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DAILY MARKET ANALYSIS

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

16 May 2024
Aussie dips on weak employment reports and wage growth slowdown

Key Points:  Australian dollar drops below $0.67 against the US dollar following weak employment data.  Increased unemployment and slow wage growth reduce rate hike expectations.  With optimism in economy of China, the Australian dollar may be bolstered as it is …

16 May 2024
MARKETS TODAY: Forex market sees sharp movement, Berkshire Hathaway invests in Chubb

The current sentiment in the forex market is manifesting through interesting trends across key currency pairs, indicating potential shifts that traders should monitor closely. Starting with the GBP/USD pair, 56.68% of clients are currently bearish, with a short-to-long ratio of …

16 May 2024
US stocks soar as Fed takes a soft landing 

Key Points:  US consumer prices slowed more than expected in April, providing relief to concerns on persistent inflation   S&P 500, Nasdaq and Dow Jones reach new record highs, signaling strong investor confidence.  Meme stocks surged alongside Bitcoin, reflecting increased …

16 May 2024
Gold climbs as anticipation of Fed Rate cuts increases appeal

Key points: Platinum nears One-Year high: Platinum prices reach their highest level since May 22 of last year. Gold eyes $2,400 level: Analysts suggest gold could soon capture the $2,400 per ounce mark. Gold prices climbed slightly higher on Thursday, …

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