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Market Analysis

November, 2022

  • 18 November 2022 10:18 pm

    AUD/USD set to record minimal weekly losses

    The Australian dollar is set to finish the week with losses of 0.50%. The Australian Dollar prepares to finish the week negative, dropping against the US dollar while market sentiment turned negative due to the lack of a catalyst. The only factor that could be considered as a catalyst was …

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  • 18 November 2022 8:43 pm

    Gold Unchanged Amid Softer US Dollar

    On Friday, gold prices are trading unchanged in early US trading session. The softer US dollar index is being balanced by a drop in crude oil prices to a five-week low overnight. US bond yields have risen a bit late this week, which leans slightly bearish for the safe-haven metals. …

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  • 18 November 2022 7:46 pm

    US Dollar Index hovers around 106.80, economic data in focus

    The US Dollar index trades within a tight range near 106.80 on Friday as US bond yields reverse direction and now slip back to the red territory.The US dollar exchanges gains with losses in the 106.70 region when gauged by the USD Index amid the generalized lack of direction in …

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  • 18 November 2022 7:04 pm

    US existing home sales decline for ninth month

    Existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.43 million in October, the National Association of Realtors said Friday. Compared with October 2021, home sales were down 28.4%.Economists polled by the Wall Street Journal had expected an decrease to 4.37 million units. Sales of previously owned homes …

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  • 18 November 2022 4:32 pm

    ECB President: The central bank may have to restrict growth to control inflation

    European Central Bank President Christine Lagarde said the central bank will continue to raise interest rates and may even need to restrict economic activity to control inflation. The European Central Bank raised interest rates by an unprecedented 200 basis points since July to tackle inflation, and said further policy tightening …

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  • 18 November 2022 3:22 pm

    UK Retail Sales jump 0.6% MoM in October

    The UK retail sales arrived at 0.6% over the month in October vs. 0% expected and -1.5% previous. The core retail sales, stripping the auto motor fuel sales, rose 0.3% MoM vs. 0.6% expected and -1.5% previous. On an annualized basis, the UK retail sales plunged 6.1% in October versus …

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  • 18 November 2022 2:41 pm

    European stocks open higher as investors flock to energy stocks

    European stocks opened higher on Friday after falling for two straight days as investors snapped up falling energy stocks, although hawkish comments from more Federal Reserve officials capped gains. The pan-European Stoxx 600 index was up 0.4% by 0813 GMT, with basic resources stocks rising 1.1%, after falling more than …

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  • 18 November 2022 1:33 pm

    Dollar is on its way to achieve weekly gains

    The dollar is heading for its best week in a month on Friday, as comments from Federal Reserve officials and stronger-than-expected retail sales data curbed the US currency’s slide after signs of easing inflation. It was also helped by Thursday’s 0.4 percent decline in the British pound after a British …

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  • 18 November 2022 12:38 pm

    Annual inflation in Japan is at the highest level since 1991

    Annual inflation in Japan rose in October to 3.7%, after it had recorded 3% in September, bringing it to the highest level since January 1991, in light of the rise in commodity prices and raw materials coinciding with the weakness of the yen. The biggest pressure came from food costs, …

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  • 18 November 2022 12:29 pm

    Oil rises as the dollar declines, but the demand outlook casts a shadow

    Oil prices rose Friday, November 18, with the decline of the dollar, but they are heading towards incurring weekly losses due to expectations that the pace of the sharp rise in US interest rates will not ease, as well as expectations of weak demand from China, the largest importer of …

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  • 18 November 2022 12:26 pm

    Gold is rising, but it is still heading towards a weekly loss

    Gold prices rose on Friday, November 18, due to the decline in the US dollar, but it is still heading towards its first weekly loss in 3 weeks, affected by indications from US Federal Reserve officials that more interest rate hikes are on the way. By 04:33 GMT, spot gold …

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  • 18 November 2022 3:22 am

    Market Drivers – US Session 17/11/2022

    Thursday’s market sentiment was negative, providing boosting factor for the US Dollar to recover some of the ground lost earlier during the week. The US dollar maintained mixed performance between ups and downs, but tended to advance.The gloomy market sentiment was partly a result of concerns related to the Ukraine-Russia …

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  • 18 November 2022 3:04 am

    Gold faces first weekly loss in three on Fed’s hawkish stance

    Gold price stays bearish around $1,760, after a two-day downtrend, as sellers cheer the US Dollar’s rebound despite softer US economic data. The precious metal traders digest recent hawkish comments by US Fed officials while market sentiment does not favour risk. The most significant factor for gold trading on Thursday …

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