The AUD/USD pair has seen a surge in value as markets continue to anticipate the Federal Reserve cutting interest rates possibly in June. However, the Reserve Bank of Australia is striking a more hawkish tone, suggesting that rates may even need to rise. The pair is 0.40% up, trading at …
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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13 March 2024 7:26 pm
ECB to change how it supplies banks with vital liquidity
With the impending announcement of its Operational Framework Review, the European Central Bank (ECB) is approaching a pivotal point in its history. The guidelines guiding the ECB’s future liquidity injections into the commercial banking sector will be decided upon after this review. The framework is extremely important because it determines …
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13 March 2024 6:27 pm
Gold price rises as focus shifts to US Retail Sales
Gold price (XAU/USD) trades slightly in the green in Wednesday’s early New York session but has an uncertain outlook in the near term as investors have scaled down expectations of Federal Reserve rate cuts in June. The precious metal recorded its second-largest single-day decline in a month on Tuesday after …
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13 March 2024 4:34 pm
Oil Prices Rise on Strong Global Demand Expectations
Oil prices climbed on Wednesday, driven by expectations of robust global demand, particularly from the United States, the world’s largest crude consumer. Sentiment was further boosted by hopes that the Federal Reserve might initiate interest rate cuts soon, despite challenges in curbing inflation in the United States. Demand-Driven Rally Expectations …
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13 March 2024 3:03 pm
European Shares Reach New Highs Amid Positive Corporate Updates
European shares surged to new record highs on Wednesday, buoyed by gains in retail and utility stocks following upbeat corporate announcements. As investors eagerly awaited industrial production data from the region, the pan-European STOXX 600 index rose by 0.1% by 9:13 GMT, building on the momentum from Tuesday’s record-high close. …
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13 March 2024 2:11 pm
Bitcoin Reaches New All-Time High
Bitcoin surged to a record high for the third time in five days before traders seized the opportunity to capitalize on recent gains. After touching $73,650 during Tuesday’s trading session, the cryptocurrency was pushed below the $70,000 mark. Influx of Funds and ETF Success: The cryptocurrency’s ascent to new heights …
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13 March 2024 1:21 pm
Britain’s Economy Shows Signs of Recovery
Official data revealed that the UK’s economy rebounded at the onset of 2024, offering a respite for Prime Minister Rishi Sunak ahead of the anticipated elections later this year, following a recession triggered by the mixed performance across sectors in the latter half of 2023. GDP Growth in January: Britain …
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13 March 2024 11:59 am
Forex Overview: Dollar Stabilizes as Markets Digest Higher-Than-Expected Inflation in America
Dollar Stability Amid Inflation Surge: The dollar showed signs of stability against major currencies on Wednesday as traders gauged the potential impact of higher-than-expected inflation data on the Federal Reserve’s interest rate decisions slated for June. Surge in US Consumer Price Index: February witnessed a robust rise in the US …
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13 March 2024 11:55 am
Nikkei Index Declines for Third Consecutive Session Amid Speculation on BoJ Policy Shift
In Wednesday’s trading session, Japan’s Nikkei index extended its losses for the third consecutive day, reflecting investors’ cautious stance as they evaluated the potential implications of the Bank of Japan’s forthcoming monetary policy meeting, on March 18-19. Nikkei’s Decline: The Nikkei index experienced a modest decline of 0.26 percent, closing …
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13 March 2024 2:59 am
Market Drivers – US Session, March 12
After US inflation data came in higher than anticipated, the dollar maintained its good start to the week, supporting investors’ further repricing of a Federal Reserve rate cut in June.As confidence in the Fed’s summer easing cycle increased, the USD Index recovered the territory above the 103.00 mark. A light …
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13 March 2024 2:06 am
ECB’s Villeroy: ECB can cut interest rate independently from Fed
François Villeroy de Galhau, the governor of the Bank of France and an ex officio member of the European Central Bank, emphasised on Tuesday that the ECB’s pragmatism about rate decreases is independent of Federal Reserve policy.Villeroy’s remarks follow the Bank of France’s revision of its first-quarter growth estimate for …
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13 March 2024 12:03 am
Oil prices marginally decline following predicted surge in US output
Oil prices fell slightly on Tuesday due to a higher-than-expected forecast for US crude oil production and bearish economic data. Brent futures for May delivery settled 29 cents, -0.34% lower, at $82.13 per barrel, while the April US West Texas Intermediate crude contract ended 15 cents, -0.21% lower, at $77.77 …
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12 March 2024 11:16 pm
Gold retreats for the first time in ten sessions
Gold has been declining since the beginning of daily trading on Tuesday, under pressure from the rise in the US dollar. The dollar found momentum after Tuesday’s US inflation data that shed light on the rise in consumer prices to levels higher than expectations last February.The precious metal slumped -1.31% …
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