Commenting on the Federal Reserve’s policy outlook, “I am not in a hurry to raise, not in a hurry to reduce either,” Atlanta Fed President Raphael Bostic said. “I am willing to be patient. I don’t think there is an urgency for us to do anything more,” he added. As …
Read More »U.S. Economy Defies Tariff Fears with Robust 3% Growth in Q2
The U.S. economy grew at a robust 3% annual rate in Q2 2025, surpassing the 2.3% forecast despite tr…
Bank of Canada Holds Rates Steady Amid U.S. Trade Uncertainty
The Bank of Canada opted to keep its policy interest rate unchanged at 2.75% on Wednesday, July 30, …
U.S. Economy Grows at a Strong 3% Annual Rate in Q2, Surpassing Expectations
The U.S. economy expanded at a 3% annualized rate in the second quarter of 2025, according to the Bu…
U.S. Private Sector Employment Surges in July, Indicating Economic Resilience
According to the latest data from Automatic Data Processing (ADP), private sector employment in the …
Eurozone Economic Growth Slows as Trade Tensions and U.S. Tariffs Weigh on Outlook
The eurozone economy grew slightly faster than expected in the second quarter, but the overall perfo…
Gold Prices Unchanged Amid U.S. Trade Uncertainty and Fed Decision
Gold prices remained largely stable on Wednesday as investors weighed ongoing U.S. trade uncertainty…
Oil Prices Steady Amid U.S. Inventory Build and Federal Reserve Meeting
Oil prices remained steady in Asian trade on Wednesday, after sharp gains earlier this week, as mark…
BoC Poised to Hold Rates Steady Amid Trade Tensions
As the Bank of Canada prepares to announce its interest rate decision on Wednesday, July 30, 2025, e…
Crude Oil Surges as Trump Issues Ultimatum to Russia
Crude oil prices soared on Tuesday, driven by heightened geopolitical tensions as the U.S. issued a …
Pound Slips Amid Risk-Off Sentiment and US-EU Trade Deal Concerns
The British pound faced modest losses on Tuesday, caught in the crosshairs of a resurgent US dollar …
Market Analysis
October, 2023
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3 October 2023 4:33 pm
Potential Market Reactions to a US Government Shutdown
The US government is on the verge of a temporary shutdown starting this Sunday, October 1st. Once again, Democrats and Republicans in the world’s largest economy are in a deadlock over how to allocate fiscal funds. Looking back, since 1981, the US government has partially suspended operations 14 times. The …
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3 October 2023 2:23 pm
Gold falls for seventh session on Fed’s continued hawkishness
Gold selling continued on Tuesday and recorded the longest losing streak since August 2022 in the last session after Federal Reserve (US central bank) officials confirmed the possibility of interest rates remaining high, while job vacancy data in the United States is released later on Tuesday. Gold fell in spot …
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3 October 2023 1:28 pm
European stocks are under pressure as US bond yields continue to rise
European stocks extended losses on Tuesday as rising US Treasury yields and the dollar pressured high-risk assets such as stocks and commodities, while a pessimistic outlook from the financial brokerage sector weighed on fashion retail companies. Strong economic data and the US Congress’ approval of a financing bill to avoid …
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3 October 2023 12:30 pm
Inflation in Türkiye rose to 61.53% in September, close to expectations
Annual consumer price inflation in Turkey rose to 61.53 percent in September, official data showed on Tuesday, slightly lower than expected and rising for the third month in a row as a result of tax increases and a recent decline in the lira. The consumer price inflation rate recorded 4.75 …
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3 October 2023 11:33 am
Japan’s Nikkei falls to its lowest level in 4 months
Japan’s Nikkei index fell to its lowest level in four months on Tuesday, with rising US Treasury yields weighing on investor sentiment and the Federal Reserve’s pledge to prolong fiscal tightening. The Nikkei index extended its losses in the afternoon, falling to 31,157.40 for the first time since June 1, …
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3 October 2023 2:24 am
Market Drivers – US Session, October 2
The key event in the Asian session, Tuesday, will be the Reserve Bank of Australia meeting. Later in the day, Switzerland will report consumer inflation, and in the US, the JOLTS Job Openings data will be released.Key DevelopmentsThe US dollar made a great start to the week, continuing the upward …
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3 October 2023 2:10 am
Gold hits 7-month low at the start of 2023’s Q4
Gold is falling with bonds, equity, and commodity prices as expectations for US interest rates rose after the US government struck a deal with Republican opponents to avert a shutdown until the middle of next month. US President Joe Biden signed a bill to extend government funding for 6 weeks, …
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3 October 2023 1:37 am
Canadian dollar retreats on stronger US counterpart
The US dollar had a substantial increase in momentum on Monday as risk appetite across the board decreased and uneasy investors piled into the USD. Just below 1.3680, the USD/CAD pair is rounding into the midway of the US trading session.The Purchasing Managers Index (PMI) for Canadian Manufacturing fell on …
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3 October 2023 12:51 am
WTI crude declines on increased output
As profit-taking increases and the US Dollar strengthens as a result of rising US Treasury bond yields, WTI crude declines 2.37% to $88.54 per barrel. The demand for oil may be at danger due to worries about the economy’s slowdown, which are emphasized by lower manufacturing data from China and …
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2 October 2023 10:27 pm
Fed’s Barr: Important to ask how long to hold onto tightening policy
Michael Barr, Vice Chair for Supervision of the Federal Reserve, stated on Monday that the central bank should implement monetary policy cautiously.The most important question, in his opinion, is not how much higher interest rates will rise, but rather how long they will stay at a level that is appropriately …
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2 October 2023 9:19 pm
EUR/USD slides amid surging US yields, hawkish Fed
Rising US Treasury bond yields and anticipation of further Fed tightening weigh heavily on the EUR/USD pair, which declines to 1.0500, down 0.69%. The Euro is losing value due to divergent economic forecasts that show growing US business activity and slowing manufacturing activity in the Eurozone.With major support at 1.0500 …
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2 October 2023 8:20 pm
ISM Manufacturing Index Exhibits Recovery Signs
The US economy’s main engine, the industrial sector, is still contracting. However, there are indicators of progress. The purchasing managers index, or PMI, published by the Institute for Supply Management registered 49 in September as opposed to 47.6 in August.According to the data presented on Monday, the US manufacturing sector …
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