Market Summary The market is focused on the upcoming Bank of Japan (BoJ) interest rate decision, with expectations of a 25 bps rate hike, potentially raising rates to an 18-year high. However, Japanese equities have rallied ahead of the announcement, suggesting the decision is already priced in, which may limit its impact …
Market Summary The excitement surrounding Donald Trump’s return to the White House subsided in the last session, with both the dollar and Wall Street trading in a more subdued manner. Attention now shifts to tomorrow’s Bank of Japan (BoJ) interest rate decision. If the BoJ raises rates to an 18-year high, it …
Market Summary Wall Street surged after reopening from Monday’s public holiday, fueled by optimism surrounding Trump’s administration, which is anticipated to support equities as in his previous term. The Dow Jones led the rally, gaining over 500 points and marking a 5% recovery from its three-month lows, signaling a potential bullish trend …
Market Summary The U.S. dollar experienced heightened volatility as markets reopened following Monday’s U.S. public holiday. Initially, the Dollar Index declined by over 1% during the Sydney session, reflecting market sentiment that President Donald Trump might delay imposing tariffs. However, the narrative shifted dramatically when Trump took executive action to announce a …
Market Summary The U.S. equity market stalled after its recent rally spurred by last Wednesday’s softer-than-expected U.S. CPI reading. The Dow Jones Industrial Average appears to lack bullish momentum, suggesting the potential for a pullback to fill the gap created during the post-CPI surge. As Wall Street transitions into the first quarter …
Market Summary Wall Street’s rally paused after gaining momentum from Wednesday’s softer U.S. CPI data, as investors brace for increased volatility heading into the Q1 earnings season next week. In the forex market, dovish remarks from Fed Governor Christopher Waller, suggesting support for continued rate cuts, dampened the dollar’s strength. This sentiment …
Market Summary Wall Street’s rally paused after gaining momentum from Wednesday’s softer U.S. CPI data, as investors brace for increased volatility heading into the Q1 earnings season next week. In the forex market, dovish remarks from Fed Governor Christopher Waller, suggesting support for continued rate cuts, dampened the dollar’s strength. This sentiment …
Market Summary The U.S. CPI reading released yesterday came in below market expectations, reigniting speculation of continued Federal Reserve rate cuts in 2025. As a result, the dollar fluctuated but remained near its recent lows. However, with President-elect Donald Trump’s inauguration approaching, this event could potentially strengthen the dollar in the coming …
Market Summary The market remains steady as traders await the release of the highly anticipated U.S. CPI data today, a crucial gauge for inflation trends and potential monetary policy moves. Recent U.S. economic indicators suggest that the Federal Reserve may keep interest rates unchanged through the first quarter of 2025, making today’s …
Market Summary As President-elect Donald Trump’s inauguration approaches, the market is keenly monitoring developments tied to his proposed policies, leading to notable market reactions. The U.S. dollar underwent a technical correction yesterday, driven by sentiment that the robust U.S. economy does not necessitate Trump’s aggressive protectionist measures. This perceived policy moderation allowed …
Market Summary The U.S. Nonfarm Payrolls report last Friday exceeded expectations at 256k, with unemployment improving to 4.1%. These data points reinforced expectations that the Fed may adopt a more cautious stance while extending its rate cut path, providing strength to the U.S. dollar. However, Wall Street faced significant losses, with all …
Market Summary Yesterday’s market focus was dominated by U.S. economic indicators and the release of the Fed meeting minutes. The dollar experienced mixed movements, pressured by a weaker-than-expected U.S. ADP Nonfarm Employment Change but supported by better-than-expected Initial Jobless Claims data. The Fed minutes revealed a cautious stance, as members acknowledged the …
Market Summary The U.S. 10-year Treasury yield continued its ascent, reaching a high of 4.65%—its strongest level since last April—and is expected to approach 5% as markets brace for Donald Trump’s inauguration this month. This has provided support for the dollar, which rebounded from its recent bearish trend. Positive U.S. economic data, …
Market Summary Canadian Prime Minister Justin Trudeau announced his resignation after nine years in office, leaving the Canadian dollar relatively steady as markets look forward to new leadership. Meanwhile, the U.S. dollar faced downward pressure amid reports that President-elect Donald Trump may ease tariff policies on imported goods, reducing concerns over trade …
