San Francisco Federal Reserve President Mary Daly said on Monday that she is not prepared to say what hike the Fed should do at December’s Federal Open Market Committee. Daly insists that all options are available, so she is not taking anything off the table for December.Daly believes that at …
Read More »Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
Bitcoin traded largely flat on Wednesday, pausing after Tuesday’s sharp gains as traders diges…
European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of t…
Market Analysis
November, 2022
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22 November 2022 1:21 am
Bitcoin continues to slide on fears of FTX crisis
The world’s most famous cryptocurrency held steady at $15,824 on Monday at the time Wall Street opened following a weekly close at levels not seen since late 2020. At time of writing, bitcoin is trading around $15,780.Coinbase lost over 25% of its value in only four trading sessions as investors …
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22 November 2022 12:31 am
Oil rebounds after Saudi denies OPEC+ output report
On Monday, oil prices recovered from earlier losses after Saudi Arabia had denied news alleging that it was discussing an increase in oil output with OPEC and allies. Brent crude futures for January settled at $87.45, shedding 17 cents. WTI crude futures for December settled at $79.73 per barrel, falling …
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21 November 2022 10:17 pm
US Stocks dragged lower on US dollar gains
US stocks retreated amid growing worries that China could tighten Covid curbs after reported deaths over the weekend. Concerns about the growth outlook in the US as the Fed policymakers vow to fight inflation also continue to direct decisions by most investors. The technology sector dragged S&P 500 lower. The …
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21 November 2022 9:22 pm
AUD/USD falls on firmer US Dollar
The Australian dollar fell for the fourth straight day due to risk aversion after reports said the latest China Covid-19 outbreak caused three deaths during the weekend. China’s authorities eased some restrictions. The news boosted the US dollar amid growing concerns about reimposing lockdowns.Wall Street is witnessing investors who are …
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21 November 2022 8:14 pm
Risk aversion drags GBP/USD lower
The GBP/USD has dropped below 1.1900 on the market’s prevalent risk aversion, with the first US trading session of this week.Risk aversion prevails amid a light calendar, but latest remarks by Fed policymakers have given direction to the GBP/USD pair’s performance.The Pound Sterling fell sharply below the 1.1900 figure in …
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21 November 2022 7:11 pm
EUR/USD pressured near 1.0250
The EUR/USD pair has maintained the corrective downside well for another trading session and threatens to challenge the key support around the 1.0200 sooner rather than later.With the opening bell of an uneventful session, the US dollar extends the recent comeback by the recent hawkish messages by Fed policymakers. Statements …
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21 November 2022 4:59 pm
Treasury yields tick higher as markets assess inflation outlook
U.S. Treasury yields climbed Monday as investors awaited further clues about the Federal Reserve’s monetary policy plans from central bank speakers and fretted over the inflation outlook. The yield on the benchmark 10-year Treasurywas trading around 3.827% at around 8:00 a.m. ET, after rising about 1 basis point. The 2-year …
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21 November 2022 4:44 pm
Swiss Franc declined from its highest level in three months
The Swiss franc fell towards 0.95 against the US dollar, down from a three-month high of 0.94 touched on November 11th. Swiss currency is under pressure posed by the strength of the US currency, in conjunction with recession fears and hard signals from the Federal Reserve. However, hawkish policy signals …
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21 November 2022 3:09 pm
Gold fell to its lowest level in more than a week
Gold prices fell for the fourth consecutive session on Monday due to a stronger dollar while the Federal Reserve’s monetary policy stance overshadowed expectations for non-yielding gold. The spot gold price fell 0.6 percent to $1,739.31 an ounce by 0931 GMT, after falling earlier to its lowest level since November …
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21 November 2022 2:07 pm
Oil prices are nearing their lowest level in two months
Oil prices hovered near a two-month low on Monday as supply concerns eased while worries about fuel demand in China and rising interest rates overshadowed prices. Brent crude futures for January fell 28 cents, or 0.3 percent, to $87.34 a barrel by 0103 GMT, after settling at their lowest since …
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21 November 2022 1:03 pm
Dollar rises after purchases on concern
The US dollar rose strongly against major currencies on Monday, November 21, at a time when the Chinese yuan fell as sentiment deteriorated due to the rise in coronavirus infections and the tightening of restrictions in some cities in the second largest economy in the world. The Chinese capital, Beijing, …
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21 November 2022 12:08 pm
Nikkei closed slightly higher on rate hike and Covid fears in China
Japanese stocks closed slightly higher on Monday, although stocks included in the Nikkei index remained below 28,000 points, as a rise in the number of COVID-19 infections in China overshadowed sentiment in Asia while traders waited for more clarity regarding the issue. What will happen to interest rates. The Nikkei …
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