On Thursday, a statement by the Russian Foreign Ministry confirmed that the agreement to export grain through the Black Sea will be extended for 120 days, starting from November 18, without any amendments to the current agreement. The statement added that Moscow assumes that Russian concerns related to easier conditions …
Read More »Falling Inflation Expectations Signal Shifting US Economic Outlook
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, released on June 9, 2…
U.S. Stock Index Futures Flat as Investors Await U.S.-China Trade Talks and Key Inflation Data
U.S. stock index futures were little changed on Monday, with market participants taking a cautious s…
Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
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USD Faces Downside Risks as NFP Data Looms
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EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
Market Analysis
November, 2022
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17 November 2022 5:04 pm
Russia confirms the extension of the grain export agreement across the Black Sea
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17 November 2022 3:10 pm
Dollar is stable amid mixed indicators from US economy and GBP is rising
The dollar was little changed on Thursday as investors digested mixed US economic data, while the British pound rose ahead of the government’s budget plans. The greenback has fallen in the past few weeks as inflation data and comments from Federal Reserve officials suggested the bank could soon slow the …
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17 November 2022 1:41 pm
German stocks lead Europe higher after Siemens data
German stocks led European indices higher at the open on Thursday, supported by data from Siemens, which recorded an optimistic rise in quarterly profits, while investors await the UK budget, which is expected to restore confidence in the British economy. The German DAX rose 0.9%, while the pan-continental Stoxx 600 …
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17 November 2022 1:01 pm
Gold is stabilizing as geopolitical tensions ease
Gold prices stabilized on Thursday as demand for the precious metal declined due to the latest geopolitical concerns, while hopes that the Federal Reserve (the US central bank) would be less aggressive in raising interest rates in the coming months boosted the markets. And by 0103 GMT, there was little …
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17 November 2022 12:17 pm
Nikkei closed lower on chip stocks
Japan’s Nikkei closed lower on Thursday, as Tokyo Electron and Advantest led chip-related stock losses after Micron Technology cut memory chip supplies and capital spending, while travel stocks jumped thanks to an increase in foreign tourists. Micron was the first major chip maker to sound the alarm about falling demand …
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17 November 2022 5:52 am
Market Drivers – US Session 16/11/2022
The US dollar gathered some strength during the US trading session, closing mixed. The US dollar benefited from a deteriorating sentiment following Poland’s developments in relation to the Russo Ukrainian war, but also from Wednesday’s economic news.The EUR/USD pair trades at around 1.0370, while GBP/USD is stable around 1.1890. Commodity-linked …
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17 November 2022 2:35 am
Gold fails to benefit from US dollar’s latest performance
Gold Price creeps lower after testing the weekly high around $1786 on Wednesday following the release of positive US data. The retail sales data triggered risk aversion, so, the US dollar’s stance as a safe haven benefited, but the Gold Index was not able failed to capitalize on falling US …
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17 November 2022 1:44 am
Bitcoin declines on spreading FTX crisis
Betcoin was high trading at $16705 after falling to intraday lows after Wednesday’s Wall Street opening bell as the FTX scandal appeared to have impacted another victim. After the bell BTC/USD was trading around $16,400.The meant victim could be Genesis Global Capital, the crypto lending arm of Genesis Trading, and …
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17 November 2022 1:09 am
Stocks slide on firm dollar, retail sales data
Global stocks slid from two-month highs and dollar maintained its safe-haven standing and managed to steady on Wednesday after stronger-than-expected US retail sales clouded the Fed’s inflation outlook and hopes that the Fed could ease its hawkish interest rate hikes.Stocks in Europe pared overnight losses in Asia after Poland’s president …
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17 November 2022 12:58 am
Fed’s Hawk: Will not be fooled by one report
Governor Christopher Waller repeated the same Fed’s hawkish stance on Wednesday. Last week, Waller said “we’ve still got a way to go” before the US central bank stops raising interest rates, despite good news last week on consumer prices, jolting risk appetite”.Waller continues to warn that officials were not close …
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17 November 2022 12:05 am
Australian Employment Preview: Forecasts by major banks
Australia will release October’s employment report on Thursday, November 17 at 00:30 GMT and as markets draw closer to the release time, here are forecasts by analysts at five major banks regarding the upcoming awaited data.Australia is expected to have added 15K positions in October versus 0.9K in September, with …
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16 November 2022 11:46 pm
White House Holds Russia As Responsible For Poland’s Tragic Incident
On Wednesday, the White House has not seen anything that contradicts Poland’s preliminary assessment that a missile that landed within its borders on Tuesday was most likely the result of a Ukrainian air defense missile, according to US National Security Council spokesperson Adrienne Watson.“Whatever the final conclusions may be, it …
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16 November 2022 10:57 pm
Oil declines on Druzhba pipeline resumption, COVID concerns
On Wednesday, oil prices settled more than one US dollar lower after Russian oil shipments via the Druzhba pipeline to Hungary resumed operation and rising COVID-19 cases in China weighed on investors’ sentiment.Contracts to deliver West Texas Intermediate crude in December closed at their lowest price since October 25, according …
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