Market Update

Oil prices fell on Wednesday ahead of the Federal Reserve’s expected rate hike, but expectations of a decline in US crude inventories and European sanctions on Russian oil limited losses. Brent crude fell 56 cents, or 0.6 percent, to $ 94.09 a barrel by 1027 GMT, while US West Texas …

The Kremlin said on Wednesday that it is still in contact with Turkey over the Ukraine grain deal but that Russia’s participation is currently suspended. Russia suspended its participation in the deal at the weekend, saying it could not guarantee the safety of civilian ships crossing the Black Sea due …

Japan’s Nikkei index ended Wednesday’s trading in the Tokyo Stock Exchange little changed amid weak trading ahead of the Federal Reserve’s decision on interest, which would also give clues to the bank’s future policy path. Still, investors were keen to buy Sony Group shares in light of strong expectations. Nikkei …

US Treasury yields helped high-yielding assets to advance early on Tuesday, with the American dollar edging lower throughout the first half of the day. The yield on the 10-year Treasury note pulled down to 3.92%, and the USD tends to slide when it breaks below the 4% threshold ahead Yields …

The Bank of Japan’s minutes for the September meeting minutes are released early Wednesday denoting that few members said need to be watchful to the impact of monetary tightening by some central banks could have on global markets. Members agreed Japan’s economy is picking up. Several members said weak yen …

“We expect our policy rate will need to rise further”, said Bank of Canada (BoC) Governor Tiff Macklem. Macklem also noted that how much further rates go up will depend on how monetary policy is working, how supply challenges are resolving and how inflation is responding to this tightening cycle.“We …

The New Zealand Employment Change that is released by Statistics New Zealand as a measure of the change in the number of employed people in New Zealand has put a slight bid into the country’s dollar, with the headline data beating expectations:NZD/USD has risen from a low of 0.5835 to …

The US Dollar Index can explain Tuesday’s “hanging man” candlestick pattern to record mild losses ahead of the key FOMC’s policy decision on Wednesday.The US Dollar Index (DXY) renews its intraday low around 111.40, mildly offered while extending the previous day’s losses, as traders await the result of FOMC meeting …

According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. “We should start shrinking our bond portfolio at …

The EUR/USD pair sits back into neutral territory as markets get prepared for the Fed’s policy decision. Traders are on look out for a pivot in the chair’s tone.The EUR/USD is sitting tight in mas investors await the outcome of the Fed this week while investors worry over a potential …