- Market News
Recent Market News Headlines
Bond Market Selloff Drives Sharp European Stock Losses
Surging bond yields and climbing oil prices hammered European stocks at the open Thursday, deepening the global risk-off selloff further.
Eurozone Manufacturing PMI Hits Four-Year High in September
Eurozone manufacturing activity reached a four-year high in September, but accelerating price pressures complicated the outlook for ECB policy decisions.
Fed Hike and Yields Drive Thursday’s Global Markets
A unanimous Fed rate hike and climbing Treasury yields set the tone for Thursday's volatile global trading session ahead.
European Stocks Rally as Bond Markets Hold Steady
European stocks opened firmly higher Thursday as stabilising bond yields and falling oil prices gave markets room for a relief bounce.
- Market News
Recent Market News Headlines
Bond Market Selloff Drives Sharp European Stock Losses
Surging bond yields and climbing oil prices hammered European stocks at the open Thursday, deepening the global risk-off selloff further.
Eurozone Manufacturing PMI Hits Four-Year High in September
Eurozone manufacturing activity reached a four-year high in September, but accelerating price pressures complicated the outlook for ECB policy decisions.
Fed Hike and Yields Drive Thursday’s Global Markets
A unanimous Fed rate hike and climbing Treasury yields set the tone for Thursday's volatile global trading session ahead.
European Stocks Rally as Bond Markets Hold Steady
European stocks opened firmly higher Thursday as stabilising bond yields and falling oil prices gave markets room for a relief bounce.
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Gold Surges, US Dollar Stumbles: A Preview of the Upcoming Week
Market NewsDecember 25, 20231 Mins read 
Upcoming market trends: Gold surges, US Dollar stumbles, and positive sentiment in US equity markets shape the week ahead.
In the upcoming week, market dynamics are set for noteworthy shifts as Gold experiences a surge, the US Dollar declines, and GBP/USD and EUR/USD showcase resilience.
The US dollar remains in flux as traders anticipate an aggressive series of rate cuts in the coming year. The decline in US Treasury yields exposes the vulnerability of the US dollar against various other currencies. Recent economic indicators, including Thursday’s disappointing US GDP figures and Friday’s below-expectation core PCE readings, have contributed to the downward trajectory of the US dollar.
Gold Surges, US Dollar Stumbles: A Preview of the Upcoming Week
Gold witnessed a significant uptick following the release of US economic data, reaching $2,070/oz. On Friday, though, it retraced some gains after that. A weakened US dollar and lower US Treasury yields enhance Gold’s attractiveness. Market observers anticipate a fresh attempt to reach the December 4th spike high of $2,147/oz in early 2024.
Retail trader data reveals that 59.65% of traders are net-long, with a long-to-short ratio of 1.48 to 1. The number of traders net-long has decreased by 6.22% compared to the previous day but is 1.59% higher than the last week. Meanwhile, the number of traders net-short has increased by 2.46% compared to the previous day and is 5.68% higher than the last week.
US equity markets continue to capitalize on the prevailing risk-on sentiment, concluding Friday just below recent multi-year highs. In the equity space, positive sentiment prevails, and market participants anticipate various indices to experience a renewed upward push as trading resumes at the beginning of January. Investors will closely monitor these trends for potential opportunities and risks in the financial markets in the upcoming week.
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Related Articles
Bond Market Selloff Drives Sharp European Stock Losses
Surging bond yields and climbing oil prices hammered European stocks at the...
Eurozone Manufacturing PMI Hits Four-Year High in September
Eurozone manufacturing activity reached a four-year high in September, but accelerating price...
Fed Hike and Yields Drive Thursday’s Global Markets
A unanimous Fed rate hike and climbing Treasury yields set the tone...
European Stocks Rally as Bond Markets Hold Steady
European stocks opened firmly higher Thursday as stabilising bond yields and falling...
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