Market Watch: Gold Shines Amid Volatility Asian stocks showed mixed movement Tuesday amid volatile trading as investors braced for Wall Street’s tech earnings blitz, with Alphabet kicking off three days of results from industry giants. Meanwhile, the dollar steadied near its three-month high, buoyed by stronger U.S. economic data and expectations for fewer rate cuts. […]
Israeli Strikes Lower Oil Prices: Hope for Easing Tensions Brent crude dropped below $72 a barrel and West Texas Intermediate neared $68 after Israeli strikes on Iranian military targets, avoiding oil facilities and raising hopes for reduced tensions. Iran stated its oil operations remain normal, but warned of a proportional response to attacks. Despite earlier […]
Japan’s Election Shake-Up Sends Yen Tumbling: Is 160 Next? The yen plunged to a three-month low as Japan’s ruling coalition lost its parliamentary majority over the weekend, raising fresh doubts about political stability and rate hikes. As markets absorb the news, fears grow that Japan could return to a cycle of short-term leadership, putting pressure […]
Markets Poised for Volatility: Elections, Rate Decisions, and Dollar Surge Ahead The next two weeks could be among the wildest this year! Global markets are gearing up as both the U.S. and Japan hold crucial elections while the Fed, Bank of Japan, and Bank of England prepare major rate decisions. The U.S. dollar has already […]
Will Japan’s Election Muddy the Waters for BOJ’s Policy Path? The yen hovered near a three-month low on Friday, marking its fourth consecutive weekly decline. All eyes are now on Japan’s Sunday election, which could challenge the ruling Liberal Democratic Party’s (LDP) dominance and, in turn, complicate the Bank of Japan’s (BOJ) policy plans. The […]
Tesla Soars After Crushing Q3 Expectations! Tesla stock is soaring, jumping 11.2% in premarket trading to $237.57 after delivering an impressive third quarter! Earnings per share came in at 72 cents, far surpassing the expected 60 cents. Margins are improving both year-over-year and sequentially, showing Tesla’s strength in navigating the competitive EV market. Wall Street […]
ECB on the Brink? Markets Eye Euro Zone PMI as Pressure Mounts Thursday’s PMI data from the euro zone is set to grab the attention of investors and policymakers alike. Business activity across the bloc is expected to remain stuck in contraction territory, fueling concerns over the region’s economic health. This gloomy outlook may nudge […]
Gold on Fire! Hits New Record with Silver Close Behind! The safe-haven rush is intensifying! Gold has surged to a historic high of $2,758.49, fueled by growing fears surrounding the US presidential race and escalating tensions in the Middle East. With geopolitical risks mounting, investors are seeking refuge in gold, propelling it beyond previous records. […]
Dollar Strengthens, Pressuring Asian Shares as Global Bond Yields Rise Amid Tepid Fed Rate Cut Expectations The dollar rose against major currencies, impacting Asian shares as investor sentiment weakened due to the prospect of slower Federal Reserve interest rate cuts. US 10-year Treasury yields climbed past 4.2%, contributing to a global bond selloff, with Japan’s […]
Election Jitters and Fed Uncertainty Shake Bond Markets Worldwide! The bond market is in turmoil as investors brace for slower rate cuts from the Fed! The US 10-year yield surged above 4.20%, shaking markets from Asia to Europe. Australia’s benchmark debt yields skyrocketed by 16 basis points, and Germany’s 10-year bonds also saw a sharp […]