In early Asian trading on Wednesday, oil prices experienced a decline, influenced by a strengthening dollar, which dampened investor sentiment, particularly following recent rallies that propelled both benchmark crude oils to multi-month highs over the past two sessions. Price Movements Brent crude futures for May delivery dipped by 19 cents, …
Read More »U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Trump Threatens Iran Power Plants and Bridges as Talks Collapse: Oil Surges 2% on “Bully of the Middle East is DEAD” Post
Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to …
May Inflation Expected at 4.2%, Highest in Three Years as Iran War Ripples Through Consumer Prices
Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading si…
Barclays: European Stocks Can Handle ECB Rate Hikes Better Than 2011 — Banks, Energy, and Miners the Top Picks
Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inf…
Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction
Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.…
Bitcoin Crashes 3% as Iran Missile Barrage Crushes Peace Hopes: ETF Outflows Slow But War Fears Dominate
Key Takeaways Bitcoin falls 3%: The world’s largest crypto dropped to $61,375.5, wiping out mo…
Oil Rebounds 1.8% as U.S. Strikes Iran Over Downed Helicopter: Ceasefire Unravels and API Shows Massive 9M Barrel Draw
Key Takeaways Oil bounces back: Brent rose 1.8% to $93.08 per barrel, while WTI climbed 1.8% to $89.…
Gold Slides to 11-Week Low for Fourth Straight Session: U.S. Helicopter Shot Down Adds to Iran War Inflation Spiral
Key Takeaways Fourth consecutive loss: Spot gold fell 1.9% to $4,180.85 per ounce — its lowest since…
Asian Stocks Fall as U.S.-Iran Helicopter Shoot-Down Sparks Fresh Strikes: SoftBank Crashes 10% on OpenAI Loan Collapse
Key Takeaways Broad regional decline: Japan’s Nikkei fell 1.1%, TOPIX shed 0.7%, Chinese index…
Market Analysis
March, 2024
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20 March 2024 10:30 am
Oil Prices Dip in Asian Trading Amid Dollar Strength and Supply Considerations
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20 March 2024 5:21 am
Market Drivers – US Session, March 19
The US Dollar continued its recent strength, pushing the USD Index (DXY) above 104.00 earlier on Tuesday, though the gain was short-lived and it was last seen at 103.871. All eyes are now focusing on the Federal Reserve’s interest rate decision later Wednesday, along with their economic projections and Chair …
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20 March 2024 5:09 am
Pound Holds Steady Ahead of Key Data, Rate Decisions
The British Pound (GBP) is hovering around the 1.2700 mark, last seen at 1.2717, against the US Dollar (USD) on Wednesday morning, as investors brace themselves for crucial inflation data and interest rate decisions from both the UK and the US.FOMC, BoE’s Decisions AwaitedThe US Federal Reserve is widely expected …
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20 March 2024 4:21 am
Bitcoin retreats After Record High: Correction or More to Come?
On Tuesday, March 19, cryptocurrencies like Bitcoin and others were given a reality check. The market saw a correction last week after reaching a record high, with the price of Bitcoin falling by almost 6% in a single day. There are several variables that have combined to cause this decline. …
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20 March 2024 1:13 am
Gold Price Dips on Strong Dollar, Awaits FOMC Decision
Gold prices lost 0.13%, trading at $2157.575 at the time of writing. Gold retreated on Tuesday as the US Dollar strengthened ahead of the Federal Reserve’s highly anticipated policy meeting on Wednesday. Key Factors Influencing Gold A robust US Dollar makes gold a less attractive investment, as gold is priced …
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20 March 2024 12:27 am
USD/JPY Continues to Rise Despite Japanese Rate Hike
In the latest currency markets coverage, it was significant to see the dollar/yen pair breaking its positive correlation with US Treasury yields on Tuesday as the Bank of Japan’s decision to raise interest rates this morning overshadowed the factors influencing the yen’s price movement.The U.S. dollar has continued to rise …
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19 March 2024 11:19 pm
US bond yields decline ahead of the Fed’s decision
US Treasury bond yields have been declining since the start of the Federal Open Market Committee meeting earlier on Tuesday, with markets awaiting the FOMC decision to be issued, Wednesday, amid expectations that the Federal Reserve will keep the interest rate unchanged.Expectations of a rate cut by the Federal Reserve …
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19 March 2024 10:44 pm
USD/CAD Climbs After Canadian Inflation Data
The Canadian dollar dipped against its US counterpart after data revealed a steeper-than-expected decline in inflation. This has fueled speculation that the Bank of Canada may cut interest rates sooner than anticipated.Canadian Inflation Cools, Rate Cut Speculation Heats Up Canada’s Consumer Price Index (CPI) fell below the key 3% mark …
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19 March 2024 10:07 pm
US Rate Decision Preview: Will FOMC Embrace Hawkish Stance?
The Fed meeting will be closely watched for any signals of a shift in its monetary policy stance. A dovish hold with a timeline for QT could calm markets, while a hawkish tilt due to inflation concerns could lead to volatility.The Federal Reserve’s interest rate decision on Wednesday, March 20, …
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19 March 2024 9:10 pm
Despite Upbeat European Data, Euro Weakens Ahead of FOMC Decision
Market jitters ahead of the Federal Open Market Committee (FOMC) meeting on Wednesday are putting pressure on the Euro (EUR) against the US Dollar. The EUR/USD is trading at 1.0863, down 0.08% at the time of writing.Positive signs in Eurozone:Investor sentiment in the Eurozone received a boost after Germany’s ZEW …
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19 March 2024 7:07 pm
FOMC Decision Forecasts by Major Banks
The US Federal Reserve will announce its Interest Rate Decision on Wednesday, March 20 at 18:00 GMT and as we get closer to the release time, here are the expectations as forecast by analysts and researchers of 15 major banks. The Fed is expected to keep rates unchanged in the …
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19 March 2024 6:44 pm
Swiss National Bank Likely to Delay Rate Cut Amidst Global Trends
The Swiss National Bank (SNB) is anticipated to maintain its current interest rate stance until at least June, aligning with its counterparts such as the European Central Bank and the US Federal Reserve. The SNB may opt to observe its peers’ actions regarding the cessation of monetary tightening before making …
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19 March 2024 4:25 pm
Oil Prices Hold Steady Near Four-Month Highs Amid Geopolitical Tensions
Oil prices maintained stability on Tuesday, hovering near four-month highs achieved after breaking out of range-bound trading last week. However, the specter of escalating exports from Russia, compounded by Ukrainian attacks on refineries, exerted downward pressure on prices. Price Movements The Brent crude oil futures contract for May delivery dipped …
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