Asian currencies saw muted activity in Monday’s holiday-thinned trade, with regional markets focused on the highly anticipated Federal Reserve meeting this week. While markets in Japan, China, and South Korea were closed for holidays, the Japanese yen made significant gains, hitting an eight-month high, as traders positioned ahead of key …
Read More »Global Forex Update: Dollar Steadies Amid Fed Optimism, Euro and Yuan Under Pressure
The U.S. dollar held firm on Thursday, bolstered by hawkish Federal Reserve minutes and strong econo…
Germany’s Exports and Industrial Production Beat Expectations, but Economic Challenges Persist
Germany, the eurozone’s largest economy, delivered better-than-expected export and industrial produc…
European Stocks Edge Lower Amid Mixed Economic Data and Retail Earnings
European stock markets traded slightly lower on Thursday, as investors evaluated economic data and r…
Oil Prices Steady Amid Seasonal Demand and Rising U.S. Inventories
Oil prices held steady on Thursday as markets balanced strong winter fuel demand expectations with c…
Gold Prices Hold Steady Amid Fed Concerns and Trade Tariff Uncertainty; Copper Rises on China Stimulus Hopes
Gold prices steadied in Asian trade on Thursday after two consecutive days of gains, supported by sa…
WTI Oil Prices Slip Below $72.50 as US Dollar Strengthens
West Texas Intermediate (WTI) crude oil prices dipped below $72.50 per barrel in early Asian trading…
Is Eurozone back to a sovereign debt crisis following the German election?
German Chancellor Olaf Scholz disbanded his coalition government composed of the Social Democrats, G…
Yen Retreats On Stronger US Dollar
The Japanese yen is retreating against the US dollar due to the latter’s strength, driven by d…
XAU/USD Edges Higher Despite Mixed US Jobs Data As FOMC Minutes Hint at Slowing Rate Cuts
Gold prices climbed during the North American session, buoyed by a slightly hawkish tone in the late…
FOMC Minutes Reflect Growing Concerns Over Trump’s Trade Policies
The Federal Reserve’s latest monetary policy meeting minutes, released on Wednesday, revealed …
Market Analysis
September, 2024
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16 September 2024 6:45 am
Financial Markets’ Weekly Recap: Fed’s rate cut size in focus
US dollar has ceased its upward trajectory since the release of US economic data indicating a slowdown in consumer prices. This data has reinforced expectations that the Federal Reserve is likely begin cutting interest rates at its September meeting. This data has fuelled speculation that the Federal Reserve is likely …
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14 September 2024 12:17 am
Was ECB’S Rate Cut A Risky Gamble for the Euro?
The market is currently focused on the potential policy decisions of the Fed, with strategists believing that the risk of EUR/USD dropping back to 1.10 is high. Market expectations regarding a possible September rate cut from the Fed began to firm up in July, leading to the USD underperforming all …
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13 September 2024 11:20 pm
US Dollar Weakens as Rate Cut Bets Accelerate
The US Dollar continued its downward trend as investors digested recent economic data and increased their bets on a more aggressive rate cut by the Federal Reserve. The US Dollar Index (DXY) fell, reflecting a weaker greenback against a basket of major currencies.Fed Rate Cut Expectations AccelerateFollowing dovish comments from …
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13 September 2024 10:18 pm
XAU/USD Hits All-time High as Rate Cut Optimism Accelerates
Gold prices have been on a remarkable ascent, reaching new all-time highs as investors flock to the precious metal amid a confluence of favorable factors. The combination of a weakening US Dollar, rising geopolitical tensions, and increasing expectations for a bolder Fed rate cut has propelled gold prices to unprecedented …
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13 September 2024 9:22 pm
US Treasury Yields Decline at Week’s End
US Treasury yields decreased on Thursday, influenced by mounting speculation that the Federal Reserve might reduce interest rates by more than previously anticipated. This development has negatively impacted yields on benchmark government bonds, which are less favored in a low-interest-rate environment.Over the past few days, markets have experienced significant uncertainty …
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13 September 2024 8:40 pm
Growing Fed Rate Cut Optimism Triggers Stock Market Rally
Even while THE PREVALENT market SENTIMENT is becoming increasingly optimistic, it’s crucial to remember that things can change quickly in terms of the economy. Investors ought to exercise caution and keep a close eye on developments. The Fed’s impending rate decision is a key event that could have a big …
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13 September 2024 7:44 pm
Trump’s social media stock soars as he’s “Not Selling”
Trump’s social media stock surged after he announced he is not selling shares in his controversial company, Trump Media. Trump and other insiders in Trump Media & Technology Group will be free to sell shares as soon as next week when lock-up restrictions are set to expire. Trump’s comments instantly …
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13 September 2024 2:28 pm
U.S. Stock Futures Flat as Traders Await Fed’s Rate Cut Decision
U.S. stock index futures were steady on Friday as investors remained cautious about the size of the Federal Reserve’s expected interest rate cut next week. Speculation about a more substantial 50-basis point (bps) cut has increased, with the CME FedWatch Tool showing a 41% chance of such a move, up …
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13 September 2024 12:43 pm
Dollar Softens Ahead of Federal Reserve’s Rate Decision, Yen Reaches Year High
The U.S. dollar weakened on Friday as uncertainty over the size of the Federal Reserve’s upcoming interest rate cut kept investors on edge. The yen reached its highest level this year amid widespread anticipation of a significant rate cut from the Fed at its meeting next week. With the Federal …
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13 September 2024 11:49 am
European Stocks Rise Amid Fed Rate Cut Speculation and Stronger Mining Sector
European stocks advanced on Friday, bolstered by gains in the mining sector and anticipation of a potential interest rate cut by the U.S. Federal Reserve at its upcoming meeting. The pan-European STOXX 600 index rose 0.5% to 514.5 points as of 0710 GMT, marking solid progress towards a weekly gain. …
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13 September 2024 10:50 am
Oil Prices Rise Amid U.S. Gulf Disruptions Despite Lingering Demand Concerns
Oil prices extended their upward momentum on Friday, driven by production disruptions in the U.S. Gulf of Mexico, where Hurricane Francine forced the evacuation of platforms ahead of its landfall on the Louisiana coast. This rally comes after a rocky start to the week that saw Brent crude briefly dip …
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13 September 2024 10:00 am
Gold Hits Record High on Fed Rate Cut Speculation, Tight U.S. Presidential Race
Gold prices surged to an all-time high during Asian trading on Friday, driven by persistent speculation that the Federal Reserve will cut interest rates in the coming week. Increased demand for the safe-haven asset amid uncertainties surrounding the U.S. presidential election further boosted the yellow metal’s appeal. Gold continued its …
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