Key Points: Global oil demand is forecasted to increase by 1.1 mb/d in 2024 and 1.2 mb/d in 2025, with supply expected to grow by 580 kb/d in 2024 and 1.8 mb/d in 2025. Brent crude futures dropped from $91 …
Key points: The US equity market increased by 3.20% in Q3 and 13.77% year-to-date, largely driven by AI-related stocks. The price-to-fair value ratio of the US stock market rose to 1.03, indicating potential overvaluation. Growth stocks are trading at a …
Key Points: PCE Data Impact: Anticipation of the US Personal Consumption Expenditures (PCE) Price Index release is causing marginal declines in gold prices, with potential volatility based on the results. Long-Term Uptrend: Despite recent dips, gold’s long-term uptrend remains intact, suggesting continued …
CURRENCIES U.S. Dollar Strengthens: The U.S. dollar saw gains as Fed Chair Powell adopted a hawkish stance. This occurred alongside a rise in U.S. Treasury yields, with the 2-year note nearing the 5.00% level. Powell’s Hawkish Remarks: Speaking in Washington, …
CURRENCIES GBP/USD Performance Analysis: The GBP/USD currency pair continues to decline amid signs of a weakening UK labor market. Unemployment in the UK rose to 4.2% in February, exceeding expectations and the previous month’s rate. UK Labor Market and Wage …
CURRENCIES Overview of Market Trends: In the past week, gold prices spiked, the U.S. dollar soared, and the EUR/USD and GBP/USD pairs slumped. U.S. Inflation Developments: U.S. inflation rates have risen, leading to a reduction in expectations for interest rate …
CURRENCIES: Upcoming Market Highlights: Focus on Gold, US Dollar, Euro, Pound Sterling. Key Events This Week: US CPI data, central bank decisions in Canada, New Zealand, and the EU, and FOMC March meeting minutes. Actionable Insights: Access the guide for …
CURRENCIES: EUR/USD and Oil Breakout Potential: Awaiting a breakout above Fibonacci resistance levels for bullish trend continuation. Popular Strategy: Breakout trading aims to capitalize on significant price movements beyond established price boundaries. Breakout Significance: Indicates strong buying or selling activity, …
CURRENCIES: Euro Gains on US Data: Weaker US economic activities bolster the Euro’s position. Inflation and ECB Rate Cut: Lower inflation in the eurozone signals a potential ECB rate cut in June. EUR/USD Movement: Euro rises against the US dollar …
CURRENCIES: US Dollar Performance and Key Currency Pairs The U.S. dollar (DXY index) decreased slightly (-0.2% to 104.75), retracting from a five-month high. Global yield increases outpaced U.S. government rates, affecting the dollar’s strength. Upcoming Economic Events and Market Focus …
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