Data released on Thursday showed higher-than-expected inflation numbers with the annual CPI hitting the highest level since 1982. The upside surprise, even as areas like energy goods and autos cooled as expected, illustrates that inflation continues to carry plenty of momentum, and any meaningful slowdown remains elusive, explained analysts at …
Read More »Markets Await Key Job Reports as Hopes Rise for End to U.S. Government Shutdown
The U.S. dollar started the week without a clear direction as investors grew more optimistic about a…
U.S. Shutdown Deal Nears Finish Line, But Health Care Fight Still Looms
Congress appears to be nearing the end of the longest government shutdown in American history, as Se…
Dow Jones Eyes Recovery as Government Shutdown Hopes Lift Markets
The Dow Jones Industrial Average started the week holding steady near the 47,000 mark, as investors …
Gold Shines as Market Optimism Rises Amid US Dollar Recovery
Gold surged at the start of the week, climbing above $4,090 per ounce, as investors weighed easing e…
Bitcoin Steadies as Optimism Grows Over U.S. Regulatory Shift
Bitcoin held steady above the $105,800 mark, showing daily surge of 1,09%, after weeks of sharp swin…
Fed’s Miran Says Inflation Is Easing, Backs Continued Rate Cuts
Federal Reserve Governor Stephen Miran expressed optimism about the U.S. inflation outlook, stating …
US Dollar Steadies as Senate Moves to Avert Government Shutdown
The US dollar held firm on Monday after the Senate approved a short-term funding bill to keep the go…
Euro Steadies Ahead of Key Sentiment Data
The euro started the week on a calm and steady note, holding on to last week’s gains as traders awai…
U.S. futures surge as Senate advances shutdown deal; tech eyes relief, TSMC steadies AI mood
U.S. stock futures jumped Monday after the Senate cleared a key procedural hurdle toward ending the …
European stocks rally on shutdown-end hopes; Diageo soars on new CEO, tech leads rebound
European equities climbed Monday, mirroring a brighter global tone as signs emerged that the histori…
Market Analysis
February, 2022
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10 February 2022 8:38 pm
How Does CPI Data Influence Financial Markets?
US consumer prices have surged well above expectations, raising further concerns about price pressures and pushing investors in global financial markets toward expectations and bets that the Fed will raise interest rates in March to levels that exceed current expectations.The annual US Consumer Price Index (CPI) is 7.5% higher than …
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10 February 2022 7:56 pm
Gold Price Rebounds Sharply As USD Tumbles
Gold prices bounces sharply on a volatile session. Following CPI data, XAU/USD tumbled to $1821, hitting a two-day low. A few minutes later, it rebounded above $1830, approaching weekly highs. The rebound suggests some underlying strength, but it needs to break firm above $1835 to open the door to more …
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10 February 2022 6:33 pm
Market Drivers – European Session 10-2-2022
The US data was the highlight during the previous period. There were 223,000 initial claims for unemployment benefits in the US during the week ending February 5, the data published by the US Department of Labor revealed This reading came in better than the market expectation of 230,000. Inflation in …
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10 February 2022 5:33 pm
US Annual CPI Inflation Jumps to 7.5% in January
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 7.5% on a yearly basis in January from 7% in December, the US Bureau of Labor Statistics reported on Thursday. to be updated…
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10 February 2022 5:32 pm
OPEC leaves Full-Year 2022 World Oil Demand Growth Unchanged
The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report that it left the 2022 world oil demand growth forecast unchanged at 4.15 million barrels per day (bpd), as reported by Reuters. Crude oil prices showed no immediate reaction to this publication and the barrel of …
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10 February 2022 4:54 pm
Oil Rises as US Inventories Fall And Concerns Persist Over Talks With Iran
Oil prices continued to rise on Thursday after a sudden drop in US crude oil inventories in the previous session, while investors awaited the outcome of US-Iran nuclear talks that could lead to a rapid increase in crude supplies in global markets. The price of Brent crude rose 34 cents, …
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10 February 2022 3:53 pm
Gold is Confined to a Narrow Range Ahead of The Release of US Inflation Data
Gold prices fluctuated within a limited range on Thursday, after hitting a two-week high earlier in the session, as investors awaited US inflation data for indications of the Federal Reserve’s next step towards tightening monetary policy. And the gold price settled in spot transactions at $ 1832.09 an ounce by …
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10 February 2022 2:12 pm
European Shares Rise After Strong Gains For Siemens
European shares extended gains on Thursday, a day after achieving their best session since the beginning of the year, boosted by the rise of German shares that received a boost from strong quarterly earnings growth for Siemens. Siemens shares jumped 7.3 percent after the company said it was seeing “extraordinary” …
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10 February 2022 12:37 pm
Japan Shares Rise Supported by Strong Gains in The Technology
Japanese stocks rose on Thursday as technology shares followed their peers that made solid gains on Wall Street late Wednesday, although caution ahead of US data releases weighed on investor sentiment. The Nikkei index rose 0.42 percent to close at 27,696.08 points, after jumping more than one percent earlier in …
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10 February 2022 5:23 am
Market Drivers – US Session- 9 February
Easing government bond yields weighed on the US dollar, which anyway ended the day with mixed performance across the major currencies. The yield on the US 10-year Treasury note stands at around 1.93%, down from its weekly peak at 1.97%. The GBP/USD pair is unchanged on a daily basis trading …
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10 February 2022 5:13 am
Wti Steadies At Five-Week Support Line
WTI keeps the previous day’s bounce from short-term key supports around $89.00 during Thursday’s Asian session.Oil grinds higher towards the weekly resistance line, near $89.65 at the latest. Although a clear rebound from the 10-DMA and an upward sloping trend line from January 03, 2022, keeps buyers hopeful to overcome …
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10 February 2022 4:02 am
Does Bitcoin’s Surge Signal Greater Risk Appetite?
Bitcoin and other cryptocurrencies advanced on Wednesday, reversing an earlier pullback. Stocks were also higher, partly due to the decline in Treasury bond yields.Trading volume is starting to tick higher, but still below January highs. Most cryptocurrencies have been significant gainers in the last 24 hours, potentially signaling the market’s …
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