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Market Analysis

November, 2024

  • 28 November 2024 12:50 pm

    Bitcoin Climbs as Optimism Grows Over Pro-Crypto Policies Under Trump Administration

    Bitcoin extended its rally on Thursday, fueled by speculation that the incoming Trump administration will introduce more favorable cryptocurrency regulations. The cryptocurrency surged 3.1% to $95,645 by early trading hours, continuing its recovery toward the psychologically significant $100,000 milestone. Key Drivers Behind Bitcoin’s Rise Regulatory Shift to CFTC: Reports suggest …

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  • 28 November 2024 11:13 am

    Gold Edges Lower Amid Inflation Concerns and Rate Cut Uncertainty

    Gold prices faced slight declines during Thursday’s Asian trading session, reflecting market uncertainty over the Federal Reserve’s rate-cut trajectory. The robust U.S. economy and persistently high inflation have tempered expectations for aggressive monetary easing in the near future. Key Factors Driving Gold Prices U.S. Economic Data: The Personal Consumption Expenditures …

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  • 28 November 2024 4:04 am

    Explainer: How has Energy Market React to EIA Report?

    Natural Gas Futures Slip Amid Technical Weakness and Storage Concerns Natural gas futures declined on Wednesday as traders braced for the US Energy Information Administration’s (EIA) weekly storage report. While some market participants attributed the sell-off to changing weather patterns, technical weakness appears to be the primary driver.Technical AnalysisPrices struggled …

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  • 28 November 2024 3:38 am

    Market Drivers; US Session: A Turbulent Week Across Global Markets

    The global financial landscape experienced significant shifts this week, primarily driven by the weakening US Dollar and fluctuating commodity prices. The US Dollar Index (DXY) plummeted to multi-day lows, breaking below the crucial 106.00 support level. This decline was primarily attributed to a combination of factors, including a decrease in …

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  • 28 November 2024 2:46 am

    XAU/USD Trades Higher Following GDP Data, But Weekly Loss Still Likely

    The US economy continues to exhibit remarkable resilience, with the latest GDP figures confirming a robust growth trajectory. The Bureau of Economic Analysis reported a 2.8% expansion in the third quarter, a figure that aligns with the previous quarter’s growth rate. This sustained economic momentum, driven by consumer spending, is …

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  • 28 November 2024 1:06 am

    Stock Market Rally Paused Amid Further Uncertainity

    The recent market downturn, particularly evident in the tech-heavy Nasdaq, has sparked widespread concern among investors. This decline can be attributed to a confluence of factors, including persistent inflationary pressures, the Federal Reserve’s aggressive monetary policy, geopolitical tensions, and shifting investor sentiment.Inflationary Headwinds and Fed’s Tightening GripDespite the Federal Reserve’s …

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  • 27 November 2024 11:53 pm

    Is Us Economy Encountering A Stalled Recovery?

    The US economy showed signs of resilience in early Q4, with consumer spending maintaining its upward trajectory. However, the persistent inflation above the Federal Reserve’s target rate casts a shadow over the economic outlook.Consumer Spending: A Bright SpotConsumer spending, the engine of the US economy, increased modestly in October, indicating …

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  • 27 November 2024 9:39 pm

    FOMC Minutes Reflect Fed’s Cautious Stance:

    The Federal Reserve’s latest policy meeting minutes reveal a cautious approach to further interest rate cuts, reflecting a delicate balancing act between stimulating economic growth and taming inflation. Divided Fed While the Fed acknowledges that inflation is easing and the labour market remains strong, there is a growing divergence of …

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  • 27 November 2024 8:40 pm

    Stubborn Inflation Ghost: PCE Data Haunts the Fed

    Core PCE

    The specter of persistent inflation continues to loom over the US economy, as evidenced by the latest Personal Consumption Expenditure (PCE) Price Index report. The core PCE, the Federal Reserve’s preferred inflation gauge, edged up to 2.8% year-over-year in October, defying expectations and raising concerns about the central bank’s ability …

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  • 27 November 2024 7:36 pm

    US Dollar Pauses Following PCE Ahead Of Thanksgiving

    The US Dollar embarked on a brief respite ahead of the Thanksgiving holiday, with its recent rally pausing after the release of key economic data. While the Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation gauge, came in line with expectations, it did little to alter market sentiment.A …

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  • 27 November 2024 7:05 pm

    U.S. Economy Maintains Strong Growth in Q3 Amid Robust Consumer Spending

    The U.S. economy grew at a steady annualized rate of 2.8% in the third quarter, according to the Commerce Department’s second estimate released on Wednesday. The figure remains unchanged from the initial estimate, reflecting solid consumer spending and a favorable contribution from business investment. Key Highlights GDP Growth: The third-quarter …

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  • 27 November 2024 5:56 pm

    U.S. Unemployment Claims Decline, But Long-Term Joblessness Persists

    The number of Americans filing for unemployment benefits continued to decline last week, signaling a rebound in labor market conditions. However, persistent long-term joblessness among laid-off workers underscores ongoing challenges in the job market, which could influence the Federal Reserve’s interest rate decisions in December. Key Data Highlights Initial Unemployment …

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  • 27 November 2024 2:54 pm

    German Consumer Sentiment Declines Sharply Amid Economic Uncertainty

    German consumer sentiment is set to decline significantly in December, breaking a streak of improvements as households face growing concerns about job security and economic prospects, according to a survey released on Wednesday. Key Survey Results The GfK Consumer Sentiment Index, published by the Nuremberg Institute for Market Decisions (NIM), …

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