The USD/CAD pair climbs above 1.3700 as traders eye a break of 1.3800 as they focus on Friday’s NFPs. The Bank of Canada’s Governor Macklem said, “further interest rate increases are warranted,” reiterating the BoC’s hawkish stance. The USD/CAD climbs sharply during the US session, as Fed officials remained focused …
Read More »US Stocks Tumble as Weak Jobs Data and Trump’s Tariffs Rattle Markets
Wall Street closed the week on a sour note, with U.S. stocks sliding sharply on Friday, August 1, 20…
WTI Crude Oil Plunges 3% as Geopolitical Risks and Technical Barriers Collide
West Texas Intermediate (WTI) Crude Oil experienced a sharp 3.03% drop on Thursday, August 1, 2025, …
EUR/USD Soars: US Jobs Shock Sparks Fed Rate Cut Frenzy
The EUR/USD pair staged a dramatic rally on Friday, August 1, 2025, surging over 1% from a low of 1.…
Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank
Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, dr…
Trump Slaps Tariffs on 69 Nations as Trade Talks Falter
In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed…
USD/JPY Dips Below 150 as Weak US Jobs Data Fuels Fed Rate Cut Speculation
On Friday, August 1, 2025, the USD/JPY currency pair fell below the key 150.00 level after a weaker-…
Gold Prices Hover Near $3,300 Amid US Dollar Strength and Tariff Tensions
Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm…
EUR/GBP Soars 100 Pips: US Jobs Woes and UK Economic Gloom Fuel Rally
The EUR/GBP currency pair staged a dramatic rally on Friday, surging 100 pips from its weekly low of…
US NFP Rises by 73,000 in July, Falling Short of 110,000 Forecast
Job growth in the United States moderated in July, with nonfarm payrolls increasing by 73,000, accor…
Eurozone Consumer Inflation Holds Steady in July
Annual CPI: 2.0% (unchanged from June) Core CPI (excluding food and fuel): 2.3% Month-on-Month CPI: …
Market Analysis
October, 2022
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6 October 2022 9:01 pm
US Stocks Slide After Surging Jobless Claims
The stock market fell Thursday after unemployment claims surged at levels that are not enough to convince investors the Fed will change its aggressive rate policy. Oil giants Chevron (CVX) and Exxon Mobil (XOM) led gains while food and beverage companies declined on earnings.The Nasdaq composite traded 0.1% lower, after …
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6 October 2022 7:56 pm
BoC’s Macklem: More rate hikes will be needed
Bank of Canada Governor Tiff Macklem said on Thursday that further rate hikes will be needed since there is more work to be done on inflation. The USD/CAD pair’s performance ignored these comments and was last seen rising 0.8% on the day at 1.3725 and is trading at the time …
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6 October 2022 7:37 pm
BoE’s Haskel: Economic inactivity will hold UK growth back
The Bank of England’s Monetary Policy Committee has the tools and the resolve to return inflation to target in the medium term according to statements and remarks by policymaker Jonathan Haskel on Thursday.These remarks did nothing to help the British pound find demand and the GBP/USD pair was last seen …
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6 October 2022 5:58 pm
Dollar rises on anticipation of US jobs data
On Thursday, the dollar extended the rally that began on Wednesday, as investors awaited the US jobs and inflation data, looking for indications that may mean reducing the intensity of the interest rate hike and reducing the rise of the US currency. The euro fell 0.27 percent to $0.9859, after …
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6 October 2022 4:58 pm
US September Nonfarm Payrolls Preview
Nonfarm Payrolls in the US are expected to appear above “normal” once again. That would affirm that the US employment situation remains “hot”, and that the Fed can focus on getting inflation down. According to the latest BLS report, there were over 10.1M job openings, but just 6.0M people were …
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6 October 2022 3:45 pm
The Russian Foreign Ministry: Excluding Russia from the Nord Stream investigation is unimaginable
On Thursday, the Russian Foreign Ministry said it was “inconceivable” that the investigation of cracks in the Nord Stream 1 and 2 gas pipelines would be carried out without Russia’s participation. Foreign Ministry spokeswoman Maria Zakharova said the West had deliberately created obstacles to the investigation and said excluding Russia …
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6 October 2022 2:34 pm
The Kremlin: The OPEC + decision to reduce oil production aims to stabilize the market
A Kremlin spokesman said on Thursday that the decision of the OPEC + group of major oil producers to cut production by two million barrels per day aims to stabilize the market. Spokesman Dmitry Peskov stated that by agreeing to the production cut, OPEC+ confirmed its credibility as an organization …
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6 October 2022 1:37 pm
Oil near a 3-week high after the OPEC + agreement to cut production
Oil prices stabilized near a three-week high on Thursday after the OPEC + alliance agreed to cut global crude supplies by reducing production by about 2 million barrels per day, the largest cut since 2020. Brent crude futures for December settlement rose four cents to $93.41 a barrel by 0538 …
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6 October 2022 12:43 pm
European shares rise ahead of key data
European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes. The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street. Until the …
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6 October 2022 12:30 pm
Japan’s Nikkei index jumps to its highest level in two weeks
Japan’s Nikkei index closed higher on Thursday after touching a two-week high during the session, as markets continued their recovery from multi-month lows supported by energy-related stocks and chips. The Nikkei rose 0.7 percent to 27,311.30 points at the close, after hitting 27,399.19 points, a level not seen since September …
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6 October 2022 3:18 am
Market Drivers – US Session 05/10/2022
The US dollar ended the trading session with mixed performance after a brief surge on Wednesday. Risk-off flows returned amid tensions between Europe and Russia, as well as claims that North Korean-Japan tensions have been renewed, although the sentiment improved during US trading hours as the United States released positive …
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6 October 2022 3:03 am
Gold aims to extend recovery ahead of NFP data
Gold price has resumed its upside trend after a pullback to near $1,700.00. Escalating Japan-North Korea tensions are turning the risk to the negative side.After bumper US ADP data, positive NFP data could mean a next 75 bps rate hike in November. The gold index turned sideways after sensing demand …
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