On Thursday, the pound stabilized against the dollar as traders awaited the Bank of England’s meeting, widely anticipated to maintain UK rates, though uncertainty looms over its monetary policy outlook. This week sees a flurry of central bank decisions. Notably, the Bank of Japan surprised markets on Tuesday by abandoning …
Read More »Oil Prices Soar Amid U.S.-Iran Tensions – 2026 Outlook Brightens
Crude Oil Surges as Geopolitical Tensions Heat UpGlobal oil prices surged sharply this week as tensi…
Wall Street Stumbles as Global Tensions Bite, Inflation Clouds the Outlook
Wall Street opened today under a heavy cloud of renewed inflation worries. Fresh data showed that pr…
SpaceX ETF Hits Turbulence as Private Stock Stakes Balloon, A Private Giant in Public Hands
The SpaceX ETF is under the spotlight as its stake in the private space company has soared to nearly…
Behind the AI Race Scene: Is Apple Playing a Different Game?
In the high‑stakes world of artificial intelligence, the headlines are dominated by tech giants raci…
Gold Surges Past $5,200 Amid US-Iran Tensions
Gold reclaimed the $5,200 level on Friday, driven by heightened geopolitical risks and a surge in sa…
Dollar Fails to Shine as Inflation Heats Up, Euro Holds Its Ground, Yen Finds Footing
The U.S. dollar is showing signs of hesitation despite recent inflation data that many had expected …
Inflation Heats Up Again: Rising Producer Prices Shake Markets, Bitcoin Slips
Fresh U.S. inflation data has stirred markets, showing that price pressures are still lingering in t…
Germany’s Inflation Cools to 1.9% in February, Easing Pressure on the Euro
Germany’s annual inflation slowed to 1.9% in February, down from 2.1% in January, signaling a modest…
Oil Jumps as Iran Nuclear Talks Stall, Reviving Fears of Middle East Supply Disruptions
Oil prices climbed sharply on Friday after negotiations between the United States and Iran over Tehr…
Wall Street Futures Slide as Nvidia Pullback and Inflation Jitters Darken Week’s End
U.S. stock index futures fell on Friday, signaling a cautious close to the week as renewed pressure …
Market Analysis
March, 2024
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21 March 2024 12:49 pm
Germany’s Economic Downturn Eases in March Amid Signs of Stabilization
In March, Germany’s economic downturn showed signs of easing, with business activity in the country’s service sector approaching stabilization, according to a preliminary survey released on Thursday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to 47.4 in March from 46.3 in February. Although …
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21 March 2024 11:41 am
Britain’s Budget Deficit Widens in February Due to Rising Costs and Past Inflation
In February, Britain experienced a larger-than-expected budget deficit, driven by increased cost-of-living payments and the lingering impact of past inflation on public finances, according to official data released on Thursday. The public sector net borrowing, excluding state-owned banks, amounted to £8.401 billion last month, compared to £11.843 billion recorded a …
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21 March 2024 11:07 am
Oil prices rise supported by a decline in US inventories of crude and gasoline
Oil prices rose on Thursday after falling in the previous session, supported by a decline in crude and gasoline inventories in the United States after indications that the Federal Reserve (the US central bank) may keep interest rates high for a longer period, affecting expectations for future fuel demand. By …
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21 March 2024 10:33 am
Gold Hits Record High on Fed’s Interest Rate Cut Pledge
Gold prices surged to unprecedented levels on Thursday, driven by a decline in the dollar and bond yields following the Federal Reserve’s decision to maintain expectations of three interest rate cuts this year. The allure of gold strengthened as low interest rates diminished the opportunity cost of holding non-yielding bullion …
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21 March 2024 4:19 am
Market Drivers – US Session, March 20
The US Dollar Index (DXY), which had earlier risen above 104.00, eventually dropped later on Wednesday after FOMC decision, hitting lows of 103.00s. FOMC decision, to keep interest rate unchanged in March, significantly had an impact on market mood including the performance of US stocks as well as gold prices.Economic …
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21 March 2024 3:59 am
AUD/USD advances following FOMC decision
The Federal Reserve’s decision to hold rates unchanged and to adhere to the US monetary policy projection from the previous year, which suggests 75 basis points (bps) of rate cuts in 2024, caused the Australian dollar to leap 0.83% against the US dollar on Wednesday. The pair trades at 0.6595, …
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21 March 2024 2:22 am
US Dollar Nosedives After FOMC Rate Decision
Following the FOMC’s decision to keep interest rates steady and Fed Chair Jerome Powell’s press conference, which in March established a higher for longer attitude while also hinting at three rate decreases before 2024 ends, the US dollar fell to its lowest point this week.FOMC Decision in Line with Expectations …
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21 March 2024 1:56 am
Dow skyrockets to fresh record after Fed’s hints at 3-rate cuts
After the Fed had hinted at three rate cuts in the pipeline for 2024, the Dow surged to new heights. Following the Federal Reserve’s the retention of Fed’s 23-year high rate of interest rate and its hold on the projections for three rate cuts before the end of 2024, the …
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21 March 2024 12:09 am
FOMC Decision Seen as Price-Friendly for Gold, Triggers Fresh Rally
The Federal Reserve maintained its monetary policy unchanged at the recently concluded Federal Open Market Committee (FOMC) monetary policy meeting, as anticipated. At 5.25% to 5.50%, the main Fed Funds interest rate range remained unchanged. It seems that the FOMC statement took a moderate stance on policy, neither being very …
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20 March 2024 10:57 pm
Powell: Policymakers made no decisions about future meetings in March
Fed Chair Jerome Powell has explained the decision to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responds to questions in the post-meeting press conference.Key Statements:“We want to see more data that gives us higher confidence on inflation moving down sustainably.”“We made no decisions …
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20 March 2024 10:43 pm
Fed Signals Interest Rate Cuts in 2024
On Wednesday, the Federal Reserve kept the interest rate in the 5.25%-5.50% area without any change at the end of its meeting that began one day ago, which was in line with market expectations.The central bank has been holding the interest rate at these levels since July 2023, when the …
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20 March 2024 10:06 pm
FOMC Holds Rate Policy Unchanged As Broadly Expected
Following its meeting in March, the Federal Reserve has just announced its monetary policy decision to hold the US central bank’s policy rate at 5.25%–5.5%. All eyes focus now on the policy statement as well as the press conference starring Fed Chair Jerome Powell.
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