Oil prices rose more than 1% on Tuesday, paring losses incurred in the previous session, while the dollar slipped to reduce the impact of sweeping restrictions to combat Covid-19 in China, stoking fears of slowing fuel demand in the second-largest crude consumer in the world. the scientist. Brent crude futures …
Read More »Wall Street Slips as Walmart Warning, Jobless Claims Spark Economic Fears
The Dow Jones Industrial Average plummeted over 1.40% to 43,980 on Thursday as investors grappled wi…
Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or p…
Looming Impact of Fresh EU Sanctions on Commodities Expected
The European Union’s latest round of sanctions against Russia, the sixteenth since the invasio…
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox …
Fed Official Flags Upside Inflation Risks, Warns of Stagflation Threat
St. Louis Fed President Alberto Musalem expressed concerns Thursday about the potential for persiste…
Explainer: What the loss of Fed’s independence could mean
Trump as well as other Wall Street forces attempt to limit the Fed’s independence. Though it r…
Dollar Wobbles After Jobless Claims Disappoint, China Deal Hints Emerge
The US dollar stumbled on Thursday, giving up Wednesday’s gains and falling below 107.00 on th…
Oil Prices Steady After Recent Gains, U.S. Crude Stockpiles Weigh on Market
Oil prices were little changed on Thursday, as a rise in U.S. crude inventories pressured the market…
European Markets Mixed as Investors Digest Corporate Earnings
European stock markets traded in a mixed fashion on Thursday, as investors closely monitored corpora…
Bitcoin Holds Steady Amid Market Uncertainty, Awaiting Directional Catalyst
Bitcoin traded in a tight range on Thursday, as investors remained cautious amid ongoing U.S. tariff…
Market Analysis
November, 2022
-
1 November 2022 1:48 pm
Oil rises more than 1% thanks to weak dollar, despite concerns about Covid in China
-
1 November 2022 12:58 pm
Dollar falls as risk appetite improves ahead of Fed meeting
The US dollar slipped again on Tuesday from a one-week high against a basket of its major peers, with traders awaiting the message Federal Reserve officials will deliver at Wednesday’s monetary policy meeting. The dollar index, which measures the US currency against six rival currencies, including the euro, the pound …
Read More » -
1 November 2022 11:34 am
Japan shares close higher thanks to positive corporate profits and Toyota declines
Japanese stocks closed higher on Tuesday, as investors reacted to expectations of some companies for a strong performance, even as Toyota Motor shares fell after the company reported worse-than-expected earnings. The Nikkei average rose 0.33 percent to 27,678.92 points, while the broader Topix gained 0.47 percent to 1,938.50 points. Toyota …
Read More » -
1 November 2022 11:02 am
Gold rises in light of the decline in the dollar and bond yields Ahead of FED meeting
Gold prices rose on Tuesday as the US dollar and bond yields declined, although investors were cautious as markets awaited policy expectations from the Federal Reserve’s two-day meeting starting later Tuesday. And gold rose in immediate trading 0.5% to $ 1641.43 an ounce by 0548 GMT, after earlier touching its …
Read More » -
1 November 2022 10:22 am
Biden calls on oil companies to “stop profiting from war” and threatens them with taxes
US President Joe Biden on Monday called on oil and gas companies to use their record profits to cut costs for Americans and increase production, or pay a higher tax rate, as he struggled to rein in gasoline prices a week before the midterm congressional elections. In remarks at the …
Read More » -
1 November 2022 3:39 am
Market Drivers – US Session 31/10/2022
The US dollar surged on Monday with uneven gains against most major rival currencies. The EUR/USD pair lost the 0.9900 threshold and trades near a daily low of 0.9872, while GBP/USD trades around 1.1470. Commodity-linked currencies recovered some ground ahead of the close as Wall Street trimmed most of its …
Read More » -
1 November 2022 3:31 am
Dow closes lower on end of best month since 1976
US Stocks retreated on Monday, but the Dow capped off October 2022 as its month of best performance since 1976 and all the major averages recorded a successive two-month with losses.The Dow Jones Industrial Average fell 128.85 points, or 0.39%, to settle at 32,732.95. The S&P 500 shed 0.75% to …
Read More » -
1 November 2022 2:35 am
Us Dollar Rises Ahead Of FOMC Meeting
The dollar gained across the board on Monday, regaining some of its momentum which it lost earlier in October. The American currency has been boosted by bets and expectations of another jumbo rate hike by this week’s Fed monetary policy meeting.The dollar’s gains could be limited if the Fed signals …
Read More » -
1 November 2022 1:21 am
Biden threatens oil companies with higher tax
US President Biden warned, on Monday, that oil companies would face a “higher tax” on their excess profits if they don’t reinvest in increasing output so as to bring prices at the pump down. “They have a responsibility to act in the interest of their consumers, their community and their …
Read More » -
1 November 2022 12:43 am
Sunak to sign UK tax as Sterling remains under pressure
Rishi Sunak, is preparing to decide broad tax raises as the new British prime minister looks to plug a £50bn hole in public finances.Treasury insiders said, on Monday, that Sunak and his finance minister Jeremy Hunt agreed that while “those with the broadest shoulders should be asked to bear the …
Read More »
October, 2022
-
31 October 2022 10:10 pm
GBP/USD extends losses as Sterling gives up momentum
The reversal of the British pound from 1.1645 extends below 1.1500. The sterling loses ground as the Sunak effect fades. Meanwhile, the US dollar appreciates ahead of the Fed’s monetary policy meeting.Sterling’s reversal from last week’s highs at 1.1645 accelerated on Monday, reaching levels below 1.1500. The cable is on …
Read More » -
31 October 2022 9:13 pm
USD/CAD hits resistance at 1.3685 and retreats below 1.3650
The US dollar is pulling lower on Monday’s US trading session, giving away previous gains after having peaked at 1.3685. On the daily chart, however, the pair remains moderately positive, on track to close a three-day rally from 1.3495 lows last week.The Federal Reserve is attracting investors’ attention this week. …
Read More » -
31 October 2022 8:07 pm
Gold rebounds after falling below $1620 ahead of Fed meeting
Gold prices rebounded to $1636.72 per ounce after briefly falling to below $1620. Broad US Dollar strength ahead of the Federal Reserve meeting keeps the precious metals segment under pressure. Gold price slid for the second consecutive day as the US Dollar advances, ahead of the Federal Reserve Open Market …
Read More »