Surprisingly Oil prices Friday settled right where it opened after a brief peek above 91.51, six months high, over the Iranian threat of an attack on Israel, later “Operation True Promise”. We note that oil has largely been buoyed by global conflicts and attempts to constrain supply by OPEC, even as demand remains tepid amidst…
EURUSD saw a follow drop to its sell-off from Wednesday courtesy of a looming threat of airstrikes from Iran on Israel. The Iranian regime subsequently launched 200 missiles and drones towards Israel after giving notice and now considers the matter close. This puts the bag in Israel’s hands will it conduct a retaliation in turn…
Bitcoin halving is a key event in the cryptocurrency world that occurs approximately every four years. This phenomenon is a part of Bitcoin’s underlying code and plays a crucial role in maintaining its value over time. What is Bitcoin Halving? Bitcoin halving is when the reward for mining Bitcoin transactions is cut in half. This…
Consumer Price Index (CPI) report has delivered a clear message to the markets: inflation remains persistently high, with the Bureau of Labor Statistics announcing a 3.5% year-over-year increase in March, surpassing both last month’s figures and market expectations. This acceleration, driven notably by rises in housing and gasoline prices, suggests that the Federal Reserve’s path…
As we venture into a new week, the global financial markets present a tapestry of mixed signals amidst a backdrop of economic resilience, geopolitical tensions, and speculative anticipation surrounding central bank policies. Here’s a comprehensive analysis to navigate the complexities of the week ahead. US Economic Landscape: A Robust Labor MarketThe US labor market continues…
The Federal Reserve opted to keep interest rates unchanged, as anticipated. This extends the period of steady rates since last September. The goal is to curb inflation without triggering a recession. While some recent economic signs hinted at a slowdown, inflation remains stubbornly high. Fed Chair Powell reaffirmed plans to cut rates in 2024, but…
January NFP report expected to show steady job growth, but will it be enough? The Federal Reserve will be glued to their screens on Friday as the US Bureau of Labor Statistics releases the January Nonfarm Payrolls (NFP) report. Market forecasts predict a solid gain of 180,000 jobs, following a stronger-than-expected December report. However, the…
Are US Payrolls Set for a Slide? Job growth expected to slow, but will it be enough for the Fed? The US economy is in focus today as markets brace for the release of December’s Nonfarm Payrolls (NFP) data. Analysts predict a cooldown in the labor market, with job growth estimated to fall to 170,000…
