After a two-day recovery from its lowest points since mid-February, the USD/CAD steadily climbs upward. The US dollar applauds hawkish Fed expectations and optimistic yields to continue the recovery from the previous week. The present oil price is affected by the stronger dollar, concerns about the economy’s recovery, and apprehension …
Read More »Germany’s Business Sentiment Shows Early Signs of Recovery
The latest Ifo Business Climate Index (BCI) suggests that the German economy may be stabilizing afte…
Bitcoin Breaks Out as Fed Cut Bets and Trade Progress Lift Crypto Markets
Bitcoin surged on Monday, tracking a rally across global risk assets after the U.S. and China announ…
Oil Prices Rise as U.S.–China Trade Progress and Russian Sanctions Bolster Market Sentiment
Oil prices advanced on Monday, extending last week’s strong gains as signs of progress in U.S.–China…
Gold Slips as Trade Truce Dims Safe-Haven Demand Ahead of Fed Decision
Gold prices extended declines in Asian trading on Monday, weighed down by renewed optimism surroundi…
Asian Markets Rally as Fed Cut Expectations and Trade Truce Boost Sentiment
Asian stocks surged on Monday, with broad-based gains across major markets driven by optimism over a…
Weekly Recap: Markets await three high-impact events, stocks climb “wall of worry”
Global markets are anticipated to face a week full of pressure and fundamental factors that cannot b…
Trump Ends Canada Trade Talks After Reagan-Themed Ad Sparks Diplomatic Rift
U.S. President Donald Trump has abruptly terminated all trade negotiations with Canada, citing what …
Gold Prices Slip Below $4,110 as Investors Weigh Inflation Outlook and Fed Policy Path
Gold prices edged lower on Friday, extending their weekly decline as investors reassessed expectatio…
Oil Prices Secure Modest Weekly Gain as Market Awaits Demand Signals
Crude oil prices edged lower on Friday, capping a choppy week that still saw both major benchmarks p…
Bitcoin Climbs Above $111,000 as Trade Tensions Ease and Inflation Cools
Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, …
Market Analysis
April, 2023
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18 April 2023 2:00 am
US equities advance following earliest batch of corporate earnings
Monday’s trading session saw an increase in US stocks as another round of crucial earnings started. Following the fall of Silicon Valley Bank last month, investors are still paying close attention to financial institutions’ earnings. The technology-heavy Nasdaq Composite (IXIC), the S&P 500 (GSPC), and the Dow Jones Industrial Average …
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18 April 2023 12:18 am
Why is Wall Street worried about US debt ceiling?
House Speaker Kevin McCarthy traveled to the New York Stock Exchange Monday to deliver a warning to Wall Street about the debt ceiling crisis.There is a growing chance Washington “will bumble into the first default in our nation’s history,” the Republican said on his 100th day as House Speaker, adding …
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17 April 2023 10:43 pm
USD/JPY gains momentum on surging US Treasury yields
The USD/JPY pair hit new five-week highs at 134.57; it is currently trading at 134.42, with bulls seeking 135.00. The USD/JPY oscillators favour more upward movement. Below 134.00, there are dangers on the downside that could push the USD/JPY rate as low as 133.00. Following the Federal Reserve (Fed) policymakers’ …
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17 April 2023 9:47 pm
Gold extends slide amid dollar strength
Gold price resumed downside on Monday, fall to the $1,980$ area. The Us Dollar rises across the board, boosted by higher US yields.Gold price resumed the downside on Monday, breaking under $1,990. XAU/USD bottomed at $1,980 reaching the lowest level in a week. The precious metal is trading at 1995.70, …
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17 April 2023 7:24 pm
EUR/USD falls Fed’s pivot speculations
The EUR/USD pair falls for the second straight day, as sellers are eyeing 1.0800. US New York Empire State Manufacturing Index climbed for the first time in five months. The pair losses traction on technical reasons and on a stronger US Dollar (USD, as speculations that the US Federal Reserve …
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17 April 2023 6:32 pm
Explainer: What does US warning over Russian oil price cap mean?
The US Treasury has warned US companies of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia. The Office of Foreign Assets Control (OFAC) at the department said it is aware of reports that …
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17 April 2023 5:18 pm
Oil slips as recession fears loom over economic data
Oil prices moved lower on Monday as investors deliberated over a likely May interest rate hike by the U.S. Federal Reserve, which might hamper economic recovery hopes, despite Chinese GDP data was expected to augur well for demand growth. Brent crude futures were down 55 cents or 0.6% at $85.76 …
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17 April 2023 2:30 pm
European stocks rise ahead of earnings announcements from more large US banks
European stocks rose on Monday as investors expected major US banks to continue reporting strong quarterly earnings this week, while also looking forward to the Federal Reserve ending its interest rate hike cycle. The European STOXX 600 index rose 0.3 percent after hitting its highest level in more than a …
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17 April 2023 1:41 pm
Oil stabilized amid anticipation of Chinese GDP data
Oil prices stabilized on Monday, amid anticipation among investors for Chinese economic data, in search of signs of recovery in demand in the second-largest oil consumer in the world. Brent crude futures fell seven cents to $86.24 a barrel by 0746 GMT, and US West Texas Intermediate crude fell six …
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17 April 2023 12:55 pm
Asian stocks flat, Chinese markets rise on recovery hopes
Most Asian stocks moved slightly on Monday amid hawkish comments from Federal Reserve officials, while Chinese markets outperformed as the People’s Bank maintained medium-term lending rates ahead of a swathe of data indicators. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes climbed nearly 0.8% each after the PBOC maintained …
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17 April 2023 11:52 am
Dollar rose with the increase in expectations of raising interest rates
The dollar rose on Monday and hit a one-month high against the yen after strong US retail sales and impressive earnings from Wall Street banks increased market expectations that the Federal Reserve will raise interest rates in May. Data released on Friday showed that so-called core retail sales, which exclude …
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17 April 2023 6:25 am
Financial Markets’ Weekly Recap, April 10-14
On Friday, the dollar headed for the most extended period of weekly losses in nearly three years as traders reinforced expectations that the Federal Reserve is about to end the cycle of raising interest rates after indications that inflation may subside. Thursday’s data showed US wholesale prices, which are measured …
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