Oil prices rose on Friday by more than a dollar, on track to achieve gains for a second week amid growing fears that the conflict between Israel and Gaza could spread to the Middle East and thus disrupt supplies from one of the largest crude production regions in the world. …
Read More »Dollar dips as dovish Fed comments weigh; euro steadies, yen firms on rising JGB yields
The U.S. dollar edged lower on Tuesday as investors digested dovish remarks from Federal Reserve Gov…
Oil slips as Russian exports resume; traders eye sanctions drag and 2026 surplus
Crude prices fell nearly 1% on Tuesday after Russia’s Novorossiysk port resumed loadings, easing imm…
Bitcoin sinks below $90,000 as Fed uncertainty and data backlog sap risk appetite
Bitcoin slid to its lowest level in nearly seven months on Tuesday, breaking below the $90,000 handl…
European shares slump as AI valuation jitters deepen; Nvidia in focus, oil eases as Russian exports resume
European equities fell sharply, mirroring Wall Street’s tech-led selloff as investors questioned the…
Gold slips as dollar firms; markets eye delayed U.S. payrolls
Gold extended losses in Asian trading, pressured by a firmer U.S. dollar as traders pared back expec…
U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Oil slips as Novorossiysk resumes loadings; supply-risk premium cools
Crude prices eased Monday, giving back part of Friday’s surge after tanker-tracking data showed Russ…
Bitcoin pares losses after six-month low as Fed cut hopes fade; Japan weighs tougher crypto rules
Bitcoin trimmed part of its slide on Monday but stayed under pressure, with fading expectations of a…
European Stocks Edge Lower as Global Growth Worries Linger; Nvidia Earnings Loom
European equities drifted lower at the open on Monday, with investors uneasy about global growth and…
Market Analysis
October, 2023
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20 October 2023 4:47 pm
Oil is on its way to rising for the second week against the backdrop of the conflict in Gaza
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20 October 2023 2:59 pm
Dollar touches the 150 level against Yen with a boost from Powell’s statements and Treasuries
On Friday, the dollar briefly touched the 150 level against the closely watched yen, supported by a rise in US 10-year Treasury bond yields towards 5 percent after Federal Reserve Chairman Jerome Powell indicated that there was room to implement further interest rate hikes. The yield on ten-year US Treasury …
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20 October 2023 2:56 pm
Russia: OPEC+ helps stabilize oil markets
Russia said on Friday that the OPEC+ group of major oil producers helped stabilize oil markets and resisted external pressure, despite “Western manipulation” in the form of a price ceiling for Russian oil. Foreign Ministry spokesman Alexei Zaitsev stated in a weekly press briefing that Russia is a responsible supplier …
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20 October 2023 12:23 pm
European stocks are heading for a sharp weekly loss due to Middle East tensions
European stocks fell on Friday and were on track for their biggest weekly loss in three months, as growing concerns about a broader conflict in the Middle East, rising government bond yields and disappointing corporate earnings reports pushed investors off risk. By 7:06 GMT, the European STOXX 600 index fell …
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20 October 2023 10:48 am
Oil prices rose by more than 1% and are heading for the second weekly gain in a row
Oil prices rose by more than 1% during Friday’s trading session and are heading towards the second consecutive weekly gain in light of the continuing conflict in the Middle East. In terms of trading, Brent crude futures rose by about 1% to $93.33 per barrel. US crude contracts also rose …
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20 October 2023 10:06 am
Gold is at a 3-month peak due to the conflict in the Middle East
Gold prices rose to their highest levels in three months on Friday and were on track for a second straight weekly gain on rising demand boosted by conflict in the Middle East and expectations that interest rate hikes by the Federal Reserve are nearing an end. By 0332 GMT, gold …
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19 October 2023 9:29 pm
US stocks fall following Powell’s speech
US stocks fell on Thursday as Wall Street parsed comments from Federal Reserve Chair Jerome Powell while monitoring a key milestone for a closely followed bond yield. The S&P 500 slipped 0.2%, while the Nasdaq Composite shed 0.3%. The Dow Jones Industrial Average lost 21 points, or 0.1%. Powell said …
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19 October 2023 8:20 pm
Powell: Tightening in financial conditions can have implications for policy
Jerome Powell, Chairman of the Federal Reserve (Fed), prepared remarks for delivery to the Economic Club of New York showed that Powell will say that significant tightening in financial conditions with higher bond yields can have implications for the policy. Powell will add that the policy setting committee is “proceeding …
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19 October 2023 7:35 pm
Could Powell’s speech reshape rate-hike outlook before blackout period?
Before the Economic Club of New York, Fed Chairman Jerome Powell is scheduled to deliver prepared remarks that are anticipated to increase market volatility and offer crucial details on the Fed’s upcoming policy move. The speech will likely be closely watched by the markets because it will be delivered just …
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19 October 2023 1:35 pm
USD maintains its gains ahead of FED Chairman’s statements
The dollar maintained its gains against rival currencies on Thursday ahead of comments by Federal Reserve Chairman Jerome Powell as expectations grew that the bank would keep interest rates high for longer. The US currency pushed the yen to hover around its lowest levels in two weeks, which it recorded …
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19 October 2023 1:04 pm
European stocks decline with risk aversion due to poor corporate results
European stocks fell about 1 percent on Thursday as risk aversion was exacerbated by poor results for companies, including food company Nestlé, as a result of tensions caused by the war in the Middle East and uncertainty over interest rates. By 0705 GMT, the European STOXX 600 index fell 0.8 …
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19 October 2023 12:21 pm
Japan’s Nikkei closes lower due to expectations of monetary tightening and Middle East conflict
Japan’s Nikkei index closed down about 2 percent on Thursday, tracking a wave of profit-taking stock selling on Wall Street after strong US economic data reinforced bets on monetary tightening by the Federal Reserve, while tensions in the Middle East also increased risk aversion. Chip-related stocks underperformed noticeably after traders …
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19 October 2023 10:56 am
Gold maintains its luster in light of the Middle East conflict
Gold prices hovered near the highest level in two and a half months on Thursday, as escalating unrest in the Middle East boosted demand for a safe investment haven. At the same time, investors awaited a speech by Federal Reserve Chairman Jerome Powell scheduled for later on Thursday. By 0318 …
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