The Pound Sterling advances against the US Dollar during the US trading session due to the market’s positive sentiment boosted by expectations that the US Federal Reserve would slowdown the pace of upcoming rate hikes.This expectation comes during the week that will witness the key CPI data, inflation report in …
Read More »U.S. Stocks Rise on Strength in Chipmakers and AI Shares
U.S. equity markets opened the week higher, supported by strong performance in technology stocks, pa…
Canada inflation slows to 2.2% in October as gasoline, food and mortgage costs ease
Canada’s annual inflation cooled to 2.2% in October, helped by cheaper gasoline, slower grocery infl…
Oil slips as Novorossiysk resumes loadings; supply-risk premium cools
Crude prices eased Monday, giving back part of Friday’s surge after tanker-tracking data showed Russ…
Bitcoin pares losses after six-month low as Fed cut hopes fade; Japan weighs tougher crypto rules
Bitcoin trimmed part of its slide on Monday but stayed under pressure, with fading expectations of a…
European Stocks Edge Lower as Global Growth Worries Linger; Nvidia Earnings Loom
European equities drifted lower at the open on Monday, with investors uneasy about global growth and…
Gold Extends Losses as Markets Fade Odds of December Fed Cut; Dollar Firms Ahead of Data
Gold fell in Asian trading Monday, extending last week’s pullback as traders further priced out the …
Asia Stocks Slip as Japan GDP Contracts; Nvidia Earnings Keep Tech on Edge
Asian equities edged lower Monday, with Japanese shares under pressure after data showed the economy…
Weekly market recap: Fed is expected to send cautious messages after reopening
Last week in the financial markets was packed with significant developments—both on the economic fro…
Oil Prices Leap as Ukraine Strike Rekindles Fears of Supply Disruptions
Oil markets surged on Friday after a new wave of Ukrainian drone strikes hit a major Russian export …
Fed Signals Disinflation Ahead Amid Border Policy Shift
The U.S. Federal Reserve has signaled that recent changes in border policy may help ease inflationar…
Market Analysis
January, 2023
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10 January 2023 12:07 am
Bitcoin rallies to 3-week highs ahead of US CPI
Bitcoin has been stuck between $16k and $18.5k for 2 months, and currently, it has taken off above the $17,000 mark but doubts do exist among traders ahead of the key CPI data for December in the United States on Thursday, meanwhile, comments and remarks by Fed officials are closely …
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9 January 2023 11:29 pm
Why Is Wall Street Suddenly Celebrating On Monday?
US equities had a surprise reason for celebrating with the first day of the second trading week in the new year. So far, in 2023, Wall Street has swung from sadness to joy.US Stocks are enjoying a robust year beginning after 2022’s disappointing performance. Even though the Dow fell more …
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9 January 2023 10:39 pm
Fed’s Bostic Prefers Holding Rates Above 5% For A Long Time
Atlanta Fed President Raphael Bostic said the central bank should raise interest rates above 5% by early in the second quarter and then go on hold for “a long time.”Bostic said on Monday that it is ”fair to say that the Fed is willing to overshoot”, mentioning the likelihood that …
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9 January 2023 9:48 pm
AUD/USD hits fresh five-month high on weaker US dollar
The AUD/USD pair is surging due to traders’ speculations that the US Fed would shift dovish. The US 10-year Treasury bond yield continues to edge lower, eyeing the 3.50% threshold and weighing on the USD.The AUD/USD pair sharply soars above the 0.6900 figure on speculations that the Fed would change …
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9 January 2023 8:57 pm
Gold closer to eight-months highs as US Dollar retreats
Gold price holds onto latest gains as the rally in Wall Street continues. Monday’s weaker US Dollar offers support to the Gold Index that continues to look forward to $1,880.Strong demand for Treasury bonds as market participants await a less hawkish Fed. Gold prices are holding up and near the …
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9 January 2023 7:43 pm
EUR/USD climbs to 4-week highs past 1.0730
The EUR/USD pair picks up extra pace and trespasses the 1.0700 barrier. The dollar remains on the defensive and drops to 7-month lows. Bulls push harder at the beginning of the week and lift EUR/USD to the 1.0730 region for the first time since mid-December.EUR/USD leaves behind the 1.0700 barrier …
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9 January 2023 6:21 pm
Market Drivers – European Session 9/1/2023
European stocks rose Monday, January 9, extending the year’s positive start to the year for a second week, as China reopened its borders and US and European data contributed to calming concerns about the strong tightening of monetary policy by central banks. The pan-European Stoxx 600 rose 0.3%. The index …
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9 January 2023 6:16 pm
Biden declares a state of emergency in California due to storms
US President Joe Biden has adopted a declaration of a state of emergency in California due to storms that have killed at least 12 people over the past ten days and cut off power to hundreds of thousands of homes and businesses in the state. The White House said in …
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9 January 2023 5:12 pm
The unemployment rate in the eurozone was unchanged in November as expected
The European Union’s statistics office (Eurostat) said on Monday that the unemployment rate in the euro zone was unchanged in November and remained at a record low level as expected, as the number of unemployed fell slightly. He added that the unemployment rate in the 20 euro countries was 6.5 …
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9 January 2023 3:33 pm
Russian ruble rises on the first working day of the new year
The Russian ruble started the first days of full trading in the new year on the rise, and rose from levels that are the lowest in 6 months, which it reached in volatile transactions in late 2022. The ruble advanced 1.4% against the dollar on Monday, January 9, to reach …
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9 January 2023 2:52 pm
Dollar near its lowest level in seven months after the jobs data
On Monday, the dollar approached its lowest level in seven months against other major currencies, after data last week showed that the Federal Reserve may slow the pace of decisions to raise interest rates, while the reopening of Chinese borders boosted higher-risk currencies. The yuan in foreign transactions approached its …
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9 January 2023 1:12 pm
European stocks rise with support for reopening in China
European stocks rose on Monday, extending a positive start to the year for a second week, as China reopened its borders and US and European data eased concerns about the aggressive tightening of monetary policy by central banks. The pan-European Stoxx 600 index was up 0.3 percent by 0812 GMT. …
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