After Jerome Powell, Fed Chair declared that monetary policymakers will proceed carefully in making interest rate decisions, Wall Street is hoping for its first profitable week in four weeks. The Nasdaq composite and Dow Jones Industrial Average both increased by 0.9% in late trade, while the S&P 500 increased by …
Read More »Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Market Analysis
August, 2023
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25 August 2023 10:26 pm
US Dollar Index Climbs on Powell’s Hawkish Stance
Following Powell’s hawkish comments, DXY increased by 0.18%, signaling a higher dollar relative to six major currencies. With ambiguous Treasury yield curve signals and conflicting official opinions, a 25-bps rate hike in November has a 46.7% chance of happening, which defies past Fed projections.The US Dollar Index (DXY), a gauge …
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25 August 2023 9:29 pm
Has Powell’s Speech Confirm Or Dismiss Hawkishness?
Interest rate futures tied to the Federal Reserve’s policy rate on Friday priced in a more than even chance of tightening at either the November or December policy meetings after Chair Jerome Powell struck what market participants perceived to be a moderately hawkish tone.The Fed though is widely expected to …
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25 August 2023 8:40 pm
USD/CAD climbs as Fed’s Powell eyes additional hikes
Powell’s hawkish tone on inflation and potential for further rate hikes propels USD/CAD to a three-month high of 1.3640, currently trading at 1.3613.Philadelphia Fed’s Patrick Harker adds fuel to the fire, stating rates are already restrictive and may need to rise further if inflation stalls.Lackluster Canadian retail sales data at …
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25 August 2023 4:26 pm
The Turkish lira lost some of its gains a day after a higher-than-expected interest rate hike
The Turkish lira fell 2.8% on Friday, August 25, to give up some of its gains, one day after the central bank raised interest rates dramatically. And by 07:36 GMT, the lira recorded 26.51 per dollar, compared to 25.75 per dollar, at the close of trading on Thursday, down 2.8%. …
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25 August 2023 3:14 pm
Euro is falling and Dollar is rising just before Powell’s speech
The euro fell to its lowest level since mid-June on Friday, weighed down by growing expectations that the European Central Bank could soon stop raising interest rates, while the dollar rose broadly ahead of a speech by Federal Reserve Chairman Jerome Powell. Reuters quoted eight informed sources as saying that …
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25 August 2023 3:10 pm
BRICS vs. Greenback – Impact on the Global Economy
Dive into Noor Capital’s comprehensive report that that created by Research and Development Department, The growing impact of the BRICS bloc on the global economy—including Brazil, Russia, India, China, and South Africa. As an alternative power to traditional Western hegemonies, the BRICS represent more than a quarter of global GDP …
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25 August 2023 2:08 pm
European stocks fall as investors focus on ECB
European stocks fell in early trading on Friday, as investors were cautious ahead of the statements of the heads of major central banks at the Jackson Hole symposium in the United States, while the rise in bond yields continued to pressure stocks. And by 0711 GMT, the European Stoxx 600 …
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25 August 2023 2:06 pm
Gold loses its luster with the rise of USD
Gold prices fell on Friday as the dollar rose to a ten-week high, but the precious metal was set to post its best performance in six weeks ahead of a speech by Federal Reserve Chairman Jerome Powell that could provide clues about interest rate movements. Gold futures fell 0.2 percent …
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25 August 2023 12:00 pm
German economy is in recession in Q2
Data from the German Statistics Office showed on Friday that the country’s economy stagnated in the second quarter compared to the previous quarter of the year after suffering a recession in the winter. The zero growth for the three months ending in July is in line with the first estimates …
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25 August 2023 11:59 am
Japan’s Nikkei index falls 2% with Advantest and Tokyo Electron falling
Japan’s Nikkei index closed down 2 percent on Friday, with chip-related shares Advantest and Tokyo Electron falling after gains in US-listed Nvidia stock stalled. The Nikkei index fell 2.05 percent to close at 31,624.28 points, the biggest daily decline in more than three weeks, but it achieved a weekly gain …
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25 August 2023 2:36 am
Market Drivers – US Session, August 24
All key financial assets, including Thursday’s firmer US dollar, await Fed’s Powell speech on Friday before the Jackson Hole Symposium. Volatility is expected, and it could lead to sharp moves across financial markets.All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s …
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25 August 2023 2:18 am
New members to join BRICS
The BRICS bloc has expanded by bringing on six new countries, including Iran, Saudi Arabia, and Egypt. This expansion is seen as a significant victory for China and Russia, increasing China’s political clout and helping to reduce Russia’s isolation.However, Russia and China face growing economic headwinds that could undermine the …
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