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Market Analysis

September, 2022

  • 15 September 2022 5:54 pm

    US: Weekly Initial Jobless Claims decline to 213K

    There were 213,000 initial jobless claims in the week ending September 10, the weekly data published by the US Department of Labor (DOL) showed on Thursday. This print followed the previous week’s print of 218,000 (revised from 222,000) and came in better than the market expectation of 226,000. the advance …

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  • 15 September 2022 5:03 pm

    Oil falls on fears of weak demand and a strong dollar

    Oil prices fell on Thursday, as concerns about weak demand and a stronger dollar ahead of a possible big interest rate hike raised concerns about tight supplies. The International Energy Agency announced this week that oil demand growth will stall in the fourth quarter. The dollar also settled on Thursday …

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  • 15 September 2022 4:40 pm

    US: Retail Sales rise by 0.3% in August

    Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data published by the US Census Bureau showed on Thursday. This reading followed July’s decrease of 0.4% (revised from 0%) and came in better than the market expectation for a no-change. Retail Sales ex Autos …

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  • 15 September 2022 4:04 pm

    Gazprom to Europe: There is no alternative to Russian gas

    There is no alternative to Russian gas for Europe, said Oleg Aksyutin, executive vice president of the Russian energy giant Gazprom on Thursday. He added in a press conference that no significant additional supplies of liquefied natural gas can be expected in the foreseeable future. These comments don’t seem to …

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  • 15 September 2022 2:07 pm

    The dollar stabilizes amid anticipation of the US Central Bank’s interest rate decision

    On Thursday, the dollar settled near recent highs, buoyed by expectations that the Federal Reserve will continue to tighten monetary policy aggressively in its effort to rein in inflation, while the yen faltered after a sharp rally on Wednesday. The dollar rose 0.28 percent against the yen at 143.58, after …

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  • 15 September 2022 1:32 pm

    European shares rise after a big sell-off

    European shares rose on Thursday, supported by bank shares, after markets showed signs of recovering from a sharp sell-off caused by bets on a major interest rate hike worldwide. The pan-European Stoxx 600 index rose 0.3 percent by 0711 GMT, after falling for two consecutive days. And US inflation data …

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  • 15 September 2022 12:32 pm

    Japan shares rise at the close after an intense sell-off

    Japanese stocks rose at the close on Thursday, with investors buying shares again after a sharp decline in the previous session. Travel-related stocks led the rally, supported by hopes of a recovery in tourism. The Nikkei rose 0.21 percent to 27,875.91 points, recovering from its worst session in three months. …

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  • 15 September 2022 3:30 am

    Market Drivers – US Session 14/09/2022

    The US dollar that fell to the 109.257 low, but did not stay down for long on Wednesday, the Dollar Index rallied back to test the 109.70s in New York. Technically, the index is on course for the 109.90s again ahead of what is expected to be a hawkish Fed’s …

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  • 15 September 2022 2:58 am

    Oil Gains on US PPI, EIA data

    Crude oil market is busy digesting latest signals on the level of growth demand. Volatility has brought about oil prices gain of 1% on Wednesday. The latest signals include US crude inventory data, inflation indicatiors and the impact of China’s COVID lockdowns. As of 3:33 p.m. EST on Wednesday, Brent …

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  • 15 September 2022 2:21 am

    How will Bitcoin React to Ether Merge?

    The blockchain behind Ethereum will attempt to do what no major blockchain has ever done, with plans to switch consensus mechanisms and protocols from proof-of-work to proof-of-stake. One of the biggest questions on the market now is: What impact will this transition have on the dominant cryptocurrency, bitcoin?According to some …

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  • 15 September 2022 1:50 am

    US shares stabilize following massive selloff

    The Nasdaq Composite closed higher in a mixed trading session on Wednesday as investors tried to find their footing after the biggest one-day drop in more than two years.The modest gains followed a massive sell-off for stocks on Tuesday. The Dow sank more than 1,200 points, or nearly 4%, while …

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  • 15 September 2022 1:01 am

    Gold stabilizes, hopes for a u-turn before 2023

    Gold price has retreated but eventually was able to stabilize ahead of the looming FOMC’s rate hike and Ukraine peace talks Gold held steady as traders have worries concerning the monetary tightening path by the US central bank after economic data, including Tuesday’s CPI and Wednesday’s PPI, pointed to elevated …

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  • 14 September 2022 11:47 pm

    US dollar rallies back into bullish territory

    The US dollar rallied on Tuesday against the yen, euro and other currencies following stronger-than-expected US inflation data that rocked US stocks, bolstered US yields and sent the greenback towards last week’s two-decade peak of 110.79. The price made a high of 110.01 before bears cleaned up across the counterparts …

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