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Oil prices rose by 2% on Friday due to speculators taking profits on short positions, but remained on track for a third week of losses due to slowing demand. Brent futures rose by 2.0% to $81.58 a barrel, while U.S. West Texas Intermediate crude rose by 2.0% to $77.28. Both …
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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…
11 June, 2026 12:54 am
CPI Day’s Drivers: US Dollar Rebounds as Inflation Stays Elevated, Pressuring Gold and Major Currencies
Stronger Inflation Revives Demand for the US DollarThe US Dollar strengthened on Wednesday after fre…
10 June, 2026 11:57 pm
Wall Street Sinks as Inflation Surges and Middle East Tensions Rattle Markets
Stocks Slide as Investors React to Inflation and Geopolitical RisksU.S. stocks closed sharply lower …
10 June, 2026 10:41 pm
Bitcoin Under Pressure Near $60,000 as Market Uncertainty Grows, but Long-Term Bullish Forecasts Remain
Bitcoin Struggles as Investors Shift Toward Safer AssetsBitcoin remained under pressure this week as…
10 June, 2026 9:34 pm
Euro Holds Steady as Markets Await ECB Rate Decision
The euro traded in a narrow range on Thursday as investors awaited the European Central Bank’s lates…
10 June, 2026 8:24 pm
Oil Prices Jump as Iran Tensions Escalate and U.S. Crude Inventories Shrink
Oil prices surged on Wednesday, with U.S. crude climbing more than 2% as renewed geopolitical tensio…
10 June, 2026 7:40 pm
Gold Drops Over 3% After CPI Data Reinforces Higher-for-Longer Rate Outlook
U.S. Inflation Figures Weigh on Gold as Markets Scale Back Expectations for Interest Rate CutsGold p…
10 June, 2026 7:07 pm
OpenAI Moves Toward Historic IPO as AI Race Enters a New Phase: First Step By ChatGPT Creator Toward Public Listing
OpenAI has officially begun the process that could lead to one of the most significant stock market …
10 June, 2026 5:23 pm
U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
10 June, 2026 4:37 pm
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Market Analysis
November, 2023
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10 November 2023 11:12 pm
Wall Street rallies on easing Treasury yields
The S&P 500 is expected to close the week higher than 4,400, despite a decline in consumer confidence. Meanwhile, US Treasury bond rates have stabilised after rising more than 10 basis points over the course of the entire yield curve on Thursday. S&P 500 breaks 4,400 as Wall Street closes …
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10 November 2023 10:14 pm
US Dollar consolidates, expected to close with weekly gain
The DXY index trades neutral at 105.90, closing a 0.80% weekly gain. Fed hawks revived USD strength during the week.UoM consumer sentiment data come in lower than expected. The focus shifts to next week’s inflation figure from the US from October.The US Dollar showed minimal movement on Friday. The DXY …
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10 November 2023 8:29 pm
China’s deflation impacts global manufacturers’ profits
The worldwide manufacturing sector is being impacted by China’s economic downturn, as evidenced by the decline in semiconductors, smartphones, and other electronics. Weak capital investment has also resulted in a slow demand for machinery.According to a Nikkei analysis of QUICK-FactSet data, the net incomes of about 13,000 major listed companies …
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10 November 2023 7:52 pm
AUD/USD ends week lower, pressured by RBA’s stance, Powell’s hawkishness
The Australian Dollar (AUD) has experienced a significant drop in value, with the AUD/USD pair dropping 0.12% for the day and extending its losses throughout the week. The RBA’s 25 bps rate hike under new Governor Michele Bullock’s leadership failed to provide a bullish impetus for the Aussie, and Fed …
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10 November 2023 6:25 pm
US Dollar reacts to Powell’s hawkish remarks, technical outlook uncertain
Traders were taken by surprise as Federal Reserve Chairman Jerome Powell delivered unexpectedly hawkish remarks, causing the US Dollar (USD) to initially surge, but subsequently ease during European trading on Friday. Powell’s comments deviated from market expectations of upcoming rate cuts, creating a contrasting picture to earlier dovish statements made …
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10 November 2023 4:15 pm
Gold price struggles as Fed endorses tightening policy, US inflation data awaited
In the near term, the price of gold (XAU/USD) has fallen sharply to around $1,950 after a brief recovery. This decline is driven by the strong inclination of Federal Reserve policymakers to tighten monetary policy further. Federal Reserve Chair Jerome Powell supports tightening policy and emphasizes the need for a …
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10 November 2023 2:29 pm
Dollar is heading for its best week against the yen in 3 months
The dollar is headed for its best week against the yen in three months on Friday after Federal Reserve Chairman Jerome Powell and a group of US central bank officials dashed market expectations that interest rates had peaked. As for cryptocurrencies, Bitcoin and Ether settled near their highest levels in …
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10 November 2023 1:38 pm
European stocks fell as the US Federal Reserve undermined hopes that interest rates would reach their peak
European stocks fell on Friday, pressured by rising bond yields, and comments by Federal Reserve Chairman Jerome Powell undermined investors’ hopes that interest rates would peak. The European STOXX 600 index fell 0.4 percent by 0810 GMT, but is still heading for gains for the second week. Fed officials, including …
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10 November 2023 1:51 am
WTI trapped as US Crude Oil production hits all-time high
Crude Oil saw a minor relief bid on Thursday before getting pushed back down. WTI ticked into $77.00 before slipping back to $75.00. US hits all-time highs on Crude Oil production.WTI Crude Oil continues to get pushed into recent lows as barrel bids struggle to find the floor on bearish …
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9 November 2023 11:27 pm
Gold reshine on positive market sentiment, softer jobs data
Gold prices have rebounded from their weekly lows, marking a 0.43% increase, as traders digest the latest US jobless claims report. The Federal Reserve’s divided stance and the anticipation of Chairman Powell’s speech keep investors on edge, with a dovish tilt currently in the lead. Geopolitical tensions following the Hamas …
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9 November 2023 10:29 pm
How Is Russia using gold to avoid sanctions?
Russia is utilizing gold to get around sanctions put in place following its invasion of Ukraine, according to a red alert issued by the UK National Crime Agency (NCA) to the financial industry. According to the NCA, concerted efforts are being made to launder gold that has been sanctioned in …
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9 November 2023 9:38 pm
Wall Street still stuck as oil recovers from sharp losses
After recent fluctuations, Wall Street appears to be mostly neutral. The Standard & Poor’s 500 is expected to have a quiet, mixed day for the fourth straight day, with early trading remaining unchanged. Nearly flat on the Nasdaq composite, the Dow Jones industrial average was up 11 points, or less …
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