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DAILY MARKET ANALYSIS

Stay on top of your trading with analyses of the latest market news.

8 February 2024
Tech Giants Lead Surge as S&P 500 Nears Historic 5,000

On Wednesday, the stock market experienced notable gains, propelling the S&P 500 tantalizingly close to the 5,000 mark, thanks to strong quarterly results underscoring a robust economy. The index rose by 0.82%, setting a new closing high of 4,995.06, while …

7 February 2024
Forex Market Analysis: USD Strength Surges, Fed’s Influence, Snap Inc.’s Revenue Struggles

CURRENCIES: US Dollar Performance and Outlook The US dollar saw a significant boost following strong economic data and is poised for further movement based on upcoming Federal Reserve speakers’ comments. Despite a slight softening, the dollar had previously surged over …

7 February 2024
Stock Market Gains Amid Mixed Fed Rate Cut Expectations and Strong Earnings Reports

On Tuesday, the stock market witnessed modest gains, driven by positive corporate earnings and the investors’ assessment of future Federal Reserve rate cuts. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw increases, with standout performances from …

6 February 2024
Forex Market Analysis: Euro Slumps, Dollar Dominates, and Corporate Earnings Impact Sentiment

CURRENCIES: EUR/USD Performance Overview Begins the week with further declines. Has experienced four consecutive weeks of decline. Dollar strength projected to influence trading dynamics persistently. Factors Influencing the Euro New yearly low against the US Dollar due to adjustments in …

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