Pending Home Sales in the US sharply fell in June. The monthly data published by the National Association of Realtors showed on Wednesday that Pending Home Sales declined by 8.6% on a monthly basis in June following May’s growth of 0.4%. This reading came in much worse than the market …
Read More »DXY surges following upbeat NFP data
The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data…
Bitcoin Stumbles as Job Growth Dampens Rate Cut Hopes
Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data dimini…
US stocks decline post robust NFP data
The Dow Jones Industrial Average plummeted over 700 points on Friday, following the release of unexp…
Fed’s Goolsbee: Rates could come down if things stay steady and inflation doesn’t spike
Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that …
Upbeat NFP Data Evidences Resilient Labour Market
The recent US nonfarm payrolls report delivered a resounding message: the American labour market rem…
Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled …
China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspens…
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
Market Analysis
July, 2022
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27 July 2022 6:18 pm
US: Durable Goods Orders rise by 0.7% in June
Durable Goods Orders in the US increased by 1.9%, or by $5 billion, on a monthly basis in June to $272.6 billion, the monthly data published by the US Census Bureau revealed on Wednesday. This reading came in much better than the market expectation for a decrease of 0.4%.
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27 July 2022 4:53 pm
USD is heading for a decline with the anticipation of raising interest rates
The dollar moved further away from its highest level in 20 years on Wednesday before the Federal Reserve meeting. The US central bank is expected to raise interest rates by another 75 basis points to rein in spiralling inflation. However, trading in the currency markets was limited as traders awaited …
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27 July 2022 3:51 pm
Russian Deputy Foreign Minister: The grain agreement may collapse
Russian Deputy Foreign Minister Andrei Rudenko said a Turkish-brokered agreement allowing the resumption of Ukrainian grain exports from ports on the Black Sea could collapse if obstacles to Russian agricultural exports are not removed immediately. The Interfax news agency quoted Rudenko as saying that grain shipments from Ukraine would begin …
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27 July 2022 1:40 pm
Strong results boost European stocks ahead of the Federal Reserve meeting
European shares rose on Wednesday, thanks to strong results from Britain’s Reckitt Benckiser and Russia-exposed bank UniCredit, while a decline in luxury goods LVMH shares limited gains. The pan-European Stoxx 600 index rose 0.2 percent. Still, investors are cautious amid concerns over energy supplies in Europe, with the US Federal …
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27 July 2022 12:57 pm
Japan’s Nikkei closes higher, supported by gains in chip stocks
Japan’s Nikkei index reversed course to close higher on Wednesday, supported by gains in chip-related stocks. At the same time, investors remained cautious ahead of the US Federal Reserve’s interest rate decision due later on Wednesday. The Nikkei rose 0.22 percent to 27,715.75 points, and the broader Topix index rose …
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27 July 2022 12:26 pm
Oil steadies as demand concerns dispel lower US inventories
Oil prices stabilized on Wednesday as data showing a larger-than-expected drop in US crude inventories dispelled concerns about weak demand. Brent crude futures recorded $104.55 a barrel, up 15 cents, or 0.1 percent. US West Texas Intermediate crude rose 27 cents, or 0.5%, to $95.25 a barrel. After Tuesday’s settlement, …
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27 July 2022 11:32 am
Alphabet A Earnings, Revenue Miss in Q2
Alphabet reported on Tuesday second-quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations. Alphabet A announced earnings per share of $1.21 on revenue of $69.69B. Alphabet A shares are down 27% from the beginning of the year, still down 30.70% from its 52 week high of …
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27 July 2022 11:05 am
Visa A Earnings, Revenue Beat in Q3
Visa reported third-quarter earnings that beat analysts’ forecasts and revenue that topped expectations on Tuesday. Visa A announced earnings per share of $1.98 on revenue of $7.28B. Analysts anticipated EPS of $1.74 on revenue of $7.06B. Visa A shares are down 25% from the beginning of the year, still down …
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27 July 2022 3:27 am
Market Drivers – US Session – Tuesday, July 26
a large amount of speculative interest was paying attention to US bond yields. The yield curve is the most inverted since 2000. 2-year Treasuries are yielding 3.03%, while the 10-year note yields 2.76%. An inverted curve is usually a sign of an upcoming recession. Economic Data Home purchases, in the …
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27 July 2022 3:10 am
WTI Unable To Penetrate $100 Level
WTI crude oil lost about 0.83% on Tuesday. The market’s sentiment shifted sour, augmenting appetite for safe-haven assets to the detriment of commodity prices as the US crude oil slides for the first time in this week. WTI traded at $95.51 per barrel following the report after settling down $1.72 …
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27 July 2022 2:51 am
Gold turns below $1,720 ahead of Fed’s policy decision
The Gold Index is displaying back and forth moves in a narrow range of $1,713.92-1,721.97 as investors are awaiting the announcement of the fourth consecutive interest rate decision by the Fed. The precious metal has displayed a complete volatility contraction, which indicates that now the monetary policy announcement is the …
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27 July 2022 1:58 am
Cryptocurrencies witness more declines
The short-lived crypto rally, according to some analysts, might have been a clever trap to tempt traders in. Bitcoin price is now redirected to the negative territory.Bitcoin price has broken the ascending trend channel, prompting a 25% profit rally since July 13. A breaking news coverage was issued on July …
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