Tag: stocks

December 28, 2023

Oil prices failed to maintain its momentum this week with a sharp selloff yesterday continuing through the Asian and European sessions today. US stockpile numbers released yesterday evening from the American Petroleum Institute (API) showed a buildup of 1.837 million […]

December 22, 2023

According to Barclays strategists, the equities market is poised for a positive year in 2024, driven by the prospect of lower interest rates prompting increased cash deployment. The team suggests that a pause in the equity markets would be logical […]

December 20, 2023

The rate at which house prices are falling has accelerated, the latest house price index from the Office for National Statistics (ONS) has found. In its latest index, the ONS revealed that the average house price dropped by 1.2% in […]

December 20, 2023

Oil prices fell on Thursday, as concerns over low demand following a surprise U.S. crude inventory build outweighed jitters over global trade disruptions and geopolitical tensions in the Middle East. Brent crude futures fell 65 cents, or 0.8%, to $79.05 […]

December 18, 2023

A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections […]

December 18, 2023

Every month we look at the most popular funds and stocks investors are buying, but what have been the most purchased investments throughout 2023? December may be a joyful month but it has been an uncertain year for the financial […]

December 15, 2023

Gold prices (XAU/USD) gained ground on Thursday, rising for the second consecutive trading session after the Federal Reserve embraced a dovish posture at the conclusion of its December monetary policy meeting on Wednesday afternoon, an unexpected outcome that triggered a […]

December 14, 2023

The U.S. dollar, as measured by the DXY index, extended its retracement on Thursday, sinking below that 102.00 mark and reaching its lowest level since early August. This selloff was the result of the collapse in U.S. Treasury yields, triggered […]

December 13, 2023

The euro found some support during the latter part of the European session after dismal eurozone industrial production data (see economic calendar) missed on both YoY and MoM metrics. Yet another data point that reflects a slowing euro economy. Of […]

December 8, 2023

In a move to diversify its margin trading services, Binance, the global cryptocurrency exchange, has today integrated the privacy-focused digital asset PIVX into its margin trading offerings. The inclusion of PIVX prompted an immediate price rally, peaking above $0.40 before […]

December 7, 2023

Gold prices (XAU/USD) moved with limited conviction on Thursday, swinging between small gains and losses as investors avoided taking large directional bets on the asset for fear of getting caught on the wrong side of the trade ahead of key […]

November 29, 2023

Oil prices are enjoying a second successive day of gains, up around 1.5% at the time of writing. A lot of the optimism stems from the idea that OPEC+ will announce additional cut at tomorrow’s virtual meeting despite rumors that […]

November 28, 2023

EUR/USD is currently testing the 21 November high and continues to trade above the 200-day simple moving average (SMA). The bullish run may face another test in the form of US GDP data (second estimate) later this week after estimates […]

November 20, 2023

Ethereum (ETH) is witnessing a price breakout on the back of increasing institutional interest in the second-largest cryptocurrency behind Bitcoin (BTC) by market cap. The increased bullish sentiment pushed Ether price up by 26.2% in 30-days. The fact that ETH […]

November 15, 2023

US retail sales broke its run of six consecutive positive prints in October, dropping 0.1% in the month of October compared to September. In addition, September’s number was revised higher from +0.7% to +0.9%. Retail sales has contributed to the […]

November 15, 2023

Inflation has dropped to 4.6% which means the chancellor and prime minister can claim victory in one of their five pledges – the one to halve inflation by the end of the year. True, there’s still a few months of […]

November 14, 2023

UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost four times the market consensus, as the world’s largest economy tips into recession. In its 2024-2026 outlook for the U.S. […]

November 10, 2023

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]

November 8, 2023

The American Petroleum Institute (API) reported a sizable rise in US crude stocks for the week ending 3 November. The inventory build has weighed on oil prices which have already suffered amid the prospect of a continued growth slowdown in […]

November 2, 2023

The euro pushed higher after disappointing Euro area data showed weak manufacturing PMI’s (see economic calendar below) continue to plague the region. The HCOB manufacturing PMI release slumped to 3-month lows and the 16th consecutive print below the 50 level […]