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Market Analysis

June, 2022

  • 10 June 2022 2:38 am

    Treasury Yields jump ahead of inflation data

    US government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary pressures-linked concerns ahead of the awaited CPI data. Earlier, this week, Treasury Secretary Janet Yellen acknowledged that the United States is currently facing “unacceptable levels of inflation.”To contain it, the Federal Reserve has enacted 75 bps …

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  • 10 June 2022 1:18 am

    Sec Yellen: Don’t think US is going to have a recession

    Speaking at a New York event, US Treasury Sec. Janet Yellen explained that she does not think the US is going to have a recession. Earlier, this week, Sec Janet Yellen told Congress that the US is facing “unacceptable levels of inflation” on Tuesday as the treasury secretary defended herself …

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  • 10 June 2022 12:23 am

    NZD/USD slides to fresh lows as US inflation data awaited

    New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …

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  • 9 June 2022 11:16 pm

    USD/JPY Retreats from two-decade highs towards 134.00s

    The USD/JPY pair has dipped towards 134.00 as buyers book profits ahead of Friday’s US CPI. Market sentiment is still negative as US equities record losses.The pair retreats from 2-decade highs around 134.55 but is trimming substantial losses, and albeit losing 0.09%, is preparing for a test of the 135.00 …

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  • 9 June 2022 10:28 pm

    Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns

    The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …

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  • 9 June 2022 9:31 pm

    CPI Index Preview: Is there any room for policy surprise?

    The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …

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  • 9 June 2022 8:46 pm

    US Equities Retreat, Growth Stocks Struggle Amid Rising T-Yields

    Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …

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  • 9 June 2022 7:56 pm

    EUR/USD drops to one-week lows on stronger US dollar

    The Euro came under pressure after ECE meeting despite higher yields. On the American front, the US dollar gains momentum as market sentiment deteriorates.The EUR/USD pair has dropped further during the US trading session and bottomed at 1.0643 touching the lowest level in a week amid a stronger US dollar …

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  • 9 June 2022 7:14 pm

    Gold remains vulnerable ahead of Friday’s CPI data

    Gold price witnessed some selling on Thursday amid a further rise in the US bond yields. Hawkish central banks further contributed to driving flows away from the commodity. A softer risk tone, modest USD downtick extended some support and helped limit losses.Gold Price edged lower on Thursday and was last …

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  • 9 June 2022 5:58 pm

    US: Weekly Initial Jobless Claims rise to 229K

    There were 229,000 initial jobless claims in the week ending on 4 June, above the prior week’s reading of 202,000 and expectations for a rise to 210,000. That pushed the four-week average higher to 215,000 from 207,000 a week earlier. 

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  • 9 June 2022 4:52 pm

    Lagarde: Inflation has broadened, is undesirably high, and is a major challenge

    Inflationary pressures are expanding and have remained undesirably high, which is a major challenge; Lagarde added that economic activity would be affected in the short term due to higher energy costs as the wars in Ukraine and recent lockdowns in China have made the supply chain in a worse. Lagarde …

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  • 9 June 2022 4:10 pm

    ECB Press Conference: Lagarde speech live stream

    Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook at a press conference at 12:30 GMT.

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  • 9 June 2022 3:48 pm

    ECB leaves rates unchanged at -0.50% as expected

    On Thursday, the European Central Bank’s (ECB) governing council decided to keep its benchmark deposit rate at -0.50%, as unanimously expected by market participants. The bank also said that it intends to raise interest rates by 25 bps at the July meeting, after having ended its Asset Purchase Programme (APP) …

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