Market Update

Moody’s reported on second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Moody’s announced earnings per share of $2.22 on revenue of $1.38B. Moody’s shares are down 5% from the beginning of the year, still down 28.77% from its 52-week high of $407.94 set on November …

European shares rose to a seven-week high on Thursday as some concerns about the pace of the Federal Reserve’s rate hike dissipated while strong business results for companies, including Shell, supported buying. And the Federal Reserve (the US central bank) raised the interest rate by 75 basis points, as expected, …

The dollar fell to a three-week low against the yen on Thursday after US Federal Reserve Chairman Jerome Powell calmed investor concerns about continued monetary tightening. The dollar fell to 135.105 yen to the dollar, its lowest since July 6, after the US central bank raised the key interest rate …

Oil rose more than a dollar a barrel on Thursday, extending gains from the previous session, supported by improved risk appetite among investors, while prices were supported by a decline in US crude inventories and a recovery in gasoline demand in the United States. Brent crude futures for September delivery …

The fears of the US economic slowdown as portrayed by the US Treasury yield curve appeared to have recently creeped among the optimists. US government bond market is sending a fresh batch of signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation could result in recession. …

It has been a big Wednesday for gold. FOMC decision should help convince Wall Street that a peak in Treasury yields (10-year) is in place. The Fed is still committed to fighting inflation and the market is getting very close to pricing in peak tightening.Gold looks like it could continue …

The US government bond market is sending new signals that investors are increasingly convinced the Fed’s aggressive actions to tame inflation will result in recession.While Fed Chair Jerome Powell on Wednesday said that he does not see the economy currently in a recession, spreads between different pairings of Treasury securities …

Nord Stream 1 pipeline’s reduced gas flows via the was a significant factor that added more complication to the EU’s plan to fill gas storage units across the continent. The EU’s goal as a whole is to replenish its gas storage to 80 percent full by the end of October. …

The AUD/USD pair is moving through a critical level on the daily chart (see below) and has reached a high of 0.7000 following a dovish outcome at the Federal Reserve. AUD/USD has climbed by over 0.8% on the day so far from a low of 0.6911 to a high of …

The USD/CAD pair remains pressured around six-week low, keeps Fed-inspired bearish bias despite oil’s pullback. Fears of US recession also recently poked bears even as Fed’s Powell favored sellers.USD/CAD bears approach 1.2800 while extending the post-Fed losses during Thursday’s Asian session. In doing so, the Canadian dollar ignores a pullback …