European stocks rose Thursday, July 13, as US inflation data boosted hopes that the US Federal Reserve is about to end the monetary tightening cycle after the Corona virus pandemic, although a mixed set of economic data limited the increase in gains. The pan-European Stoxx 600 index rose 0.1% by …
Read More »U.S. Economy Defies Tariff Fears with Robust 3% Growth in Q2
The U.S. economy grew at a robust 3% annual rate in Q2 2025, surpassing the 2.3% forecast despite tr…
Bank of Canada Holds Rates Steady Amid U.S. Trade Uncertainty
The Bank of Canada opted to keep its policy interest rate unchanged at 2.75% on Wednesday, July 30, …
U.S. Economy Grows at a Strong 3% Annual Rate in Q2, Surpassing Expectations
The U.S. economy expanded at a 3% annualized rate in the second quarter of 2025, according to the Bu…
U.S. Private Sector Employment Surges in July, Indicating Economic Resilience
According to the latest data from Automatic Data Processing (ADP), private sector employment in the …
Eurozone Economic Growth Slows as Trade Tensions and U.S. Tariffs Weigh on Outlook
The eurozone economy grew slightly faster than expected in the second quarter, but the overall perfo…
Gold Prices Unchanged Amid U.S. Trade Uncertainty and Fed Decision
Gold prices remained largely stable on Wednesday as investors weighed ongoing U.S. trade uncertainty…
Oil Prices Steady Amid U.S. Inventory Build and Federal Reserve Meeting
Oil prices remained steady in Asian trade on Wednesday, after sharp gains earlier this week, as mark…
BoC Poised to Hold Rates Steady Amid Trade Tensions
As the Bank of Canada prepares to announce its interest rate decision on Wednesday, July 30, 2025, e…
Crude Oil Surges as Trump Issues Ultimatum to Russia
Crude oil prices soared on Tuesday, driven by heightened geopolitical tensions as the U.S. issued a …
Pound Slips Amid Risk-Off Sentiment and US-EU Trade Deal Concerns
The British pound faced modest losses on Tuesday, caught in the crosshairs of a resurgent US dollar …
Market Analysis
July, 2023
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13 July 2023 11:37 am
The British economy contracted slightly less than expected in May
Britain’s economy contracted less than expected in May despite the impact of strikes and an extra holiday for banks to mark King Charles’ coronation, putting it on track to avoid contraction in the second quarter of the year. The Office for National Statistics said on Thursday that Britain’s economic output …
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12 July 2023 10:10 pm
Why Is Portugal Warning Of More ECB Hiking?
Portugal warned that further interest rate hikes by rhe European Central Bank will put the Eurozone growth in peril. The country’s finance minister says tightening to date is not fully absorbed. Further interest-rate increases by the European Central Bank would add to the dangers for the euro-area economy as it …
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12 July 2023 9:59 pm
US stocks climb post softer US inflation data
US stocks climbed after a softer than expected inflation report for June revived hopes the Federal Reserve was nearing the end of its interest rate increases.The Dow Jones Industrial Average was up 265 points or 0.8%, while the S&P 500 was up 0.9% and the NASDAQ Composite was up 1.2%. …
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12 July 2023 8:42 pm
Weak US CPI data drags USD/CHF lower to 8-year low
The USD/CHF pair has retreated to an 8-year low due to weak US CPI data, which indicates a more balanced supply-demand situation. The Consumer Price Index shows inflation cooling, with core CPI indicating a more balanced supply-demand situation. With inflation above the Fed’s 2% target, odds for a significant rate …
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12 July 2023 7:42 pm
Macklem explains policy after BoC hike decision
The Bank of Canada announced that it will raise the benchmark interest rate by 25 basis points to 5% in July, following its July policy meeting. This decision came in line with market expectations, as the Canadian economy has been stronger than expected and more momentum in demand. The BoC …
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12 July 2023 4:34 pm
Dollar is falling ahead of US inflation data, and sterling is at its highest level in 15 months
The dollar fell, hitting a two-month low on Wednesday, July 12, against other major currencies ahead of the release of US inflation data, while the British pound rose to a 15-month high on expectations that the Bank of England will continue to raise interest rates. The yen jumped to the …
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12 July 2023 3:00 pm
Nikkei records its lowest level in a month affected by the rise of the yen
Japanese stocks recorded the worst performance among Asian markets on Wednesday, July 12, with the Nikkei index falling to its lowest level in a month, as the yen’s rise curbed a rally in the market, but the possibility of listing a unit of the SoftBank Group limited losses. The Nikkei …
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12 July 2023 1:58 pm
European stocks rise ahead of the release of US inflation data
European stocks rose on Wednesday ahead of the release of US inflation data that will determine whether the Federal Reserve is close to ending its monetary tightening cycle. The pan-European Stoxx 600 index rose 0.3 percent in early trade. US data, due at 1230 GMT, is expected to show the …
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12 July 2023 1:12 pm
OPEC Secretary General: We expect global energy demand to rise by 23% until 2045
Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), said during an oil and gas conference in Nigeria that global energy demand is expected to rise by 23% until 2045. He added, “The global demand for energy is expected to increase by a significant rate of 23% …
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12 July 2023 3:35 am
Market Drivers – US Session – 11/07/2023
The US Dollar weakened during the US trading session ahead of the key CPI data in the United States. On Wall Street, the Dow Jones gained 0.93% and the Nasdaq rose 0.55%. Gold rose to $1,940, while Silver finished flat around $23.10. Crude oil prices rose more than 2%.The improvement …
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12 July 2023 2:18 am
Bank of Canada expected to hike by 25 basis points
The Bank of Canada is set to announce its Interest Rate Decision on Wednesday, July 12 at 14:00 GMT. The BoC is expected to hike rates by 25 basis points (bps) to 5.00%, contrary to its pause hints1. The decision will be published alongside a Monetary Policy Report, containing updated …
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12 July 2023 1:54 am
Investors confused over Bitcoin’s recent range
A short-term decline to $27,330 is anticipated to follow the price consolidation of bitcoin. A sell signal for ethereum causes an initial slump, but bears aim for $1,767. The $0.433 and $0.413 steady support levels will likely be retested by the ripple price. The price of bitcoin is still fluctuating …
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