The spotlight now shifts to the European Central Bank following Wednesday’s rate hike in the United States. Building permits data from New Zealand, trade balance data from Australia, and the Chinese Caixin Manufacturing PMI are all scheduled to be released during the Asian trading session.Key DevelopmentsInterest rates increased by 25 …
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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4 May 2023 1:53 am
PacWest one more US bank faces trouble
Following the Federal Reserve’s decision to increase interest rates to their highest level since 2007, another US bank is on the verge of failure. The potential sale is one of the strategic options PacWest Bancorp is considering. The fact that PacWest’s shares are down more than 50% in after-market trading …
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4 May 2023 12:18 am
US stocks fall as traders monitor Fed’s next moves
Following a fresh GDP report that exceeded expectations, stocks continued their upward trend on Thursday, with the Dow rising by almost 400 points. Following the widely anticipated Federal Reserve rate increase of 25 basis points on Wednesday, stocks experienced a small decline. The central bank also hinted through a revision …
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3 May 2023 10:43 pm
Powell explains grounds of Fed’s dovish stance
FOMC Chairman Jerome Powell comments on the policy outlook after the Federal Reserve’s decision to raise the policy rate by 25 basis points to the range of 5-5.25% following the May policy meeting.The US dollar and the Dollar Index (DXY) struggled to find demand during the American trading hours on …
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3 May 2023 10:02 pm
Breaking: Fed hikes policy rate by 25 bps to 5-5.25% as expected
The US Federal Reserve (Fed) announced on Wednesday that it raised the policy rate, federal funds rate, by 25 basis points to the range of 5-5.25% following the May policy meeting. This decision came in line with the market expectation. As anticipated, the Fed increased its policy rate by 25 …
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3 May 2023 9:32 pm
EUR/USD rebounds ahead of Fed, ECB policy decisions
EUR/USD rebounds after hitting weekly low, ahead of Fed, ECB policy decisionsThe EUR/USD pair rebounds after hitting a weekly low of 1.0942 on Tuesday, as traders brace for the Federal Reserve and the European Central Bank (ECB) monetary policy decisions today and on May 4. The US ADP Employment report …
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3 May 2023 8:45 pm
USD/JPY retreats on uncertainty ahead of FOMC decision
Private hiring in the US increased more than expected, and the USD/JPY sawsawed before slipping. Despite a moderate hiring pace in April, the ISM Non-Manufacturing PMI rises. Traders pay close attention to Powell’s news conference and the US Federal Reserve decision.In the midst of a mixed market climate caused by …
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3 May 2023 7:33 pm
Gold expected to prove resilient to rate hikes
Ahead of the US Federal Reserve’s interest rate decision, the price of gold surpassed the $2,000 level. Now, economists and analysts are concentrating on how the policy announcement might affect the precious metal, which is currently trading at $2025.75 per ounce. The Fed will continue raising rates after the one …
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3 May 2023 5:36 pm
U.S. private payrolls beat expectations in April – ADP
U.S. private employers boosted hiring in April, but there are signs that the labor market is slowing amid higher interest rates. Private payrolls increased by 296,000 jobs last month, the ADP National Employment report showed on Wednesday. Data for March was revised lower to show 142,000 jobs added instead of …
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3 May 2023 3:23 pm
Wall St poised for higher open ahead of Fed meeting outcome
Following a selloff in the previous session, Wall Street’s main indexes were set to open higher on Wednesday, with investors anticipating more economic data ahead of the outcome of a Federal Reserve policy meeting later in the day. Major U.S. stock indexes fell more than 1% on Tuesday, as regional …
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3 May 2023 2:18 pm
Turkish inflation slows to 44% ahead of landmark election
Turkish annual inflation slowed to 43.68% in April, official data showed on Wednesday, easing ahead of elections that polls show President Tayyip Erdogan risks losing largely due to a cost-of-living crisis. Unorthodox rate cuts sought by Erdogan sparked a currency crisis in late 2021, sending inflation to a 24-year peak …
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3 May 2023 12:38 pm
European stocks edge higher; banking sector leads ahead of Fed
European stock markets rose on Wednesday, as generally favourable reports from the banking sector bolstered confidence ahead of the critical Federal Reserve policy meeting. At 07:55 GMT, the DAX index in Germany was 0.5% higher, the FTSE 100 in the United Kingdom was 0.5% higher, and the CAC 40 in …
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3 May 2023 10:30 am
Gold is hovering above $2,000 ahead of the Fed’s rate decision
Gold prices hovered above the $2,000 mark on Wednesday, as investors await the Federal Reserve’s decision on interest rates due later on Wednesday. Gold settled in spot transactions at $ 2016.29 an ounce by 0140 GMT, after rising by more than one percent in the previous session. US gold futures …
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