Market Summary Wall Street surged in the last session, buoyed by a strong performance in tech stocks, with the Nasdaq Composite climbing 1.70%. However, investor focus this week shifts to key U.S. economic data, including the Nonfarm Payrolls (NFP) report scheduled for Friday, which could provide insights into the Fed’s monetary policy …
Market Summary The Dollar Index gained momentum as resilient U.S. labor data, with jobless claims at 219K versus 223K forecasted, reinforced expectations of a hawkish Fed stance in 2025. Strong labor market performance continues to support the Greenback’s upward trajectory. Oil prices retreated during holiday trading due to dollar strength and profit-taking …
Market Summary The Dollar Index held steady amid subdued holiday trading but maintained a positive trajectory, reflecting hawkish sentiment from the Federal Reserve. Fed officials signaled potential policy tightening in 2025, supported by a resilient economic recovery, keeping investors focused on upcoming US economic indicators for further direction. Gold prices consolidated near …
* Wall Street edged higher in the last session before the market closed for the Christmas holiday. * The U.S. Dollar rebounded as the market perceived a more hawkish approach from the Fed in the near term. * The Pound Sterling was hammered by the low GDP reading coupled with the recent …
* The dollar slid after the lower-than-expected PCE reading was released last Friday. * Keep an eye on today’s UK GDP and its implications for the pound sterling. * The crypto market is weighing on excessive downside pressure, and both BTC and ETH remain in a bearish trajectory. Market Summary The U.S. …
Market Summary The FOMC interest rate decision yesterday triggered significant market volatility, with all eyes on the Federal Reserve’s hawkish stance. Jerome Powell’s remarks signaling fewer rate cuts in 2025 and the expectation that the Fed funds rate will remain near the 4% level to curb inflation drove the U.S. dollar higher. …
Market Summary The U.S. dollar remained stable in yesterday’s session ahead of the Fed’s interest rate decision, which is scheduled for tomorrow. The market widely expects a 25 basis points rate cut, which has already been priced in. However, traders are closely watching today’s U.S. Retail Sales data to gauge the strength …
Market Summary Gold has declined over the past two sessions as the market braces for a pivotal Fed interest rate decision this week. Robust U.S. economic data has reinforced expectations of a hawkish stance from the Federal Reserve, bolstering the dollar and putting downward pressure on the precious metal. Should Fed officials …
Market Summary Yesterday’s US CPI report, which aligned with market expectations, strengthened market bets on a December Fed rate cut. The dovish Fed outlook pressured the dollar, which struggled to hold recent highs. Wall Street rallied on the news, anticipating lower borrowing costs. In the commodity market, Safe-haven gold benefited from the …
Market Summary Wall Street struggled for direction on Tuesday as investors awaited the U.S. Consumer Price Index (CPI) report, expected to offer critical insights into the Federal Reserve’s monetary policy outlook. A higher-than-anticipated CPI reading could strengthen the U.S. dollar and weigh on equity markets as concerns over extended tightening persist. Chinese …
Market Summary The US Dollar Index strengthened on Friday, driven by robust economic data that highlighted resilience in the US economy. Nonfarm Payrolls rose to 227K, exceeding expectations, while Average Hourly Earnings increased by 0.40%. With the Unemployment Rate steady at 4.2%, market participants are now eyeing Wednesday’s Consumer Price Index (CPI) …
Market Summary The Dollar Index fell against six major currencies after US jobless claims rose to 224,000, exceeding the forecast of 215,000, dampening optimism ahead of the Nonfarm Payrolls report. Profit-taking weighed on the dollar, but rising US Treasury yields, supported by hawkish Fed remarks, limited losses as investors await further clarity …
Market Summary The U.S. dollar held steady in the last session, with the dollar index (DXY) hovering near the 106.45 resistance level. The JOLTs job openings data exceeded market expectations at 7.744 million, yet investors adopted a cautious stance ahead of Friday’s critical Nonfarm Payrolls (NFP) report. Meanwhile, the euro recorded modest …
Market Summary The dollar posted modest gains yesterday, bolstered by President-elect Trump’s remarks threatening BRICS and stronger-than-expected U.S. PMI data, which supported the greenback. However, the dollar faces key challenges ahead, including Wednesday’s job data, the Fed’s Beige Book, and Friday’s Nonfarm Payroll report. In contrast, weaker-than-expected PMI readings in the UK …
Market Summary The dollar regained strength after a brief technical correction, with the Dollar Index (DXY) rising above the 107 mark, bolstered by strong U.S. job data. Initial Jobless Claims came in below market expectations, signalling a resilient labour market and potentially paving the way for a more hawkish Fed stance. The …
