A second strong session for the US dollar placed more pressure on the riskier assets, pushing the EUR/USD to the sub-1.0800 level and the USD Index to flirt with the upper end of the current range amid the development of usual pre-FOMC caution.Ahead of the FOMC meeting and the release …
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
January, 2024
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30 January 2024 2:44 am
Is Russia really beating western sanctions?
Despite opposition from the central bank, Russia is pondering an indefinite extension of the wartime capital regulations that were implemented to relieve pressure on the ruble. The step, according to the administration, is necessary to support the currency and assist curb inflation. President Vladimir Putin issued an order in October …
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30 January 2024 2:16 am
Goldman: Strong US economic prospects could shield equities from surging yields
US stocks are surviving an increase in Treasury yields because of the positive economic outlook, but Goldman Sachs strategists warned that this might change if factors like tighter monetary policy push yields higher or if they climb too quickly.In their most recent weekly kickstart note, Goldman equity strategists lead by …
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30 January 2024 12:25 am
WTI declines amid China’s property crisis
The liquidation turmoil facing China’s real estate sector as well as the strong US dollar cause WTI oil to decline by more than 1.50%. Despite geopolitical unrest, worries about the state of the world economy and central bank policies have also caused oil prices to decline.In light of the uncertain …
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29 January 2024 11:05 pm
US Dollar trades near mid-December highs ahead of eventful trading days
The Dollar Index is showing strong increases and is currently trading at 103.75, not far from its mid-December highs. Ahead of the Fed’s impending announcement on interest rate policy on Wednesday, markets are still wary.Monday saw a sharp increase in the Dollar Index, which closed at 103.75, reaching levels not …
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29 January 2024 10:02 pm
EUR/GBP bears continue to exert pressure, driving to new lows
The EUR/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the …
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29 January 2024 9:06 pm
Bitcoin is off to upbeat start this trading week
Bitcoin and other cryptocurrencies are performing well in the US equity markets due to robust economic growth and potential annual inflation slowdown. The S&P 500 Index (SPX) increased by 1.06% last week, advancing closer to the psychologically significant mark of 5,000. Bitcoin rose 2.56% to $43,126, at the time of …
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29 January 2024 8:47 pm
China stocks decline despite short-selling restrictions
Investors’ sentiment has become shaky following the latest Evergrande’s crisis that impacted the property sector leading it to slump. Evergrande is facing liquidation, and this is clouding the economic outlook. The Chinese authorities have been working to confront the downward trend in stock prices. Chinese share prices declined, on Monday, …
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29 January 2024 7:51 pm
Fed’s rate cut timing triggers fresh questions
The Fed’s decision to cut interest rates is expected to be influenced by strong US growth, which has led officials to believe they can afford to delay the process. The Federal Open Market Committee is likely to vote to leave benchmark interest rates unchanged at a 23-year high of 5.25-5.5 …
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29 January 2024 3:19 pm
Gold rises as concerns mount over conflict in the Middle East
Gold prices experienced an upturn on Monday, driven by heightened geopolitical tensions in the Middle East, which prompted increased demand for the precious metal as a safe-haven asset. Trading activity remained subdued as investors awaited statements from the Federal Reserve Chairman for clarification on interest rate matters. In spot transactions, …
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29 January 2024 1:36 pm
European equities display a mixed performance
Title: European Stock Markets Navigate a Volatile Week Amid Key Events European stock markets exhibited subdued trading on Monday as the week kicked off with a host of significant events, heightening market risks. Key among these events is the Federal Reserve’s inaugural meeting of the year. As of 03:25 ET …
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29 January 2024 12:30 pm
Evergrande: Crisis-hit Chinese property giant ordered to liquidate
On Monday, a Hong Kong court ordered the liquidation of China Evergrande Group, the world’s most indebted property developer with over $300 billion in total liabilities. This decision comes after Evergrande failed to provide a concrete restructuring plan more than two years after defaulting on a bond repayment. The liquidation …
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29 January 2024 11:17 am
Oil prices rise after an attack on an American base on the Jordanian-Syrian border
Oil prices experienced an uptick following a drone attack on the American Al-Tanf military base situated on the Jordanian-Syrian border, resulting in the deaths of three American soldiers. President Joe Biden pledged retaliation in response to the incident. Brent crude rose by 0.57% to reach $84.03 per barrel, while the …
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