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    DAILY MARKET ANALYSIS

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

    17 May 2024
    Japan’s Nikkei falls on Wall Street weakness and BOJ uncertainty

    Key points: Nikkei ends lower after a three-day winning streak, influenced by Wall Street and BOJ policy. Broader Topix index posts a weekly gain despite early losses. Japan’s Nikkei share average snapped a three-day winning streak to close lower on …

    17 May 2024
    Oil poised for weekly gain on rising demand

    Key points: Oil prices rise on improving demand signals from China and the US. Brent crude and WTI crude futures are set for weekly gains. Oil prices increased on Friday, with global benchmark Brent set for its first weekly gain …

    17 May 2024
    US Dollar Index (DXY) declined as inflation eases: Markets rally on rate cuts optimism 

    Key Points:  The US Dollar Index (DYX) falls 1% after US inflation data shows decline.  Major currencies rose against USD, while gold prices jumped to the $2,400 price level.  Lower inflation rekindles hopes of Federal Reserve rate cuts.  The US …

    16 May 2024
    Aussie dips on weak employment reports and wage growth slowdown

    Key Points:  Australian dollar drops below $0.67 against the US dollar following weak employment data.  Increased unemployment and slow wage growth reduce rate hike expectations.  With optimism in economy of China, the Australian dollar may be bolstered as it is …

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