Market Summary The financial market’s focus remains locked on escalating tensions in Eastern Europe after Ukraine launched long-range British missiles into Russian territory, significantly heightening geopolitical risks. This development has intensified demand for safe-haven assets, with gold rallying over 3% since the start of the week. Analysts expect the bullish momentum in …
Market Summary Gold extended its rally for a third consecutive session this week, gaining nearly 3% since Monday as the intensifying conflict between Russia and Ukraine drove safe-haven demand. Tensions escalated after Ukraine deployed U.S.-supplied missiles, prompting Russian President Putin to approve the use of nuclear deterrents in response. Oil prices, meanwhile, …
Market Summary Bitcoin surged past $90,000, with a 30% rally since the U.S. election and the crypto market cap exceeding $3 trillion. However, momentum has slowed as investors digest earlier gains. Meanwhile, gold prices rebounded on renewed safe-haven demand driven by trade and political uncertainties, providing support despite pressure from higher Treasury …
Market Summary The spotlight was on the U.S. job data yesterday, with the dollar strengthening following the upbeat Initial Jobless Claims, which came in at their lowest level since May. This suggests a resilient job market, potentially leading to stickier inflation and increasing the likelihood of a more hawkish Fed stance in …
Market Summary The U.S. CPI release aligned with market expectations at 2.6%, reflecting a rebound in inflation within the country. Coupled with Donald Trump’s election victory, this trend strengthens the likelihood of the Fed maintaining a restrictive stance to counter inflationary risks. This cautious Fed outlook contributed to a pause in Wall …
Market Summary The U.S. dollar held steady following a recent sell-off driven by the Fed’s dovish monetary policy moves. The Fed is expected to align its actions with Trump’s policies, which could potentially elevate inflation, prompting the U.S. central bank to focus on mitigating inflationary risks. Meanwhile, the Japanese yen softened at …
Market Summary The market has responded decisively to the U.S. presidential election results from November 5, which confirmed Donald Trump’s re-election, fueling what’s now dubbed the “Trump trade.” The dollar index remains strong, hovering above the 105.00 level, marking its highest point since July. Wall Street also rallied sharply in the previous …
Market Summary As vote counting for the U.S. election continues, Donald Trump is currently leading, which has spurred a “Trump trade” sentiment in financial markets. This momentum has caused the U.S. dollar to surge, with the Dollar Index jumping nearly 1%. Wall Street responded positively as well, with both major indices closing …
Market Summary The dollar continued to face selling pressure after U.S. jobs data released last Friday showed significantly lower-than-expected numbers. While the unemployment rate aligned with market expectations at 4.1%, the Nonfarm Payroll came in at just 12,000—one of the lowest figures since the Fed began its tightening cycle. This has fueled …
Market Summary Despite strong U.S. economic data, the U.S. dollar saw a slight retreat as investors await the upcoming U.S. election and Nonfarm Payrolls report. Resilient figures, including a stable Core PCE Price Index at 2.70% and reduced Initial Jobless Claims (216K), highlight steady U.S. economic strength, which may influence future dollar …
Market Summary Gold surged to an all-time high in the last trading session, climbing above the $2,780 mark. Multiple bullish factors have fueled this rally, including intensifying geopolitical tensions in the Middle East and Eastern Europe, which have heightened demand for safe-haven assets. Additionally, as markets brace for the U.S. election, investors …
Market Summary As the U.S. election draws near, safe-haven assets are gaining traction, with gold rallying back to its all-time highs and the U.S. dollar hovering close to recent peaks. Historical trends indicate that the Japanese yen tends to attract strong safe-haven demand during election years, having outperformed the dollar, Swiss franc, …
Market Summary The Japanese Yen is likely to weaken further as BoJ Governor Kazuo Ueda signalled no intention to raise rates in the upcoming central bank meeting, even with the yen trading near a 3-month low. Ueda expressed concern about potential economic impacts tied to the upcoming U.S. presidential election, which could …
Market Summary The U.S. dollar has continued to strengthen against major currencies, supported by a sharp rise in long-term Treasury yields, which have reached their highest level since July. The market appears to be pricing in a soft landing by the Federal Reserve, particularly as the U.S. presidential election nears. Investors are …
