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Market Analysis

Asian stocks slump as chip selloff deepens; KOSPI plunges 5%

The U.S. dollar strengthened alongside bond yields as investors increased expectations of another interest rate hike by the Federal Reserve. The move comes a day before Chair Kevin Warsh is scheduled to testify before C…

3 min read

Stocks Finish Lower as Chipmakers and AI Stocks Fall

The S&P 500 Index ($SPX) (SPY) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.68%. E-mini S&P futures (ES…

7 min read

Gold recovers from weekly low as USD softens ahead of FOMC Minutes

Gold (XAU/USD) rebounds from the weekly low, which it touched during the Asian session on Wednesday, and climbs above $4,350 in the last hour. The US Dollar (USD) attracts some sellers, stalling this week's goodish reco…

4 min read

Australian Dollar weakens despite RBA’s Hauser hawkish remarks

AUD/USD extends its losses for the second successive day, trading around 0.7080 during the Asian hours on Wednesday. Addressing the broader economic backdrop, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hause…

6 min read

US President Trump: I have paused 50% tariffs against Canada

Following overnight negotiations with Canadian Prime Minister Mark Carney, US President Donald Trump announced on Wednesday, “I have paused 50% tariffs against Canada for a three-day period.”

2 min read

Trump holds off on new 50% tariffs for Canadian goods

Trade experts say if new U.S. tariffs of up to 50 per cent are enacted on Wednesday, consumers in Canada will likely feel the impact as cost increases for goods crossing the border ripple through the economy.

5 min read

Japanese Yen gains ground as BoJ rate hike bets rise

The USD/JPY pair edges lower to around 159.45 during the Asian trading hours on Wednesday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as market expectations grow for another interest rate hike by the…

4 min read

Stocks Finish Lower as Chipmakers and AI Stocks Fall

The S&P 500 Index ($SPX) (SPY) closed down by -0.69% on Tuesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -1.68%. E-mini S&P futures (ES…

7 min read

Dollar Edges Higher as Stocks Slide

The dollar index (DXY00) rose by +0.10% on Tuesday. The weakness in stocks on Tuesday increased demand for dollar liquidity. Also, Tuesday’s rally in WTI crude oil to a 3-week high boosted inflation expectations and cou…

4 min read