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Daily Market Analysis

19 April 2024
MARKETS TODAY: Turbulence Following Escalation in Middle East

ICYMI – Market summary for today, 19 April 2024 Israel’s attack on Iran following a retaliatory drone strike, has intensified market volatility. This series of events caused a flight to safety among investors, influencing various asset classes and currency valuations …

19 April 2024
OIL: Prices Rise by $3 From Unverified Reports of Explosions in Iran

Brent Futures on the Rise Today, oil prices experienced a notable increase, with Brent futures rising $3.03 to $90.14 per barrel and U.S. West Texas Intermediate crude ascending by 3.7% to $85.76. This uptick is attributed to market reactions to …

19 April 2024
How is the US Dollar Performing in Light of Changing Rate Cut Expectations?

Looking at today, April 19 2024, the U.S. dollar is on track to achieve a second consecutive week of gains as of this Friday, driven by an unexpectedly robust U.S. economy which has recalibrated both investor and policy expectations concerning …

18 April 2024
U.S. Dollar Stays Strong, Rising Bond Yields on Currency Pairs

The focus is intensifying on the U.S. dollar’s interaction with major currency pairs such as EUR/USD, GBP/USD, USD/JPY, and USD/CAD. The EUR/USD pair, for instance, has shown resilience, rebounding from a crucial support at 1.0600 and ascending past 1.0650. Technical …

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