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    DAILY MARKET ANALYSIS

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

    21 May 2024
    Why crude oil futures may continue their spiral downwards in May

    Key Points:  Brent crude futures fell toward $83 per barrel due to Middle East developments.  WTI crude futures also declined to $78 per barrel.  The OPEC meeting on June 1 is crucial for potential production cut rollovers.  On Tuesday, both …

    21 May 2024
    Australia, NZ Dollars decline as markets assess rate outlooks

    Key points: Australian dollar drifts 0.2% to $0.6654, with key support levels at $0.6650 and $0.6630. New Zealand dollar eases to $0.6091, with support around $0.6083 and $0.6031. The Australian and New Zealand dollars faltered on Tuesday as the momentum …

    20 May 2024
    Market implications from the US dollar decline; stock markets await earnings report

    Key Points: The DXY index declined significantly due to softer-than-expected CPI figures, indicating a potential return to a disinflationary trend. Federal Reserve speculation rises as inflation data suggests possible easing of monetary policy in the fall. The U.S. Dollar Index …

    20 May 2024
    Australian Dollar climbs above $0.67 with fresh China stimulus and US Fed rate cut bets 

    Key Points:  Australian dollar rises above $0.67, approaching four-month highs.  New stimulus measures in China and interest rate cut expectations in the US collectively boost commodity prices.  The Australian dollar (Symbol: AUDUSD) marched towards four-month highs, priced above $0.67, as …

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