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…
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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…
WEEKLY MARKET RECAP: April 03 – April 07, 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
US job growth expected to moderate but remain at brisk pace in March The U.S. economy likely continued to churn out jobs at a brisk clip in March even though…
MARKET UPDATE
Oil falls as weak US economic data stokes recession fears Oil fell on Thursday as weak U.S. economic data raised concerns over a potential global recession and demand reduction, but…
MARKET UPDATE
Oil prices edge up as OPEC+ output cuts Oil prices rose on Wednesday, boosted by expectations of U.S. crude inventory declines as well as the latest output cut targets set…
MARKET UPDATE
Asia FX retreats, Australian dollar down as RBA holds rates Asian currencies inched lower on Tuesday amid growing uncertainty over economic growth this year, while the Australian dollar retreated after…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between April 03rd 2023 and April 07th 2023, where we take a look at the economic data, market news…
MARKET UPDATE
Gold prices keep $2,000 in sight as bank fears bring bumper quarter Gold prices were flat on Friday, staying within sight of the key $2,000 level after wild swings this…
MARKET UPDATE
Oil prices muted as markets weigh tighter supply Oil prices moved little in early Asian trade on Thursday as markets awaited key business activity data from China for more cues…