Last week’s trading closed in favour of global stocks and the US dollar at the expense of gold, amid data-based support to the idea that it is possible for the Fed to achieve the “soft landing” scenario, which was evident through US economic data that the economic calendar carried to …
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
January, 2024
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27 January 2024 12:01 am
Oil heading to weekly gains on strong economic outlook
Oil prices edged slightly higher in choppy trading on Friday, heading for a second weekly gain as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations, while Middle East supply concerns added further support.At the time of writing, Brent crude futures are up $1.19, or 1.49%, at …
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26 January 2024 11:42 pm
US stocks dragged lower as investors digest optimistic inflation data
As investors ignored Intel’s bleak outlook and considered a crucial inflation number that was thought to have an impact on when interest rates will be slashed, stocks fluctuated on Friday afternoon.Despite closing at a new high on Thursday, the S&P 500 lost 0.1%, even if it is expected to finish …
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26 January 2024 10:54 pm
Bitcoin gains above 5.5% ahead of key trading week
While cryptocurrencies, like Bitcoin, saw a slight increase on Friday, they continued to trade at relatively low levels ahead of the weekend. A significant event for the stock market that may also affect cryptocurrencies will unfold next week.After swinging back and forth in recent days between the psychologically significant $40,000 …
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26 January 2024 10:25 pm
US Dollar experiences loss following PCE data
The US Dollar Index (DXY) is experiencing losses due to weak Personal Consumption Expenditures data from December, which gave hope for earlier rate cuts. Market expectations suggest a possible Fed rate cut in March, but if economic growth sustains itself, a March cut seems unlikely. As a result, bets have …
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26 January 2024 9:08 pm
Does PCE data make Fed’s job easier or harder?
The Fed’s favourite inflation gauge; Core Personal Consumption Expenditures Price Index has fallen below 3% for the first time since March 2021, indicating that US inflation is cooling. The three-month and six-month charts of the core PCE show they are below the Fed’s target of 2%. This suggests the Fed …
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26 January 2024 7:51 pm
EUR/USD rises on fueled speculation about a Fed rate cut following PCE data
In North American trading, the EUR/USD pair rises as a result of weaker US core PCE inflation statistics. As the Fed’s core PCE index drops to 2.9%, expectations of an interest rate reduction rise, supporting the rise in EUR/USD.Early in the North American session, the EUR/USD increased by about 0.14% …
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26 January 2024 5:27 pm
Gold is heading for its second consecutive weekly decline
Gold prices rose during trading today, Friday, the twenty-sixth of January, but they are heading towards recording the second weekly losses in a row, amid the rise of the dollar supported by positive economic data. The US economy grew more than expected during the last quarter of 2023, by about …
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26 January 2024 2:56 pm
European stocks open higher supported by quarterly results
European markets opened higher on Friday, bolstered by positive quarterly results from luxury goods group LVMH and French liquor company Remy Cointreau. Traders were also evaluating the prospects of interest rate adjustments, a day after the European Central Bank (ECB) maintained its existing interest rates. As of 0819 GMT, the …
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26 January 2024 12:56 pm
Oil prices are heading for weekly gains supported by US growth data
Oil prices retreated on Friday, but they were poised to register their most significant weekly gains since October, buoyed by positive economic data from the United States and signals of Chinese stimulus that supported oil demand. Brent crude futures declined by 0.57%, or 47 cents, settling at $81.96 per barrel …
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26 January 2024 11:54 am
Japan’s Nikkei declines, erasing week’s gains amid chip sector losses
On Friday, Japan’s Nikkei index closed lower, reversing the gains it had accumulated earlier in the week. The index lost 1.34%, closing at 35,751.07 points, marking a 0.59% decline for the week and breaking a two-week streak of gains. At the start of the day, the index had shown a …
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26 January 2024 2:39 am
Market Drivers – US Session, Jan. 25
While Gold prices remained stuck in their current consolidative range, Silver prices rebounded further and clinched their third straight day of gains, this time flirting with the $23.00 mark per ounce.Firmer-than-expected US GDP figures have provided support to the US Dollar and further reinforced the already resilient stance of the …
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26 January 2024 1:26 am
WTI hovers around $77.00 with positive momentum as focus shifts to US PCE
WTI price is expected to close the week in a positive territory due to multiple factors. US GDP data contributed support to reinforcing oil prices. PBoC’s strategy to inject liquidity into the economy contributes to the strength in oil prices.Chinese officials asked their Iranian counterparts to help restrain attacks on …
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