Gold price dropped below $2000 on a report by the Institute for Supply Management (ISM), showing that manufacturing activity in the US improved. However, prices jumped compared to last month’s data, sparking speculation that the Federal Reserve (Fed) will tighten monetary conditions next Wednesday. The precious metal is trading between …
Read More »Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Weak PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, th…
U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by…
Dollar Hits 2025 Low as Stocks Ease, Safe-Haven Assets Rise Amid Middle East Tensions and Trade Concerns
The U.S. dollar fell to a new low for 2025 on Thursday, while global stocks eased from record highs,…
U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions
U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the annou…
Britain’s Economy Slows Sharply in April Amid Tariff Impact and Tax Break End
Britain’s economy faced a significant slowdown in April, as official data released on Thursday showe…
Bitcoin Slips as Trade Deal Progress and Tariff Concerns Weigh on Sentiment
Bitcoin prices slipped on Thursday following comments from U.S. President Donald Trump, who confirme…
Gold Prices Surge Amid Iran Tensions and Trade Uncertainty
Gold prices saw a sharp rise in Asian trading on Thursday, as safe-haven demand surged due to escala…
Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
Markets buzzed with activity on June 11, 2025, as assets like gold, silver, and the Canadian Dollar …
Market Analysis
May, 2023
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1 May 2023 7:02 pm
SM Manufacturing PMI improves above expectations
The ISM Manufacturing PMI increased to 47.1 from 46.3 in April as the economic activity in the US manufacturing sector continued to decrease, albeit at a slower rate than it did in March. This result was little higher than the 46.6 market forecast.According to further information in the report, the …
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1 May 2023 6:12 pm
Canada: S&P Global Manufacturing PMI improves in April
In April, the S&P Global Manufacturing PMI for Canada rose above 50. USD/CAD remains within the daily range at roughly 1.3550.The S&P Global Manufacturing PMI increased to 50.2 from 48.6 in March, reflecting a modest increase in business activity in the Canadian manufacturing sector. This figure was lower than the …
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1 May 2023 4:28 pm
Oil prices fell amid concerns about economic growth
Oil prices fell on Monday amid concerns about the economic impact of a possible interest rate hike by the Federal Reserve and weak Chinese manufacturing data, which are enough to offset the supportive impact on oil prices of the new OPEC+ production cuts that took effect this month. The Federal …
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1 May 2023 3:52 pm
Dow futures largely flat; First Republic is taken over
Investors are absorbing the buyout of First Republic Bank at the start of a week that contains additional corporate results, a Federal Reserve policy meeting, and the eagerly anticipated monthly employment report. The Dow futures contract was up barely 3 points at 10:45 GMT, the S&P 500 futures were mostly …
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1 May 2023 3:20 pm
UK inflation expectations ease as BoE considers next rate hike
Inflation expectations in the United Kingdom fell in April, according to Citi, providing some respite to the Bank of England, which is anticipated to announce its 12th consecutive interest rate hike next week, with investors banking on additional hikes after that. Citi said its monthly poll, conducted by market research …
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1 May 2023 1:22 pm
The dollar is edging upward, with all eyes on Fed
The US dollar rose in early holiday-affected European trade Monday, kicking off a week that features policy-setting meetings from the Federal Reserve and the European Central Bank, as well as the monthly US employment report. The dollar index, which measures the value of the US currency against a basket of …
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1 May 2023 12:21 pm
Japan’s Nikkei crosses 29,000 with yen falling
The Japanese Nikkei index rose to its highest level in more than eight months on Monday, surpassing the key level of 29 thousand points, after the Bank of Japan continued its easy monetary policy that pushed the yen to its lowest level in nearly two months. The railways and airlines …
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1 May 2023 11:07 am
Gold fell amid the rise of the dollar and anticipation of the US Central Bank meeting
Gold prices fell on Monday, weighed down by a stronger dollar, as investors cautiously await the Federal Reserve’s decision to raise interest rates later this week. By 0531 GMT, spot gold fell 0.5 percent to $1980.42 an ounce, and US gold futures fell 0.5 percent to $1989.10. The dollar index …
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1 May 2023 10:09 am
Oil prices dip on U.S. rate hike expectations, weak China PMI
Oil prices dipped on Monday as investors worried about the possibility of the Federal Reserve raising interest rates, which would impede growth and reduce gasoline demand, and concerns over lower Chinese manufacturing data combined to wipe out previous gains. Brent futures for July delivery were down 61 cents, or 0.8%, …
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1 May 2023 9:28 am
Sony shares tumble on weaker-than-expected annual outlook
Sony Group Corp’s shares fell as much as 4.8% on Monday after the Japanese electronics and entertainment conglomerate’s annual profit outlook fell short of market expectations. The company on Friday posted a record operating profit for the year ended March 2023, driven by a robust performance at its music and …
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1 May 2023 3:23 am
Financial Markets’ Weekly Recap, April 24-28
The euro fell on Friday after economic data painted a mixed picture on growth and inflation in the euro-zone, adding to uncertainty about the percentage by which the European Central Bank is expected to raise interest rates next week. Preliminary data showed gross domestic product in the euro zone grew …
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April, 2023
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29 April 2023 2:22 am
Market Drivers – US Session 28/04/2023
A two-day rally on Wall Street began on Friday as a result of larger-than-expected results from the tech sector. Amid renewed worries about First Republic Bank and the gloomy outlook for global growth, the optimistic mood may, however, not last long. The incoming economic data will be eagerly watched, but …
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