Market Analysis

The stock market rallied strongly, particularly in the tech sector, with the S&P 500 rising by 1.41% and the Nasdaq Composite surging 2.2%, rebounding from a challenging prior week. Notable tech giants like Nvidia, Amazon, Alphabet, and Apple experienced gains, …

FX Daily Analysis: 8 January 2024 CURRENCIES: Market Q1 Outlook: Gold, Stocks, EUR/USD, GBP/USD & USD/JPY monitoring Fed and US Yields Gold and U.S. equities experienced moderate losses in the first trading week of 2024 Pressured by a significant rally …

Following a turbulent start to 2024, the upcoming week is poised for potential high volatility. Key drivers include the release of inflation data, taking in CPI figures from Australia, the US, and alongside PPI data. The UK GDP release also …

Forex Daily News: 5 Jan 2024 CURRENCIES: US Dollar’s Revival Dynamics: DXY index reflects the US dollar’s rebound on Wednesday. Day concludes with the dollar retracing from session highs due to Fed minutes causing a pullback in yields. Focus on …

The stock market closed with mixed results as the Nasdaq Composite sustained its longest losing streak since October 2022, dropping by 0.56% while the S&P 500 experienced its fourth consecutive decline. Mega-cap tech stocks, especially Apple, faced significant underperformance due …

The stock market opened the year with the Nasdaq Composite facing significant losses, marking a 1.18% decrease following the tech giants’ downturn, influenced by Apple’s nearly 4% drop. This decline, paired with the S&P 500 and Dow Jones slipping, reflected …

Forex Daily Market Analysis: 3 Jan 2023 CURRENCIES: Key Reports This Week: JOLTs, ADP, and NFP reports released. Focus on understanding the impact of these reports on the market. Fed Chair Powell’s Dovish Stance: Assessing the dovishness of Fed Chair …

The new year began with a mild downturn in the stock market, seeing the S&P 500 drop by 0.57% after an impressive 2023. Tech giants like Apple faced setbacks, while defensive stocks supported the Dow Jones. Despite this, the market …

Forex Daily Analysis 2 January 2024 Economic data: S&P Global US Services PMI, December, final (48.4 expected, 48.2previously); MBA Mortgage Applications, week ending December 29 CURRENCIES: U.S. Dollar’s Downward Correction Witnessed a significant downward correction in the U.S. dollar due to …

The inaugural week of 2024 is poised to be a dynamic period for traders and investors, with a spotlight on critical economic indicators that are expected to shape market sentiments. Among the pivotal data releases are the ISM Manufacturing and …