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Market Analysis

September, 2023

  • 1 September 2023 7:40 pm

    Fed Officials Care Most To How Restrictive Policy Needs To Be, For How Long

    Loretta J. Mester, President of the Federal Reserve Bank of Cleveland, stated on Friday, following the NFP report, that the job market remains strong despite signs of rebalancing. She downplayed the increase in the Unemployment Rate to 3.8%, stating that this level “is still low.”Speaking at an event in Germany, …

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  • 1 September 2023 5:08 pm

    US Nonfarm Payrolls rise 187,000 in August

    The US Bureau of Labour Statistics (BLS) stated on Friday that nonfarm payrolls (NFP) increased by 187,000 in August. This result was higher than the market forecast of 170,000. On the negative side, the 187,000 increase in July was reduced down to 157,000. The unemployment rate rose to 3.8% in …

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  • 1 September 2023 3:55 pm

    Oil is rising amid tight supplies

    Brent crude, the global benchmark, hovered above $87 a barrel, as crude prices were set to end a two-week losing streak on Friday, supported by expectations of supply shortages. Saudi Arabia is widely expected to extend a voluntary oil production cut of 1 million barrels per day into October, prolonging …

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  • 1 September 2023 2:50 pm

    Gold stabilizes with anticipation of US jobs data, but is heading for weekly gains

    Gold prices appear to be heading on Friday, September 1, to achieve gains for the second week in a row, supported by declining chances of raising US interest rates this year after a week full of data, at the end of which an important jobs report is issued. Gold settled …

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  • 1 September 2023 1:32 pm

    Dollar is preparing for a weekly loss ahead of an important report on US jobs

    The dollar is set to end a six-week winning streak against major currencies on Friday, with the approaching release of an important monthly report on jobs in the United States that is likely to determine the course of the Federal Reserve’s policy in the coming months. The dollar fell to …

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  • 1 September 2023 12:55 pm

    European stocks stabilized

    European stocks stabilized on Friday, with the support provided by energy and mining companies offsetting the impact of pressures from the weak performance of German copper producer Aurobis after a profit warning, and Volkswagen after a downgrade in the stock’s recommendation. By 0711 GMT, the European STOXX 600 index settled …

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  • 1 September 2023 11:31 am

    Japanese TOPIX closes at a 33-year high with buying support to seize deals

    The Japanese Topix index ended trading on Friday at the highest level in 33 years, as it achieved significant gains as investors sought to seize profitable deals and acquire undervalued shares, while the gains were led by Sony Group shares and financial sector shares. Topix rose 0.76 percent to 2,349.75 …

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  • 1 September 2023 2:14 am

    Market Drivers – US Session, August 31

    During the Asian trading session, the final Manufacturing PMIs, including those for China, Australia, and Japan, are expected. The US Nonfarm Payrolls report will be the main topic of discussion on Friday. The US ISM Manufacturing PMI will also be made public. There will be a GDP report from Canada.On …

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  • 1 September 2023 1:40 am

    WTI Tests New Highs as traders digest tight supply

    The price of natural gas tried to climb above $2.85. Trading speculation that Saudi Arabia and Russia might extend their voluntary production restrictions caused WTI oil to rise. The price of Brent oil increased as the oil markets as a whole rallied. As traders react to the EIA report, which …

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  • 1 September 2023 12:40 am

    Will NFP Support Less Hawkish Fed?

    The NFP data is usually awaited by the financial markets and investors with eagerness because of it is likely that Friday’s print would bring about significant and weighty change on the Federal Reserve’s upcoming policy decision. As the US Bureau of Labour Statistics prepares to release the August jobs data …

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August, 2023

  • 31 August 2023 11:06 pm

    US stocks surge post PCE data

    Core PCE

    Wall Street stocks tended to show mixed performance until after Thursday afternoon with fresh inflation data hinting at the easing in inflation that the Fed policymakers are looking for. The Dow Jones Industrial Average retreated 0.15%, or about 50 points, even as it was buoyed by a jump in Salesforce …

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  • 31 August 2023 9:20 pm

    How could NFP benefit Bitcoin price action?

    Following the Grayscale victory, the price of bitcoin has significantly declined. The price of the most well-known cryptocurrency is currently $27,300. With the release of the US Core PCE price index data on Thursday and the US NFP on Friday, cryptocurrency markets are anticipated to be volatile. It is anticipated …

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  • 31 August 2023 8:48 pm

    Swiss Franc rebounds post mixed US data, Swiss retail sales

    The US PCE inflation figures align with forecasts, and Swiss retail sales plunge -2.3% MoM. Mixed employment data in the United States sets the scene for a crucial Nonfarm Payrolls report, while a morning star chart pattern suggests a potential upside for USD/CHF. The US Dollar gains ground as PCE …

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