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Market Analysis

February, 2023

  • 13 February 2023 4:23 pm

    Ukraine’s grain exports declined by 28.7% in 2022/23

    Ukraine’s Ministry of Agriculture data showed on Monday that Ukraine’s grain exports in the 2022/23 season, which continues until June, fell by 28.7 percent to 29.2 million tons so far, due to a poor harvest and logistical difficulties caused by the Russian invasion. The exports included about 10.4 million tons …

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  • 13 February 2023 1:54 pm

    European stocks open higher and real estate stocks decline

    European stocks opened higher on Monday ahead of US inflation data due on Tuesday, while real estate stocks fell on disappointing quarterly earnings from Sweden’s Castellum. The Stoxx Europe 600 index rose 0.2 percent, after posting its first weekly decline in three weeks on Friday. Stockholm-listed Castellum fell 5.8 percent …

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  • 13 February 2023 12:39 pm

    Nikkei closed lower as technology stocks declined

    The Japanese Nikkei index closed lower on Monday, as heavyweight technology stocks tracked the decline in the US Nasdaq index in the last session, while investor sentiment was affected by some companies announcing bleak earnings forecasts. The Nikkei index fell 0.88 percent to close at 27,427.32 points, after falling to …

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  • 13 February 2023 12:05 pm

    Gold prices stabilize ahead of US inflation data

    Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …

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  • 13 February 2023 11:10 am

    US Dollar is approaching a 5-week high

    The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …

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  • 13 February 2023 10:42 am

    Oil prices fell amid demand concerns

    Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …

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  • 13 February 2023 5:49 am

    Financial Markets’ Weekly Recap: February 6 – 10

    Financial markets ended the trading week with cautious optimism following apparent uncertainty and concerns about the US central bank’s next moves regarding interest rate hikes and the Fed’s monetary policy. Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to …

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  • 11 February 2023 3:41 am

    Market Drivers – US Session 10/02/2023

    Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

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  • 11 February 2023 3:26 am

    What could US CPI figures bring about for EUR/USD?

    The United States awaits January’s Consumer Price Index next Tuesday. Eurozone’s GDP could be crucial for the Euro. The EUR/USD pair fell for a second consecutive week, further retreating from the 1.1000 region to settle around the 1.0700 figure. At the time of writing, the pair is trading at 1.0676; …

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  • 11 February 2023 2:19 am

    Crude oil rises over 2% on Russian plan to cut output

    Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

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  • 11 February 2023 1:25 am

    Does Cantor Fitzgerald manage over half of Tether’s reserves?

    Wall Street brokerage Cantor Fitzgerald has been supervising Tether Holdings’ $39B Treasury bond portfolio according to the Wall Street Journal. Hong Kong-based Tether is the issuer of stablecoin tether (USDT-USD), the world’s most traded digital token with a market cap of $68.2B.The news followed Tether’s attestation report Thursday showing its …

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  • 11 February 2023 12:19 am

    S&P 500 heads for worst week since December

    The S&P 500 wavered between gains and losses on Friday as Wall Street looked to the end of what is shaping up to be a losing week. The broad index was little changed, while the Nasdaq Composite slipped about 0.8%. The Dow Jones Industrial Average added 135 points, or 0.4%.Each …

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  • 10 February 2023 10:33 pm

    GBP/USD falls as key support level put at risk

    The US Dollar is expected to finish this trading week with solid gains due to Fed’s hawkish comments as well as the latest US data.US Consumer Sentiment improved according to the University of Michigan. The UK avoided a recession in Q4 2022, though its forward economic outlook suggests a weaker …

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