Quick Look: AUD trades near a two-week high at 0.6630 against USD amid upcoming US CPI data and FOMC minutes. March CPI in the US will rise to 3.4% YoY; Fed rate cuts may appear from September 2024. Fed officials offer varied outlooks; Goolsbee warns against high rates, and Powell aims for 2% inflation. With …
AUD/USD Nears 2-Week High at 0.6630 Amid US CPI Await Read More »
Quick Look: U.S. stocks show slight gains as investors seek recovery from last week’s losses, with the Dow Jones up by 10 points. Market volatility was highlighted by significant downturns last week, including a 2.3% drop in the Dow Jones. Analysts emphasise the importance of upcoming inflation data and economic indicators like CPI and PPI. …
Quick Look: Dow Jones futures remain stable, while S&P 500 futures dip and Nasdaq futures rise, indicating mixed market sentiment. Upcoming earnings reports from major banks and companies like Delta Air Lines spotlight corporate health amidst economic uncertainty. This week’s economic events and inflation data are critical for the Federal Reserve’s interest rate decisions. The …
Earnings Week Beckons: Dow Unchanged, S&P, Nasdaq Diverge Read More »
Quick Look: The bearish trend in soybean prices, with forecasts suggesting a drop to $1164.00 and $1131.40. Delay in Dynamic Soy Decision Support Tool launch to Fall 2024 for further development. Optimal soy planting dates range from mid-April to mid-May to avoid yield losses. Concerns over U.S. soy crush capacity are potentially overbuilding despite a …
Soybean Prices to Drop: Forecast Hits $1131.40 Amid Volatility Read More »
Quick Look: RBNZ is on a path to hold OCR at 5.5% amidst recession and falling inflation. NZ is in a technical recession; the Q4 economy contracted by -0.3%. The US labour market is strong, but the Fed is cautious as no rate cuts are expected soon. The NZD/USD exchange rate is bearish, with analysts …
NZD/USD Dips Ahead of RBNZ Decision Amids Global Uncertainty Read More »
Quick Look: Silver prices hit a three-year high at $27.25, a 9.4% increase, showcasing a bullish market trend. Key drivers include strong industrial data from China, a technical breakout, and a global supply deficit. Parallel rise in gold prices, with gold reaching a new high at $2,315, reflecting increased interest in precious metals. Silver’s industrial …
Quick Look: AUD gains against US Dollar amid economic optimism and ahead of US Initial Jobless Claims. Economic indicators show Australia’s robust economic performance, with services and composite PMI rising. US shows mixed economic signals; Fed officials signal readiness for rate adjustments. China’s Services PMI improvement suggests a stable recovery, affecting Australia positively. Aussie trades …
AUD Surges: Economic Optimism & Fed Insights Propel Rise Read More »
Quick Look: WTI crude is up by 0.3% to $85.43, and Brent crude is up by 0.5% to $89.35 amid global tensions. May gasoline + +0.1%, heating oil + +0.8%, natural gas + +1.1%. Crude inventory +3.2M barrels; gasoline inventory -4.3M barrels. Tehran vows retaliation; Ukrainian attacks impact Russian refining. In the latest commodities market …
Gasoline Prices Up 0.5%: Geopolitical Tensions Stir Markets Read More »
The term “margin” holds significant importance in finance and investing, yet its meaning varies across different contexts. Understanding margin is crucial to making informed decisions when navigating the stock market, running a business, or dealing with mortgages. In this article, we will demystify margin across its various applications, offering insights into how it functions in …
Mastering Margin Trading: Finance, Business And Mortgage Read More »
Quick Look: Cocoa prices have skyrocketed, doubling in early 2024 and tripling over the past year. Major chocolate companies face stock declines and increased production costs, pushing chocolate to become a luxury commodity. Financial analysts highlight the negative impact on companies like Hershey, with consumer behaviour shifting due to rising prices. In an unprecedented shift …
Cocoa Prices Triple: Hedge Funds Face Record Exposure Read More »
Quick Look: Grayscale Litecoin Trust’s premium to NAV stands at a remarkable 407.6%, offering an opportunity for premium arbitrage. Litecoin (LTC) boasts a strong user base, exceeding 250,000 daily active users for two years, making it a contrarian pick. LTC has surged past $105, showing resilience after a market downturn, with a potential target price …
Quick Look: Green premiums are rising, with a 5% premium for low or zero carbon emissions aluminium products. Middle-Eastern aluminium commands a 2% green premium, indicating shifting market dynamics. New Zealand is seeing significant interest in its almost zero-carbon product to capture up to 20% of the market. Growing demand and tightening supply conditions are …
Aluminium’s Green Revolution: 5% Premiums Lead Change Read More »
Quick Look: Russia’s seaborne crude oil exports surged to nearly 3.5 million barrels/day, diversifying energy markets amidst sanctions. Despite Western sanctions freezing $300 billion, Russia’s reserves reached $599 billion in 2023, ensuring economic stability. Russia’s economy stays resilient despite sanctions, aided by fiscal stimulus during COVID-19, supporting growth and military operations. Russia-China ties strengthen amid …
Russia’s 2023 Economy: Navigating Sanctions Successfully Read More »
Quick Look: Gold (XAU) scores record high as prices soared unprecedentedly on Monday. U.S.-China economic health and Fed rate cut probabilities shape gold prices. Bullish sentiment persists, but potential correction looms, influenced by central bank actions and inflation data. Gold’s allure has intensified, capturing the attention of investors worldwide as it reached new record highs …
Gold Hits Record $2,265 Amid Fed Cut Speculation Read More »
Quick Look: EUR/USD stays below 1.0800 as the pair trimmed its daily gains, remaining under the significant psychological level. Bearish indicators signal caution as the 14-day RSI and MACD divergence hint at potential downward pressure. Investors await the US ISM Manufacturing PMI and German CPI for further insights. In Monday’s trading session, the EUR/USD pair maintained …
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