Market Summary Gold surged to a record high, nearing the $2730 mark per ounce, as worsening tensions in the Middle East escalated. The situation intensified after a Hezbollah drone explosion near the Israeli Prime Minister’s private residence, prompting discussions of retaliation from Israel, which fueled the safe-haven demand for gold. Similarly, silver …
Market Summary Gold surged to the $2700 mark in the last session as heightened geopolitical risks in the Middle East spurred demand for safe-haven assets. Reports of the Israeli military killing Hamas leader Yahya Sinwar, a key figure behind the attacks that escalated into the Gaza war, have intensified market concerns, driving …
Market Summary Wall Street saw a retracement in the last session, with a similar sentiment spreading to the Asian markets during the Tokyo session, where the Chinese equity market led the decline. This sell-off is believed to have been triggered by ASML, the world’s most advanced chip making machines manufacturer, missing its …
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential …
Market Summary Oil experienced heightened volatility in yesterday’s session, with prices surging more than 3% as geopolitical risks escalated. The market reacted to reports that Israel plans to attack Iranian oil facilities, while the Houthis, a military rebel group, allegedly attacked an oil tanker in the Red Sea, raising concerns over potential …
Market Summary Hong Kong’s stock rally paused in today’s session after the Chinese index surged by over 30% from its September lows. The equity market is now facing profit-taking pressure, with the Hang Seng Index down nearly 3% as of writing. In contrast, Japan’s Nikkei 225 jumped at the market’s open, driven …
Market Summary Middle East tensions took centre stage in the global financial markets during the last session as Iran fired missiles at Israel, with further retaliation expected, heightening geopolitical risks. This event fueled demand for safe-haven assets, leading gold to surge by over 1%, approaching its peak. Similarly, oil prices spiked by …
Market Summary The Chinese equity market has emerged as the standout asset class in the financial world, with the China A50 index posting its largest weekly gain in a decade and the Hang Seng Index (HK50) rising by over 12% this week. The market rally has been driven by ongoing economic stimulus …
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be …
Market Summary The U.S. dollar continues to trade at its lowest levels, but the Dollar Index (DXY) has found support above 100.60, with bearish momentum easing. Market sentiment is largely driven by anticipation of another 50 bps rate cut by the Fed before year-end. This week’s GDP and PCE readings will be …
Market Summary The Federal Reserve’s monetary policy decision was announced yesterday, aligning with market expectations for a more aggressive rate cut. This bold move sparked significant volatility in the market, with the Dollar Index (DXY) fluctuating by over 1% during the event. However, as the rate cut had been largely priced in …
Market Summary The financial spotlight today is on the FOMC interest rate decision and Jerome Powell’s speech, both highly anticipated by global markets. The futures and bond markets are positioning for a larger-than-usual rate cut, exceeding the standard 25 bps. As speculation of this larger cut grows, the U.S. dollar has continued …
* The dollar eases to a weekly low while Wall Street gains ahead of Wednesday’s Fed interest rate decision. * Gold surged to an all-time high on the weakening dollar’s strength. * Oil prices ease in strength, hindered by lacklustre Chinese economic indicators. Market Summary U.S. Dollar (USD) has been under pressure …
Market Summary The financial markets were shaken by the release of key U.S. economic indicators last Friday, triggering heightened volatility across sectors. The Nonfarm Payrolls (NFP) came in significantly lower than expected at 142k, indicating a slowdown in U.S. economic growth. This weighed heavily on Wall Street, with the Nasdaq dropping more …
Market Summary The highly anticipated PCE reading released last Friday catalysed the U.S. dollar, pushing it above its previous resistance level of $101.00 to reach a weekly high. While the Fed’s preferred inflation gauge came in lower than market expectations, it remained well above the 2% target, suggesting that the Fed may …
Market Summary As the market searches for direction, most asset classes remained relatively flat in the last session, with investors waiting for a catalyst to drive momentum. On Wall Street, attention turns to Nvidia’s earnings report, due later today. Expectations are high for strong earnings performance, which could potentially lift major indexes …
