According to Fed’s Beige Book, released on Wednesday, stress on the US banking system has eased since the failure of Silicon Valley Bank in March. Lending in the U.S. declined after the failure of Silicon Valley Bank and businesses hired fewer people in the early spring, but inflation also “appeared …
Read More »Trade Fears and Fed Uncertainty Slam US Stocks: Dow Plunges 300 Points
A resurgence of trade war anxieties, coupled with looming Federal Reserve decisions, sent U.S. equit…
Market Drivers – US Session: FOMC, BoJ In Focus
The forex market finds itself amidst a confluence of factors, creating a landscape of heightened unc…
Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
US Bond Yields Decline Amid Trade War Fears Ahead of FOMC Decision
US bond yields fell on Tuesday as investors awaited the Federal Reserve’s decision, the centra…
FOMC Decision Preview: Sailing Amid Uncertain Economic Circumstances
Fed Holds Steady, Eyes Trade Winds The Federal Open Market Committee concluded its two-day meeting a…
Global Oil Prices Lose 1% As Ukraine Developments Offset Middle East Impact
Amid geopolitical tensions and economic shifts, the global oil prices experienced a downturn on Tues…
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 …
Market Analysis
April, 2023
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19 April 2023 9:32 pm
USD/CAD expected to surge on stronger USD
The USD/CAD pair is trading at 1.3446 at the time of writing, it is therefore higher by some 0.41%. the pair has travelled lower over the last month driven by the broad-based setback to the US dollar and the rebound in oil supporting the Canadian counterpart. Analysts forecast USD/CAD at …
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19 April 2023 8:24 pm
US dollar slightly up on risk aversion
After declining on Tuesday, the US dollar is now moving in the right direction. The US dollar outperformed its competitors due to the steep rise in US Treasury bond yields.The main Wall Street indexes are trading in the red, but the US dollar is unable to gain any more ground. …
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19 April 2023 6:37 pm
Tesla’s earnings drop more than 20% from last year
Shares in electric vehicle maker, Tesla, dropped 4% after the company reported Q1 earnings after the bell. Here are the results. Earnings per share are 85 cents adjusted versus 85 cents expected, according to the average analyst estimates. Tesla’s revenues were $23.33 billion as opposed to the $23.21 billion anticipated. …
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19 April 2023 5:33 pm
EIA: Energy Information Administration: US crude inventories fell more than expected
Data from the Energy Information Administration on Wednesday showed that US crude oil inventories fell more than expected due to refinery consumption and higher exports, while gasoline inventories rose unexpectedly due to disappointing demand. Crude stocks fell by 4.6 million barrels in the week ending April 14 to 466 million …
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19 April 2023 4:15 pm
Morgan Stanley profit beats estimates on wealth business strength
As increased income from its wealth management division offset declining revenue from its investment banking and trading units, Morgan Stanley’s first-quarter profit exceeded expectations. However, in premarket trade, shares decreased by more than 2%. While wealth management witnessed an 11% increase in revenue and brought in $110 billion in net …
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19 April 2023 2:28 pm
Oil falls, as expectations of a rate hike overshadowed the decline in US inventories
Oil prices fell on Wednesday as the market assessed the possibility of the Federal Reserve raising interest rates which could slow growth and reduce oil consumption, which was offset by falling US inventories and strong Chinese economic data. And by 0641 GMT, Brent crude futures fell 35 cents, or 0.4 …
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19 April 2023 1:29 pm
Dollar is recovering, supported by rising bond yields
The dollar stabilized on Wednesday after swinging amid bond market volatility in previous sessions, as investors focused on US economic indicators, Federal Reserve comments and corporate earnings in search of clues to the path of interest rates. The dollar index, which measures the performance of the US currency against six …
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19 April 2023 12:33 pm
Japanese Nikkei index is falling after an 8-day rise
Japan’s Nikkei index closed lower on Wednesday, ending an eight-day rally, dragged down by heavyweight technology stocks. The Nikkei index fell 0.18 percent to 28,606.76 points, after closing at its highest level since Aug. 22 on Tuesday. The rise in the index was driven by optimism about billionaire Warren Buffett …
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19 April 2023 11:58 am
Britain’s inflation rate fell to 10.1% in March
Data from Britain’s Office for National Statistics showed on Wednesday that consumer price inflation in the country fell to 10.1 percent in March from 10.4 percent in February. Economists polled by Reuters had expected the annual rate to drop to 9.8 percent in March, further away from October’s 41-year high …
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19 April 2023 3:03 am
Market Drivers – US Session 18/04/2023
On a quiet Tuesday in the US session across financial markets, the US dollar fell. The Dollar Index declined again below 102.00, but it is still a long way from its recent low. US yields barely changed and remained close to recent monthly highs.Economic DataIn the first quarter, China’s GDP …
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19 April 2023 12:53 am
GBP/USD awaits UK CPI to ascertain BoE’s hawkish bias
Ahead of important data on Wednesday, the GBP/USD bulls are active in the market. Data on UK inflation will be released and may support the BoE’s hawkish stance. The GBP/USD currency pair has so far moved from a low of 1.2366 to a high of 1.2449, rising by 0.41% on …
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18 April 2023 11:51 pm
USD/CHF’s rally stalls at 0.8900
Under 0.9000, the USD/CHF pair encounters resistance, and it declines for the first time in three days. After two consecutive days of advances, the pair has dropped, down 0.17%, after reaching a weekly high of 0.8996. Prior to the closing of Wall Street, the USD/CHF is trading at 0.8969 at …
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