European stocks rose on Thursday, driven by the rise in real estate and technology stocks affected by interest rates, as investors bet on the possibility of the end of monetary tightening policy in the United States after the Federal Reserve kept interest rates unchanged. The European STOXX 600 index rose …
Read More »European Stocks Retreat as Iran War Hopes Fade and Oil Fears Grip Markets
Key Takeaways Broad-based slide: The pan-European Stoxx 600 fell 0.4%, with Germany’s DAX down…
Gold Tumbles as Dollar Dominates: Iran War Fears Reshape Safe-Haven Flows
Key Takeaways Gold under pressure: Spot gold slipped 0.5% to $4,672.22/oz, with prices on track for …
UK Retail Sales Defy Expectations with Strong March Surge
Key Takeaways Headline beat: UK retail sales jumped 0.7% month-on-month in March, dramatically outpe…
Oil Surges as Trump Digs In: “No Rush” to End Iran War Sends Crude Soaring
Key Takeaways Prices climb: Brent crude rose 1.1% to $106.27/barrel; WTI gained 1% to $96.83/barrel,…
Defense Sector’s Tough Week: Lockheed’s Earnings Miss Sends Shockwaves
Defense stocks are facing a rough week, with investor confidence shaken in their role as safe havens…
DXY Climbs Near Two-Week Highs on Strong US Data and Global Tensions
The US dollar extended its upward momentum, with the Dollar Index (DXY) holding near the 98.70 regio…
Silver Under Heavy Downward Pressure… What’s Driving the Decline?
Silver is facing clear downward pressure amid lingering uncertainty surrounding the fragile truce be…
PMI Surveys Expose Global War Shock
April’s Purchasing Managers’ Index (PMI) data paints a stark picture of how the ongoing conflict bet…
Dollar Strength Keeps USD/JPY Near Highs as Oil Drives Inflation Concerns
The USD/JPY pair remained steady near recent highs on Thursday, holding around the 159.45 level afte…
Tariffs and War Weigh on China’s Manufacturing Strength
China’s economic resilience is being tested once again, as global tensions and trade pressures begin…
Market Analysis
November, 2023
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2 November 2023 6:33 am
NFP Preview: Market Focus Shifts to US Employment Situation
On Friday morning, all eyes will be on Wall Street as the U.S. Bureau of Labor Statistics releases its latest employment survey. This report carries significant weight, as it can potentially influence the Federal Reserve’s monetary policy outlook. As a result, the market will likely experience heightened attention and scrutiny, …
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1 November 2023 11:41 pm
Wall Street holds gains amid choppy trading post-FOMC decision
The S&P 500 largely maintained its gains on Wednesday, despite choppy trading as Federal Reserve Chair Jerome Powell kicked off his press conference. The US central bank had, as anticipated, kept interest rates unchanged while praising the strength of the economy.In a policy statement that acknowledged the unexpected strength of …
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1 November 2023 11:10 pm
Powell: Fed close to the end of tightening cycle
Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.Key Quotes“‘Dot plot is a picture in time of appropriate policy in light of policymakers’ personal views.”“Efficacy …
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1 November 2023 10:20 pm
FOMC’s statement: Inflation remains elevated
Recent data suggests that economic activity expanded at a strong pace in the third quarter, according to the FOMC statement released on Wednesday, Nov. 1, following the committee’s decision to leave interest rate policy unchanged. The following FOMC members voted in favour of the monetary policy decision: Philip N. Jefferson, …
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1 November 2023 10:03 pm
FOMC keeps rate policy unchanged in line with expectations
As expected, the Federal Reserve policymakers decided to leave US policy rate unchanged at the range of 5.25%-5.5% for the second consecutive time. The decision has just been announced and FOMC Chairman Jerome Powell will speak on the policy outlook and respond to questions in the post-meeting press conference, starting …
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1 November 2023 9:48 pm
Gold fails to hold recent gains ahead of FOMC decision
Near midday, ahead of the Federal Reserve’s meeting to set monetary policy, gold prices were marginally higher. Gold fell by 0.23% from the previous closing price, or $4.50.The Federal Reserve and Bank of England’s central bank meetings are the focus of the market, with most observers projecting that the FOMC …
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1 November 2023 9:22 pm
US dollar leaps to daily highs ahead of awaited FOMC decision
On Wednesday, the US dollar reached a level not seen in almost a month as the DXY Index surged by 0.30%. The US dollar is supported by cautious market sentiment ahead of the Federal Reserve’s policy decision, even in the face of weak US economic data and declining US bond …
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1 November 2023 8:01 pm
Sterling recovers post weaker US data
Weak US economic data has caused the Pound Sterling to rise vertically, increasing market risk appetite. Investors are still awaiting significant monetary policy announcements from the Bank of England and the US Fed, though. The GBP/USD exchange rate is still tense because investors believe the BoE will maintain current interest …
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1 November 2023 7:39 pm
Bitcoin Price swings below $35000 amid $100 million liquidation
After a few days of relatively low volatility, the price of the most famous cryptocurrency has headed north once again, surpassing the coveted level of $35,000, before plunging down below it almost immediately. Bitcoin is trading at $34243 at the time of writing. Somewhat expected, the move resulted in millions …
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1 November 2023 7:03 pm
US: ISM Manufacturing PMI for October worsened
ISM Manufacturing PMI worsened unexpectedly to 46.7 in October. The US Dollar Index is trimming its gains, retreating from 107.00.The US Dollar Index pulled back modestly after the ISM and the JOLTS report, retreating from 107.00 to 106.85. It was still up for the day. Now attention is set on …
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1 November 2023 6:13 pm
US JOLTS Job Openings rise to 9.55 million in September
The US Bureau of Labor Statistics (BLS) has reported a total of 9.55 million job openings on the last business day of September, exceeding market expectations of 9.25 million. This figure, slightly higher than the revised August number of 9.49 million (initially reported as 9.61 million), was highlighted in the …
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1 November 2023 6:01 pm
US private sector employment rises 113,000 in October
According to data released by Automatic Data Processing (ADP) on Wednesday, private sector employment in the US saw a modest increase of 113,000 jobs in October. This figure, although below market expectations of 150,000, marks a slight improvement from the 89,000 jobs added in September. Analyzing the survey results, Nela …
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