Market Summary Geopolitical tensions in both the Middle East and Eastern Europe have escalated, creating significant unease in the broader financial markets. Adding to the uncertainty, market participants are positioning for a potential September Fed rate cut, which seems increasingly likely. In response to the geopolitical uncertainty, oil prices surged nearly 3% …
Market Summary Jerome Powell’s highly anticipated speech last Friday at the Jackson Hole Economic Symposium drove the dollar to its lowest level since last July. The Fed Chair expressed concerns about the U.S. job market and indicated confidence that the inflation rate will reach the 2% target, suggesting a dovish stance from …
Market Summary The most anticipated economic indicator of the week, the U.S. Consumer Price Index (CPI), was released yesterday, coming in at 2.9%, below the 3% threshold and in line with the Producer Price Index (PPI) data from the previous day. This further sign of easing inflationary pressure in the U.S. has …
Market Summary The financial markets reacted positively to the upbeat Initial Jobless Claims data released yesterday, which came in at 233k, lower than market expectations. This eased concerns about a weakening labour market and the heightened recession risks that emerged after last Friday’s disappointing NFP report. Wall Street benefited from the improved …
Market Summary The Japanese Yen eased on Wednesday morning after the BoJ Deputy Governor indicated that the Japanese central bank would not raise interest rates if global markets remained unstable. This statement has calmed the market and unwound concerns about Yen carry trades. Meanwhile, the dollar has regained strength, with the dollar …
Market Summary The financial markets, especially the equity sector, continue to be shattered by recession fears. The U.S. equity fear index, VIX, spiked to 65.70—the highest level since the pandemic in 2020—before quickly retracing to 38. This fear weighed heavily on the equity market, with the Dow Jones closing more than 1000 …
Market Summary The aftermath of the Japanese yen’s strengthening has manifested in significant dips across multiple markets, including equities, commodities, and various currencies. The yen has erased all its 2024 losses against the dollar, moving towards the 145.00 mark. The dollar index (DXY) has fallen to its lowest level since March, hovering …
Market Summary The financial market remained relatively quiet in the last session ahead of crucial central bank interest rate decisions, including those from the Fed and BoJ, which are due tomorrow. The dollar index (DXY) managed to break above its near-term resistance level at 104.50, which has been a barrier for the …
Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, the PCE reading. The PCE came in line with market expectations at 2.5%, suggesting that inflationary pressure in the country is moving toward the targeted 2% rate and heightening the likelihood of a …
Market Summary The U.S. equity market experienced one of its worst trading days this year, with the Nasdaq leading the decline, plunging more than 700 points in the last session. Investor concerns over the AI sector surged following Tesla’s earnings miss and Google’s higher-than-expected spending, both of which saw sharp declines. Meanwhile, …
Market Summary Biden’s withdrawal from the upcoming U.S. presidential election has thrown a stun grenade into the market, with most asset classes standing pat as investors digest the event. The dollar remains poised at its high from last Friday, with expectations of strengthening as Trump’s advocacy may favor the greenback. Meanwhile, the …
Market Summary Over the weekend, a significant event unfolded in the U.S. presidential race as candidate Donald Trump was shot at a campaign rally in Pennsylvania, intensifying geopolitical uncertainty across markets. The dollar swiftly reacted, rebounding from recent lows amid expectations that Trump’s fiscal policies, known for potentially boosting treasury yields, could …
Market Summary In the last session, Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged. This surge was driven by soft job data, suggesting that the Federal Reserve may proceed with its plan to begin cutting rates in the third quarter …
Market Summary Federal Reserve Chair Jerome Powell indicated that recent U.S. economic data suggest inflation is returning to a downward trajectory. However, he emphasised the need for more evidence before the Fed considers shifting its current monetary policy. Consequently, the dollar eased from its recent highs, while U.S. equity markets, buoyed by …
Market Summary The Dollar Index (DXY) showed resilience following early-session easing on Wednesday, bolstered by strong U.S. economic indicators including upbeat Initial Jobless Claims and GDP figures. However, bullish momentum remained tempered amidst market perceptions of a potential Fed policy shift in September, reflected in a decline in U.S. Treasury yields. Investors …
