WEEKLY MARKET RECAP: April 24 –April 28, 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…
Read more
House Republicans pass debt-ceiling hike
The U.S. House of Representatives on Wednesday narrowly passed a bill to raise the government’s $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade. The bill…
MARKET UPDATE
Dollar weakens ahead of U.S. GDP release The U.S. dollar weakened in early European trade Thursday ahead of the release of key U.S. growth data, amid concerns over banking contagion…
MARKET UPDATE
Asia FX muted, dollar steady Most Asian currencies moved in a flat-to-low range on Wednesday as traders hunkered down before a slew of economic cues and central bank meetings in…
MARKET UPDATE
Gold rises on softer dollar Gold prices rose on Tuesday, extending a recovery into a third straight session as the dollar fell amid bets that the Federal Reserve could pause…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between April 24th, 2023, and April 28th, 2023, where we take a look at the economic data, market news…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between April 24th, 2023, and April 28th, 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Asia FX falls, dollar muted as rate hikes Most Asian currencies retreated on Monday, while the dollar steadied ahead of a string of economic cues due this week, with the…
WEEKLY MARKET RECAP: April 17 –April 21, 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
Asian stocks fall as rate hike jitters mount Most Asian stock markets retreated on Thursday, tracking a weak lead-in from Wall Street as fears of rising interest rates and slowing…
Dollar largely flat, Central bank meetings in focus
The U.S. dollar traded in a subdued fashion in early European trade Thursday, clinging on to overnight gains with expectations growing that the Federal Reserve will tighten monetary policy further…
MARKET UPDATE
Asia FX dips, dollar steadies Most Asian currencies retreated on Wednesday, while the dollar firmed slightly as uncertainty over rising U.S. interest rates battered risk-heavy assets, with focus now turning…
MARKET UPDATE
Oil edges up as China’s economy gathers pace Oil prices firmed slightly on Tuesday, after falling 2% in the previous session, as stronger economic data from the world’s largest crude…
MARKET UPDATE
Dollar edges higher; remains near two-month low after U.S. CPI The U.S. dollar edged higher in early European trade Thursday, but remained under pressure after cooler-than-expected inflation data raised the…
Inflation data looms
As markets count down to the much anticipated release of March inflation data, investors eye the Federal Reserve’s future interest rate path, while gold gains and oil prices oscillate. Elsewhere,…
MARKET UPDATE
Oil prices pause at 1-month high ahead of U.S. inventories, CPI data Oil prices moved little in early Asian trade on Wednesday, sticking to near one-month highs as markets awaited…
MARKET UPDATE
Oil rises as US stockpiles may drop Oil prices rose on Tuesday on expectations that inventories in the U.S., the world’s biggest crude consumer, are expected to fall and on…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between April 10th 2023 and April 14th 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Oil steady as investors weigh tighter supply vs. growth outlook Oil prices were roughly unchanged on Monday as investors weighed the prospect of tighter supplies from OPEC+ producers from May…
US job growth strong in March
The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labour market tightness that could see…