In February 2024, annual inflation rates in Turkey surged to 67.07%, slightly surpassing expectations of 65.74%. This uptick followed a modest increase in January of the same year, where inflation stood at 64.86%. Over the period spanning from 1965 to 2024, Turkey has experienced an average inflation rate of 35.06%. …
Read More »S&P 500 Hits Fresh Highs Ahead of FOMC Minutes, Nvidia Earnings
The stock market is closely and carefully watched by analysts as well as investors as Nvidia gets re…
Canadian dollar struggles amid inflation data, rate cut bets
The Canadian dollar has been under scrutiny recently as investors closely monitor economic data and …
US dollar in red ahead of FOMC minutes
The US Dollar Index (DXY) is trading sideways at 104.6, with mild losses due to the cautious FedR…
Gold price slides on reluctance about rate cut
Gold prices experienced significant volatility on May 21, 2024, as they corrected lower after touchi…
Oil Prices Continue to Slide as U.S. Inflation Concerns Mount
Oil prices extended their losses on Tuesday, with investors anticipating persistent U.S. inflation t…
German Producer Prices Decline Sharply in April
The federal statistics office reported on Tuesday that German producer prices fell more than anticip…
Asian Stocks Dip as Chinese Stimulus Rally Fades and Interest Rate Worries Persist
Most Asian stocks edged lower on Tuesday as the stimulus-driven rally in Chinese markets lost moment…
Title: Will Inflation ease in the Eurozone this year?
The Eurozone will shortly release its inflation data. This information holds significant importance …
What’s Behind Bitcoin’s Recent Rally?
Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe …
Canadian Dollar fluctuates ahead of BoC’s CPI
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Market Analysis
March, 2024
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4 March 2024 10:26 am
Oil rises after OPEC+ extends production cuts
Oil prices increased on Monday following the decision by OPEC+ member countries to extend their voluntary production cuts by 2.2 million barrels per day for the second quarter of the year, aligning with market expectations. At 0134 GMT, Brent crude futures climbed by 28 cents, or 0.3 percent, reaching $83.83 …
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4 March 2024 6:09 am
Weekly Recap: US inflation dominates the market
Last week, the financial markets were shaped by significant data releases across several major economies, notably the United States and the eurozone. In the eurozone, data published by the European Statistics Office (Eurostat) on Friday indicated that the region’s annual harmonized consumer price index (HICP) rose by 2.6% in February, …
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2 March 2024 1:02 am
US stocks surge on improved risk appetite
US stocks experienced a surge in intraday records, with the S&P 500 and Nasdaq reaching new highs. The Nasdaq set a new intraday record, surpassing its November 2021 peak of 16,212.23. Technology stocks, particularly Nvidia and AMD, saw significant gains, with shares climbing 3.73% and 4.82% respectively. The Philadelphia semiconductor …
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1 March 2024 11:10 pm
Gold gains momentum on softer dollar following PMIs
Friday’s gold market surge is still going strong since all of the market’s moving parts appear to be pointing towards higher prices in the end. The price of the precious metal has increased by 2.08% to $2086.50 per ounce as of this writing.The early hours of Friday saw a slight …
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1 March 2024 9:22 pm
US dollar retreats after lower-than-expected PMI reading
The US Dollar Index traded in a downward trend at 103.7, before recovering, at the time of writing, to 103.895, denoting a decline of 0.24%, and representing a weak end to the trading week.The US ISM Manufacturing PMI fell disappointingly at 47.8, far from expectations of a 49.5 mark. Expectations …
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1 March 2024 8:59 pm
Fed: Inflation expectations are broadly consistent with 2% goal
The latest Monetary Policy Report from the US Fed highlights the US central bank’s stance on the current economic and inflation outlook, and what it will take for Fed policymakers to feel comfortable enough to begin cutting interest rates.Key highlightsInflation expectations are broadly consistent with 2% goal.Labour market remains tight, …
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1 March 2024 7:40 pm
Economists see little influence of likely shutdown on the US dollar
Another shutdown is looming in the United States. What does all this mean for the US dollar? Economists analyze dollar’s performance outlook.This is not the first time that a federal government shutdown is looming in the United States. There have also been longer actual shutdowns until an agreement was reached …
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1 March 2024 4:51 pm
Eurozone Inflation Slows, ECB Faces Dilemma
Eurozone inflation moderated in February, falling to its lowest level since November. Despite the slowdown, inflation remains above analysts’ expectations, posing a challenge for the European Central Bank (ECB) amidst speculation about future rate hikes. Key Inflation Figures: Eurostat Data Highlights Eurostat data revealed that the consumer price index rose …
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1 March 2024 1:35 pm
European Stocks Rise Amid Optimism Over US Data and Monetary Policy Easing
European stocks kicked off the month on a positive note, buoyed by gains in global markets fueled by encouraging US inflation data. Investors are optimistic about the prospects of inflation easing in the euro zone and are closely monitoring monetary policy signals. Market Performance: STOXX 600 Index Climbs The European …
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1 March 2024 12:28 pm
Nikkei Index Hits Historic High on Tech Surge and Fed Signals
Introduction: Japanese Market Achieves Milestone Japan’s Nikkei index soared to unprecedented heights on Friday, propelled by a surge in technology-related stocks following record highs in American markets. Positive remarks from Federal Reserve officials regarding interest rates further bolstered investor confidence. Record-Breaking Performance: Nikkei Hits New Peak The Nikkei index achieved …
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1 March 2024 11:17 am
Oil Prices Edge Up Amidst Escalating Tensions in Gaza
Introduction: Geopolitical Developments Impact Crude Prices Oil prices experienced a modest increase on Friday, with ongoing tensions in Gaza contributing to market fluctuations. The situation intensified following reports of fatalities among Palestinians waiting for aid, adding complexity to ceasefire negotiations. Brent Crude Futures: Slight Uptick Brent crude futures for May …
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1 March 2024 2:40 am
Market Drivers – US Session, February 29
Amid ongoing indications of inflation losing steam on both sides of the Atlantic and consistent wagers that the Fed and the ECB will cut interest rates at some point this summer, the US dollar’s continuing purchasing pressure put additional pressure on the risk-linked assets. Economic Data The personal consumption expenditures …
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