Market Summary The Japanese Yen plummeted to its weakest level since 1986 at 160.87 against the greenback. The currency pair has lost more than 12% this year and is well above the tolerance level for the BoJ to intervene. The BoJ hinted at a potential rate hike in July, and the Japanese …
Market Summary The dollar has eased from its bullish trend, which was fueled by upbeat PMI readings last Friday. Apart from Friday’s PCE reading, traders are also keeping an eye on Wednesday’s U.S. 5-year note auction to gauge market sentiment toward the Fed’s upcoming monetary policy and its implications for the dollar’s …
Market Summary The U.S. dollar is hovering near its recent high levels amid global navigation through Eurozone political uncertainty and the divergence in central bank monetary policies. Besides the U.S. dollar, market attention is focused on the Australian dollar today as the Reserve Bank of Australia (RBA) is set to announce its …
* U.S. Dollar continued to slide as the PMI readings came short. * Seeking today’s JOLTs job opening data to gauge the dollar’s strength. * Gold traded within its sideways range despite the dollar having been weakening. Market Summary The U.S. dollar remained on a downward trajectory following the release of yesterday’s …
Market Summary The U.S. equity market continued its upward trajectory, buoyed by growing optimism surrounding potential interest rate cuts by the Federal Reserve later this year, following the release of softer-than-expected nonfarm payroll data last Friday, indicating a slowdown in economic performance. Japan’s Nikkei 225 index surged over 1% this morning upon …
Market Summary The financial markets were roiled by Jerome Powell’s remarks following the Fed’s interest rate decision announcement. Powell’s dovish stance prompted a sharp decline in the strength of the U.S. dollar, while gold prices rebounded on the prospect of a softer dollar. Despite ongoing signs of inflationary pressures in the U.S, …
Market Summary The U.S. dollar surged and equities stumbled following the release of the U.S. employment cost index, which revealed a robust 1.2% increase, the sharpest uptick in a year. This data underscores the tightness of the U.S. job market and raises concerns about potential inflationary pressures. Investors are eagerly anticipating the …
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Market Summary The U.S. financial markets remained relatively calm in anticipation of the forthcoming Consumer Price Index (CPI) reading, slated for release later today. This inflation data is seen as a critical determinant for market speculation on the timing of potential monetary policy moves by the U.S. Federal Reserve. Concurrently, expectations of …
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Market Summary The dollar is currently experiencing …
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs …
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 …
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Key Takeaways * MT4 is a widely utilized electronic trading platform in the realm of online retail foreign exchange (forex) speculation. * MT4 offers a user-friendly interface and powerful features for traders of all levels. * The platform is compatible with various devices, including Windows, Mac, iOS, and Android. * Traders can …
Market Summary The U.S. financial markets remained relatively calm in anticipation of the forthcoming Consumer Price Index (CPI) reading, slated for release later today. This inflation data is seen as a critical determinant for market speculation on the timing of potential monetary policy moves by the U.S. Federal Reserve. Concurrently, expectations of …
* The dollar Index (DXY) continues to plunge due to persistent dovish messages from Jerome Powell. * Gold prices continue to break their all-time high level and currently face strong resistance at the $2160 mark. * BTC has rebounded and is back to $67000 territory. Market Summary The dollar is currently experiencing …
* U.S. equity markets pulled back from a previous AI rally ahead of the Fed’s testimony. * Gold prices are approaching their all-time high levels, fueled by risk-off sentiment. * BTC plunged more than 10% after it traded beyond its all-time high at $68980. Market Summary U.S. equity markets are showing signs …
* Gold prices are on the brink to hit its all time high ahead of Powell’s testimony on Wednesday. * Tokyo Core CPI came in line with the market expectation with an increase from the previous reading fuels hope for a rate hike from BoJ. * BTC surged to above the $68000 …
* Poor ISM PMI readings put pressure on dollar strength. * Traders’ eyes on Tokyo Core CPI due tomorrow to gauge the Yen’s strength. * OPEC+ will extend oil supply cuts to the second quarter of 2024 to avert a global surplus. Market Summary Last week’s release of ISM PMI readings, which …
The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. The Dollar Index underwent considerable volatility, fluctuating within a range of approximately 0.3% in the recent session. This movement followed a mixed bag of U.S. economic data. On one hand, the last quarter’s U.S. GDP …
