Market Insights
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Hot news
All Eyes on Powell’s Jackson Hole Speech as Markets Seek Clues on September Rate Cut
Federal Reserve Chair Jerome Powell’s upcoming address at the Jackson Hole Economic Symposium is set to be the highlight of the event, with market participants eagerly awaiting any hints about a potential interest rate cut in September. Traders are keenly anticipating Powell’s speech, wondering whether he will use this platform to signal a forthcoming…
16 August 2024
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Market Insights
Gold Dips Below $2,400 Amid Geopolitical Tensions and Market Uncertainty
Key Points: Gold prices fall below $2,400 despite rising geopolitical tensions between Israel and Iran. Investors focus on upcoming U.S. Initial Jobless Claims data for labor market insights. Central banks in Asia, including China, have halted gold purchases, adding to market pressure. Key technical support levels may determine gold’s near-term movement. Gold prices have slipped…
08 August 2024
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Hot news
Red Monday: Calls for Emergency Fed Rate Cut Grow
U.S. stocks suffered their worst day since 2022 on Monday, with the S&P 500 dropping 3.0%, the Nasdaq falling 3.4%, and the Dow Jones Industrial Average plunging by 1,033 points. All sectors ended in the red, with mega-cap tech stocks hit hardest—NVIDIA dropped as much as 15% during the day before recovering slightly to close…
06 August 2024
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Market Insights
Central Banks Face Critical Week of Decisions
Key Points: Central banks are under pressure ahead of significant decisions. The Bank of Japan’s (BOJ) decision is highly unpredictable. The Federal Reserve (Fed) is expected to maintain current rates. The Bank of England’s (BOE) decision is closely contested. The upcoming week is crucial for central banks as the Bank of Japan (BOJ), Federal Reserve…
30 July 2024
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Hot news
Markets Brace for Central Bank Decision Marathon
This week brings a major central bank lineup, with decisions from the Bank of Japan, Federal Reserve, and Bank of England all set to arrive within a 32-hour window, keeping market activity subdued in anticipation. The Bank of Japan’s decision is the most unpredictable, with market sentiment split between a 60% chance of a…
30 July 2024
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Market Insights
Will GBP/USD Follow the 100-MA Trend Amid Key Economic Reports?
GBP/USD traders are closely monitoring the UK’s July Manufacturing and Services PMI, as well as key U.S. economic reports, including the Q2 2024 GDP and the PCE Price Index. The decline in inflation in June suggests that the Fed’s efforts to control prices are effective, possibly leading to rate cuts in September. However, markets are…
25 July 2024
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Market Insights
Anticipation Builds for Bitcoin 2024 Conference Amid Ethereum ETF Launch
Spot Ethereum ETFs are set to go live this week, increasing market volatility as the SEC finalizes updates on these products. ETH/USD is expected to experience heightened volatility, with the launch scheduled for Tuesday, according to Bloomberg. The Securities and Exchange Commission (SEC) is poised to finalize updates on these products today. Ethereum ETFs…
23 July 2024
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Market Insights
Market Turbulence: CrowdStrike Outage and Biden’s Withdrawal Shake the Scene
A significant outage attributed to a CrowdStrike update led to widespread disruptions and an 11.1% drop in its stock price. In a surprising political move, President Joe Biden announced his withdrawal from the 2024 presidential race, endorsing Vice President Kamala Harris as the Democratic Party’s nominee. Key Points: Stock Decline: CrowdStrike’s stock dropped by around…
22 July 2024
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Market Insights
Political Uncertainty and ECB Decision Set to Influence EUR/USD
Key Points to Watch: Political Uncertainty: Potential impacts on EUR/USD from Biden’s possible withdrawal and his successor. ECB Decision: ECB’s stance on interest rates and its potential influence on EUR/USD. EUR/USD Forecast: ING’s prediction of the EUR/USD hitting 1.08 post-ECB meeting. Economic Indicators: Market reactions to inflation reports and future rate cut expectations by the…
18 July 2024
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Market Insights
Gold Prices Soar Above $2,450 Amid Fed Easing Expectations and Political Uncertainty
Key Points: Gold prices exceed $2,450 amid Fed easing expectations. Fed Chair Powell signals potential rate cuts tied to inflation targets. Gold is seen as a hedge against economic uncertainty. Gold prices surged past $2,450 on Tuesday, driven by increasing expectations that the U.S. Federal Reserve will begin an easing cycle in September. This rally…
17 July 2024
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Market Insights
Key Earnings Reports and Fed Chair Powell’s Remarks to Shape Market Outlook
Key Points: Major Earnings Reports S&P 500 Earnings Record Powell’s Impactful Speech This week marks a pivotal point in the earnings season as major companies, including Novartis, Goldman Sachs, BlackRock, and UnitedHealth, are set to release their financial results. Other significant firms such as Bank of America, Morgan Stanley, Charles Schwab, Progressive, Johnson & Johnson,…
15 July 2024
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Market Insights
Global Inflation Reports to Watch Next Week: Key Data from Canada, UK, New Zealand, and Japan
Key Points: Canada’s Inflation Report – Tuesday UK’s Inflation Report – Wednesday New Zealand’s Inflation Report – Thursday Japan’s Inflation Report – Thursday Next week, all eyes will be on crucial inflation reports from Canada, the UK, New Zealand, and Japan, which will provide insights into the economic health and monetary policy directions of these…
12 July 2024
60 views
