The Canadian dollar has experienced a 1.23% retreat this week, marking its worst weekly performance in almost a year. The US Dollar is rallying, driven by higher US yields and the reassessment of the timing and size of the US Fed’s easing cycle. The Michigan Consumer Sentiment Index deteriorated beyond …
Read More »Sterling Declines Following BoE’s Decision, US Labor Data Fuels Fed Cut Bets
The British Pound weakened against the US Dollar following the Bank of England’s decision to k…
BoE’s Bailey Signals Scope for Rate Cuts After Narrow 5–4 Hold Vote
Bank of England Governor Andrew Bailey struck a cautiously dovish tone on Thursday after the central…
Bank of England Holds Rates at 3.75%, Split Vote Signals Cuts Ahead
The Bank of England kept interest rates unchanged at its first policy meeting of the year on Thursda…
Alphabet Beats Earnings Estimates but Massive 2026 Capex Forecast Weighs on Shares
Alphabet (NASDAQ:GOOGL) topped Wall Street expectations on both earnings and revenue for the fourth …
European Stocks Mixed as Earnings Take Center Stage Ahead of ECB, BoE Decisions
European equity markets traded in a mixed fashion on Thursday, as investors weighed overnight weakne…
Bitcoin Slides Toward $70,000 as Thin Liquidity and Tech Stock Rout Hit Risk Assets
Bitcoin slumped nearly 8% on Thursday, falling toward the $70,000 level as thinning liquidity and a …
Trump, Xi Hold Wide-Ranging Call Ahead of April Visit, With Taiwan and Iran in Focus
U.S. President Donald Trump said on Wednesday that he held a “long and thorough” phone call with Chi…
Gold Retreats in Asia as Silver Suffers Sharp Selloff on Dollar Strength
Gold prices reversed earlier gains and moved lower in Asian trading on Thursday, while silver plunge…
Recent Bitcoin Crash Signals a Deeper Crisis
Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over th…
Fed’s Lisa Cook Flags Inflation Risks Amid Steady Growth
U.S. Federal Reserve Governor Lisa Cook said Wednesday that risks remain tilted toward higher inflat…
Market Analysis
April, 2024
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12 April 2024 8:49 pm
Stock Indexes Retreat After Banking Earnings
Earnings season began on Wall Street with a puzzle. Despite the fact that major banks like JPMorgan Chase and Wells Fargo had higher-than-expected profits, the market as a whole and their equities both fell on Friday. Investors appear uneasy due to JPMorgan’s cautious outlook for the remainder of the year …
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12 April 2024 7:51 pm
Gold price heads to fresh lifetime high amid Middle East crisis
Gold price continues to scale new record highs amid persistent geopolitical tensions. The strong move up seems unaffected by reduced Fed rate cut bets and bullish US dollar. Extremely overbought conditions might prompt some profit-taking around the precious metal. At the time of writing, gold is trading at $2093.70 per …
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12 April 2024 6:50 pm
Following dismal US data, USD/JPY falls as investors take profits
The University of Michigan’s Consumer Sentiment Index has slipped to 77.9, indicating a weakening in US consumer confidence. However, the US Dollar is expected to consolidate weekly gains following hot inflation data. The Consumer Sentiment Index slipped to 77.9 from 79.4 in March, below the market expectation of 79. The …
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12 April 2024 3:08 pm
High safe-haven demand fuels gold’s unprecedented gains
Gold prices surged on Friday, reaching an unprecedented peak and poised to mark weekly gains for the fourth consecutive week, driven by geopolitical tensions and economic concerns surrounding China, which spurred strong demand for the safe-haven asset. As of 0934 GMT, spot gold prices rose by 0.9 percent to $2,394.87 …
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12 April 2024 1:24 pm
Blue chips support European stocks amid interest rate cut hopes
European stocks opened higher on Friday, buoyed by gains in blue-chip stocks, while investor sentiment remained positive following hints from the European Central Bank (ECB) indicating a potential interest rate cut in June. The European STOXX 600 index surged 0.9 percent, poised to achieve a weekly gain of 0.4 percent, …
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12 April 2024 12:37 pm
Inflation in Germany falls to its lowest level in about 3 years
Final data from Germany’s Federal Statistics Office showed on Friday that inflation eased in March thanks to a decline in energy and food prices. Inflation in Europe’s largest economy recorded 2.3 percent, the lowest level since June 2021. Consumer prices, harmonized to facilitate comparison with other countries in the European …
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12 April 2024 11:31 am
Gold Approaches Unprecedented Highs and Aims for Fourth Straight Weekly Advance
On Friday, gold prices surged to unprecedented heights, buoyed by central bank acquisitions amid geopolitical tensions. Despite robust American economic indicators failing to temper demand, the spot price of gold climbed 0.5 percent to $2,384.34 per ounce by 0345 GMT, reaching a peak of $2,395.29 earlier in the session. US …
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12 April 2024 10:33 am
Oil Rises Amid Heightened Tensions in the Middle East, Despite Heading for Weekly Loss
Oil prices rebounded on Friday, buoyed by escalating tensions in the Middle East, which raised concerns about potential supply disruptions from the oil-producing region. However, despite the uptick, prices are on track for a weekly loss amid expectations of fewer interest rate cuts in the United States this year. As …
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12 April 2024 4:29 am
Market Drivers; US Session, April 11
Risk-linked assets regained some momentum amid a mild corrective decline in the US Dollar and rising speculation of a Fed rate cut later in 2024. In the meantime, the ECB left rates unchanged as expected and opened the door to a rate cut in June.Economic DataBased on annualized data released …
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12 April 2024 4:19 am
IMF managing director: Fed should be able to cut rates by end 2024
The Federal Reserve (Fed) should be able to start cutting interest rates by the end of 2024, according to Kristalina Georgieva, managing director of the International Monetary Fund.At the press time, the US Dollar Index (DXY) was down 0.01% on the day to trade at 105.27.Key Quotes“We remain on our …
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12 April 2024 3:55 am
Delta Reports Robust Earnings in Tough Quarter for US Airlines
With adjusted earnings of $380 million in the first quarter, up 75% over the prior year, Delta Airlines posted better than expected earnings. Even though average passenger revenue decreased by 2%, the company’s $12.6 billion in revenue was a record. In the second quarter, Delta expected record revenue, but it …
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12 April 2024 2:16 am
Gold soars to all-time highs again after US PPI data
Falling US Treasury yields and a declining US dollar have helped to dramatically boost gold prices. In an uncertain environment, mixed signals from labour data and producer inflation support gold. Fed officials’ concerns about inflation strengthen Gold’s appeal as a safe haven, influencing sentiment. The price of gold recovered its …
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