The GBP/USD pair has fallen due to concerns of a potential US recession, with technical facors suggesting a neutral to downward bias. The pair has experienced a series of lower highs and lows, dragging the pair from year-to-date highs of 1.2894 toward current exchange rates. The daily moving averages (DMAs) …
Read More »March 2026 Market Snapshot: Labor Softens, Inflation Holds Steady, Volatility Rules
February’s employment report, released early March, showed a clear pullback: nonfarm payrolls droppe…
Wall Street Slides Into Correction as Oil Shock and Geopolitical Fears Ignite Market Panic
US equities came under heavy selling pressure on Friday, with major indexes extending their decline …
Europe’s Carmakers Race Into the Defense Economy
A Strategic Shock Reshaping European Industry: Europe is no longer treating defense as a peripheral …
Sterling Under Pressure as Global Tensions Lift the Dollar
The British Pound struggled to maintain momentum at the end of the week, hovering just above the 1.3…
U.S. Treasury Yields Hit Multi-Month High as Oil Surge Fuels Inflation Fears
Benchmark U.S. Treasury yields climbed to their highest level since July on Friday, as investors rea…
Bitcoin Slips as Iran War Uncertainty and $14 Billion Options Expiry Weigh on Sentiment
Bitcoin declined on Friday, capping a subdued week as investor caution intensified amid geopolitical…
U.S. Futures Decline as Oil Tops $110 and Middle East Risks Intensify
U.S. stock futures moved lower on Friday, while oil prices climbed back above the $110-per-barrel ma…
European Stocks Hold Steady as Hormuz Crisis Keeps Oil Elevated
European equity markets traded in a narrow range on Friday, as investors weighed persistent geopolit…
Gold Rebounds Over 2% as Softer Dollar and Iran Talks Support Bullion
Gold prices rose sharply in Asian trading on Friday, recovering from the previous session’s losses a…
UK Retail Sales Fall Less Than Expected, But Rising Energy Costs Cloud Outlook
British retail sales volumes declined in February, highlighting growing pressure on consumer spendin…
Market Analysis
July, 2024
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1 July 2024 6:28 pm
USD/JPY surpasses 161.00 on BoJ’s uncertainty
Despite the Japanese Yen’s extreme weakening, the USD/JPY remains firm above 161.00. With the Yen weakening, the BoJ anticipates tightening policy much more. The US dollar is affected by the weak US Manufacturing PMI. The USD/JPY pair moves up above 161.00 during the New York session on Monday. Amidst ambiguity …
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1 July 2024 5:11 pm
Bitcoin Price Rebounds Amidst Market Uncertainty and Mt. Gox Liquidation Concerns
Bitcoin’s price saw a modest recovery on Monday, rising more than 2% to $62,838.9 by 08:59 ET. This rebound came amidst broader market uncertainty and concerns surrounding the impending distribution of stolen Bitcoin from the now-defunct exchange Mt. Gox. Mt. Gox Liquidation and Potential Selling Pressure The liquidators of Mt. …
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1 July 2024 12:24 pm
Eurozone Manufacturing Sector Contracts Further in June as Demand Slumps
The eurozone’s manufacturing sector experienced a deeper contraction in June, as demand plummeted despite factories continuing to lower prices, according to a recent survey. HCOB’s final eurozone manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, dropped to 45.8 in June from 47.3 in May, slightly exceeding the preliminary estimate …
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1 July 2024 10:33 am
Gold Prices Wobble as Fed Signals and Mixed Economic Data Create Uncertainty
Gold prices experienced a slight dip in Asian trading on Monday, hovering within a narrow range as traders cautiously await key signals from the Federal Reserve and further economic data. Despite increased expectations of a U.S. interest rate cut, the yellow metal struggled to capitalize on the weakening dollar, maintaining …
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1 July 2024 10:04 am
Asian Stocks Waver as Chinese PMIs Clash and U.S. Rate Uncertainty Lingers
Asian stocks experienced a mixed session on Monday, with most indices hovering within a flat-to-low range. Investors grappled with conflicting signals from Chinese business activity surveys and lingering uncertainty surrounding the future of U.S. interest rates. Key Takeaways: Mixed Chinese PMIs: Government data revealed a second consecutive month of contraction …
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1 July 2024 4:18 am
Financial Markets’ Weekly Recap: Traders closely watch Fed’s signals
In this report, we take a look back at the latest five trading days with a focus on the market news, economic data and headlines that had the most impact on key financial assets; including oil and gold prices as well as the key correlated assets. It is an opportunity …
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June, 2024
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28 June 2024 7:35 pm
US Dollar below 106.00 after PCE data
The US dollar is preparing for French elections risk over the weekend, with early recovery thanks to recent statements by Trump and Suzuki. The PCE data is in line with expectations, with the index hovering around 106.00, back to Wednesday’s levels. Traders are still digesting the Trump-Biden debate, where many …
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28 June 2024 6:13 pm
Nike stock declines following earnings report
Nike shares declined in early Friday trading, setting up the stock for a loss of around $21 billion. The world’s biggest sportswear group issued gloomy near-term sales forecasts that could test investor patience for its ongoing turnaround strategy. Nike launched a $2 billion cost-cutting plan last year under CEO John …
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28 June 2024 5:05 pm
May Inflation Cools, Raising Hopes for Fed Rate Cuts
U.S. inflation eased in May, matching economists’ expectations and potentially bolstering the case for the Federal Reserve to implement interest rate cuts in 2024. The headline personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, remained flat month-over-month, a significant slowdown from April’s 0.3% increase. The annual rate …
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28 June 2024 4:24 pm
Britain’s Economy Rebounds in Q1, But Long-Term Growth Woes Cloud Election Outlook
Key Points: Stronger Rebound: Britain’s GDP grew by 0.7% in Q1 2024, exceeding initial estimates, signaling a faster recovery from the previous recession.Weak Long-Term Growth: Despite the rebound, GDP is only marginally higher than a year earlier, highlighting persistent challenges to sustained economic growth.Election Impact: The weak economic outlook is …
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28 June 2024 3:09 pm
U.S. Stock Futures Rise, Capping Strong First Half, Ahead of Key Inflation Data
U.S. stock index futures climbed on Friday, marking a robust first half of the year, as investors awaited the release of crucial inflation data that could influence the Federal Reserve’s interest rate decisions. Key Points: Market Performance: Dow Jones Futures rose 0.1%, S&P 500 Futures gained 0.4%, and Nasdaq 100 …
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28 June 2024 12:20 pm
Gold Prices Tread Water Ahead of Crucial U.S. Inflation Data
Gold prices experienced a slight dip in Asian trading on Friday, remaining within a tight range as traders favored the U.S. dollar in anticipation of key inflation data that could influence interest rates. Despite recovering from a dip below the $2,300 an ounce support level earlier in the week, gold …
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