Key Points: Price decline: Oil prices continued to fall on Monday, driven by expectations of higher OPEC+ production and concerns about weak demand in China and the United States.OPEC+ production: The organization is set to increase oil output in October as part of a plan to unwind previous supply cuts.Demand …
Read More »Jobless Claims Data Explainer: A Resilient US Labour Market, But for How Long?
The recent decline in US jobless claims, falling to an 11-month low, offers a seemingly positive sna…
The Fed’s Cautious Path: What to Expect from December’s FOMC Minutes
The Federal Reserve’s decision to cut interest rates in December, while welcomed by some, was …
China Anticipates Record Travel During Lunar New Year Amid Economic Struggles
China is bracing for an unprecedented travel surge during the upcoming Lunar New Year, with authorit…
Dollar Strengthens Amid Robust U.S. Data, Weighing on Global Currencies
The U.S. dollar advanced for the second consecutive day on Wednesday, buoyed by strong economic data…
Japan’s Consumer Sentiment Weakens, Casting Doubt on Central Bank’s Policy Outlook
Consumer sentiment in Japan took a hit in December, as per a government survey released on Wednesday…
European Shares Edge Higher Amid Strength in Healthcare and Financial Stocks
European stocks saw modest gains on Wednesday, driven by advances in heavyweight healthcare and fina…
Oil Prices Edge Higher Amid Tightening Supplies and Strong U.S. Economic Data
Oil prices gained on Wednesday, supported by tightening supplies from Russia and OPEC members, along…
Bitcoin Extends Losses Amid Rate Concerns, Wiping Out Recent Gains
Bitcoin continued its downward trajectory on Wednesday, erasing the entirety of its recent rebound a…
ISM Data Fueling Interest Rate-linked Fears Accounts For Stock Market Downturn
US stocks experienced slid on Tuesday, with the S&P 500 and Nasdaq Composite falling significan…
Canadian Dollar Faces Headwinds Amid Political Turmoil
The Canadian Dollar (CAD) has halted its recent bullish recovery, halting on the charts and cycling …
Market Analysis
September, 2024
-
2 September 2024 1:57 pm
Oil Prices Extend Losses Amid OPEC+ Production Increase and Demand Concerns
-
2 September 2024 1:03 pm
Eurozone Manufacturing Remains in Contraction
Persistent contraction: Eurozone manufacturing activity continued to decline in August, according to the latest PMI data.Weak demand: New orders and demand from abroad fell at the fastest rates this year.Price increases: Manufacturers raised their prices for the first time in 16 months, driven by factories in several countries.Inflation easing: Overall …
Read More » -
2 September 2024 10:48 am
Dollar Gains as Fed Rate Cut Expectations Moderate
The U.S. dollar strengthened against major currencies on Monday as investors scaled back their expectations for aggressive interest rate cuts by the Federal Reserve. This shift in sentiment followed the release of inflation data that indicated a less urgent need for the Fed to take more drastic measures to curb …
Read More » -
2 September 2024 10:18 am
Turkey’s Economic Tightrope: A Balancing Act
A Tale of Two Quarters Turkey’s economic journey has been a rollercoaster in recent times, with a steep ascent in the first quarter followed by a more cautious descent in the second. The reasons for this shift are as complex as the Turkish economy itself. The First Quarter: A Consumer …
Read More » -
2 September 2024 9:28 am
Oil Prices Extend Losses Amid OPEC+ Production Increase and Weak Demand in China and U.S.
Oil prices continued their downward trend on Monday, driven by expectations of increased OPEC+ production starting in October and concerns over sluggish demand in the world’s two largest oil consumers, China and the United States. Market Movements: Brent Crude: Fell by 61 cents, or 0.8%, to $76.32 per barrel.West Texas …
Read More » -
2 September 2024 5:48 am
Financial Markets Weekly Recap: US Growth, PCE Ignites Price Actions
Financial markets experienced extreme volatility this summer, with notable corrections in August and an impressive resurgence. Geopolitical worries, economic statistics, corporate results, and expectations for monetary policy were some of the causes that drove volatility. Depending on the index, August’s market movement was akin to a summer action film, with …
Read More »
August, 2024
-
31 August 2024 1:54 am
boosted by T-Yields, USD/JPY Rallies Past 146.00
The forex market has been buzzing with activity lately, with the USD/JPY pair grabbing headlines. This is why it looks interesting to dives deep into the forces propelling this upward trend and explore its potential “Domino Effect” across the global economy. The recent surge in the USD/JPY is a confluence …
Read More » -
30 August 2024 10:59 pm
DXIY Rallies Amidst Inflationary Tides
The US Dollar has been on a steady upward trajectory, gaining strength following the release of July’s Personal Consumption Expenditures (PCE) Index. This inflation metric, favored by the Federal Reserve, has shown a consistent decline, suggesting that inflationary pressures are easing. However, the path forward for interest rate cuts remains …
Read More » -
30 August 2024 9:57 pm
Dow Jones: A New Record High, but Caution Ahead
The Dow Jones Industrial Average (DJIA) capped off a remarkable week with a new intraday high. This milestone, following a similar record-setting performance on Monday, underscores the ongoing bullish sentiment in the market. However, the recent retreat from the all-time high raises questions about the sustainability of this momentum.Inflation and …
Read More » -
30 August 2024 9:02 pm
EUR/USD Pressured Amid Softer Inflation Data
The EUR/USD pair has been under pressure in recent weeks, primarily driven by softer inflation data in both the Eurozone and the United States. While the ECB is expected to cut interest rates in September, market expectations for an aggressive pivot by the Federal Reserve have been tempered by lingering …
Read More » -
30 August 2024 8:16 pm
Eurozone Inflation Still A Persistent Challenge
Inflationary pressures in the Eurozone persist even after the headline CPI has recently slowed down. The total price index has decreased, but underlying factors—especially the inflation of services—remain persistently high. The European Central Bank’s (ECB) monetary policy actions are being influenced by the ongoing inflationary environment, which may have major …
Read More » -
30 August 2024 7:32 pm
Wall Street Cheers: Latest PCE Eases Rate Cut Concerns
US stocks were poised for a strong finish to the week on Friday, buoyed by the latest reading on the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation gauge. The data indicated that prices rose in line with expectations in July, easing concerns about persistently high inflation and …
Read More » -
30 August 2024 3:01 pm
Eurozone Inflation Hits Three-Year Low, Fuelling ECB Rate Cut Expectations
Eurozone inflation fell to its lowest level in three years in August, according to data released on Friday, raising expectations of another interest rate cut by the European Central Bank (ECB) next month. Headline Inflation: Consumer price growth slowed to 2.2% year-on-year in August, down from 2.6% in July, moving …
Read More »