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Market Analysis

June, 2022

  • 1 June 2022 1:42 pm

    Euro area Unemployment Rate stays unchanged at 6.8% in April

    The monthly data published by Eurostat showed on Wednesday that the Unemployment Rate in the euro area and the EU stayed unchanged at 6.8% and 6.2%, respectively, in April. Markets were expecting the euro area Unemployment Rate to edge lower to 6.7%.

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  • 1 June 2022 1:30 pm

    Japanese stocks rise as auto stocks rise, boosted by strong earnings expectations

    Japanese stocks rose on Wednesday, supported by a rebound in the auto sector after a report by analysts gave positive expectations for the sector’s profits, but limited cautious gains in trading ahead of the monthly data on US employment in the non-farm sectors. The Japanese Nikkei index rose 0.65 percent …

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  • 1 June 2022 12:39 pm

    European shares rise slightly thanks to the rise of banking and auto shares

    European Stocks

    European shares opened slightly higher on Wednesday, boosted by a rally in bank and auto stocks, but negative data raised fears of slowing economic growth and capped gains. The pan-European STOXX 600 index started the month higher, adding 0.3% by 0716 GMT, after closing down 0.7% on Tuesday, as the …

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  • 1 June 2022 3:34 am

    Market Drivers – US Session – 31 May

    US President Joe Biden plotted inflation-fighting strategy, on Tuesday, during his meeting with the Fed Chair Jerome Powell. Biden reportedly focused on relentlessly surging prices, with the destiny of the US economy and his own political prospects increasingly dependent on the actions of the government’s central bank. Biden’s endorsement of …

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  • 1 June 2022 3:13 am

    GBP/JPY benefits of mixed sentiment

    The sterling gains against the Japanese yen, despite risk-off market sentiment that typically benefits the Japanese yen, but the rally in the USD/JPY pair weighed on the yen. The GBP/JPY gains some 0.20% as the Asian Pacific session begins. As for market sentiment, it begins to shift to positive but …

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  • 1 June 2022 2:58 am

    Secretary Yellen: I was wrong about the path inflation would take

    US Treasury Secretary Janet Yellen said during a CNN interview on early Wednesday “Inflation is number one concern for President Biden”.Financial markets are digesting Yellen’s comments amid a generally quiet early Asian session. The AUD/USD pair pauses the day-start recovery moves around 0.7180.Key QuotesI was wrong about the path inflation …

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  • 1 June 2022 1:12 am

    Key Points On Biden-Powell Meeting’s Agenda

    US President Joe Biden plotted inflation-fighting strategy, on Tuesday, during his meeting with the Fed Chair Jerome Powell. Biden reportedly focused on relentlessly surging prices, with the destiny of the US economy and his own political prospects increasingly dependent on the actions of the government’s central bank.Tuesday’s meeting was the …

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  • 1 June 2022 12:15 am

    AUD/USD Struggles Ahead Of Chinese PMIs Data, Australian GDP

    The Australian dollar has slid from weekly highs above 0.7200 amid a trading day with relatively sour market sentiment with negative impact around the end of May flows that enhanced the US dollar while US Treasury yields exhibit some momentum.AUD/USD pair has retreated during the US session, from weekly highs …

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May, 2022

  • 31 May 2022 11:15 pm

    US equities retreat as Biden-Powell meeting in focus

    Investors do not seem so much worried about US President Joe Biden’s meeting with Fed Chair Jerome Powell, on Tuesday. Biden is urging the Fed to keep its focus on ways to control US inflation as a message to markets that inflation fighting has become the highest priority of the …

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  • 31 May 2022 10:22 pm

    OPEC members ponder output increase, exempting Russia

    OPEC

    The OPEC+ group of producers continues to underproduce, which had taken the sting out of the highly anticipated 430k bpd output hike this month.While there are no formal plans to push OPEC to increase oil output, some members have plans for so doing particularly given that Russian output is likely …

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  • 31 May 2022 9:38 pm

    EUR/USD falls from weekly highs on stronger US dollar

    The EUR/USD reached new weekly lows below 1.0700 despite the EU inflation breaking above the 8% threshold. The euro retreats during the American session but bounced off daily’s lows in a high volatility trading session that witnessed the EUR/USD rallying near 1.0780 and falling to 1.0678, but is stabilizing. At …

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  • 31 May 2022 9:04 pm

    US mortgage rates can’s slow home prices

    Higher mortgage rates did a little to stop home price momentum in March. US home values leaped by 20.6% in March from the year before, according to the S&P CoreLogic Case-Shiller national home price index, up from a 20% increase in February and marking the largest year-over-gain in the index’s …

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  • 31 May 2022 8:21 pm

    Eurozone inflation highest since 1999

    The economic consequences of Russia-Ukraine conflict include price surge in Germany hitting a record and inflation in Estonia topping 20 percent. In Spain, the annual inflation has reached 8.5 percent.In Germany, starting June, for example, the government will offer reductions for the price of gas at the pump and a …

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