The dollar settled near its lowest level in 16 weeks against a basket of major currencies on Friday, ahead of key data related to the labor market in the United States, while the yuan is heading to record its biggest weekly gain since China revalued its currency in 2005. The …
Read More »European shares at a one-month high, supported by strong earnings results
European stocks surged on Tuesday, reaching their highest level in over a month, buoyed by robust ea…
Japan’s Nikkei closed at a 3-week high
On Tuesday, Japan’s Nikkei index surged over 1 percent, reflecting improved investor sentiment…
Japanese yen declines despite continued fears of state intervention
On Tuesday, the yen continued its decline against the dollar, influenced by interest rate differenti…
Oil rises after Israeli strikes on Rafah and the continuation of truce talks
Oil prices climbed on Tuesday following reports of Israeli airstrikes on the Gaza city of Rafah, wit…
Gold rises with US rate cut bets and the Middle East conflict
Gold Prices Rise on Rate Cut Bets and Safe-Haven Demand Amid Gaza Uncertainty Gold prices climbed on…
Market Drivers, US Session, May 6
As traders examined Fed interest rate cut bets, gold prices rose above $2,300 per troy ounce. After …
What is behind Gold’s Ascending Uptrend: Key Factors, Market Insights
Gold prices have recently surged to historical levels, mainly capitalizing on several factors that h…
Oil rises amid escalating Middle East tensions
Oil prices closed trading on Monday in an upward direction, supported by the escalating tensions in …
RBA’s Causiously Handling Inflation, Growth, AUD
The Reserve Bank of Australia is at a turning point in history, and both the financial markets and p…
US dollar opens new trading week lower
The U.S. dollar continues its decline since the start of Monday’s trading, influenced by employment …
Market Analysis
December, 2022
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2 December 2022 5:11 pm
The dollar is near a 16-week low, and the yuan is heading for its biggest weekly gain since 2005
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2 December 2022 3:01 pm
European stocks are heading for gains for the seventh week
European stocks seem to be heading for gains for the seventh week in a row amid easing fears of tightening monetary policy globally. However, stocks fell on Friday ahead of the release of US jobs data. The pan-European Stoxx 600 index fell 0.5 percent after two days of strong gains. …
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2 December 2022 1:17 pm
Oil prices fluctuated with the expectation of easing Corona restrictions in China
Oil prices witnessed volatile performance on Friday, as hopes for further easing of Coronavirus restrictions in China and the subsequent recovery in demand in the world’s second-largest economy boosted market sentiment, but the rise of the dollar limited the gains. Brent crude futures fell 1 cent, or 0.01%, to $86.87 …
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2 December 2022 11:57 am
US NFP Preview
The US Bureau of Labor Statistics (BLS) will release the November jobs report on Friday, December 2 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 4 major banks regarding the upcoming employment data. Expectations are for …
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2 December 2022 10:39 am
Gold is heading towards the best weekly performance in three weeks
Gold prices fell on Friday before the announcement of important US jobs data. However, they are still on track to record the best weekly performance in three weeks, with the dollar weakening due to expectations of a slowdown in the rate hike at the Federal Reserve and indications of declining …
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2 December 2022 10:12 am
Oil is falling but still in the way to record weekly gains
Oil prices fell in early Asian trade on Friday after the dollar recovered some of its losses, while the easing of anti-COVID-19 restrictions in two Chinese cities limited losses. By 0128 GMT, Brent crude futures fell 11 cents, or 0.1 percent, to $86.77 a barrel, while West Texas Intermediate crude …
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2 December 2022 3:12 am
Market Drovers -US Session 1/12/2022
The US Dollar kept extending its decline to multi-month lows against most of its major rivals amid persistent optimism and weak US data, in addition to the general mood triggered by Fed’s signls concerning tightening the US monetary policy at a slower pace.On Friday, the US will publish the Nonfarm …
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2 December 2022 1:00 am
Dollar Falls, Wall Street Mixed Ahead of NFP data
The performance of US shares is mixed on Thursday as a selloff in Salesforce impacted the Dow Jones, while traders are busy; digesting a fresh batch of US economic data which generally indicate that the Fed’s interest rate hikes are working towards their aspired target.On Wednesday, US manufacturing activity shrank …
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1 December 2022 11:45 pm
NFP Preview: Jobs could surge by 208,000
On Friday, all eyes will be on the US non-farm payrolls reading during the first week of a new month. The all-important data will be attentively watched by all market players to see whether the aggressive rate-rising policy of the US central bank is knocking the labour market which has …
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1 December 2022 10:23 pm
USD/CAD fluctuates following US manufacturing data
The USD/CAD pair stopped its slump following US data that signaled further retreating economic activity in United States.The weaker-than-expected US ISM Manufacturing PMI triggered a fresh wave of Risk aversion in addition to comments by Fed’s Bowman who said there’s work to do by the US central bank.The USD/CAD pair …
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1 December 2022 8:52 pm
Estonia’s Hawkish stance pressured amid talks to cap Russian oil
Estonia is holding a hawkish stance insisting that capping the prices of oil to a level could have no impact on Russia’s war.Estonia is pressured by other EU member states in order not to go forward with the nation’s threat to veto a US-proposed cap on the price of Russian …
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1 December 2022 7:53 pm
ISM Manufacturing PMI drops to 49 in November vs. 49.8 expected
The ISM Manufacturing PMI dropped into contraction territory below 50 in November according to the latest data released on Thursday.US Dollar Index continues to push lower, losing more than 1% on the day. The Dollar seems under constant selling pressure following this report and the US Dollar Index was last …
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1 December 2022 7:05 pm
US Dollar Is Losing On Comments By Fed’s Bowman
Fed Governor Michelle Bowman said on Thursday that the headline and core inflation slightly slowed down but the latest readings are still unsatisfactorily high. Bowman also expects ongoing increases in rate hikes at coming meetings. According to her, policymakers still have a lot of work to do but it is …
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