British bank Barclays revealed a net loss of £111 million in the fourth quarter of 2023, equivalent to $139.8 million, marking a significant development as the bank unveils its first major strategy update since 2016. This announcement comes as Barclays initiates a substantial restructuring effort to combat declining profits. Analyst …
Read More »Gold Rebounds as Fresh Trump’s Threats Boost Safe-Haven Demand
Gold prices staged a rebound on Thursday after falling to their lowest level in six months, as renew…
ECB Rate Hike Boosts European Stocks as Lagarde Signals Tough Inflation Stance
European stock markets closed mostly higher on Thursday after European Central Bank President Christ…
Oil Prices Ease as Diplomatic Hopes Between US and Iran Reduce Supply Concerns
Oil prices moved lower on Thursday as investors took profits following a sharp rally fueled by tensi…
Bank of Japan Faces Defining Moment as Rate Hike Looms and Yen Pressures Intensify
The Bank of Japan is preparing for one of its most closely watched policy meetings in years, with fi…
ECB Hikes Rates for First Time Since 2023: Iran War Energy Shock Forces Inflation Forecasts Higher, Growth Lower
Key Takeaways ECB raises rates: The deposit rate was lifted to 2.25% from 2% — the first increase in…
Bitcoin Bounces 2.2% as U.S. Signals End to Latest Iran Strikes: SpaceX IPO and AI Rotation Keep Crypto Under Pressure
Key Takeaways Bitcoin recovers: The world’s largest crypto rose 2.2% to $62,673.7, bouncing fr…
European Stocks Rebound as Dip Buyers Return Ahead of ECB’s First Rate Hike Since 2023
Key Takeaways Broad recovery: The Stoxx 600 rose 0.6% after hitting a three-week low Wednesday; FTSE…
Oil Erases Gains as U.S.-Iran Peace Talks Resume Despite Air Strikes: ING Warns Hormuz “Still Some Way Off” From Resolution
Key Takeaways Oil retreats: Brent fell 1.4% to $91.76 per barrel, while WTI dropped 1.3% to $88.88 —…
Gold Bounces From 6-Month Low After Iran Declares Total Hormuz Shutdown: ING Warns Near-Term Path Tied to Fed Policy
Key Takeaways Gold recovers from 6-month low: Spot gold rose 0.6% to $4,093.35 per ounce after touch…
US Consumer Inflation Continues to Climb as Energy Costs Push Prices Higher
Consumer inflation in the United States continued to accelerate in May, highlighting the ongoing imp…
Market Analysis
February, 2024
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20 February 2024 2:53 pm
European Shares Open Lower Amid Rate Cut Speculation
European shares started on a downward trajectory on Tuesday, influenced by uncertainties surrounding potential wage settlement increases in the euro zone, which could delay anticipated interest rate cuts. Additionally, China’s decision to cut mortgage interest rates failed to inspire optimism among investors. STOXX 600 Index Slips The European STOXX 600 …
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20 February 2024 2:00 pm
Japanese Stock Index Stalls Below Three-Decade Peak
The primary Japanese stock index struggled to sustain its upward momentum on Tuesday, hovering approximately one percent below its highest peak recorded in over three decades. Trader apprehension ahead of Nvidia’s earnings release contributed to market uncertainty. China’s Interest Rate Cut Offers Brief Boost An unexpected interest rate cut in …
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20 February 2024 1:06 pm
Dollar Strengthens, Stabilizing Above 150 Yen
On Tuesday, the dollar exhibited strength, maintaining its position above 150 yen amidst expectations of prolonged higher US interest rates. This occurred against the backdrop of Japan’s economic recession and market skepticism regarding Tokyo’s imminent monetary easing policy adjustment. China’s Mortgage Rate Cut Draws Trader Attention Early Tuesday, China’s decision …
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20 February 2024 11:19 am
Gold Prices Steady Despite Dollar and Bond Yield Rise
Gold prices maintained stability on Tuesday, resilient to a surge in the dollar and Treasury bond yields. Investors awaited insights from the Federal Reserve’s latest meeting minutes for potential clues regarding interest rate cuts. At 0341 GMT, the spot price of gold settled at $2,018.03 per ounce, with most US …
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20 February 2024 3:03 am
Market Drivers – US Session, February 19
The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …
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20 February 2024 2:51 am
WTI trades above $78.00 on continued supply concerns
The ongoing Gaza crisis as well as fresh Houthi attacks are keeping barrel prices high. Monday saw a test of $78.11 a barrel for West Texas Intermediate crude, finding the opportunity to gain momentum as US markets were closed in observance of the federal holiday known as American President’s Day. …
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20 February 2024 1:33 am
Gold price consolidates gains ahead of FOMC minutes
On Monday, during a calm North America session, gold price was able to climb up 0.24& to $2017.50, driven by US inflation surpassing forecasts. Given that the USD has declined since last Tuesday, gold’s appeal is increased by the decreased probability of impending Fed rate cuts. In the meantime, traders …
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20 February 2024 12:12 am
Morgan Stanley faces accusations of cheating EU regulators
In an attempt to comply with the post-Bri9exit rules, EU regulators believe that they were misled into thinking that Morgan Stanley has relocated top executives to Europe in order to comply with the rules in place.Morgan Stanley has been accused of fabricating a false job title for one of its …
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19 February 2024 9:44 pm
US stocks slightly recover post hotter than expected inflation figures
Markets are closed on Monday for the Presidents’ Day holiday. Stocks have nearly recovered after last week’s inflation report, with the S&P 500 closing down 0.4% but cracking a new record-high on Thursday. The Dow Jones Industrial Average slipped 0.1% for the week and the Nasdaq Composite fell 1.3%. The …
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19 February 2024 8:52 pm
World geopolitical tensions could impact record US stock rally
The Middle East war poses a significant risk to earnings as boycotts and Red Sea shipping chaos disrupt supply chains. This could impact the record rally in US stocks, as expectations for profits at S&P 500 companies for the next 12 months are at a record high. The war could …
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19 February 2024 7:52 pm
EUR/GBP advanced in quiet trading
The EUR/GBP stands at 0.8555 in Monday’s session, jumping above the 20-day SMA. Sticky European inflation may push the ECB to a more aggressive stance toward the easing cycle.The week’s highlight will be the British and the EU’s Manufacturing PMIs from February. As long as markets bet on the BoE …
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19 February 2024 3:42 pm
Bitcoin Surges Above $52,000 Mark Amidst Rapid Recovery Further Surge
Bitcoin experienced a significant uptick, surpassing the $52,000 barrier after swiftly recovering from Saturday’s decline. Monday witnessed vigorous buying activity, propelling the price to its highest levels in the past five days, marking a notable resurgence to levels unseen since November 2021. Technically, Bitcoin faces minimal resistance levels until it …
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