The US government debt rates saw their largest quarterly increases in at least six months as the shortened session came to a finish on Thursday.During the first quarter, the benchmark 10-year Treasury yield and the 30-year rate increased by 33.2 basis points and 31.7 basis points, respectively, to 4.192% and …
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
March, 2024
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29 March 2024 12:34 am
ECB’s Dilemma: Balancing Rates, Economic Risks
The European Central Bank (ECB) cannot afford to ignore the economic dangers connected to an extended period of high interest rates, according to Governing Council member Francois Villeroy de Galhau. Villeroy, on the other hand, says that the ECB ought to start cutting rates during one of its next meetings.Dual …
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28 March 2024 11:48 pm
Gold Touches Record High Amid Upbeat US Data
The price of gold has unexpectedly surged to an all-time high of $2,225, despite challenges from rising Treasury yields and a strong US dollar. Gold keeps rising in spite of hawkish remarks made by Federal Reserve (Fed) Governor Christopher Waller and positive U.S. economic data.Gold RalliesGold achieved the remarkable $2,225 …
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28 March 2024 11:31 pm
North America Trading Witnesses Rare Simultaneous Rise in US Stocks, USD
Thursday’s trading witnessed a rare occurrence in financial markets as both US stocks and the US dollar are rising simultaneously. This phenomenon sheds light on the surge in risk-linked assets and a key safe-haven asset concurrently.This simultaneous rise is infrequent and typically result from a powerful event signaling significant influence …
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28 March 2024 9:38 pm
PCE Preview: Forecasts by seven major banks, inflationary pressure still high
The US Bureau of Economic Analysis (BEA) will release the Core Personal Consumption Expenditure (PCE), the favoured inflation gauge of the Fed, on Friday, March 29 at 12:30 GMT. As the release date approaches, the following are the projections from academics and economists at seven major banks.It is expected that …
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28 March 2024 7:46 pm
Bidenomics, Trump’s Approach Clashing Early in Elections’ Year
A strong ideological debate concerning economic policy is currently taking place in the United States, with Senator J.D. Vance of Ohio and former President Donald Trump leading the battle as they adopt the populist economics sparking a great deal of excitement as well as anxiety and concern. However, what does …
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28 March 2024 6:49 pm
Oil Prices Rebound as OPEC+ Expected to Maintain Production Cuts
Oil prices regained ground on Thursday, reversing two consecutive sessions of decline, as investors anticipated tighter supplies amid expectations that the OPEC+ producer alliance would continue with its current production cuts. Brent crude futures for May climbed $1.23, or 1.4%, to reach $87.32 a barrel, while the June contract rose …
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28 March 2024 6:43 pm
Aussie Clings to Support as US Dollar Retreats Despite Strong US Data
On Thursday, the Australian dollar found brief support around the $0.6500 level, despite continuing downward trends. The upwardly revised US economic growth data made little to change the downtrend, as the US Dollar declined from a six-week high.The Reserve Bank of Australia’s (RBA) recent interest rate hikes have made Australia’s …
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28 March 2024 5:48 pm
US Initial Jobless Claims Decline to 210,000
The latest weekly data published by the US Department of Labor (DOL) on Thursday revealed that initial jobless claims for the week ending March 23 totaled 210,000. This figure marked a decline from the previous week’s revised print of 212,000 (initially reported as 210,000) and surpassed market expectations, which had …
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28 March 2024 5:17 pm
U.S. Q4 GDP Growth Revised Upward to 3.4%
The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …
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28 March 2024 5:16 pm
After Bitcoin, which crypto assets are expected to see insane run?
Crypto analysts are bullish on Chainlink coin (LINK) in the aftermath of the successful collaboration between Chainlink Labs and ANZ Banking Group. While Bitcoin and Ethereum dominate headlines with unprecedented surges, Chainlink’s growing adoption in traditional finance could lead to a significant price surge.ANZ’s RoleANZ streamlined the acquisition of tokenized …
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28 March 2024 4:59 pm
Japanese PM Kishida Stresses Importance of Maintaining Accommodative Monetary Policy
Japanese Prime Minister Fumio Kishida emphasized on Thursday the necessity for the central bank to uphold accommodative monetary conditions, underscoring the government’s commitment to supporting economic recovery and defeating deflation. In a news conference, Kishida affirmed that the government would sustain close coordination with the Bank of Japan (BOJ) to …
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28 March 2024 3:42 pm
U.S. Stock Futures Flat Ahead of Easter Break
U.S. stock index futures remained subdued on Thursday amid light trading activity ahead of the Easter break, as investors awaited additional data to assess the Federal Reserve’s policy direction on the final business day of a robust first quarter. The three main indexes were poised for significant quarterly gains, driven …
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