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    21 August 2023
    Week Ahead: Markets to Focus on Manufacturing PMI and Services PMI

    This week, key economic players such as Germany, the UK, and the US will publish their flash manufacturing PMI and flash services PMI figures. These releases have the potential to impact market volatility. We advise traders to stay cautious and …

    18 August 2023
    Stock Market Slides as Rates Rise and Earnings Data Digs In

    The stock market endured its third consecutive session of decline as investors grappled with the latest earnings reports and economic indicators, compounded by a surge in interest rates to new highs. The Dow Jones Industrial Average experienced a notable drop …

    17 August 2023
    Stocks Slide as Fed Meeting Minutes Suggest Potential Rate Hike Amid Inflation Concerns

    Stock markets experienced declines on Wednesday as investors absorbed insights from the Federal Reserve’s July meeting, which hinted at the possibility of raising interest rates. The Dow Jones Industrial Average dropped by 0.52%, concluding at 34,765.74, while the S&P 500 …

    16 August 2023
    Stocks Slide as Fed Meeting Minutes Suggest Potential Rate Hike Amid Inflation Concerns

    Stock markets experienced declines on Wednesday as investors absorbed insights from the Federal Reserve’s July meeting, which hinted at the possibility of raising interest rates. The Dow Jones Industrial Average dropped by 0.52%, concluding at 34,765.74, while the S&P 500 …

    16 August 2023
    Stock Market Slumps Amid Global Economic Concerns and Banking Sector Weakness

    Stock markets experienced a significant decline on Tuesday, driven by mounting apprehensions about the global economy, particularly China, and a downturn in the U.S. banking sector. The Dow Jones Industrial Average dropped by 361.24 points, or 1.02%, closing at 34,946.39, …

    15 August 2023
    US Stocks Rebound as Tech and Chip Sectors Drive Gains, Amidst Mixed Market Trends

    On Monday, US stocks rebounded with the S&P 500 and Nasdaq Composite both gaining ground. The broader market index rose 0.58%, closing at 4,489.72, while the Nasdaq surged by 1.05% to end at 13,788.33. In contrast, the Dow Jones Industrial …

    14 August 2023
    Week Ahead: Markets to Focus on RBNZ Rate Statement and US Retail Sales

    Important economic events will have a significant impact on the forex market this week. Keep an eye out for the Reserve Bank of New Zealand’s (RBNZ) Rate Statement and the US data for retail sales. This information could greatly influence …

    11 August 2023
    Dow Edges Higher on Disney Rally and Moderate Inflation Data

    The Dow Jones Industrial Average saw a modest increase on Thursday, propelled by a surge in Disney’s stock following their post-earnings announcement of a price hike for ad-free Disney+ subscriptions. The market was also buoyed by a key inflation report …

    10 August 2023
    Stocks Decline Ahead of Inflation Data and Earnings Reports

    On Wednesday, the stock market witnessed a downward shift as investors braced themselves for upcoming inflation data and evaluated a series of diverse earnings reports. The Dow Jones Industrial Average concluded the trading session with a loss of 0.54%, shedding …

    9 August 2023
    Moody’s Downgrade Sparks August Sell-Off: Banking Sector Hit, Markets in Turmoil

    Stocks experienced a renewed downward trend on Tuesday, triggered by a credit rating downgrade of the banking sector from Moody’s in the midst of an August selloff. The Dow Jones Industrial Average closed with a loss of 158.64 points, or …