Japan’s Core Consumer Price Index (CPI) data exceeded market expectations at 2%, strengthening the Japanese Yen against other major currencies. The bullish momentum in U.S. equity markets appears to be tapering off, trading flat in anticipation of the crucial U.S. Personal Consumption Expenditures (PCE) reading. This data is poised to influence market …
Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East Oil prices surged by over 3% yesterday, driven by escalating tensions in the Middle East. Ceasefire talks took a gloomy turn as Israeli Prime Minister Benjamin Netanyahu rejected the Gaza deal, deeming it “delusional.” This geopolitical uncertainty …
U.S. equity markets saw upward momentum, driven by a rally in tech stocks. The U.S. dollar maintained a sideways trajectory as market participants awaited more cues from the U.S. Personal Consumption Expenditures (PCE) data that is due on Friday. Investors are keenly observing developments that could provide insights into the upcoming monetary …
U.S. equity markets saw upward momentum, driven by a rally in tech stocks. The U.S. dollar maintained a sideways trajectory as market participants awaited more cues from the U.S. Personal Consumption Expenditures (PCE) data that is due on Friday. Investors are keenly observing developments that could provide insights into the upcoming monetary …
The market is dominated by speculation regarding an early rate cut by the Federal Reserve, leading to record highs in U.S. equity markets The market is dominated by speculation regarding an early rate cut by the Federal Reserve, leading to record highs in U.S. equity markets. Despite a recent slide in the …
Oil prices experienced a significant rally as geopolitical tensions heightened in the Red Sea. Oil prices experienced a significant rally, reaching their highest level in 2024, as geopolitical tensions heightened in the Red Sea. Following a retaliatory move by the U.S. against Houthi attacks on ships, airstrikes were launched, escalating tensions and …
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The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a …
Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial …
Gold has been used as a store of value for thousands of years. Even today, it remains a highly liquid asset, with hundreds of billions worth traded every day. Content: What Is Gold?What Affects The Price Of Gold? Why Invest In And Trade Gold?How To Start Trading Gold?How To Read And Analyse …
The decline in U.S. JOLTs Job Openings signals a cooling labor market, leading to a significant setback of nearly 5% for the dollar. In an unexpected turn, the U.S. JOLTs Job Openings report displayed a decline from its previous reading of 9.17 million to the current figure of 8.83 million, signalling a …
Dollar strengthened as U.S. economic data including PCE and initial Jobless Claims better than than market expectation. The U.S. equity market’s winning streak ended as the Dow Jones closed about 0.5% lower due to mixed economic data. The Fed’s preferred inflation measure, the PCE index, matched market forecasts at 4.2%, while Initial …
Dear Valued Client, Please be informed that PU Prime will be having an upgrade on its MT4/MT5 servers between 02:00 hrs. (GMT+3) until 08:00 hrs. (GMT+3) on September 2. Access to MT4/MT5 accounts will not be available during the server upgrading period. We would also like to highlight that all orders would …
Additionally, a planned visit by the US Secretary of State has boosted indices like the HSI The Chinese government introduced an economic stimulus package, including lowering their deposit rate as soon as mid-June. Meanwhile, the U.S. Secretary of State has planned to visit China, which may improve the bilateral relationship between the …
The dollar’s value experienced a decline, falling below $104 following the release of disappointing U.S. service PMI data. The reading dropped from 51.9 to 50.3, prompting the market to reconsider the possibility of the Federal Reserve pausing its interest rate hike in June. Investors are currently awaiting the announcement from the Reserve …
The dollar has hit a 7-week high after significant progress on the debt ceiling bill has been reached. Macroeconomic data has taken a backseat as the U.S. nears its 1 June debt ceiling deadline as outlined by Treasury Secretary Janet Yellen. Unlike the hard data of economic releases, this is a political …
Markets now hang in balance with the future of First Republic Bank on contagion concerns Wall Street’s gained at the end of last week as investors waited for news on a bid for First Republic Bank. Japanese and Australian stocks edged higher, while U.S. futures were broadly flat in early Asian trading …
The U.S. is trading flat as the markets prepare for potential uncertainty ahead of GDP and inflation figures The King Dollar is trading flat as market participants prepare for potential uncertainties. The upcoming release of GDP figures, core PCE price index, and employment cost index are critical for global investors. Meanwhile, the …
