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Earlier on the trading day, oil rose on the back of news reports about ship attacks near Yemen. However, economic data continues to soften. OPEC production unexpectedly increased, further pressuring WTI bids. News reports of ongoing attacks on cargo ships off the coast of Yemen sparked a brief rally in …
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11 June, 2026 9:53 pm
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…
11 June, 2026 9:11 pm
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…
11 June, 2026 8:17 pm
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…
11 June, 2026 7:13 pm
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…
11 June, 2026 4:54 pm
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…
11 June, 2026 3:55 pm
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…
11 June, 2026 2:23 pm
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…
11 June, 2026 1:40 pm
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 —…
11 June, 2026 12:18 pm
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…
11 June, 2026 1:58 am
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
January, 2024
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3 January 2024 12:52 am
GBP/USD sees retreats on stronger dollar ahead of jobs data
The GBP/USD pair fell below the 20-day SMA, reaching 1.2320. The US dollar’s recovery was fueled by rising yield rates and a risk-off market mood. December’s labour market figures are expected to influence Fed’s next monetary policy decisions. If the US economy continues to show resilience, the pair is likely …
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2 January 2024 11:52 pm
Traders’ Attention Shifts To FOMC Minutes, JOLTS Report
On Wednesday, traders’ attention will be centered on US economic data, with bets on the direction of interest rates continuing, as earnings and updates are once again scarce.Fed is determined to monitor emerging economic data before indicating any changes to future monetary policy, so the Job Openings and Labour Turnover …
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2 January 2024 11:14 pm
Canada’s dollar slides against US counterpart on PMI data
The Canadian Dollar is easing back against the US Dollar as the 2024 trading year begins, with the Canadian S&P Global Manufacturing Purchasing Managers’ Index (PMI) falling to a 43-month low. The US Manufacturing PMI component also fell below expectations, keeping market risk appetite low and propping up the US …
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2 January 2024 9:51 pm
Wall Street begins 2024 down on surging yields rise
The first trading session of 2024 saw a decline in the US stock market as investors lowered their expectations for interest rate cut this year. Tuesday’s drop in Apple shares is due to a downgrade by Barclays. Tesla continues to deliver record numbers in Q4. The drab beginning comes after …
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2 January 2024 8:34 pm
Swiss Franc weakens against the US Dollar on first 2024’s trading
On first 2024’s trading, the Swiss franc starts losing ground against the US dollar as the latter strengthened due to rising Treasury yields. This implies that bond traders might be indicating that they believe the inflation outlook will be more difficult than anticipated. Higher US Treasury rates, which have increased …
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2 January 2024 7:46 pm
Gold declines, still within bullish zone on rate cut bets
Gold prices are gaining momentum for 2024, with prospects of a Fed interest rate reduction starting in March. Factors boosting rate-cut hopes include a 2% decline in underlying inflation and easing labor market conditions due to restrictive monetary policy. However, the precious metal faces a marginal sell-off as the US …
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2 January 2024 4:00 pm
Dollar begins 2024 with a rise, and Bitcoin exceeds $45,000
On the first trading day of the new year, the dollar saw an increase in value as investors turned their attention to upcoming economic data that could provide insights into the Federal Reserve’s future moves. Bitcoin also experienced a rise, exceeding $45,000 for the first time since April 2022. In …
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2 January 2024 2:19 pm
European stocks begin the new year with the highest level in 23 months
On Tuesday, Europe’s benchmark stock index reached its highest level in nearly two years, driven by optimistic expectations among investors at the beginning of 2024 that major central banks are likely to adopt interest rate cuts. Energy sector stocks led the gains in the European STOXX 600 index, which rose …
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2 January 2024 1:26 pm
The Turkish lira falls to a new record level after falling 37% last year
The Turkish currency, the lira, reached a new record low on Tuesday, dropping to less than 29.7 liras to the dollar. This decline is part of a series of losses that gained momentum towards the end of 2023, with the lira concluding the year down by approximately 37 percent. At …
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2 January 2024 12:11 pm
Oil begins the new year with a 1% jump
Oil prices surged by 1 percent on Tuesday, initiating the new year on a positive note. The uptick was attributed to a naval clash in the Red Sea, drawing attention to potential supply disruptions in the Middle East. Additionally, expectations of economic stimulus in China bolstered demand prospects in the …
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2 January 2024 11:01 am
Bitcoin exceeds $45,000 for the first time since April 2022
Bitcoin demonstrated a notable surge on Tuesday, registering a three percent increase and surpassing the $45,000 barrier. This marks a significant milestone for the world’s largest and most renowned cryptocurrency, representing a robust commencement to the new year. Bitcoin reached a 21-month high at $45,386 earlier today, experiencing a two …
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December, 2023
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31 December 2023 11:48 pm
Financial Markets’ Weekly Recap, December 24-28
A few days ahead of the end of the 2023 trading year, the USD/JPY pair was back in the 141.00 level. Following the holidays, the US dollar had a thin week, ending the trading year on Friday with a 0.3% decline versus the Japanese yen.There was an annual loss of …
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