Gold price has stabilized +0.40% trading at %2387.80 per ounce after the precious metal’s earlier surge at $2,417 per ounce following the escalating Middle East conflict between Israel and Iran. The price stabilized after Tehran indicated no immediate plans for retaliation, calming initial fears. US Treasury yields and the US …
Read More »Market Drivers; US Session, April 25
Before Friday’s release of PCE data, the USD Index (DXY) had already fallen to multi-day lows …
Will Eurozone’s Prices Impose Bumpy Road Ahead for ECB?
The Eurozone’s recovery from the recent downturn is largely due to the growth of the service s…
Dow Jones stumbles amid still hot inflation
The Dow Jones fell over 500 points on Thursday due to inflation complications and missed US GDP figu…
What to Expect from Looming PCE Report?
March is likely to see the Fed’s Personal Consumption Expenditures (PCE) index stay stubbornly…
Treasury yields rise after inflation data
US Treasury yields continued to rise since the beginning of daily trading on Thursday, with a boost …
US dollar records mild gains following GDP, jobs data
The US Q1 GDP shows a slower growth rate of 1.6% YoY. Positively, there is a solid weekly trend in j…
Gold price steadies as GDP data influences interest rate outlook
Gold price has maintained intraday gains above $2,300 amid higher US Q1 GDP inflation. Gold is tradi…
US economic growth slows more than expected in Q1
The US economy is expected to have maintained solid growth in the first quarter of the year, albeit …
Gold rises before the announcement of US economic data
Gold prices rose on Thursday with a decline in the dollar, while investors focused on US economic da…
Oil is stable as the market is affected by US demand concerns and the Middle East conflict
Oil prices saw little change on Thursday amid a decline in fuel demand in the United States, the wor…
Market Analysis
April, 2024
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19 April 2024 10:59 pm
How Has Wall Street React to Netflix earnings?
Wall Street is somehow divided regarding Netflix’s first-quarter earnings. After the release of their first-quarter earnings report, Netflix’s stock price is declining. This is mostly because of two things: first, the firm decided not to reveal subscriber numbers in future earnings reports beginning next year; second, the second quarter’s outlook …
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19 April 2024 9:17 pm
USD/CHF edges up following Fed Golsbee’s comments
The US Dollar has retraced losses and is now at levels below 0.9100. A doji candle in the weekly chart and bearish divergence on intra-day charts suggest a deeper correction. USD/CHF bears need to breach the 0.9075 support level to confirm a trend shift. The Federal Reserve is likely to …
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19 April 2024 8:55 pm
Market Participants Still Focusing on Policy Divergence
The US dollar reached new heights this week due to bets on when the Fed will most likely begin its easing cycle. Meanwhile, confidence in an ECB interest rate cut in June continued to build, pushing the EUR/USD down to as low as the 1.0600 region. The EUR/USD is trading …
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19 April 2024 8:00 pm
Fed’s Goolsbee: Makes sense to wait to get more clarity before moving
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step, This sort of statements could be looked upon as a resonation of the broad hawkish stance and Fed’s tendency …
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19 April 2024 3:07 pm
Russia reduces the share of the Middle East and OPEC in the Indian oil market to unprecedented levels
European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares (EPA:OREP) bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European …
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19 April 2024 1:47 pm
European stocks fall to the lowest level in a month due to tension in the Middle East
European stock markets opened lower on Friday, hitting their lowest levels in over a month as concerns over the escalating conflict in the Middle East weighed on trader sentiment. However, L’Oreal shares bucked the trend and rose after the French cosmetics giant reported better-than-expected quarterly sales results. The European STOXX …
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19 April 2024 11:37 am
Japan’s Nikkei fell as chip-related stocks fell and tension in the Middle East
Japan’s Nikkei index suffered its most significant daily decline in over two and a half years on Friday, dragged down by losses in chip-related stocks following the downturn in Taiwan’s TSMC. Additionally, escalating turmoil in the Middle East dampened risk appetite among investors. The Nikkei plummeted 2.66 percent to close …
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19 April 2024 11:09 am
Oil prices jump 3 percent amid reports of Israeli strikes on Iran
Oil prices surged by $3 a barrel on Friday following reports of Israeli missile strikes on a site in Iran, heightening concerns over potential disruptions to oil supplies in the Middle East. Benchmark contracts initially spiked more than $3 before slightly retracing their gains. By 0200 GMT, Brent crude futures …
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19 April 2024 10:29 am
Gold rises amid fears of the expanding scope of the conflict in the Middle East
Gold prices climbed on Friday as risk aversion gripped financial markets following reports of bombings in Iran. These reports raised concerns about a potential escalation in regional tensions, bolstering gold’s status as a safe-haven asset. By 0429 GMT, spot gold rose by 0.3 percent to $2,386.05 per ounce, after briefly …
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19 April 2024 1:49 am
Market Drivers; US Session, April 18
Further hawkish comments from Fed speakers boosted the US dollar and sparked a decent bounce in US yields, while the ECB’s officials maintained dovish stance and continued to advocate the start of the central bank’s rate cut and monetary easing next the summer.Developments In Forex SpaceThe US dollar regained upside …
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19 April 2024 1:31 am
IMF: Russian economy will grow faster than the US
The International Monetary Fund expects that Russia’s economy will grow by 3.2% in 2024, outpacing all advanced economies, including the US. Despite the war, high investment and robust private consumption have driven Russia’s economy forward. The IMF expects this momentum to fade in 2025, with Russia growing at a rate …
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19 April 2024 12:37 am
Bitcoin recovers as halving countdown attracts attention
The price of bitcoin has recovered to the level of support that drove the bull market in 2023, with nearly nil profit margins for traders. A potential turning point in the decline of the price of Bitcoin is not totally ruled out, though. A week of declining prices for Bitcoin …
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