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Market Analysis

October, 2022

  • 25 October 2022 8:02 pm

    Gold benefits from declining US bond yields

    Gold price advances early in the New York session, up by 0.33% on falling US Treasury yields, while bonds climb amid further expectations that Fed could slow the pace of its rate hikes and monetary tightening measures. The US dollar weakened, constituting a chance of momentum for the precious metal. …

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  • 25 October 2022 7:19 pm

    US Consumer Confidence Deteriorates In October

    Consumer confidence in the US deteriorated in October. The US Dollar Index trades deep in negative territory below 111.00. the Dollar Index reading at the time of writing is 110.84. The data published by the Conference Board showed on Tuesday that the Consumer Confidence Index declined to 102.5 in October …

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  • 25 October 2022 5:55 pm

    Gold prices decline with the stability of the dollar

    Gold prices fell on Tuesday as the dollar stabilized, but expectations that the Federal Reserve would slow the pace of interest rate hikes limited the precious metal’s losses. Spot gold fell 0.5% to $1,640.62 an ounce by 1238 GMT, while US gold futures fell 0.6 percent to $1,644.70. The dollar …

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  • 25 October 2022 5:09 pm

    US: Housing Price Index at -0.7% in August

    The monthly data published by the US Federal Housing Finance Agency showed on Tuesday that the Housing Price Index fell by 0.7% on a monthly basis in August. This print followed July’s decrease of 0.6% and came in lower than the market expectation of -0.3%. Meanwhile, the S&P/Case-Shiller Home Price …

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  • 25 October 2022 4:22 pm

    Coca-Cola raises its forecast for this year’s business results after earnings beat expectations

    The Coca-Cola Company raised its forecast for its full-year financial results Tuesday, October 25, after beating expectations for its quarterly earnings and revenue. The company also provided an outlook towards 2023 saying it expects inflation to continue to drive up its expenditures and commodity prices to remain volatile. However, the …

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  • 25 October 2022 3:30 pm

    General Motors Stock Leaps After Q3 Earnings Beat

    General Motors posted stronger-than-expected third-quarter earnings Tuesday while repeating its full-year profit outlook, as higher car prices helped fuel record sales for the biggest U.S. automaker. General Motors said adjusted earnings for the three months ending in September came in at $2.25 per share, up 48.5% from the same period …

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  • 25 October 2022 2:53 pm

    Sterling rises as Sunak prepares to take office, euro awaits interest decision

    The British pound rose on Tuesday, boosted by an improvement in risk appetite as Rishi Sunak prepares to take over as Britain’s prime minister. At the same time, the euro stabilized ahead of the European Central Bank’s expected rate hike on Thursday. The dollar rose slightly, but not far from …

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  • 25 October 2022 1:25 pm

    German IFO Business Climate Index eases to 84.3 in October

    The headline German IFO Business Climate Index eased slightly to 84.3 in October versus the previous reading of 84.4 the market consensus of 83.3. Meanwhile, the Current Economic Assessment dropped to 94.1 points in the reported month as compared to July’s 94.5 and 92.4 expected. The IFO Expectations Index – …

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  • 25 October 2022 12:11 pm

    Promising profits push European shares higher

    European shares gained on Tuesday after a series of better-than-expected earnings reports helped allay fears of rapid interest rate increases and a slowdown in the euro-zone economy. The pan-European STOXX 600 index rose 0.5% by 0717 GMT, with the media and technology sectors compensating for losses in chemical shares. SAP …

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  • 25 October 2022 11:12 am

    Nikkei closes higher, supported by strong results

    Japanese stocks rose on Tuesday, October 25 as electric car maker Nidec Corp. started its earnings season with solid results and boosted hopes that other companies might benefit from the weak yen. The index rose at the beginning of trading today only 0.51%, but ended trading up 1.02%, while the …

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  • 25 October 2022 10:42 am

    The World Bank provides an additional $500 million to Ukraine

    The World Bank said on Monday it has provided an additional $500 million to help Ukraine meet urgent spending needs caused by Russia’s Feb. 24 invasion and ongoing war on its soil. This came on the eve of a conference in Berlin on Tuesday where world leaders, development experts and …

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  • 25 October 2022 2:54 am

    Market Drivers – US Session 24/10/2022

    The US dollar began the trading week with negative performance, extending its Friday’s decline at the opening, but the dollar gradually edged higher as the day went by. The American currency closed with modest gains against most major rivals while traders and investors are eying significant events scheduled later in …

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  • 25 October 2022 2:26 am

    Is Bitcoin Able To Recover?

    Bitcoin is now trading at $19,3315, which is obviously lower than the previous highest highs of $69,000. The most famous cryptocurrency lost -$256.70 on Monday. With inflation increasing in the US, Bitcoin struggles to recover. The macroeconomic climate seems too difficult for Bitcoin and investors have realized that gains will …

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