Wall Street was dragged lower by losses in growth and healthcare equities during the final trading day of a tough year, which was marked by aggressive stance and recurrent interest-rate hikes to keep inflation under control in addition to the ongoing Russia-Ukraine war and recession woes.The losses made communication services, …
Read More »Natural gas leads 2022 commodities rally
Natural gas markets were expected on Friday to end 2022 with strong gains after a global energy crisis triggered by the Russia-Ukraine war stoked prices, and tighter supplies expected in 2023 could fuel more gains.On the other hand, industrial metals, iron ore and rubber are edging lower and expected to …
Read More »Gold unable to consolidate above $1,820
Gold prices are able to print new highs on Friday, but have difficulties holding above the $1,820 level, while silver hits fresh lows. Volatility prevails during the final hours of 2022 across financial markets.Gold prices are hovering around $1,820 about to end 2022 practically flat for an eventful year. On …
Read More »Market Drivers – US Session 29/12/2022
Amid thin market conditions, the US Dollar retreated on Thursday. Positive market sentiment madde a very good day for US equities. Key DevelopmentsChinese news headlines triggered several market reactions. On Wednesday, financial markets were on alert after Italy reported that roughly 50% of the passengers of two flights arriving in …
Read More »Explainer: What is behind current light to thin market trend
Most trading has been done for almost three days now amid ”Thin Market” that can be typically defined as a “period when there is a low number of buyers and sellers, they can be even only a minimum whether it is for a single stock, a whole sector, or the …
Read More »USD/CHF hovers around nine-month low on weaker dollar
On Thursday, The USD/CHF pair revisits multi-day low, last seen in March, amid broader US dollar’s decline. The positive market sentiment, in addition to the Treasury bond yields, in he red territory, have together impacted the American currency.The pair is trading at the time of writing versus the previous closing …
Read More »A Good Trading Day: Wall Street Closes Firmer Amid Thin Trading
All 11 S&P 500 sector indexes surged on Thursday, with communication service and technology as the biggest winner with gains of nearly 3%.Wall Street’s main indexes closed higher on Thursday, led by growth stocks amid thin trading conditions, as US jobs data signaled the Fed’s interest rate hikes started to …
Read More »Gold aspires to $1817 on retreating T-yields, weaker USD
The price of gold holds its latest gains above $1,816 amidst thin liquidity conditions. The worse-than-expected Initial Jobless Claims data that failed to support the US dollar on Thursday. The US Department of Labour said that Initial Jobless Claims for the week ended on December 24 jumped to 225K, and …
Read More »Oil weakens amid thin trading on China uncertainty
Oil prices fell by more than one dollar on Thursday, as more countries ponder new restrictions on flight passengers coming from Chinese airports. This news is raising concerns over demand during a prevalent state of uncertainty about COVID-19 infections spreading in China.Conflicting headlines about demand from top oil importer China …
Read More »After FTX’s collapse, could Solana survive in 2023?
SOL price is down 94.8% over the past year, the altcoin is under extraordinary pressure while striving to recover from the real crisis after FTX’s collapse. Solana is battling scrutiny from critics who argue that SOL price appreciation was driven by Bankman-Fried’s marketing efforts. Solana network was championed by Samuel …
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