US Treasury yields and the Greenback dipped as investors recalibrated their expectations for rate hikes following the release of March’s Consumer Price Index (CPI), which came in below the market consensus. This unexpected dip in inflation triggered a surge in the prices of non-yielding assets such as gold and crude oil, as …
Embattled FTX founder Sam Bankman-Fried has been slapped with 8 charges by federal prosecutors, including conspiracy and wire fraud. The ex-CEO was arrested in the Bahamas on Monday – the first move by the authorities to hold those involved in the FTX meltdown and the subsequent loss of billions in client funds …
As frustrations mount over China’s zero covid policy and continued lockdowns, protests, a rare sight in China, have sprung up all over the country. The lastest happened on Sunday, where protesters and and police clashed in Shanghai. In Wuhan, Chengdu and the capital of Beijing, demonstraters have also taken to the streets, …
Embattled cryptocurrency exchange FTX has declared bankruptcy in the latest saga in the crypto world. The company saw a mass exodus of holders of its native coin, FTT, after news emerged that its finances, including that of its sister trading company Alameda Research, was on shaky ground. Alameda itself is being accused …
Gold has been used as a store of value for thousands of years. Even today, it remains a highly liquid asset, with hundreds of billions worth traded every day. Content: What Is Gold?What Affects The Price Of Gold? Why Invest In And Trade Gold?How To Start Trading Gold?How To Read And Analyse …
Google will be fined $4.12 billion in its antitrust suit with the EU, which describes an accusation that Google uses its Android OS to quash competition. However, the fine has been reduced from the original 4.34 billion euros, proposed in 2018, to 4.125 billion euros. This is the third EU fine for …
Despite its name, the Inflation Reduction Act does not, nor is it meant to ease inflation. Instead, the broadly-named $750 billion bill covers health care, taxes, and climate change in what president Joe Biden called a win for the American people and a loss for special interests. Some of the primary constituents …
At its most recent earnings call, cryptocurrency platform Coinbase reported a tremendous loss of $1.1 billion in revenue for Q2, pulling the company’s stock down over 10% on Tuesday to $87.68. Earnings per share for the company also largely underperformed, with a loss of $4.98 per share versus an expected $2.65. Quarter-on-quarter …
On Tuesday evening (GMT+3), the US JOLTs Job Openings data was released, showing 10.689 million job openings, lower than the expected 11 million and the previous month’s value of 11.303 million. This is also the lowest in 9 months. Robert Frick, corporate economist at Navy Federal Credit Union, notes: “Fewer openings likely …
With the most recent US GDP figures (-0.9%) showing a second back-to-back negative reading, many are saying that the US has entered a recession. This comes after another recession indicator, an inversion of the US Treasury yield curve, began flashing several times starting in April. Most recently, interest on the 2-year note …
Elon Musk has pulled out of a protracted and tumultuous bid to purchase social media platform Twitter, making the announcement through an SEC filing. The deal was first proposed by Musk after he revealed that he had accumulated over 9% of Twitter earlier this year. Should the deal have gone through, Musk …
Fighting rampant inflation has become the Fed’s main objective, and Fed Chair Jerome Powell’s words to the US House Financial Services Committee during his semi-annual testimony might have sparked more than a few fears about a recession. Specifically, it means that the Fed might be ready to cause increased unemployment or even …
Dear Valued Client, To provide an enhanced trading environment, Pacific Union will upgrade its MT5 servers starting from 00:00 hrs. (GMT+2) on December 4 until 23:59 hrs. (GMT+2) on December 5. Access to MT5 accounts will not be available during the hours mentioned above. Please note that deposit, withdrawal, data searching functions …
Dear Valued Client, To provide an enhanced trading environment, Pacific Union will upgrade its servers starting from 00:00 hrs. (GMT+2) on November 27 until 23:59 hrs. (GMT+2) on November 28. Access to the Client Portal and MT4/MT5 accounts will not be available during the hours mentioned above. Please note that deposit, withdrawal, …
Dear Valued Client, To provide a better reliable trading environment, Pacific Union would like to launch a Live and Demo Server upgrades for MT4/MT5 starting from Server Time (GMT+3) 00:00 of November 7th 2021. Clients would not be able to login for MT4/MT5 Live/Demo account and also Client Portal during the upgrade …
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