Bitcoin has reached a new yearly high far above $56,000, marking its first high since December 2021. At the time of writing, the most important crypto asset is trading at $57200, up 4.91%. Professional investors at finance firms have piled into Bitcoin derivatives, with open interest for Bitcoin futures contracts …
Read More »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
The Canadian dollar is mostly higher but flat against its US counterpart again. Canada brings BoC CP…
Market Drivers; US Session, May 20
On Monday, the spotlight was on metals, particularly Gold and Copper. Both traded at record highs ea…
Nasdaq touches new record, Dow attempts to surpass 40,000
US stocks have seen a surge as the Nasdaq Composite (NXIC) reached new intraday highs and the Dow Jo…
Rate differential between Eurozone, Japan boosts EUR/JPY
EUR/JPY continues to rise, up 0.23% at the time of writing, due to a wide interest-rate differential…
EUR/USD slides amid uncertainty over ECB rate cut
Due to several tailwinds, the EUR/USD pair had earlier stayed stable near 1.0900 throughout Monday…
Market Analysis
February, 2024
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27 February 2024 4:02 pm
US Dollar Weakens in European Markets Amidst Yield Slowdown and Awaited Economic Data
Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …
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27 February 2024 3:15 pm
European Stocks Edge Higher Amid Awaited Inflation Data; Basic Resources Lead Gains
European Markets Display Modest Gains Amidst Anticipation for Key Economic Indicators European stocks experienced slight upward movement on Tuesday, buoyed by gains in basic resources stocks and improved earnings expectations. Market participants, alongside central bankers, remain attentive to forthcoming inflation data, which holds the potential to influence interest rate trajectories. …
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27 February 2024 1:08 pm
Nikkei Flat as Advantest Profit-Taking Offsets Early Gains
Introduction: Nikkei Average Sees Minimal Movement Amidst Profit-Taking Japan’s Nikkei average ended Tuesday’s trading session nearly unchanged, relinquishing most of its early gains as investors opted to book profits, particularly in chip heavyweight Advantest. Despite reaching unprecedented levels earlier in the session, the index closed with marginal movement, reflecting a …
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27 February 2024 11:43 am
Gold Prices Rise Amidst Dollar Decline Ahead of US Inflation Report
Gold Prices Climb as Dollar Weakens Ahead of Key Economic Data Gold prices surged on Tuesday, propelled by a decline in the dollar, as investors awaited a significant inflation report from the United States. The week ahead is marked by a flurry of data releases and statements from Federal Reserve …
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27 February 2024 2:50 am
Market Drivers – US Session, February 26
A further depreciation of the US dollar enabled riskier financial assets to continue rising in the green, amidst persistent bets of a June interest rate cut by the Fed and before of important inflation data for the US (PCE) and the Eurozone’s CPI data. When measured by the USD Index …
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27 February 2024 2:39 am
WTI rises on Red Sea shipping threats
The US benchmark WTI oil prices rose over 1.25% on Monday, around $77.37 per barrel due to the ongoing Red Sea shipping threat and European diesel demand. The slump in US diesel exports to Europe was attributed to lower refinery output and tighter supplies in the US, with Europe’s US …
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27 February 2024 1:39 am
EUR/USD rises 0.30% on first day of eventful week
The eventful week ahead for the economy saw the EUR/USD pair get off to a dismal start. On Monday, it rose more than a quarter of a percent, or 0.30%, to settle at 1.0850. Prior to price inflation and growth data that is expected in the US and the Eurozone, …
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27 February 2024 1:04 am
Gold price fluctuates amid rising US Treasury yields
Gold prices earlier on Monday fell to $2026.93 an ounce as a result of pressure from the recent increase in Treasury yields. With conflicting expectations for a possible quantitative easing in June, while market sentiment is still erratic. Gold’s price is restrained since the US 10-year Treasury yield is moving …
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26 February 2024 10:41 pm
Explainer: How will PCE data test recent stock market rally?
The S&P 500 and Dow Jones ended the week up almost 1%, while the Nasdaq Composite gained nearly 0.6%, demonstrating the recent robust surge in the stock market. The latest reading of the Fed’s favoured inflation indicator, the Personal Consumption Expenditures (PCE) index, which was released on Thursday, is expected …
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26 February 2024 10:19 pm
Treasury yields rise on first day of eventful trading week
US Treasury bond yields have risen since the start of trading on Monday due to anticipation of economic data, Federal Reserve statements, and earnings reports. The stock market lost momentum after reaching record levels, with traders anticipating a barrage of economic data and statements from Federal Reserve officials that could …
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26 February 2024 9:19 pm
USD/CAD rises ahead of US Durable Goods, GDP
The USD/CAD pair rose +0.09% and is trading at 1.3519 at the time of writing. Earlier on the day, the pair was in a slow drift near the 1.3500 handle, with Canada wholesale trade likely falling 0.6% in January. US New Home Sales rose 1.5% vs 7.2% previous, with Durable …
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26 February 2024 8:13 pm
US stocks trade mixed ahead of key data releases
Wall Street’s main indexes reached new all-time highs last week, with the Dow Jones Industrial Average (DJIA) at 39,143.98, the Nasdaq Composite up 0.15% at 16,015.32, and the S&P 500 trading near Friday’s closing level at 5,088 midday on Monday. The Energy Sector is the best-performing major S&P sector in …
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