MARKET UPDATE
Oil prices to end year 10% lower. Oil prices are set to end 2023 about 10% lower, the first annual decline in two years, after geopolitical concerns, production cuts and…
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WEEKLY MARKET RECAP: December 25 – December 29, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Dollar dips as traders focus on US rate cuts. The dollar nursed steep losses on Thursday and was headed for a yearly decline, while the Swiss franc perched at a…
MARKET UPDATE
Asia FX rangebound, dollar at 5-mth low. Most Asian currencies stuck to a tight range on Wednesday, while the dollar languished near five-month lows amid persistent bets that the Federal…
MARKET UPDATE
Asia FX steady, dollar near 4-mth low. Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets…
MARKET UPDATE
Gold prices creep lower. Gold prices fell slightly on Tuesday after several Federal Reserve officials downplayed expectations that a dovish pivot by the central bank was imminent, which helped stem…
U.S. Steel surges 23% as Nippon Steel acquires it for $55/share
United States Steel Corporation (NYSE:X), commonly known as U.S. Steel, is being acquired by Japan’s Nippon Steel, the two companies confirmed today. Nippon Steel will pay $55 per share in…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between December 18, 2023, and December 22, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Oil climbs over 1% on drop in Russia exports. Oil prices rose over 1% in Asian trade on Monday, supported by lower exports from Russia and as attacks by the…
WEEKLY MARKET RECAP: December 11 – December 15, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Gold prices push further above $2,000. Gold prices rose slightly in Asian trade on Friday, extending a push above key levels after dovish signals from the Federal Reserve sparked steep…
MARKET UPDATE
Gold prices soar past $2,000. Gold prices rose above key levels in Asian trade on Thursday, extending gains from the prior session after the Federal Reserve said it was done…
Fed decision ahead
Attention now turns to the Fed, which is due to wrap up its final two-day policy meeting of the year on Wednesday. Traders are almost certain that officials will vote…
MARKET UPDATE
Asia FX dips, dollar steady. Most Asian currencies retreated on Wednesday, while the dollar steadied as sticky U.S. inflation data cast some doubts over what the Federal Reserve will signal…
MARKET UPDATE
Bitcoin defies its doubters in 2023. If 2022 was the year that “broke bitcoin”, 2023 has been the year of trauma recovery. Bitcoin has bounced pluckily in the face of…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between December 11th, 2023, and December 15th 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Dollar rises ahead of US inflation data. The dollar started Monday on the front foot, with a reading on U.S. inflation and the Federal Reserve’s last policy meeting for the…
WEEKLY MARKET RECAP: December 04 – December 08, 2023
Happy Friday, traders. Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Asia FX muted with nonfarm payrolls in sight. Most Asian stocks rose slightly on Friday with Chinese markets recouping a measure of recent losses, while Japan’s Nikkei 225 fell sharply…
MARKET UPDATE
Asia FX muted with US labor data in focus. Most Asian currencies moved little on Thursday as markets remained on edge before key U.S. labor data, while the yen appreciated…