The USD/CAD currency pair gained on Tuesday, moving up more than 0.7% from a day’s low of 1.3524 to a high of 1.3637. The risk sentiment in Europe has deteriorated due to resurfacing banking concerns, and this is sinking all ships, with high beta currencies like the Canadian Dollar bearing …
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
April, 2023
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25 April 2023 8:55 pm
US stocks slide ahead of key earnings
As investors processed a flurry of significant quarterly reports and readied themselves for the start of the big tech earnings season, stocks were trading lower on Tuesday. A 122 point, or 0.4%, decline in the Dow Jones Industrial Average was seen. The Nasdaq Composite was down 1% and the S&P …
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25 April 2023 7:43 pm
Risk aversion drags GBP/USD down from weekly highs
After reaching a weekly high of 1.2507, the GBP/USD pair changes direction and declines to the 1.2397 level, at the time of typing, as a result of risk aversion that caused flows towards safe-haven assets. Despite the fact that US Treasury bond yields are falling, the US Dollar (USD) is …
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25 April 2023 5:51 pm
Wall St opens lower on mixed earnings, First Republic shares plunge
Following a mixed batch of earnings results, Wall Street’s major indexes opened lower on Tuesday. A decline in deposits at local lender First Republic Bank added to worries about the banking industry. At the start, the Dow Jones Industrial Average dropped 47.06 points, or 0.14%, to 33,828.34. The Nasdaq Composite …
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25 April 2023 4:27 pm
PepsiCo raises full-year income outlook as Q1 earnings beat estimates
After price increases enabled the American food and beverage business to offset an increase in input costs and report better-than-expected first-quarter results, PepsiCo Inc. increased its annual profit guidance. The firm that owns brands including Pepsi carbonated beverages and Frito-Lay potato chips announced that it has raised its previous expectation …
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25 April 2023 3:26 pm
Oil is rising with hopes of higher Chinese demand
Oil prices rose and were on track for a third day of gains on Tuesday, supported by investor optimism that holiday travel in China will boost fuel demand and expectations of lower US crude inventories. Overseas flight bookings in China during the upcoming Labor Day holiday indicate a continued recovery …
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25 April 2023 12:49 pm
European stocks are falling
European stocks fell on Tuesday as investors weighed more corporate results and comments from European Central Bank policy makers on interest rate expectations. The European Stoxx 600 index fell 0.4 percent by 0718 GMT, affected by the decline in the mining and banking sectors, 1.8 percent and 1.5 percent, respectively, …
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25 April 2023 12:05 pm
Japan’s Nikkei index touches an 8-month high
Japanese stocks rose slightly on Tuesday, with the Nikkei index touching an eight-month high, amid optimism about the results of a group of companies and the expansion of government subsidies for chip production. Momentum eased in the afternoon session, dragged down by steel producers amid indications of weaker demand from …
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25 April 2023 11:32 am
China’s gold production recovered to pre-pandemic levels and demand jumped
China’s gold production rose 6.9 percent in the first quarter of 2023, returning to pre-pandemic levels, thanks in part to a jump in demand for gold and jewelry, as investors sought a safe haven away from financial market volatility. China’s Association of Gold Companies said on Tuesday that China’s production …
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25 April 2023 3:40 am
Market Drivers – US Session 24/04/2023
The US dollar declined more during a lacklustre US session as Wall Street indexes rose. The S&P 500 increased 0.09%, the Nasdaq declined 0.29%, and the Dow Jones increased by 0.20%. The 10-year bond rate dipped to 3.50%, but the 2-year yield rose to 4.12%. The debt-ceiling turmoil, upcoming important …
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25 April 2023 3:13 am
Experts challenge de-dollarization hypothesis
The prime minister of Malaysia claims that the US dollar is no longer required to attract foreign investment. According to data from the International Monetary Fund, the dollar made up more than 58% of the world’s reserves in the fourth quarter of last year, but the president of the European …
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24 April 2023 11:57 pm
Optimism from China, Iraq drives crude oil price up
WTI crude increased on expectations of greater fuel consumption during the busy holiday travel season in China. The anticipated production cuts by the OPEC+ producing group may make the oil market more competitive.WTI crude oil prices increased further during the middle of Monday’s US trading session, reaching $78.78 per barrel …
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24 April 2023 9:43 pm
Tesla drags Nasdaq lower ahead of tech earnings
While investors awaited reports from Megacap businesses and important economic data this week, the Nasdaq led Wall Street losses on Monday as Tesla shares were pressured due to the company’s intentions to increase spending.Tesla Inc. fell 3.4% as a result of the automaker increasing its projected capital expenditures for 2023 …
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