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    DAILY MARKET ANALYSIS

    Stay on top of your trading with analyses of the latest market news.

    20 May 2024
    Dollar stable as traders await US rate policy updates

    Key points: Dollar index stable at 104.46; eyes on US PCE price index report due May 31. USDJPY weakens slightly to 155.80; traders wary of potential government intervention. The dollar held steady on Monday as investors anticipated further guidance on …

    20 May 2024
    The gold rush: XAUUSD soars past $2,430 

    Key Points:  Gold reaches a record high of $2,430 per ounce amid speculation of Federal Reserve interest rate cuts.  Rising geopolitical tensions and strong central bank purchases bolster gold prices.  Gold (Symbol: XAUUSD) climbed past $2,430 per ounce on Monday, …

    20 May 2024
    Week Ahead: Flash PMI to reveal APAC economic health and growth trends

    The flash PMI data release slated this week in India, Japan, and Australia will be closely watched by investors and analysts. April’s data highlighted robust growth across these economies. India continued to grow at one of the strongest rates seen …

    17 May 2024
    US stocks pullback: Rising bond yields and hawkish Fed comments  

    Key Points:  Optimism for US stock indexes shortlived since the US inflation data was announced, making record highs and then closing lower.  Such pullback was mainly attributed to the rise in bond yields.  Hawkish comments from Fed officials weighed on stocks.  …

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