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Market Analysis

December, 2022

  • 21 December 2022 10:54 am

    Oil prices stabilize after falling US stockpiles overshadow Covid fears in China

    Oil prices were little changed on Wednesday, as concerns about rising COVID-19 cases in China, the world’s largest oil importer, were offset by a larger-than-expected draw in US crude inventories. Brent crude futures rose seven cents, or 0.1 percent, to $80.06 a barrel by 0404 GMT, while US West Texas …

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  • 21 December 2022 1:19 am

    Is it Gold’s Lucky Day After BoJ’s Surprise Decision?

    Gold is trading at $ 1818.31 per ounce at the time of writing versus the previous closing price at only $1787.30 on Monday. Gold price is making tracks to the upside despite the Bank of Japan’s surprise relaxation on the yield of its 10-year bonds (JGBs).US Dollar is sinking while …

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  • 21 December 2022 12:16 am

    What is behind US stocks’ recovery on Tuesday?

    Wall Street Santa

    The major US benchmarks are trading up as investors buy ahead of new year holidays. The major US Indexes are moving higher on Tuesday as stocks struggle to hold their gains ahead of the Christmas. However, the limited rebound is considered as a sign that New Year’s Rally is imminent.Equities …

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  • 20 December 2022 10:47 pm

    GBP/USD Heading to strongest gain in one quarter since 2009

    The GBP/USD is approaching a quarterly peak as market emphasis is currently on a test of 1.2080 for the coming sessions.If the bears fail to break this level of support, then a meaningful correction to the upside will be on the cards. The GBP/USD pair is still on the backside …

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  • 20 December 2022 10:09 pm

    GBP/JPY declines to lowest level since September

    The Japanese Yen is soaring across the board after the Bank of Japan’s rate decision. The GBP/JPY pair cross is losing more than 700 pips on Tuesday amid rallying yen following the BoJ’s monetary policy announcement. BoJ’s rate decision also raised the upper range of its yield curve control of …

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  • 20 December 2022 8:58 pm

    Atlanta Fed GDPNow for Q4 declines to 2.7%

    According to the Federal Reserve Bank of Atlanta’s GDPNow model, the growth of the US economy is expected to record an annualized rate of 2.7% in 2022’s fourth quarter, slightly down from 2.8% in previous estimates.“After this morning’s housing starts report from the US Census Bureau, the nowcast of fourth-quarter …

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  • 20 December 2022 8:03 pm

    FTX founder agrees to be extradited to the United States

    Former FTX CEO has agreed to be extradited to the United States, but Sam Bankman-Fried also announced that he wanted to see the accusation statement filed against him in New York before agreeing to extradition.FTT price noted a 7.7% decline in the last 24 hours, recording fresh lows around $0.860. …

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  • 20 December 2022 7:04 pm

    Canada’s Retail Sales Rise Above Expectations

    Retail Sales in Canada, for October, unexpectedly surged, however, the USD/CAD pair is trading in negative territory, holding slightly above 1.3600. Retail Sales in Canada rose by 1.4% on a monthly basis in October following September’s 0.6% decline, the data published by Statistics Canada revealed on Tuesday. The latest reading …

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  • 20 December 2022 2:59 pm

    European stocks are at their lowest level in two and a half months

    European stocks fell on Tuesday, dragged down by declines in real estate and technology stocks, after Japan’s central bank rattled global markets with a sudden policy shift that would allow long-term interest rates to rise further. The pan-European Stoxx 600 index was down 0.9 percent by 0808 GMT, its lowest …

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  • 20 December 2022 1:04 pm

    Japan’s Nikkei closes at its lowest level in two months

    Japan

    The Japanese Nikkei index ended trading on Tuesday at its lowest level in two months, and the yield on government bonds for ten years recorded the highest rise in seven years, after the central bank surprised investors by allowing a hike in long-term interest rates. The Nikkei fell 2.46 percent …

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  • 20 December 2022 11:55 am

    Gold strengthens its position as dollar declines

    Gold prices rose on Tuesday on a weaker dollar, although lingering concerns about the Federal Reserve’s interest rate hike kept non-profit metals’ gains in check. Spot gold rose 0.3 percent to $1,791.91 an ounce by 0636 GMT, and US gold futures rose 0.1 percent to $1,800.20 an ounce. And the …

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  • 20 December 2022 11:35 am

    America’s oil exports are about to exceed its imports in 2023

    The United States has become a global exporter of crude oil over the past few years, but its exports have never exceeded its imports since World War II. This may change next year. US crude oil sales to other countries are now at a record 3.4 million bpd, with exports …

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  • 20 December 2022 10:32 am

    Oil rises, but uncertainty about the outbreak of Covid in China limits gains

    Oil prices rose in early trading on Tuesday, supported by a weaker dollar and the United States’ plan to rebuild its strategic reserves, but gains were limited by uncertainty over the impact of rising COVID-19 cases in China, the world’s largest oil importer. Brent crude futures rose 61 cents, or …

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