Shares of Airbnb fell in extended trading Tuesday after the company released first-quarter earnings that beat analyst estimates but offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter.Airbnb swung to a net profit of $117 million from a net loss of $19 million during the year-earlier period, …
Read More »US Index Futures Under Pressure Amid Iran War Escalation and Oil Spike
US stock index futures moved lower ahead of the trading session, reflecting rising investor caution …
Why It Matters: UAE Strengthens Energy Exports With Strategic Pipeline Bypassing Hormuz
The United Arab Emirates is moving to reshape its energy export strategy with the construction of a …
Fragile Pause in the World’s Biggest Economic Rivalry After Leaders’ Talks
The trade relationship between the United States and China, the world’s two largest economies, remai…
Carry Trades Roar Back as Interest Rate Gaps Drive G10 Currency Rally
Currency carry trades are enjoying their strongest performance in years as investors return to high-…
British Pound Slides as UK Political Turmoil and Iran Tensions Boost US Dollar
The British Pound extended its sharp decline on Friday, heading toward its fourth consecutive daily …
WTI Oil Surges Above $100 as Trump-Xi Summit Intensifies Supply Concerns
West Texas Intermediate crude climbed above the key $100-per-barrel level on Friday, as markets reac…
Euro Slides Toward Monthly Lows as Hawkish Fed Bets Strengthen US Dollar
The Euro weakened further against the US Dollar on Friday, with the EUR/USD pair falling toward its …
Oil Erupts Over 2% as Trump Declares War of Words on Iran: Weekly Gains Hit 10% Despite Xi Summit Charm Offensive
Key Takeaways Sharp Friday gains: Brent crude rose 2.8% to $108.65 per barrel, while WTI surged 3.4%…
Trump-Xi Summit Wraps with “Series of New Consensus” — But Concrete Deals Remain a Mystery
Key Takeaways Second round concluded: Trump and Xi wrapped their second round of talks Friday, per C…
Wall Street Futures Tumble as Iran War Threats and Chip Export Snub Crush Record-High Mood
Key Takeaways Futures fall sharply: S&P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures…
Market Analysis
May, 2023
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10 May 2023 1:04 am
S&P500 Futures, yields depict cautious optimism despite US default woes
Market sentiment remains divided as debt-ceiling talks fails ahead of the US inflation report. The S&P500 Futures print mild gains, US 10-year Treasury bond yields snap four-day winning streak. Updates about US default, banking fallouts can entertain traders ahead of US CPI for April. Risk profile stays sluggish during early …
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10 May 2023 12:07 am
WTI defends four-day winning streak ahead of US inflation data
WTI bulls take a breather after four-day uptrend, sidelined of late. US SPI refill concerns, geopolitical woes join sluggish US Dollar to favor Oil buyers. Mixed sentiment, recession fears and US debt-ceiling jitters weigh on commodity price.WTI crude oil remains static around mid-$73.00s amid the early hours of Wednesday’s Asian …
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9 May 2023 11:04 pm
Biden, McCarthy divided over debt ceiling but talks continue
US President Joe Biden and top lawmakers failed to break a deadlock on Tuesday in face-to-face talks over raising the $31.4 trillion US debt limit but vowed to meet again with just three weeks before the country may be forced into an unprecedented default.Biden called the meeting “productive” and reported …
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9 May 2023 9:55 pm
Gold climbs amid US debt ceiling woes, declining T-yields
The Gold Index XAU/USD rallies on Tuesday, benefiting from concerns over the US debt ceiling and slowing Chinese manufacturing activity.Falling US Treasury bond yields support gold prices despite strong US Dollar. Eyes are focused the upcoming US CPI data, which has the potential to impact gold prices. Gold price is …
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9 May 2023 8:43 pm
Sterling trades back above 1.2600 ahead of BoE’s decision
The British pound drops to around the 1.26 handle ahead of key macroeconomic events for the week. The Pound Sterling is likely to be impacted by the Bank of England meeting on “Super Thursday”. The US Dollar will look for impetus from the US Consumer Price Index data for April …
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9 May 2023 7:36 pm
US dollar rebounds amid sour market sentiment
US Dollar manages to stay resilient against its major rivals on Tuesday. US Dollar Index clings to modest daily gains following Monday’s rebound. April inflation data from the US could trigger the next big reaction in USD.The US Dollar shook off the selling pressure at the beginning of the week …
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9 May 2023 4:55 pm
Gold is rising as investors await US inflation data
Gold prices rose on Tuesday as investors awaited US inflation data in search of indications of the monetary policy path of the Federal Reserve (US Central Bank) in light of continued economic uncertainty. By 1021 GMT, spot gold rose 0.5 percent to $2,030.43 an ounce, and US gold futures rose …
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9 May 2023 2:58 pm
Sterling is hovering at a one-year high as traders await the BoE’s decision.
The Bank of England is expected to raise interest rates by 25 basis points this week, according to traders. The market is also anticipating significant US inflation numbers on Wednesday, which will give additional insight into the world’s largest economy’s fight against inflation. On Tuesday, sterling fell against the US …
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9 May 2023 1:20 pm
Gold is locked in a narrow range as investors await US inflation data
Gold prices moved in a narrow range on Tuesday ahead of US inflation data, which investors are looking for clues to the Federal Reserve’s policy path. Spot gold remained unchanged at $2,023.41 an ounce, and by 0232 GMT, US gold futures were down 0.2 percent, at $2,030.10. US consumer price …
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9 May 2023 12:33 pm
European stocks declined with the decline in the Swedish SBB stock
European stocks fell on Tuesday, with Sweden’s SBB leading the losers after the company postponed its dividend, while investors remained wary ahead of important US economic data. The pan-European STOXX 600 index was down 0.2% by 0706 GMT, as investors awaited US consumer price data later this week for clues …
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9 May 2023 12:00 pm
Japan stocks jump supported by strong corporate results
Japanese stocks rose on Tuesday, with the Nikkei index recording its highest closing level in 16 months, supported by a rise in steelmakers’ stocks on the back of strong corporate earnings. JFE Holdings jumped 14.5 percent, its biggest gain in 14 years, after Japan’s second-biggest steelmaker expected profits to rise …
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9 May 2023 10:57 am
Dollar is rising and the pound is near its highest level in a year
The dollar rose on Tuesday after a survey showed that credit conditions in the United States were less bleak than expected, while the pound sterling flirted with its highest levels in a year amid expectations that the Bank of England (central) will raise interest rates this week. Currencies were little …
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