By JustMarkets At Monday’s close, the Dow Jones Index (US30) added 0.17%, while the S&P 500 Index (US500) was down 0.21%. The NASDAQ Technology Index (US100) closed negative 0.12% yesterday. The Fed’s hawkish comments on Tuesday pushed 10-year T-note yields to a 5-month high and negatively impacted equities. The US Fed Chairman Jerome Powell said yesterday that given the strength of the labor market and progress on inflation so far, it is appropriate to give restrictive policy additional time to work. In addition, Fed Vice Chairman Jefferson add ..read more

By ForexTime  Pound boosted by sticky CPI data EURGBP drops over 20 pips Eurozone CPI match initial estimates Watch out for BoE Bailey’s speech Key levels at 50-day SMA, 0.8530 & 0.8505 EURGBP was injected with fresh volatility on Wednesday after UK inflation fell less than expected in March. The minor currency pair tumbled over 20 pips, dipping below the 0.8530 support as cooling BoE rate cut bets supported the British Pound. More currency movements could be on the horizon, especially when factoring in BoE Governor Andrew Bailey’s speech later today. Interestingly, trader ..read more

By RoboForex Analytical Department Brent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the world’s largest energy importer. Although China’s GDP grew faster than expected in Q1 2024, other critical economic parameters such as property investment, retail sales, and industrial production remain subdued, dampening overall demand prospects. According to the American Petroleum Institute (API), US crude oil inventories have ..read more

By Yrjo Koskinen, University of Calgary; J. Ari Pandes, University of Calgary, and Nga Nguyen, Université du Québec à Montréal (UQAM)  Canada is one of the largest oil and gas producing nations in the world, and the oil and gas sector is its most important export industry. With the rapid increase of green energy investments globally, stock markets have begun viewing oil and gas firms in Canada and the United States as mature with an uncertain future — despite recent record profits and increases in stock prices. A prudent and economically viable energy transition to a low carbon economy i ..read more

By JustMarkets At Monday’s close, the Dow Jones (US30) Index decreased by 0.65%, while the S&P 500 (US500) Index was down 1.20%. The NASDAQ Technology Index (US100) closed yesterday negative at 1.79%. The US dollar initially declined on Monday amid lower liquidity demand, as stocks rose after geopolitical concerns eased amid hopes that diplomatic efforts would curb the conflict between Iran and Israel. However, the US dollar jumped sharply in the US session after March, and US retail sales rose more than expected, a hawkish factor for Fed policy. In addit ..read more

By ForexTime  FXTM launches 10 new commodities Cocoa hits fresh record high Biggest gainer YTD in FXTM’s commodity universe Prices up over 150% since the start of 2024 Firmly bullish on H4/H1 timeframe This week, FXTM launched 10 new commodities! This now brings FXTM’s tally to 13 different commodities to trade from. And Cocoa has certainly hijacked our attention, jumping to a fresh all-time high on Monday. The commodity posted its highest-ever intraday price at $11345.56 (Monday, 15th April)! Note: Cocoa is priced per metric ton (MT) Before we take a deep dive into why Cocoa ..read more

By RoboForex Analytical Department The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised concerns that the Federal Reserve might delay interest rate cuts expected in 2024. The prevailing expectation in the stock market is that the Fed will begin its monetary policy easing cycle in September, diverging from the earlier forecast of June. This expectation adjustment has bolstered the US dollar’s position, exerting additional pressure on other curren ..read more

By JustMarkets On Friday, the Dow Jones (US30) was down 1.24% (for the week -2.40%), while the S&P 500 (US500) decreased by 1.46% (for the week -1.69%). The NASDAQ Technology Index  (US100) closed Friday negative 1.62% (for the week -0.68%). Stock indices declined sharply on Friday, with the S&P 500 (US500) falling to a 4-week low and the Dow Jones (US30) falling to a 2-month low. Heightened geopolitical tensions heightened risk aversion and triggered the liquidation of long positions in equities on Friday. Following last ..read more

By ForexTime  Big week for “OG” crypto Halving event looms large Watch out for geopolitical tensions Prices under pressure on D1 chart Key levels at $61500, $65000 and $68000 In case you missed the memo, Bitcoin’s halving is almost here! This is a significant event that reduces the mining rewards for the “OG” crypto by half. But before we cover what, when, why and how to prepare for this event… Watch out for geopolitical tensions. Bitcoin along with other cryptocurrencies may be influenced by escalating geopolitical tensions in the Middle East. On Saturday, Bitcoin prices tumbl ..read more

By RoboForex Analytical Department The EUR/USD pair has experienced a notable decline, currently stabilising around 1.0648. Last week, the pair recorded its most significant weekly gain since 2022, fuelled by the anticipation of persistently high interest rates in the US and escalated conflicts in the Middle East. The US dollar appreciated by 1.6% over the week against a basket of six major currencies, reaching another 34-year high against the Japanese yen and experiencing its most substantial weekly increase against the British pound since July 2023. Recent US inflation data and the Fede ..read more