Key points: US CPI and Fed speakers: Potential impact on interest rate expectations. Global market trends: Insights into current shifts in major stock indices and commodity prices. The US consumer price index (CPI) will be closely monitored this week, as …
Key points The FTSE 100 opens higher following stronger-than-expected UK GDP figures. Positive economic data sparks a cautious optimism in market forecasts, influencing company strategies and investor outlooks. The FTSE 100 is experiencing an upswing, buoyed by the UK’s latest …
Key points EUR/USD tests resistance at 1.0790 with potential to reach 1.0810 or 1.0865. Stock market rebound led by Utilities and Consumer Staples, showing strong gains post-April. After a rebound from the support level of 1.0725, the EUR/USD pair is …
Key points Wheat prices increased by 0.27% to $6.39-2/8 a bushel. Corn and soybeans also showed upward movements, recording gains of 0.22% and 0.02%, respectively. The most-active wheat contract on the Chicago Board of Trade (CBOT) rose to $6.39-2/8 a …
Key points The U.S. dollar declined against major currencies following softer jobs data, hinting at potential Federal Reserve rate cuts. Recent interventions in currency markets, particularly concerning the Japanese yen, and upcoming economic indicators could influence short-term trading strategies. The …
Key points: Gold prices increased this week, influenced by expectations of a Federal Reserve rate cut later this year. Recent U.S. labor market data suggests a cooling economy, further fueling rate cut speculations. 10th May 2024 – On Friday, spot …
Key Points: Iron ore and steel prices in China have seen declines due to easing stockpiling post-Labour Day, with mixed trends in global markets. The property sector’s challenges continue to impact steel demand, although regulatory changes offer a potential boost. …
Key points: U.S. jobless claims and consumer sentiment data are set to provide fresh economic insights. Platinum faces its largest market deficit in a decade, influencing its pricing dynamics. Gold prices stabilise as economic data looms Gold prices held steady …
Key points U.S. crude inventories decrease, suggesting a tightening oil supply. Rising expectations for a Federal Reserve rate cut by the end of the year influence oil market trends. 9th May 2024 – On Thursday, oil prices experienced a moderate …
Key points Soy and corn basis bids have dropped slightly due to increased farmer sales and recent fluctuations in futures prices. Barge freight costs are rising, and international demand remains robust, as seen in recent large-scale wheat purchases by Egypt. …
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