Market Surges, Gold Shatters Records, Oil Takes a Hit All major US indexes closed higher, with tech giants, especially Netflix, fueling Wall Street’s impressive rally. The precious metal hit an unprecedented $2,732 per ounce as investors sought shelter from global uncertainty. Oil prices saw their biggest weekly drop in a month, stoking concerns about weakening […]

Big Tech Boosts US Stocks as Netflix Beats Expectations; Treasury Yields Steady US stock futures rose, led by Big Tech, as Netflix’s 7% premarket jump helped lift the Nasdaq 100 by 0.5%. Netflix exceeded Wall Street expectations, adding more subscribers than anticipated in the third quarter. Apple also gained after data showed iPhone sales in […]

Yen Breaks 150: Could a Steeper Fall Be Ahead? The yen has crossed the significant 150-per-dollar threshold, sparking concern among Japan’s top currency officials. This decline has put the Bank of Japan and policymakers on high alert, with some experts predicting the yen could fall as low as 160 in the coming months if the […]

Futures Rise Ahead of Economic Data as TSMC Results Boost Chip Stocks U.S. stock index futures rose Thursday, driven by Taiwan Semiconductor Manufacturing Co’s strong earnings and positive Q4 revenue forecast due to AI chip demand. TSMC’s U.S. shares surged 8%, with Nvidia gaining 2.6% and other chip stocks also up. On Wednesday, the Dow […]

Could Softer UK Inflation Signal Steeper Rate Cuts Ahead? UK inflation came in softer than expected for September, with CPI rising just 1.7% vs. the 1.9% forecast. This surprising miss has sparked speculation that the Bank of England could cut rates more aggressively in November—sending GBP/USD tumbling. But here’s the real question: could this be […]

Oil Prices Stabilize Amid Middle East Tensions and Chinese Demand Oil prices hovered around $74 a barrel after a decline on Tuesday, as traders monitored Middle East tensions and next year’s outlook. Brent and West Texas Intermediate fluctuated between minor gains and losses, following a more than 4% drop on reports that Israel would avoid […]

Golden Opportunity: Record Highs Expected in 2025 Big news for gold investors! 2024’s standout commodity is set to keep climbing, with prices expected to rise by 10% over the next year. At the London Bullion Market Association (LBMA) event in Miami, industry experts predicted that gold could hit $2,917.40 per ounce by October 2025. Gold […]

Oil Prices Decline by 5%: Could Israel’s Decision Not to Target Iran’s Crude be a Game Changer? Oil prices plummeted after reports that Israel may refrain from targeting Iran’s crude infrastructure, alleviating concerns about potential supply disruptions. West Texas Intermediate fell nearly 5% to around $70 a barrel, while Brent futures dropped below $74. Israel […]

Countdown to 150: Is Japan Poised for Another Bold Yen Intervention? The yen is on the brink of hitting 150 against the dollar, reigniting fears of intervention! After a sharp decline, investors are now on high alert for potential action from Japan’s government, especially after recent statements hinting at growing concerns. The yen’s weakening trend, […]

OPEC Cuts 2024 Global Oil Demand Forecast: What’s Next for Oil Prices? OPEC has revised its forecast for global oil demand growth in 2024, now projecting an increase of 1.93 million barrels per day (bpd), down from 2.03 million bpd last month. This marks the third consecutive downward revision for the organization. The downgrade is […]