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While speaking before the World Petroleum Congress in Canada, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman noted that Saudi Arabia is targeting less volatility in energy markets rather than targeting prices. Crude oil prices continue to edge higher following these statements and the barrel of West Texas Intermediate was …
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30 July, 2025 4:48 pm
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…
30 July, 2025 4:26 pm
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 …
30 July, 2025 2:52 pm
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…
30 July, 2025 1:28 pm
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…
30 July, 2025 12:25 pm
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…
30 July, 2025 2:35 am
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…
30 July, 2025 1:23 am
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 …
30 July, 2025 12:12 am
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 …
29 July, 2025 11:29 pm
Trade Talks Intensify as August 12 Tariff Deadline Looms
Global trade negotiations are heating up as the United States and China race against a looming Augus…
29 July, 2025 10:45 pm
US Session Key Drivers: Markets Brace for Fed Decision as Dollar Surges
The US dollar charged to new multi-week peaks on Tuesday, fueled by growing uncertainties in global …
Market Analysis
September, 2023
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18 September 2023 7:41 pm
Canada CPI could indicate another jump in inflation
Statistics Canada is set to release its August Consumer Price Index (CPI) data on September 19, with economists and researchers of five major banks forecasting the data. Headline inflation is expected to be at 3.8% year-on-year, the highest since April and further above the 2% target. On a monthly basis, …
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18 September 2023 4:02 pm
Russia and China will build an oil shipping complex worth $686 million
The Russian Congress Fund said on Monday that Russia’s United Oil and Gas Chemical Company and China’s Shanyuan Industrial Development Company have agreed to pump joint investments worth five billion yuan ($686 million) to build an oil shipping complex in Russia’s far east. The complex will facilitate the export of …
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18 September 2023 2:06 pm
European stocks decline with anticipation of the results of central bank meetings
European stocks opened slightly lower on Monday after sharp gains last week, as investors awaited a week full of central bank meetings in Norway, Sweden, Switzerland, Britain and the United States to make decisions on interest rates. The European STOXX 600 index fell 0.2 percent by 0705 GMT due to …
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18 September 2023 12:29 pm
Japanese yen steals the spotlight in a week full of central bank meetings
The dollar moved slightly in Asian trading on Monday, amid a rise in the pound sterling and a decline in the yen after a Japanese holiday and anticipation of a group of upcoming central bank meetings led to a state of stagnation in the markets. The Bank of Japan’s monetary …
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18 September 2023 12:01 pm
Oil rises due to supply concerns and demand recovery in China
Oil prices rose on Monday, supported by expectations of a widening supply deficit in the fourth quarter of the year after Saudi Arabia and Russia extended production cuts, in addition to optimism about the recovery of demand in China, the largest global importer of crude. By 0027 GMT, Brent crude …
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18 September 2023 11:29 am
Gold stabilizes before a possible halt to US interest rate hikes
Gold prices stabilized on Monday as investors continued to take into account the Federal Reserve’s possible halt to raising interest rates at its monetary policy meeting this week, with a focus on the US central bank’s interest expectations. By 0056 GMT, gold prices in spot transactions settled at $1,924.29 per …
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18 September 2023 5:33 am
Financial Markets’ Weekly Recap
US stocks ended trading on Friday with a sharp decline, with chip makers falling on concerns about weak demand, while rising Treasury yields pressured shares of Amazon and other growth companies with huge market value. Shares of chip equipment maker Applied Materials, Lam Research and KLA Corp fell after Reuters …
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15 September 2023 9:27 pm
Tech share leading Wall Street’s dip
US stocks sank Friday as the major indexes failed early on to build on a Thursday rally and were in danger of giving up the week’s gains.The S&P 500 was down 0.9%, while the Dow Jones Industrial Average retreated by 0.5%. The tech-heavy Nasdaq Composite plunged 1.4%, leading the way …
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15 September 2023 8:28 pm
Holding on $90, WTI to close trading week with gains
WTI crude oil has rebounded to hold $90/bbl, despite a small drop on Friday. Extended production cuts from OPEC member states are putting a tight squeeze on crude markets, sending US crude to ten-month highs. Saudi Arabia and Russia have recently announced an extension of their current oil production cuts, …
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15 September 2023 7:50 pm
Headwinds still face China’s economy despite recovery signals
China’s factory output and retail sales grew at a faster pace in August, but tumbling investment in the crisis-hit property sector threatens to undercut a flurry of support steps that are showing signs of stabilising parts of the wobbly economy. Chinese policymakers face a daunting task in trying to revive …
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15 September 2023 6:48 pm
Greenback hiccuping post key US data
The US Dollar flattens on Friday as investors take profits after a rally on Thursday. The Euro’s lackluster performance after the ECB’s dovish hike has led to traders selling the Euro in the belief the Eurozone economy will crash. Retail Sales data from the US and Producer Price Index numbers …
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15 September 2023 6:19 pm
UoM Consumer Confidence Index declines in September
UoM Consumer Confidence Index declined more than expected in September. In an obvious reaction, the US dollar retreats across the board, DXY hits fresh daily lows under 105.20. Consumer sentiment in the US weakened in August, with the University of Michigan’s (UoM) Consumer Confidence Index declining to 67.7 from 69.5. …
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