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October, 2022

• 3 October 2022 9:52 am

  Financial Markets’ Weekly Recap, September 26-30

  

  The dollar fell last week, as commodity bulls took some breathing; However, this decline was short-lived, as the dollar jumped again to its highest level in 20 years. The dollar’s rise to a high of 112 from a one-week low came, moving back towards levels not seen since May 2002, …

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• 1 October 2022 3:00 am

  Market Drivers – US Session 30/09/2022

  

  Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5. Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, …

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• 1 October 2022 2:37 am

  Fed policymakers united on combating inflation

  

  The Fed’s Vice Chair Lael Brainard, on Friday, stressed that any rate cut would be premature. Brainard added her full support of US central bank’s higher for longer plan for interest rates to combat inflation that new data shows is still at more than three times as much as the …

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• 1 October 2022 1:56 am

  What Could Bitcoin Expect In Q4?

  

  Bitcoin price has developed a stronger deviation and so is hinting at more upside. Despite the optimistic technical considerations, investors actually expect volatile swings coinciding with the end of the third quarter of 2022. Bitcoin price is trading above two crucial levels, suggesting a stable position. Combining this anticipation with …

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• 1 October 2022 12:34 am

  Can gold put an end to six-month of losses?

  

  What gold will do during the next two weeks will be very important for prices ahead of this year’s end. Jobs data and inflation data are closely watched as gold shows promising signs amid escalating geopolitical tensions and intensifying market volatility.Gold saw a key development mid-week as prices rose from …

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September, 2022

• 30 September 2022 11:41 pm

  Oil’s weekly gain confirmed despite latest decline

  

  Oil prices dipped on Friday in mixed trading but notched its first weekly gain in five on Friday, underpinned by the possibility that OPEC+ will agree to cut crude output when it meets on October 5.Brent crude futures for November, which expire on Friday, fell 53 cents, or 0.6%, to …

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• 30 September 2022 11:18 pm

  GBP/USD heads to weekly gains on end of September flows

  

  The GBP/USD pair is expected to finish the week with gains close to 3%, despite the UK’s bond crisis. The US PCE reading increased the likelihood of the Fed going 75 bps as Fed officials reinforced their hawkish stance.The GBP/USD pair is recovering from earlier losses as the US session …

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• 30 September 2022 10:05 pm

  EUR/USD Back below parity on US hot PCE data

  

  The EUR/USD pair is tripping down ahead of the end of the week, end of the month and end of Q3. The US Fed officials continued with their “restrictive policy” stance, agreeing that further hikes are coming.US Core PCE surpassed analysts’ expectations, paving the way for another 75 bps rate …

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• 30 September 2022 9:03 pm

  Analysts expect Euro to remain below parity

  

  Analysts believe the EUR/USD pair is moving to the downside over the next months at a more gradual speed. They have a target of 0.95 in a twelve months perspective. Fundamentally, the US could continue to be a higher interest rate market and equities continue to appeal to foreign investors. …

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• 30 September 2022 8:19 pm

  Wall Street Performs Mixedly On Inflation Report

  

  Stocks are having a mixed performance on Friday as traders looked to close out an awful week that brought the S&P 500 to a new 2022 low. The S&P 500 was up 0.55%. The Dow Jones Industrial Average gained 52 points, or 0.18%, while the Nasdaq Composite was 1.02% higher. …

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• 30 September 2022 7:38 pm

  ECB’s Visco: worsened economic outlook cause for concern

  

  European Central Bank (ECB) must continue to raise rates even though long-term inflation expectations remain anchored, ECB Governing Council member Ignazio Visco said on Friday.These comments don’t seem to be having a noticeable impact on the shared currency’s performance against its rivals. As of writing, EUR/USD was down 0.2% on …

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• 30 September 2022 5:18 pm

  An unexpected drop in inflation in France for the second month

  

  Data on Friday showed inflation in France unexpectedly slowed for the second consecutive month in September, deviating from the trend in its neighbor Germany and the broader eurozone, supported by a slowdown in the rise in energy and services prices. France’s annual inflation rate fell to 6.2 percent in September …

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• 30 September 2022 5:17 pm

  Gold is nearing its worst quarterly drop in 18 months due to higher interest rates

  

  Gold prices, which rose on Friday as the dollar fell, are close to posting their worst quarterly drop since March last year, as central banks around the world stick to tight monetary policies. And gold rose in spot transactions on Friday 0.3 percent to $ 1665.99 an ounce by 1029 …

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