European stocks fell on Tuesday, affected by losses in automakers and mining stocks after weak data from China fueled fears of a slowdown in the Chinese economy and while investors await more economic data from the euro zone. The European Stoxx 600 index fell 0.2 percent, and most of the …
Read More »Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
Tariff Tango Continues: Eurozone Trade Sees Slight Surplus Boost Amidst Uncertainty
The Eurozone’s trade landscape presented a mixed picture in January, with a slight widening of…
Canada’s Inflation Rises to 2.6% in February, Exceeding Expectations
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the e…
Oil Prices Climb on Middle East Tensions and China’s Stimulus Plans
Oil prices surged over 1% on Tuesday, reaching their highest levels since early March, as geopolitic…
European Markets Inch Higher Ahead of German Debt Vote and Trump-Putin Talks
European stock markets edged higher on Tuesday as investors focused on a pivotal vote in the German …
Bitcoin Drops as Traders Await Federal Reserve Decision
Bitcoin fell on Tuesday, extending its cautious performance from the previous session, as investors …
Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Market Analysis
May, 2023
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16 May 2023 12:38 pm
Japan’s Topix closes at a 33-year peak and chip stocks follow Nasdaq’s gains
The Japanese Topix index closed at the highest level in 33 years on Tuesday, after companies showed strong expectations during the results season, and stocks of companies related to chip manufacturing tracked the gains made by the Nasdaq index at the close of trading on Monday. The broader Topix index …
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16 May 2023 11:46 am
Gold fell after signs from the Fed that interest rates will continue to rise
Gold prices fell slightly on Tuesday after traders carefully weighed comments by Federal Reserve officials about keeping interest rates high, while talks on raising the US debt ceiling and the risk of default limited losses for bullion. Spot gold prices fell 0.2% to $2015.84 an ounce by 0452 GMT, while …
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16 May 2023 5:21 am
Market Drivers – US Session – 15/05/2023
Atlanta Federal Reserve President Raphael Bostic said, on Monday, that if he were voting now, he would vote to hold rates in June, but warned that he has to keep a possible rate hike on the table. He also forecasts inflation to be in the high 3s by year-end, and …
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16 May 2023 2:24 am
Yellen: Treasury’s borrowing costs had already increased for early June
The US Treasury Department reiterated Monday it expects to be able to pay the US government’s bills only through June 1 without a debt limit increase, increasing pressure on congressional Republicans and the White House to reach a deal in coming days.The news also quotes US Treasury Secretary Janet Yellen …
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16 May 2023 1:06 am
USD/CAD dives amid soaring Canadian Dollar, softer USD
The USD/CAD pair made a U-turn after hitting a daily high of 1.3567 due to overall US Dollar weakness, spurred by a risk-on impulse and higher oil prices. Canadian housing started increasing by 22% in April, with total units rising to 261,600. Data from Canada underpinned the CAD, with Canadian …
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15 May 2023 11:39 pm
Gold defends corrective bounce amid debt ceiling fight
Gold price is struggling to defend the week-start corrective bounce amid mixed sentiment. Anxiety ahead of the top-tier United States data, debt ceiling talks prod XAU/USD buyers. Meanwhile, the US Dollar bears take a breather amid hawkish Federal Reserve talks.Also challenging the XAU/USD’s week-start corrective bounce are the mixed updates …
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15 May 2023 10:12 pm
GBP/USD soars on emerging bullish-engulfing pattern
Disappointing Concern for the US economy is raised by the New York Empire State Manufacturing Index’s sharp decline to -31.3. According to Biden and Brainard, “serious and constructive” discussions are taking place over raising the US debt ceiling.The BoE recently increased rates by 25 basis points to combat inflation; future …
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15 May 2023 9:21 pm
NY Fed: Total household debt rises by 0.9% in Q1
In a report published on Monday, the Federal Reserve Bank of New York said that the total household debt rose by 0.9% in the first quarter to $17.05 trillion.The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.2% on the day at 102.50.Key …
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15 May 2023 7:31 pm
Fed’s Bostic: I would vote to hold rates
Atlanta Federal Reserve President Raphael Bostic said, on Monday, that if he were voting now, he would vote to hold rates in June, but warned that he has to keep a possible rate hike on the table. He also forecasts inflation to be in the high 3s by year-end, and …
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15 May 2023 3:50 pm
Turkish stocks decline with the direction of the presidential elections towards a run-off
Turkish stocks fell on Monday as the presidential election appeared to be headed for a run-off and incumbent President Recep Tayyip Erdogan advanced. The main index of Turkish stocks fell more than six percent at the open, which led to a halt to trading on the stock exchange before it …
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15 May 2023 2:19 pm
Turkish lira recorded its lowest level in two months after the elections
The Turkish lira fell to its lowest level in two months as financial markets began trading in the aftermath of the presidential and parliamentary elections that took place on Sunday, amid expectations that the presidential race is heading to a run-off. The lira fell to 19.70 against the dollar, before …
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15 May 2023 12:51 pm
The rise of European stocks amid investors’ interest in political events and data
European stocks rose on Monday as investors assessed the uncertainty surrounding the US debt ceiling talks and the presidential elections in Turkey and were looking forward to data released this week for clues about the state of the global economy. The European Stoxx 600 index rose 0.4 percent, with personal …
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