Understand Deeper About Factors Affecting How Gold Prices Work Being one of the most widely-traded commodities in the world, gold prices can fluctuate significantly based on a number of different factors. Here are some of the key factors that easily affect the gold market and important for anyone looking to embark in …
Market Summary Wall Street struggled for direction as risk appetite remained muted, with several asset classes trading subdued. However, Hong Kong’s Hang Seng Index bucked the trend, surging over 300 points at the start of the week as capital poured into the local equity market, fueled by DeepSeek euphoria. In the forex …
Fundamental Analysis *Data Dud: The Canadian dollar strengthened against the U.S. dollar following the release of U.S. retail sales data for January. According to the U.S. Census Bureau, retail sales—a key indicator of consumer spending—fell by 0.9%, a sharper decline than the anticipated 0.1%. In contrast, December’s figure was revised upward to …
Market Summary The U.S. dollar extended its decline, slipping to a three-week low despite Wednesday’s hotter-than-expected CPI reading and stronger-than-anticipated Initial Jobless Claims data. Typically, such figures would bolster the greenback, but investor confidence remains shaky as concerns over the U.S. economy mount. The nation’s rising debt levels and the Trump administration’s …
Tuesday, 18 February 2025, 05:30 – RBA Interest Rate Decision (Feb) The Reserve Bank of Australia (RBA) held its interest rate at a 12-year high of 4.35% for the ninth consecutive meeting in December. However, the central bank softened its hawkish stance, hinting at a potential dovish shift. With inflation easing, the …
Market Summary Investors remained focused on the U.S. CPI data after Federal Reserve Chair Jerome Powell reinforced a hawkish outlook in his testimony on Tuesday, emphasizing the central bank’s commitment to maintaining restrictive monetary policy amid strong economic performance. The dollar initially strengthened as inflation came in at 3%, prompting Powell to …
Fundamental Analysis * Inflation vs. Safe-Haven Demand: Gold prices held near record highs as traders weighed strong U.S. inflation data against rising safe-haven demand driven by global trade uncertainty. * Fed Rate Cut Expectations: A hotter-than-expected U.S. CPI report led traders to scale back expectations for Fed rate cuts, pricing in only …
Market Summary The market’s attention remained squarely on Federal Reserve Chair Jerome Powell’s semi-annual testimony before the Senate, where he reiterated that the Fed has already cut interest rates by 100 basis points from their peak. Powell emphasized that while the U.S. economy remains resilient, persistent inflationary pressures justify a patient approach …
Market Summary Gold prices soared to record highs as U.S. President Donald Trump’s announcement of fresh steel and aluminum tariffs fueled trade war concerns. The 25% tariffs, set to take effect on March 4, targeted major exporters, including Canada, Mexico, and Germany, driving investors toward safe-haven assets. Meanwhile, the U.S. dollar defied …
Market Summary Markets turned volatile last Friday as newly elected U.S. President Donald Trump rattled investors with an aggressive trade stance, signaling a potential 25% tariff on steel and aluminum imports. The move, expected to take immediate effect upon announcement, overshadowed the release of a weaker-than-expected U.S. Nonfarm Payrolls (NFP) report. Despite …
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