Bitcoin price consolidates between $87,000 and $93,000 after reaching a new all-time high of $94,000 breaking the previous $93,265, recorded last week. Reports highlight that investors may delay rotating into altcoins as BTC shows potential to reach the $100K milestone. Once more attracting the interest of investors all around, Bitcoin …
Read More »Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
PPI Shadowed: GBP/USD Wobbles Amid GDP Shock and Surging US Inflation Fears
The Pound Sterling (GBP) faced renewed pressure against the US Dollar (USD) this week, with GBP/USD …
Changpeng Zhao Denies Ties of Trump Family Ties and Binance Amid Controversy
Changpeng Zhao (CZ), the founder and former CEO of Binance, the globe’s largest cryptocurrency…
Gold Shatters $3,000 Barrier: Historic Safe-Haven Surge Amid Global Uncertainty
In a landmark moment, gold prices surged past the $3,000 per ounce threshold on Friday, marking an a…
Bristol Myers Squibb Gains Expanded EU Approval for CAR-T Therapy Breyanzi
The European Commission has granted Bristol Myers Squibb (NYSE: BMY) an expanded approval for its CA…
Forex Market Overview: Yen Weakens, Pound Slips, Dollar Recovers
The Japanese yen weakened on Friday after concluding union wage negotiations, while the British poun…
Oil Prices Rebound as Ukraine Conflict Persists, Trade War Concerns Loom
Oil prices bounced back on Friday, recovering some of the previous session’s losses, as the Uk…
Gold Prices Hold Near Record Highs Amid Trade Tensions, Rate Cut Expectations
Gold prices remained steady at all-time highs in Asian trading on Friday, driven by escalating U.S.-…
Market Analysis
November, 2024
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19 November 2024 8:49 pm
Can Trump’s administration influence interest rates?
Trump’s administration has been criticized for potentially meddling with the Fed’s decisions about the US monetary policy. However, there is little Trump could do to threaten the Fed’s independence. Trump and some of his allies have suggested that Trump should be allowed to comment on interest rates, but this would …
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19 November 2024 7:52 pm
Safe-Haven Currencies Surge as Geopolitical Tensions Escalate
Global Markets React to Russia’s Nuclear Doctrine UpdateGlobal financial markets experienced significant volatility on Tuesday, November 19th, as Russia’s revision of its nuclear doctrine sparked concerns about escalating geopolitical tensions. Investors flocked to safe-haven assets, driving up the value of currencies like the U.S. dollar, Swiss franc, and Japanese yen. …
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19 November 2024 4:26 pm
Geopolitical Tensions Weigh on U.S. Stock Futures as Putin Lowers Nuclear Strike Threshold
U.S. stock index futures experienced a notable drop on Tuesday, with mounting geopolitical concerns stemming from Russian President Vladimir Putin’s hawkish comments about nuclear weapons unsettling investors. By 06:30 ET (11:30 GMT), Dow Jones Futures were down 265 points, or 0.6%, while S&P 500 Futures fell 25 points, or 0.4%, …
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19 November 2024 2:53 pm
Geopolitical Tensions and Inflation Concerns Weigh on European Stocks
Europe’s main stock index dropped to a three-month low on Tuesday as investor sentiment soured amidst escalating geopolitical risks and inflationary concerns linked to U.S. policies under President-elect Donald Trump. The pan-European STOXX 600 index fell 0.9%, on track for its third consecutive day of losses. Safe-haven assets, such as …
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19 November 2024 1:36 pm
Dollar Nears One-Year High Amid Trump Administration Speculation and Treasury Market Reactions
The U.S. dollar rose on Tuesday, nearing its one-year high, as market attention focused on U.S. President-elect Donald Trump’s search for a Treasury Secretary. Reports indicate that the list of candidates has expanded, now including Apollo Global Management CEO Marc Rowan and former Federal Reserve Governor Kevin Warsh. Analysts highlight …
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19 November 2024 12:38 pm
Gold Prices Rise as Dollar Weakens and Geopolitical Tensions Intensify
Gold prices saw gains in Asian trade on Tuesday, building on a recovery from two-month lows. The yellow metal benefitted from a pullback in the U.S. dollar and escalating geopolitical tensions between Russia and Ukraine, which fueled demand for safe-haven assets. Spot and Futures Prices Climb Spot gold was up …
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19 November 2024 10:50 am
Oil Prices Dip Slightly Amid Demand Concerns and Supply Worries
Oil prices edged lower in early Asian trading on Tuesday, stabilizing after significant gains in the prior session. The decline followed concerns about global demand and a potential supply glut, despite the market’s reaction to recent supply disruptions and geopolitical tensions. Modest Decline in Oil Futures Brent crude futures for …
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19 November 2024 2:43 am
Gold Soars Amidst Geopolitical Tensions and Dollar Weakness
Gold prices surged on Monday, reversing a recent downward trend as the U.S. dollar weakened and concerns over the Russia-Ukraine conflict intensified. The precious metal, often seen as a safe-haven asset during times of economic and geopolitical uncertainty, benefited from increased investor demand.Geopolitical Tensions Fuel Safe-Haven DemandThe escalation of the …
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19 November 2024 1:22 am
Market Drivers; US Session
Market Update: Dollar Weakens, Euro and Pound Strengthen The US Dollar continued its downward trend on Tuesday, November 19th, as the initial enthusiasm for the Trump rally seems to have waned. This potential temporary dip could lead to another “buy the dip” opportunity. Key Events and Economic Data: US Dollar: …
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19 November 2024 12:30 am
USD edges lower amid G20 meeting
The US Dollar is showing very little movement on Monday, despite geopolitical tensions rising ahead of the G20 meeting. The Biden administration’s approval of long-range US missile use by Ukraine against Russian targets has increased global concerns. While the US Dollar Index (DXY) remains above 106.50, the economic calendar for …
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18 November 2024 11:35 pm
Supply disruption pushes oil prices 3% higher
Oil prices surged on Monday, driven by a combination of factors including a production halt at Norway’s Johan Sverdrup oilfield and escalating tensions in the Russia-Ukraine war.Brent crude futures climbed by 2.9% to $73.10 a barrel, while U.S. West Texas Intermediate crude futures rose by 2.9% to $68.99 a barrel. …
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18 November 2024 9:58 pm
Could China’s New Energy Law Lead to Market Reform?
With distinct regulations covering coal, electricity, energy conservation, and renewable energy, China’s recently passed Energy Law closes a significant regulatory gap. With distinct regulations covering coal, electricity, energy conservation, and renewable energy, China’s recently passed Energy Law closes a significant regulatory gap. With its comprehensive Energy Law, China has finally …
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