Both Friday’s Nonfarm Payrolls report and next week’s the US Consumer Price Index are in the focus of exceptional attention for traders and investors. Gold price is up about 0.9% from a low of $1,812.02, and it has since risen strongly to challenge $1,835.64 as the US dollar lost additional …
Read More »Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Market Analysis
March, 2023
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10 March 2023 12:58 am
WTI testing $75.60 support ahead of US NFP data
WTI bears are active in the market as the NFP data release is approaching. The third day of losses for WTI saw a decrease of almost 1.53%. In late Wall Street activity, West Texas Intermediate is down almost 1% for the day. Notwithstanding a weaker US Dollar before Friday’s US …
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9 March 2023 11:21 pm
Rogers: BoC’s pause is conditional
Carolyn Rogers, senior deputy governor of the Bank of Canada, stated on Thursday that policymakers are seeking additional proof that the present interest rate levels are enough. She will speak in advance at the Manitoba Chambers of Commerce at at 18:55 GMT, discussing “the causes of high inflation and how …
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9 March 2023 10:19 pm
EUR/USD traders eagerly await key events, data
Bears on the EUR/USD pair are keeping an eye on price action and searching for opposite structures to align with. The 1.0470s area is being watched, but a break above the 78.6% may discourage bears from getting too engaged.Ahead of the crucial US Nonfarm Payrolls on Friday, the EUR/USD pair …
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9 March 2023 9:26 pm
Biden’s $6.8 trillion budget, suggests tax increases
US President Joe Biden unveiled his proposed budget for 2024. It contains a strategy to reduce the fiscal deficit by $3 trillion over the following ten years as well as greater taxes on the rich and big businesses.By raising taxes on oil and gas firms, increasing the corporate tax rate …
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9 March 2023 8:20 pm
Eurozone economy expected to grow, not shrink in 2023
Forecasts for the Eurozone’s economy have been updated by economists. The forecasts for the Eurozone in 2023 have been dramatically improved, going from -0.5% to 0.3%.In the medium term, economic growth will be boosted by lower energy prices, significant government subsidies, and general economic resiliency. As a result, both interest …
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9 March 2023 7:14 pm
EUR/USD advances, regains some buying interest
The EUR/USD pair is advancing on Thursday, it is also regaining some buying interest to the 1.0580/85 band following two daily drops in a row.The continuation of the downtrend seems favoured for the time being. Against that, the pair could dispute the 2023 low at 1.0481 (January 6) once the …
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9 March 2023 7:10 pm
US Nonfarm Payrolls Preview: the possibility of a surprise
After Fed Chair Powell’s remarks on Capitol Hill last Tuesday, there is a great deal of anticipation around the impending NFP statistics. Powell effectively stated that if economic data came in far above forecasts, the Fed would raise interest rates by 50 basis points at its next meeting. He emphasised …
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9 March 2023 6:16 pm
US: Weekly Initial Jobless Claims rise to 211K
The US Department of Labor (DOL) reported 211,000 initial unemployment claims in the week ending March 4, according to weekly statistics released on Thursday. This print follows the previous week’s print of 190,000 and was lower than the market forecast of 195,000. The advance seasonally adjusted insured unemployment rate was …
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9 March 2023 5:08 pm
UK says financial reforms will be within same ‘orbit’ as EU, US
To minimise disruption to global corporations, Britain’s updated financial market laws will be broadly aligned with US and European Union standards, according to financial services minister Andrew Griffith on Thursday. Britain exited the EU in 2020 and has subsequently suggested the “Edinburgh Reforms” in response to efforts to strengthen the …
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9 March 2023 3:43 pm
Forex: Dollar holds near three-month highs on rates outlook
The dollar held steady on Thursday near a three-month high, supported by the message from Federal Reserve Chairman Jerome Powell about the need for more interest rate hikes and possibly a faster pace. On the second day of congressional testimony on Wednesday, Powell reiterated his message, but noted that the …
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9 March 2023 2:26 pm
Oil fell for the third day as recession fears increased
Oil fell for the third day in a row on Thursday, as concerns about the economic repercussions of higher interest rates offset the impact of an unexpected drop in US crude inventories and hopes for a recovery in Chinese demand. Federal Reserve Chairman Jerome Powell’s comments this week about the …
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9 March 2023 1:51 pm
European stocks opened lower, affected by the decline of German Immobilien
European stocks opened lower on Thursday, with German real estate company LEG Immobilien tumbling to the bottom of the Stoxx 600 index on a dividend hold, while investors worried about interest rate hikes continuing for a longer period. Shares in LEG Immobilien plunged 10.6 percent in early trade, with the …
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