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    DAILY MARKET ANALYSIS

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

    4 October 2024
    Gold Steady as Markets Await U.S. Payroll Data, Interest Rate Forecast in Focus

    Gold prices remain flat, with markets closely watching upcoming U.S. nonfarm payroll data and its potential impact on Federal Reserve rate decisions. Other precious metals, including silver and platinum, show mixed performance as geopolitical tensions and economic indicators drive cautious …

    3 October 2024
    Rupee Under Pressure as Dollar Gains Strength

    The Indian rupee is expected to open near 83.92-83.94, pressured by a stronger U.S. dollar driven by robust jobs data and reduced expectations for a large Fed rate cut. Rising oil prices due to Middle East tensions add further downside …

    3 October 2024
    S&P 500 Closes Flat as Tech Gains Pressured by Middle East Tensions

    Nvidia’s gains lifted the tech sector, but Tesla’s drop and Middle East tensions kept the S&P 500 flat as traders remained cautious. Focus now shifts to Friday’s U.S. non-farm payroll report, which could influence the Federal Reserve’s next interest rate …

    3 October 2024
    Aussie Hits 2-Month High Against Yen, Kiwi Struggles

    The Australian dollar surged 2% overnight to reach 101.25 yen, breaking through the 100.00 resistance barrier. This surge came as Japan’s newly appointed Prime Minister, Shigeru Ishiba, signalled opposition to further interest rate hikes, a shift in stance from his …

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