During Asian trading on Thursday, the Japanese yen advanced against its American counterpart, bolstered by increasing expectations of the Bank of Japan’s (BOJ) departure from negative interest rates later this month. Consequently, the dollar/yen pair depreciated – at the time of reporting – to 148.09 from 149.34, with the pair’s …
Read More »March 2026 Market Snapshot: Labor Softens, Inflation Holds Steady, Volatility Rules
February’s employment report, released early March, showed a clear pullback: nonfarm payrolls droppe…
Wall Street Slides Into Correction as Oil Shock and Geopolitical Fears Ignite Market Panic
US equities came under heavy selling pressure on Friday, with major indexes extending their decline …
Europe’s Carmakers Race Into the Defense Economy
A Strategic Shock Reshaping European Industry: Europe is no longer treating defense as a peripheral …
Sterling Under Pressure as Global Tensions Lift the Dollar
The British Pound struggled to maintain momentum at the end of the week, hovering just above the 1.3…
U.S. Treasury Yields Hit Multi-Month High as Oil Surge Fuels Inflation Fears
Benchmark U.S. Treasury yields climbed to their highest level since July on Friday, as investors rea…
Bitcoin Slips as Iran War Uncertainty and $14 Billion Options Expiry Weigh on Sentiment
Bitcoin declined on Friday, capping a subdued week as investor caution intensified amid geopolitical…
U.S. Futures Decline as Oil Tops $110 and Middle East Risks Intensify
U.S. stock futures moved lower on Friday, while oil prices climbed back above the $110-per-barrel ma…
European Stocks Hold Steady as Hormuz Crisis Keeps Oil Elevated
European equity markets traded in a narrow range on Friday, as investors weighed persistent geopolit…
Gold Rebounds Over 2% as Softer Dollar and Iran Talks Support Bullion
Gold prices rose sharply in Asian trading on Friday, recovering from the previous session’s losses a…
UK Retail Sales Fall Less Than Expected, But Rising Energy Costs Cloud Outlook
British retail sales volumes declined in February, highlighting growing pressure on consumer spendin…
Market Analysis
March, 2024
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7 March 2024 12:07 pm
Oil prices maintain their gains supported by optimistic Chinese trade data
Oil prices stabilized on Thursday, maintaining the gains achieved on Wednesday fueled by optimistic Chinese trade data and a smaller-than-expected increase in US crude inventories alongside a significant drawdown in fuel inventories. However, the market was tempered by expectations of delayed interest rate cuts in the United States, limiting the …
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7 March 2024 10:40 am
Will the ECB Move Swiftly to Cut Interest Rates or Opt to Wait Until June?
As anticipation mounts ahead of the European Central Bank’s interest rate decision scheduled for tomorrow, Thursday, analysts widely anticipate a status quo stance, with the bank likely to maintain interest rates unchanged at 4.50%. With this expectation in mind, market attention is poised to shift towards the bank’s economic forecast …
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7 March 2024 3:38 am
Market Drivers – US Session, March, 6
More softening of the US employment market supported the growing likelihood of a rate decrease by the Fed in June, which further undermined the value of the dollar. Meanwhile, gold reached all-time-high, around $2,150 per ounce, as a result of more gains, and the EUR/USD pair broke above 1.0900 during …
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7 March 2024 1:07 am
WTI backslides into $78.50 after climbing to $80.00
After US Fed Chair Jerome Powell stated that the Fed does not anticipate an increased danger of recession in the US economy, WTI US Crude Oil surged to its highest bids in a week. WTI immediately changed direction and dropped back into the $78.50 range, but it is still in …
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7 March 2024 12:59 am
EUR/USD touches five-week high ahead of ECB rate decision
The EUR/USD pair has reached a five-week high after Fed Chair Jerome Powell confirmed that policy loosening is likely this year. The pair was on track to close in the green territory for a fourth consecutive trading day and edged higher to the 1.0901 level, as markets prepare for another …
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7 March 2024 12:25 am
USD/JPY, Treasury yields trading lower after Powell’s remarks
The US dollar continues to fall against the Japanese yen for the second trading day in a row, which came on Wednesday after the markets weighed in on expectations that the Federal Reserve could likely start cutting interest rates after ensuring that inflation is duly contained based upon robust data.Treasury …
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7 March 2024 12:20 am
Powell’s no news is good news for US stocks
The S&P 500 rose on Wednesday after losing consecutive sessions on Wall Street. The broad index added 0.4%, while the Nasdaq Composite climbed 0.6%. The Dow Jones Industrial Average traded near its flatline, weighed down by a drop of over 2% in Disney. Investors attempted to push the market higher …
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6 March 2024 10:57 pm
US dollar nosedives after Powell’s testimony, ADP data
The US Dollar Index (DXY) is experiencing losses following the soft print for January’s JOLTs Job Quits and Job Openings as well as the weak ADP Employment Change report for February. The Dollar Index (DXY) is 0.45% down, trading at 103.313 at the time of writing.Federal Reserve Chair Jerome Powell …
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6 March 2024 9:32 pm
Gold stabilizes after soaring to all-time high ever, post Powell’s testimony
Spot Gold prices reached a new record high on Wednesday, with XAU/USD reaching a tentative all-time high ever at $2,150.00. the precious metal is trading at $2143.64, and is still up 0.74% at the time of writing.This comes after Federal Reserve Chair Jerome Powell’s two-day appearance, where he clarified the …
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6 March 2024 7:23 pm
Fed’s Powell reiterates need for more data before rate cut
US Federal Reserve Chair Jerome Powell has assured the members of Congress that upcoming decisions on when and how fast to cut interest rates will be based solely on economic data. Powell stated that rate cuts “really will depend on the path of the economy. Powell stressed that Fed’s focus …
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6 March 2024 6:01 pm
US ADP private sector employment rises in February
Private sector employment in the US increased by 140,000 in February, according to the Automatic Data Processing (ADP) report released on Wednesday. This figure represented a rise from the revised January number of 111,000 (previously reported as 107,000), but fell short of market expectations, which had anticipated a gain of …
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6 March 2024 3:36 pm
European Stocks Find Stability Ahead of Key Economic Data and Powell’s Testimony
In early trading on Wednesday, European stocks stabilized, with positive gains offsetting losses, ahead of the release of key economic data for the euro zone and Federal Reserve Chairman Jerome Powell’s testimony before Congress. The European STOXX 600 index remained steady at 0809 GMT, showing signs of stability. The basic …
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