesday, continuing the downward trend that began at the end of last week following the release of the Federal Reserve meeting minutes and Jerome Powell’s comments at the Jackson Hole symposium.These comments highlighted a potential interest rate …
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27 August 2024 7:11 pm
GBP/USD Records New Multi-Year High Above 1.3200
The GBP/USD pair has reached a new multi-year high, trading above 1.3200. The uptrend remains intact as long as the pair stays above 1.3043. If buyers reclaim 1.3298, it could expose the March 2022 peak at 1.3437. Conversely, a dip below 1.3200 will reveal further support levels, such as 1.3130 …
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27 August 2024 3:07 pm
Bitcoin Drops as Geopolitical Tensions and Market Uncertainty Weigh on Sentiment
Bitcoin’s price slipped on Tuesday, losing momentum after a weekend rally as escalating geopolitical tensions and anticipation of key economic cues dampened risk appetite. The world’s largest cryptocurrency fell 1.4% to $3,106.6 by 01:10 ET (05:10 GMT), following a broader decline in global stock markets. Geopolitical Concerns and Market Reactions …
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27 August 2024 11:40 am
German Economy Contracts by 0.1% in Q2 2024, Reversing Prior Growth
The German economy experienced a slight contraction of 0.1% in the second quarter of 2024, reversing the modest growth seen in the first quarter, according to official data released by the Federal Statistical Office on Tuesday. Economic Performance Overview The quarter-on-quarter shrinkage follows a 0.2% expansion in Germany’s Gross Domestic …
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27 August 2024 10:24 am
Gold Prices Dip as Dollar Rebounds, but Rate Cut Bets and Safe Haven Demand Support
Gold prices slipped in Asian trading on Tuesday, pressured by a strengthening dollar. However, the potential for lower interest rates and ongoing geopolitical tensions kept the precious metal close to its recent highs. Gold Market Performance Spot gold declined by 0.4% to $2,507.15 an ounce, while December gold futures fell …
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27 August 2024 9:44 am
Oil Prices Retreat After 7% Surge Amid Middle East and Libyan Supply Concerns
Oil prices took a step back on Tuesday, following a sharp rally that saw them rise by more than 7% over the previous three sessions. The recent surge was driven by heightened concerns over potential supply disruptions in the Middle East and Libya, prompting traders to reassess the situation. Market …
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27 August 2024 4:01 am
Market Drivers; US Session, August 26
The US Dollar Index (DXY) initially dipped to new lows near 100.50 on Monday but managed to reverse that decline later in the day, bouncing back toward the 101.00 barrier. Keep an eye on the Consumer Confidence gauge published by the Conference Board and the FHFA’s House Price Index on …
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27 August 2024 1:57 am
Gold surges on Fed rate-cut wagers after Powell’s signals
Following Powell’s remarks at Jackson Hole about possible policy easing in September, gold prices surged. Powell mentions labour market-linked concerns as well as inflation management; while some Fed officials reiterate forecasts for rate cuts.US durable goods orders increased 9.9% in July, indicating a robust economy; tensions in the Middle East …
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27 August 2024 12:53 am
US dollar recovers on quiet trading week’s start
The US dollar bounces back after falling on Friday as a result of Powell’s dovish comments. The market expects a 100 basis point ease by year-end and a 200 basis point ease overall over the next 12 months. Later this week, PCE figures will come into focus. The US Dollar …
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27 August 2024 12:02 am
Dow Jones Hits New Record High on Thin Volumes
Dow Jones Industrial Average (DJIA) reached a new all-time high of 41,419.65 on Monday, despite a generally quiet trading day. This follows a significant surge last week after the Federal Reserve signaled a potential rate cut in September.Investors are still digesting the impact of the Federal Reserve’s comments, which indicated …
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26 August 2024 10:48 pm
T-Yields struggle to hold firm amid rate cut speculations
US Treasury yields are attempting to hold firm in the face of expectations for interest rate cuts. Yields on US government bonds are trying to withstand the rising expectations of interest rate cuts next month, supported by optimism that has prevailed in the markets since the statements of Mary Daly, …
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