The US dollar (USD) remained steady against the British pound (GBP) on Friday, as investors turned their attention to a series of highly anticipated central bank meetings scheduled for the upcoming week. Meanwhile, the Japanese yen (JPY) saw a slight decline amidst speculation surrounding potential shifts in monetary policy. Market …
Read More »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…
World Cup 2026: Who Really Wins When the Final Whistle Blows?
The numbers are staggering. The promises are even bigger. But behind the spectacle of the largest FI…
US Stock Futures Slide as Iran Tensions Escalate and Inflation Concerns Grow
Nasdaq Leads Losses After Reports of US Strikes Against IranU.S. stock futures moved lower early Wed…
Goldman Sachs Pushes Fed Rate-Cut Forecast to June 2027 as Economic Data Delays Easing
Goldman Sachs Research has pushed back its forecast for the Federal Reserve’s next interest-ra…
Fed Rate Cuts Fade as Inflation Pressures Persist Amid Global Conflicts
Hopes for a new round of U.S. interest rate cuts are rapidly fading as inflation remains stubbornly …
Market Analysis
March, 2024
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15 March 2024 1:04 pm
European Shares Show Muted Activity Yet Head for Weekly Gains
European shares maintained a subdued stance on Friday, balancing strength in the telecommunications sector against a broader sell-off in global equities triggered by hotter-than-expected U.S. inflation figures, which dampened expectations of a June rate cut. Telecom Sector Strength Counters Equities Sell-off The pan-European STOXX 600 index remained flat, as of …
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15 March 2024 12:17 pm
Oil Prices Poised to Finish Week Approximately 4% Higher
In a week marked by market fluctuations, oil prices showcased remarkable resilience, driven by optimistic forecasts from the International Energy Agency (IEA) and unexpected shifts in U.S. inventory levels. IEA’s Optimistic Forecast Spurs Confidence The week began with a notable uptick in market sentiment following the IEA’s revision of its …
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15 March 2024 4:22 am
US Dollar Rises After Russian Nuclear Weapon relocation
Russia has relocated its tactical nuclear weapons from its boundaries into Belarus, a neighbouring country that is several hundred miles closer to NATO territory. This was confirmed by Western officials to Foreign Policy. This development was a reaction to NATO’s support of Ukraine, which has led Russian President Vladimir Putin …
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15 March 2024 2:05 am
Explainer: What can Yield curve reveal about looming FOMC decision?
With a shorter-term note (2-year) yielding higher than a longer-term note (10-year), the curve on Friday, March 8, might have been steeper than normal. This could indicate market expectations of Fed to refrain from interest rate cut in March in order to avoid falling in a recession. The Treasury yield …
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15 March 2024 1:36 am
Market Drivers – US Session, March 14
The US dollar rallied this week, fueled by positive economic data. Inflation data and the recent labour market conditions in the United States pushed the USD Index to new multi-day highs above 103.445.The USD Index (DXY): Strong gains continue, breaking past 103.00 on robust inflation and labor data. Keep an …
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15 March 2024 12:15 am
GBP/USD Weakens as US Data Fuel Interest Rate Worries
The GBP/USD slipped around 1.2745, losing 0.06% on the day. US Retail Sales rose 0.6% month-over-month in February from -1.1% in January, worse than expected. BoE’s Bailey said central bankers turned to the question of how long they needed to keep rates high as inflation eased. Investors will focus on …
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14 March 2024 11:13 pm
ECB’s de Guindos: Wages still a risk, but inflation on track
Late on Thursday, European Central Bank Vice President Luis de Guindos gave reporters his assessment of the ECB’s probable decision to lower interest rates by the second half of the year.Key Quotesde Guindos sees the European economy picking up in the second half of the year.The ECB should have sufficient …
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14 March 2024 9:14 pm
Treasury Yields surge following PPI, Retail Sales
US Treasury yields jump as inflation report cools expectations for immediate Fed rate cuts. February’s Retail Sales rebound highlights consumer spending strength despite falling short of forecasts.Producer Price Index (PPI) data and lower-than-expected jobless claims reinforce views of strong economic activity.US Treasury yields made a significant leap on Thursday, a …
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14 March 2024 7:34 pm
Sterling weakens as PPI data improves dollar’s safe-haven appeal
The Pound Sterling fell against the US Dollar in early New York due to hot US Producer Price Index data for February, which dampened the appeal of risk-sensitive assets. The GBP/USD pair dropped as investors’ risk appetite eased on the expectation that the US PPI would reinforce fears that the …
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14 March 2024 6:25 pm
EUR/USD declines following US economic data
The EUR/USD pair has fallen to the lower 1.0900s following the release of US macroeconomic data, which indicates continued inflationary pressures in the economy. The pair is trading at 1.0902, down 0.42% at the time of writing.EUR/USD Reacts to Economic DataFactory gate prices rose more than expected in February, while …
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14 March 2024 5:02 pm
US Producer Price Index (PPI) Exceeds Expectations
The latest data from the US Bureau of Labor Statistics revealed that the Producer Price Index (PPI) for final demand in the United States surged by 1.6% on a yearly basis in February. This figure surpassed market expectations of a 1.1% increase and marked a notable uptick from the 1% …
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14 March 2024 4:17 pm
IEA Raises Oil Demand Growth Forecast Amidst Disruptions
The International Energy Agency (IEA) has revised its outlook for oil demand growth, citing disruptions to Red Sea shipping as a key factor. The agency, representing industrialized nations, forecasts a growth of 1.3 million barrels per day (bpd) in 2024, up by 110,000 bpd from its previous month’s projection. Divergent …
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