The Stoxx Europe 600 Index rose 0.1% on Monday as new data showed the euro zone economy returned to growth in the three months through June and inflation fell.The combined gross domestic product of the 20 countries that use the euro grew at an annualized rate of 1.1% in the …
Read More »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 …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Market Analysis
July, 2023
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31 July 2023 4:35 pm
Positive data from Euro area
Positive data from the Eurozone showed a growth in the GDP in the first reading of the second quarter at 0.6%, and a slowdown in inflation to levels of 5.3% in July. The Eurozone has been battling high inflation for the past year, which has prompted the European Central Bank …
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31 July 2023 2:55 pm
Nikkei rose to the highest level in 4 weeks
Japan’s Nikkei index rose on Monday to a four-week high, amid an improvement in investor sentiment on the back of calm in the bond market after the Bank of Japan’s sudden policy adjustment and optimism over slowing inflation in the United States. The results of some companies led to an …
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31 July 2023 12:41 pm
European stocks fell ahead of Eurozone inflation data
European stocks fell on Monday ahead of data expected to show inflation slowing in the euro zone in July, likely supporting expectations that the European Central Bank will keep interest rates unchanged in September. The pan-European Stoxx 600 index fell 0.1% by 0714 GMT, but looked set to record gains …
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31 July 2023 11:07 am
Goldman Sachs adjusts its forecast for oil demand upwards
Goldman Sachs revised upward its forecast for global oil demand for this year, but kept its 12-month Brent crude price forecast at $93 a barrel, as increased inventories offset the support demand received from ebbing pessimism about the growth outlook. Goldman Sachs analysts estimated a jump in global oil demand …
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31 July 2023 10:01 am
Oil is heading for its biggest monthly gain in more than a year
Oil prices hovered near a three-month high on Monday and were on track for their biggest monthly gain in more than a year amid expectations that Saudi Arabia will extend voluntary output cuts into September and global supplies tighten. By 0005 GMT, Brent crude futures fell 9 cents to $84.90 …
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31 July 2023 5:06 am
Financial Markets’ Weekly Recap, July 24-28
More central bank decisions are in the pipeline for the new trading week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will continue in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market …
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29 July 2023 4:18 am
Market Drivers – US Session, July 28
Due to strong US economic data, the US Dollar increased throughout the week and was among the best performers. The dollar needs one more set of positive figures in order for the rise to continue. After Thursday’s surge in response to the release of US GDP statistics, the DXY recorded …
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29 July 2023 1:58 am
GBP/USD dropped on BoE’s policy decision speculations
The GBP/USD exchange rate fell to its lowest point since July 6 on Friday, and investors are still worried that the Federal Reserve will be attacked by hawks in the wake of the US’s release of stronger-than-expected second-quarter GDP figures.On August 3, the Bank of England is expected to raise …
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29 July 2023 12:25 am
USD/JPY volatile as investors digest PCE data, BOJ’s Decision
After four days of losses, the USD/JPY pair almost reached 150.00. After the BOJ’s Monetary stance Statement reiterated its ultra-loose stance, USD/JPY gave up earlier gains.US Core PCE declined to 4.1% YoY in June, which fueled a drop in US rates. The USD/JPY pair hit a daily low of 138.05. …
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28 July 2023 11:24 pm
Oil surges for fifth week ahead of OPEC meeting
There are a number of reasons why the price of oil should be anticipated to rise, including constant official announcements about Saudi supply reductions, US economic growth that has surpassed forecasts, and fewer Americans filing jobless claims despite moderate jobs growth, among others.Although weekly petroleum data from the US government …
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28 July 2023 10:39 pm
How Have Treasury Yields Reacted to BoJ’s Tweak?
On Friday, as markets processed the Bank of Japan’s decision to alter its ultra-loose monetary policy as well as data showing a continuing reduction in annual US inflation, global shares surged and US Treasury yields decreased.The Bank of Japan modified its yield curve control strategy on Friday by offering to …
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28 July 2023 9:47 pm
USD/CAD lower as Canadian data fails to boost Canadian dollar
On Friday, the USD/CAD pair is trading sideways, holding close to its levels from a week ago. The Canadian GDP increased by 0.3% in May, and core consumer inflation in the US is decreasing, according to US data. The price of the pair rose to weekly highs at 1.3248 but …
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