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Market Analysis

May, 2022

  • 10 May 2022 8:17 pm

    Fed’s Mester doesn’t rule out 75 bps hike forever

    Cleveland Fed President Loretta Mester said on Tuesday that Fed policymakers do not downplay the likelihood of a 75 basis points rate hike forever.Key Quotes“Pace we are going right now seems about right.”“Aim is to use tools to get demand in better alignment with supply.”“But I don’t want to rule …

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  • 10 May 2022 7:31 pm

    EU’s Mora Visiting Tehran For Coordinating Vienna Talks

    Chief of European Union Foreign Policy, Enrique Mora is visiting Tehran in order to hold meetings on nuclear talks between the US, other Western powers, Russia and Iran. Mora said he is to work on closing the remaining gaps as negotiations continue. Talks, which are aimed at returning both the …

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  • 10 May 2022 5:17 pm

    Gold rises as the dollar’s rise stops

    Gold rose on Tuesday as the dollar stabilized, prompting some investors to buy the precious metal ahead of the release of US inflation data that may influence the Federal Reserve’s decision on interest rates. And gold rose in spot transactions 0.3 percent to $ 1859.05 an ounce (an ounce) by …

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  • 10 May 2022 4:19 pm

    Macron spoke with the Prime Minister of Hungary about the Russian oil embargo

    French President Emmanuel Macron spoke by phone with Hungarian Prime Minister Viktor Orban about completing the European Union’s proposal to ban all Russian oil imports as part of the sixth package of sanctions targeting Russia, the French presidential palace said on Tuesday. “There are contacts at all levels to ensure …

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  • 10 May 2022 2:53 pm

    Oil prices decline due to economic concerns and the rise of the dollar

    Oil prices fell in volatile trading on Tuesday as markets weighed the impact of European Union sanctions on Russian oil with demand concerns stemming from China’s COVID-19 lockdown measures, a strong dollar and recession fears. By 0924 GMT, Brent crude prices fell 88 cents, or 0.8 percent, to $105.06 a …

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  • 10 May 2022 1:40 pm

    The Turkish lira fell to 15.16 against the dollar

    The Turkish lira fell another 0.4 percent against the dollar on Tuesday, extending its losses the previous day and returning to lows hit in late December after a series of interest rate cuts. The lira fell to 15.1620 per dollar by 0630 GMT from 15.09 at the close on Monday. …

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  • 10 May 2022 1:10 pm

    European stocks recoup some of their losses

    European Stocks

    European shares rebounded from two-month lows on Tuesday with broad-based gains backed by bargain-hunting after heavy selling on fears of slowing economic growth. By 0717 GMT, the pan-European Stoxx 600 index rose 0.9 percent, after closing on Monday at its lowest level since early March. Stock prices were hit globally …

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  • 10 May 2022 12:39 pm

    Japanese stocks fall, but Wall Street’s recovery limits losses

    Japan’s Nikkei fell for the second day in a row on Tuesday, but avoided bigger losses as investors started buying back shares in hopes of higher prices after US stocks rebounded Monday night. The index closed down 0.58 percent to 26,167.10 points, after trimming its losses in overnight trading, supported …

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  • 10 May 2022 2:44 am

    Market Drivers – US Session – Monday 9 May

    Risk aversion dominated financial markets at the beginning of the trading week. Global stocks edged lower, while government bond yields soared during European trading hours, giving up some ground ahead of Wall Street’s close.The negative market sentiment came from the usual suspects. High inflation levels, increasing coronavirus cases, and tensions …

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  • 10 May 2022 2:23 am

    Hungary’s Orban Stalls EU Oil Embargo On Russia

    EU Commission chief von der Leyen’s plan to travel to see Hungary’s Orban yielded no breakthrough. The president of the European Commission has wanted Hungary to agree to stop importing Russian oil, but eventually failed to reach agreement with Hungary on Monday to secure the country’s backing for an oil …

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  • 10 May 2022 2:07 am

    Gold bounces nearer $1,850 as investors await US inflation

    The Gold Price Index has witnessed a minor bounce after slipping near the previous week’s low at $1,850.47. A minor receptive buying has been observed but value buying can drive the precious metal higher. The bright metal has displayed a sheer downside on Monday amid broader strength in the US …

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  • 10 May 2022 1:46 am

    Growth Concerns, Strong USD Drive Investors Away From Metals

    A week that saw a continued deterioration in the global growth outlook driven by extended China lockdowns, a stronger dollar and increasingly aggressive rate hike signals from members of the US Fed. The week highlighted how traders positioned themselves ahead of last Wednesday’s FOMC meeting. During the week US ten-year …

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  • 10 May 2022 1:15 am

    USD/CAD Touches Lowest Level Since Nov 2020

    The USD/CAD pair is ending on North America session in the green territory by 0.8% following a final thrust to the upside in the US dollar. This development has taken the Canadian dollar to its lowest level since November 2020 amid rising concerns about the global economy and fears of …

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