Oil prices rose slightly in early Asian trading on Monday as fears of a recession in the United States began to recede, after causing prices to fall for three consecutive weeks for the first time since November. Brent crude futures rose 6 cents to $75.36 a barrel by 0022 GMT. …
Read More »Shell Reports 32% Drop in Q2 Profit Amidst Lower Oil Prices and Chemicals Losses, But Beats Forecasts
Shell’s second-quarter net profit plunged by almost 32% on Thursday, impacted by a drop in oil price…
Microsoft Poised to Surpass $4 Trillion Market Valuation on Investor Confidence in Azure
Microsoft is set to make history on Thursday by surpassing a $4 trillion market valuation for the fi…
Gold Prices Rebound Amid Trade Tariff Jitters, Fed’s Stance Limits Gains
Gold prices rebounded from one-month lows in Asian trade on Thursday, as escalating trade tariff con…
WTI Climbs Toward $70.00 Amid US Threats of Sanctions on Russia
The price of West Texas Intermediate (WTI), the U.S. crude oil benchmark, rose to approximately $69.…
US Stocks Decline After FOMC’s Interest Rate Decision
U.S. stocks ended Wednesday’s trading session in the red following the Federal Reserve’s announcemen…
Dollar Continues to Rise After Fed Decision and Powell’s Statements
The U.S. dollar has been climbing since the announcement of the Federal Reserve’s decision to mainta…
Fed Chair Powell: No Decisions Made Regarding Rate Cut in September
Federal Reserve Chair Jerome Powell held a press conference following the July policy meeting, where…
Fed Sees Significant Uncertainty Still Surrounding Current US Economic Landscape
The Federal Open Market Committee voted to keep the interest rate unchanged at the July meeting, wit…
Fed Keeps Interest Rates Unchanged for Fifth Consecutive Meeting Amid Rising Economic Uncertainty
On July 30, 2025, the United States Federal Reserve announced its decision to maintain interest rate…
Dow Jones Holds Steady Ahead of FOMC Decision
The Dow Jones Industrial Average (DJIA) remained nearly flat on July 30, 2025, hovering around 21.59…
Market Analysis
May, 2023
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8 May 2023 2:39 am
Financial Markets’ Weekly Recap, May 1-5
The Fed delivered as expected on Wednesday by raising interest rates by 25 basis points and signaling a pause. However, renewed banking developments stole the headlines from the Fed and triggered a fresh wave of risk aversion, as well as bets of rate cuts during the second half of the …
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6 May 2023 2:46 am
Market Drivers – US Session 05/05/2023
EUR/USD finished the week flat after the European Central Bank (ECB) meeting, where the ECB raised rates as expected. The pair approached 1.1100 but then pulled back. Although the correction was limited, it continues to trade sideways in the short term around 1.1000. USD/JPY had its worst week since March, …
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6 May 2023 1:37 am
Bitcoin retreats after robust US Nonfarm Payrolls
Following the publication of the US Nonfarm Payrolls data for April, the price of bitcoin corrected in the shape of a sizable bearish engulfing candle on the five-minute price chart. After the jobs news came in hotter than anticipated, the risk asset saw a knee-jerk reaction from market players who …
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6 May 2023 12:27 am
Oil bounces amid robust US jobs data despite slowdown worries
WTI oil recovers with a 3% rise, but fears about rate hikes are lurking, possibly casting a shadow over the oil market. An increase in US employment helps Wall Street recover and reduces the influence of the dollar on oil prices. Despite supply curbs from OPEC+, China’s declining manufacturing activity …
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5 May 2023 10:53 pm
Fed’s Bullard: Rate hike this week was “a good next step”
St. Louis Federal Reserve President James Bullard, at a conference held by the Economic Club of Minnesota, supported the 25 basis point rate hike that the Fed took this week, calling it “a good next step.” Bullard also noted that there is a significant amount of inflation in the economy. …
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5 May 2023 9:28 pm
How does the US dollar react to Friday’s NFP data?
For the thirteenth week in a row, the US exceeded estimates by 253,000 jobs in April. With an unexpected increase of 0.5%, wage growth revealed a healthy labour market. The market-critical Fed rate hike in June is not likely to occur despite the robust data. March’s reading of 236,000 got …
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5 May 2023 8:31 pm
Sterling recovers after post-NFP
The Sterling recovered after a post-NFP crash, pushing to new highs in mid-1.26. The US Bureau of Labour Statistics reported 253K new jobs and Average Hourly Earnings rose, suggesting persistent inflationary pressures. This led to US Dollar buying that weighed on the pair. The GBP/USD has recovered all the losses …
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5 May 2023 7:38 pm
AUD/USD sharply climbs despite solid US NFP data
The United States just released a fantastic jobs report, which improved market mood as shaky regional bank stocks rose following the recent instability in the US banking sector. This is why the AUD/USD is rising significantly. After falling to a low of 0.6607, the AUD/USD is currently trading at 0.6730, …
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5 May 2023 4:24 pm
Dollar is falling slightly ahead of the US jobs report
The dollar fell slightly against other major currencies on Friday, as problems in the banking sector increased expectations of a US interest rate cut later in the year, while eyes turned to an upcoming monthly US jobs report. The pound rose to the highest level in almost a year, the …
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5 May 2023 2:46 pm
Russian ruble rises to the highest level in a month
The Russian ruble rose during trading today, to the highest level in more than a month, to continue its gains for the fifth consecutive session, as oil prices stabilized after the recent decline, which somewhat reduced the impact of the decrease in the supply of foreign currencies in Russia. The …
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5 May 2023 2:20 pm
Gold drops before new economic data
Gold fell on Friday from near record highs as investors await more economic indicators, but it is still on track to post its best week in nearly two months as hopes of halting interest rate hikes in the United States and banking problems increased demand for a safe haven. And …
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5 May 2023 1:12 pm
European shares open at the highest level in two weeks
European stock markets traded higher Friday, as investors digested more corporate newsflow, the European Central Bank’s monetary policy decision ahead of the key U.S. jobs report. At 04:00 ET (08:00 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. climbed 0.4%, and the CAC …
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