About: anakin
Recent Posts by anakin
MARKETS TODAY: Forex market sees sharp movement, Berkshire Hathaway invests in Chubb
The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of 1.31 to 1. This sentiment is further underscored by an increase in net-short bets byContinue Reading
Written on May 16, 2024 at 8:11 am
Categories: Today's Analysis
Tags: Forex, Invest, Stocks
US stocks soar as Fed takes a soft landing
Key Points: Consumer prices slowed; market sentiment heightened With US consumer prices slowing more than expected in April, investors now receive some relief from previous concerns about persistent inflation. This data suggests that the economy might achieve a “soft landing,” where inflation is tamed without a significant slowdown in growth. With such newfound optimism, the USContinue Reading
Written on May 16, 2024 at 7:47 am
Categories: Today's Analysis
Tags: Indices, Stocks
Gold climbs as anticipation of Fed Rate cuts increases appeal
Key points: Gold prices climbed slightly higher on Thursday, following a sharp rise in the previous session, as the dollar and bond yields weakened. This shift comes amid growing speculation that the U.S. Federal Reserve may cut interest rates as early as September. Picture: Further upside for XAUUSD pair as seen on VT Markets app.Continue Reading
Written on May 16, 2024 at 7:44 am
Categories: Today's Analysis
Tags: Gold
As CPI risk clears, asian markets take off
Key points: Asian markets are set to climb higher on Thursday, fuelled by the positive sentiment that followed benign inflation figures from the U.S. This optimism suggests that the Federal Reserve might begin reducing interest rates, a move eagerly anticipated by investors. Economic uncertainties in China and Japan In China, however, the economic outlook remainsContinue Reading
Written on May 16, 2024 at 5:53 am
Categories: Today's Analysis
Tags: Forex, Yen
MARKETS TODAY: Market braces for impact of CPI Data on gold, US dollar, and yields
Key Points On Wednesday, the U.S. Bureau of Labor Statistics will release April’s consumer price index (CPI) data. This key economic report is closely watched by market participants due to its implications for the Federal Reserve’s monetary policy. Tuesday’s elevated producer price index (PPI) results have raised concerns that inflation figures might also disappoint, potentiallyContinue Reading
Written on May 15, 2024 at 8:06 am
Categories: Today's Analysis
Tags: Dollar, Policy
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