US new home sales jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year’s lofty levels. The Commerce Department report followed on the heels of data showing a surge in permits for …
Read More »Euro Soars to Near Three-Year High as PPI Data and Trump’s Tariffs Sink US Dollar
The Euro surged against the US Dollar for the second consecutive day, nearing a three-year high, as …
Why Do U.S. Bond Yields Keep Declining?
U.S. bond yields experienced a significant setback on Thursday following the release of producer pri…
Silver Surges Above $36 as US Dollar Hits Three-Year Low
Silver (XAG/USD) has staged a strong recovery, climbing past $36.00 after hitting a five-day low of …
US Stocks Defy Geopolitical Tensions as Producer Prices Ease
US stock markets climbed on Thursday, shrugging off geopolitical uncertainties as softer-than-expect…
Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Soft PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, th…
U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by…
Dollar Hits 2025 Low as Stocks Ease, Safe-Haven Assets Rise Amid Middle East Tensions and Trade Concerns
The U.S. dollar fell to a new low for 2025 on Thursday, while global stocks eased from record highs,…
U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions
U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the annou…
Market Analysis
May, 2023
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23 May 2023 9:39 pm
Oil rallied after Tuesday’s strong US economic data
Tuesday saw a rally in oil prices, and a bullish triangle appeared on the 4-hour chart, indicating that the bearish trend might be changing. The release of API inventory data later on Tuesday may cause some volatility in the movement of Crude Oil prices. A recent EIA report highlights increased …
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23 May 2023 8:41 pm
China escalating tech war by restrictions on US Micron
The Chinese ban’s impact on US Micron will vary depending on how China defines critical information structure. Without Micron products, Chinese companies are likely to turn to South Korean chip makers like Samsung. Micron Technology, the largest US memory chip maker, is assessing its losses following a partial sales ban …
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23 May 2023 7:43 pm
After PMI data, the dollar jumps to a fresh two-month high.
As a result of equities and bonds doing poorly, the US Dollar Index erased the losses it had incurred on Monday. After mixed sector readings for the Purchase Manager’s Index were released, with Services remaining robust and Manufacturing shrinking, the dollar has maintained its gains. The dollar has stabilised and …
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23 May 2023 4:55 pm
Saudi minister warns oil short-sellers ahead of OPEC meeting
Saudi Arabia’s energy minister has cautioned oil speculators to “be careful” ahead of the latest OPEC+ meeting, after the group decided to cut output in early April. “I would just tell them to watch out,” Prince Abdulaziz bin Salman remarked on Tuesday, implying that those wagering against oil price hikes …
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23 May 2023 3:46 pm
IMF no longer expects recession in the UK; ups growth forecasts
The UK will avoid a recession this year, according to the IMF, which added that the country’s economy has been “buoyed by resilient demand in the context of declining energy prices.” The Washington-based think tank now predicts UK GDP to expand 0.4% in 2023, owing to higher wage growth, more …
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23 May 2023 2:22 pm
BoE’s Bailey says ‘big lessons’ to be learned from inflation surge
Bank of England Governor Andrew Bailey said on Tuesday the central bank had “very big lessons to learn”, with inflation still in double digits and food prices rising at the fastest rate since the 1970s. “I think there are very big lessons about how we operate monetary policy in the …
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23 May 2023 1:01 pm
Japan’s Nikkei index retreated from its highest level in 33 years
Japan’s Nikkei index fell sharply on Tuesday after reaching a 33-year high, with some investors rushing to sell stocks to lock in profits, after the index posted eight straight days of gains. The Nikkei index started the day’s trading strongly and reached a new peak at 31352.53 points, a level …
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23 May 2023 12:17 pm
European stocks fell, with Julius Baer falling
European stocks fell on Tuesday, dragged down by Swiss wealth manager Julius Baer after weak results, while investors await data on business activity in the euro zone for clues about the path of interest rates. The pan-European Stoxx 600 index was down 0.3% by 0715 GMT, with the travel and …
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23 May 2023 10:43 am
Dollar is at its highest level in 6 months against the yen
The dollar touched a six-month high against the yen on Tuesday amid the continuing debt ceiling crisis in the United States and growing expectations that interest rates there will remain higher for a longer period. The dollar rose to a six-month high of 138.80 against the yen in early Asian …
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23 May 2023 9:25 am
Gold is falling amid the strength of dollar
Gold prices fell on Tuesday, affected by the strength of the dollar, while investors watched the continued attempts to reach an agreement to end the debt ceiling crisis in the United States. Spot gold fell 0.4 percent to $1,962.06 an ounce by 0306 GMT. US gold futures also fell 0.6 …
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23 May 2023 3:28 am
Market Drivers – US Session – 22/05/2023
Gold’s gains from Friday were partially reversed, with XAU/USD slipping towards $1,970/oz. Additionally falling, silver finished the day at $23.60. The performance of cryptocurrencies was uneven, with BTC/USD failing to recoup $27,000. Prices for crude oil increased somewhat; WTI got close to $72.00. On a quiet Monday in the financial …
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23 May 2023 3:01 am
Wall Street mixed as investors focus on debt ceiling talks
Wall Street closed mixed on Monday, with the Nasdaq helped by gains in Alphabet and Meta Platforms, while the S&P 500 ended near flat as investors refrained from big bets ahead of a fresh round of talks about raising the U.S. debt ceiling.President Joe Biden and top congressional Republican Kevin …
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