US Treasury Secretary Janet Yellen is reaching out to business and financial leaders to explain the “catastrophic” impact a US default on its debt would have on the U.S. and global economies.Treasury secretary is having one-on-one conversations with individual CEOs to warn them about the “dangerous consequences of the current …
Read More »European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Market Analysis
May, 2023
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8 May 2023 11:42 pm
Explainer: Why is the Euro at risk?
The Euro is at risk due to a number of unanswered questions, such as what central banks will do next and when interest rates will be cut. PMI surveys have turned sharply lower in China and Europe, and the dollar has fallen out of favour as western central bank policy …
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8 May 2023 10:37 pm
Fed Survey: Banks reported tighter standards and weaker demand for loans
The US central bank released the April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, which has become more relevant in the context of concerns about regional US banks. The survey results reflect the first quarter of 2023.According to the report, survey respondents reported, on balance, tighter standards …
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8 May 2023 9:16 pm
Fed’s Goolsbee: Will get critical data on credit conditions today
On Monday, Chicago Federal Reserve Bank President Austan Goolsbee said that the Fed’s Senior Loan Officer Opinion Survey for the first quarter will provide critical information on credit conditions.“We should be extra-attuned to issues in bond market related to debt limit,” Goolsbee added.Regarding the Fed’s policy outlook, Goolsbee reiterated that …
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8 May 2023 8:24 pm
USD/CHF slides on risk aversion ahead of US CPI data
The USD/CHF pair begins the week with minimal losses as risk aversion continues in the driver’s seat. US Wholesale inventories were unchanged in March, jumping 9.1% annually despite a first-quarter decline.Traders are eying the Fed’s Senior Loan Officer Survey alongside US inflation data. The USD/CHF pair commenced the week with …
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8 May 2023 6:01 pm
BoE: Bailey will break the Pound’s surge
Regarding rising interest rates, that appears to be the thinking going through the minds of Bank of England (BoE) policymakers. Despite persistent inflation and salary increases, the “Old Lady” has predicted a downturn. Accordingly, the Bank of England is expected to raise borrowing prices at its forthcoming ‘Super Thursday’ event, …
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8 May 2023 4:20 pm
Futures edge higher, key inflation data awaited
On Monday, U.S. stock index futures moved higher ahead of a crucial inflation report later this week that will be scrutinised to see if the Federal Reserve’s attempts to lower prices were working, while regional bank shares extended gains. PacWest Bancorp jumped 33% premarket after the business issued a quarterly …
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8 May 2023 3:40 pm
Oil is rising as recession fears begin to recede
Oil prices rose on Monday as fears of a recession in the United States eased and shifted market focus to tight supply, supporting prices after they posted a weekly decline for three consecutive weeks for the first time since November. A better-than-expected US jobs report for April helped oil prices …
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8 May 2023 2:46 pm
Dollar is under pressure, ahead of US data
The dollar started this week’s trading under pressure on Monday as traders bet that it may have peaked along with US interest rates as they await the release of inflation and loan data this week. Sterling rose slightly on Monday and hovered around an 11-month high of $1.2652, with particular …
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8 May 2023 1:24 pm
Gold shines with anticipation of US inflation data
Gold prices rose on Monday as the dollar weakened as investors await key US inflation data due this week that could influence the Federal Reserve’s monetary policy stance. Spot gold rose 0.2 percent at $2,020.80 an ounce by 0634 GMT. And US gold futures rose 0.2 percent to $ 2029.30. …
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8 May 2023 12:04 pm
Japan stocks closed lower amid a strong yen and concerns in the US banking sector
Japanese stocks closed lower on Monday as investors sold stocks as the yen rose against the dollar and concerns about the US banking sector persisted. The Nikkei index fell 0.71 percent to 28,949.88 points, closing below the 29,000 level for the first time since April 28. The index hit its …
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8 May 2023 10:51 am
Oil is rising as recession fears begin to recede
Oil prices rose slightly in early Asian trading on Monday as fears of a recession in the United States began to recede, after causing prices to fall for three consecutive weeks for the first time since November. Brent crude futures rose 6 cents to $75.36 a barrel by 0022 GMT. …
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8 May 2023 2:39 am
Financial Markets’ Weekly Recap, May 1-5
The Fed delivered as expected on Wednesday by raising interest rates by 25 basis points and signaling a pause. However, renewed banking developments stole the headlines from the Fed and triggered a fresh wave of risk aversion, as well as bets of rate cuts during the second half of the …
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