US weekly jobless claims data came volatile this week. Markets have been using them as a guide to identify the US job market’s turning point for a few weeks now. In the early days of the epidemic, the same thing took place the other way around. Relying on a weekly …
Read More »Oil prices defy expectations post OPEC’s Decision
On Monday, oil prices defied expectations, climbing despite OPEC+’s surprise production hike, fueled…
EUR/JPY Climbs: Are Trump’s Tariffs and EU Trade Hopes a Game-Changer?
The EUR/JPY pair is riding a wave of optimism, fueled by prospects of a US-EU trade deal and a robus…
GBP/USD Stalls as Trump’s Tariffs and Policy Splits Pressure Markets
The Pound Sterling hovers near 1.3638 on July 7, 2025, caught between US-Iran tensions, US President…
Markets Reel as Trump’s Tariffs and Iran Tensions Boost Dollar
President Donald Trump’s tariff threats targeting over 100 countries by July 9, 2025, coupled with h…
Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
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…
Market Analysis
June, 2023
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30 June 2023 7:42 pm
Bitcoin holds above $30,000 despite Biden’s remarks on crypto tax
US President Joe Biden said that the federal tax system will eliminate loopholes for crypto traders. Bitcoin price held above the $30,000 psychological level, undeterred by Biden’s speech. The most famous crypto asset is trading around $30,005 at the time of typing. The Wall Street Journal has previously reported on …
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30 June 2023 3:06 pm
The UK economy grows 0.1% in Q1
Britain’s National Bureau of Statistics data showed on Friday that the British economy grew by 0.1 percent in the first quarter of this year, unchanged from preliminary estimates published last month. The office said that the British gross domestic product in the first quarter of this year was 0.5 percent …
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30 June 2023 2:05 pm
British Prime Minister: The Environment Minister was asked to apologize, so he decided to resign
British Prime Minister Rishi Sunak said on Friday that Environment Minister Zac Goldsmith had been asked to apologize for criticizing a parliamentary committee, but had decided to resign instead. Goldsmith was reprimanded on Thursday by a parliamentary committee that has been critical of the conduct of a group of allies …
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30 June 2023 1:33 pm
Germany’s unemployment rate rises more than expected in June
Data from Germany’s Federal Labor Office showed on Friday that the country’s unemployment rate rose more-than-expected in June. The office said that the number of unemployed increased by 28 thousand people in light of seasonal adjustments to reach 2.61 million people. Analysts polled by Reuters had expected an increase of …
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30 June 2023 12:39 pm
European stocks rise, supported by hopes of economic stimulus in China
European stocks rose on Friday after weak factory activity data in China boosted hopes for more stimulus policies, while investors awaited key inflation data to look for other clues about the direction of global interest rates. The pan-European Stoxx 600 index was up 0.3 percent by 0703 GMT. The index …
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30 June 2023 11:53 am
Nikkei drops ahead of earnings season
The Japanese Nikkei index trimmed its losses to close lower on Friday and stop rising before the season of companies announcing their earnings, but it achieved gains for the sixth month in a row as a result of investors’ appetite to buy falling stocks. The Nikkei fell 0.14% to 33,189.04 …
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30 June 2023 10:21 am
Oil is heading to record its first monthly increase this year with declining supplies
Oil prices rose on Friday, and Brent crude is heading for its first monthly increase this year, as a significant decline in US crude oil inventories erased fears that fuel demand would be affected by any new increase in interest rates. Brent crude futures for September delivery were up 16 …
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30 June 2023 9:46 am
Gold is near its lowest level in about 4 months, after Powell hinted to raise interest rates
Gold settled near its lowest level in four months on Friday, as investors awaited important US inflation data later on Friday, after a group of strong data and statements in favor of monetary tightening from Federal Reserve officials increased bets on raising interest again. And gold settled in the spot …
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30 June 2023 4:21 am
Market Drivers – US Session – 29/06/2023
USD/CAD registered minuscule losses on Thursday in a session that witnessed the US Dollar as the strongest currency, which rose on better-than-expected US economic data which failed to boost the USD/CAD. The USD/CAD is trading at 1.3249 after hitting a high of 1.3285. Despite late Thursday’s corrective rally from multi-day …
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30 June 2023 2:45 am
Dollar Index Surges On upbeat US data
In reaction to the soaring US Treasury bond yields and expectations of Fed tightening, the US Dollar Index rises by 0.37%. EMAs are below the current values in DXY’s consolidation, and the RSI has crossed the neutral line, signalling positive momentum. DXY aims for resistance at the 200-day EMA at …
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30 June 2023 12:58 am
Treasury Yields Surge As Traders Favour More Fed’s Hikes
As speculators favoured two more looming Fed rate hikes, US Treasury rates soared on Thursday, reaching their highest levels since March. Trading participants bet that the Fed will increase rates twice more this year as a result of strong economic growth data.The two-year rate increased by as much as 18 …
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30 June 2023 12:50 am
Fed’s Bostic: Inflation has fallen
Atlanta Federal Reserve Bank President Raphael Bostic, who supports standing pat on the Fed’s policy rate, on Thursday said it is clear US inflation has fallen, though in recent months the signals have been less clear.“I think it’s unambiguous that inflation has fallen considerably,” Bostic said at a dinner in …
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