DAILY MARKET REVIEW – MARCH 27, 2024

SUMMARY Tensions continue to rise, with the Russian government accusing Ukraine of being behind the Moscow attacks. The Nasdaq 100 index closed yesterday with a correction of -0.42%. At present, the index is recovering some of its fall, rising 0.31% to trade at 18,507 points. The USD/JPY pair remains sideways around the 151.63 zone. The […]

DAILY MARKET REVIEW – MARCH 26, 2024

SUMMARY Singapore’s CPI came in at 3.4%, up 5 basis points from the previous month. This result is not favorable and is causing turbulence in the Asian market. The bitcoin has once again surpassed the USD 70,000 barrier. It is currently up 4.66% and stands at USD 70,501. The volume of buying is higher in […]

DAILY MARKET REVIEW – MARCH 25, 2024

SUMMARY Traders start the week with an eye on Christine Lagarde’s press conference as President of the European Central Bank. The Nasdaq 100 started the week in the red at 18,563 points. Traders are looking ahead to this week’s US GDP report and the performance of the US housing market. Traders are watching the minutes […]

DAILY MARKET REVIEW – MARCH 22, 2024

SUMMARY In the U.S., jobless claims came in at 210,000, compared to 212,000 expected. The country’s manufacturing PMI came in at 52.5 and the services PMI at 51.7, indicating that both sectors are expanding. The US state of Texas is taking restrictive measures against several institutions blocking investment in fossil fuel companies. Downward pressure on […]

DAILY MARKET REVIEW – MARCH 21, 2024

SUMMARY The FED has decided to keep interest rates at 5.50% per annum. At the FOMC press conference, delegates indicated that the FED is waiting for inflation to continue to approach 2% p.a. before launching the interest rate reduction program. Saudi Aramco has announced a 60% increase in its natural gas production, indicating that it […]

DAILY MARKET REVIEW – MARCH 20, 2024

SUMMARY According to Reuters, France is preparing to send a direct contingent of 2,000 troops to Ukraine. For its part, NATO is reinforcing its military presence on Russia’s borders. Analysts expect the world supply of natural gas to increase once Iraq increases its production levels of this raw material. Wages in the eurozone increased by […]

DAILY MARKET REVIEW – MARCH 19, 2024

SUMMARY Tensions in the Middle East continue to rise. The Houthis have announced that they are cooperating with Russia and China, which is leading to increased tensions in the region, mainly in the Red Sea. Analysts do not rule out a drop in the price of natural gas due to high stock levels in European […]

DAILY MARKET REVIEW – MARCH 18, 2024

SUMMARY The Bank of Japan is about to raise interest rates between 0% and 0.10%. For the moment, Japanese markets are positive, with the Nikkei 225 up 0.22% and the Topix up 0.08%. Natural gas started the week with a significant rebound of +2.76%. It is currently trading at USD 1.712 per BTU. Today, the […]

DAILY MARKET REVIEW – MARCH 15, 2024

SUMMARY Tensions in the Middle East continue. The US Congress closely analyzes the escalation of war. Houthi attacks in the Red Sea continue. The Bank of Japan (BOJ) has stated that it does not rule out further interest rate cuts. The Bank is awaiting the results of the wage survey to be released today. US […]

DAILY MARKET REVIEW – MARCH 12, 2024

SUMMARY Annual inflation in Germany is expected to be 2.5%, very close to the 2% target. For this reason, analysts believe that the European Central Bank is slow to start cutting interest rates. The coin price started to recover after reaching the 146.49 support level. Currently, USDJPY is up +0.28% and is trading at 147.37. […]