WTI hit fresh multi-year highs above $88.00 per barrel recently, breaking above last week’s highs. Profit-taking has since seen WTI drop back into the mid-$86.00s, but oil holds onto decent on the week gains.Positive risk appetite and ongoing geopolitical and OPEC+ supply concerns are an ongoing source of support that …
Read More »White House Advisor Comments on PCE Data
Interviewed by Bloomberg TV, White House Advisor Jared Bernstein commented on the US economic scene …
Why have gold prices retreated following PCE data?
Both spot gold and gold futures are down about -0.70 following the US PCE data released on 31/05/202…
Dow Jones rebounds after a heavy week of losses
Dow Jones rebounds from lows near 38,000.00 after heavy backslide. Market sentiment recovering as ra…
Oil falls back in red territory following PCE figures
Crude prices gave up on previous attempts to avert losses and ultimately lost -0.69%, trading at $76…
U.S. Inflation Stalls, Raising Concerns for Fed and Rate Cut Timeline
U.S. inflation remained unchanged in April, raising concerns for the Federal Reserve that the high p…
Dell Stock Plunges on AI Investment Impact, Dampening Profit Outlook
Dell Technologies shares suffered a significant drop of around 14% in premarket trading on Friday, f…
Eurozone Inflation Surprises Upwards, ECB Rate Cut Still on Track, but Further Easing Under Scrutiny
Euro zone inflation unexpectedly rose in May, signaling a more protracted path towards the European …
Dollar Recovers on Inflation Expectations Ahead of PCE Data
The U.S. dollar rebounded in early European trading on Friday, recovering from previous losses as tr…
European Stocks Hold Steady Ahead of Eurozone Inflation Report
European stock markets experienced mixed trading within narrow ranges on Friday, as investors cautio…
Asian Markets See Modest Gains Amidst Focus on US Inflation, Chinese Stimulus Hopes
Asian stocks experienced slight gains on Friday as investors turned their attention to the upcoming …
Market Analysis
January, 2022
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27 January 2022 7:53 pm
US Pending Home Sales fall by 3.8% in December
Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. The new data was well below expectations for a decline of 0.2% MoM. …
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27 January 2022 6:06 pm
US Economy Grows by 6.9% Annualised in Q4
US Real GDP grew at an annualised pace of 6.9% in Q4 2021, well above the median economist forecast for a pace of growth of 5.5%, according to the first estimate released by the US Bureau of Economic Analysis on Thursday. That marked a sharp acceleration from Q3’s 2.3% QoQ …
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27 January 2022 4:38 pm
Oil Hits Seven-Year High on Ukraine Tensions
Oil traded at a seven-year high of around $90 a barrel on Thursday as the Ukraine crisis supported prices despite signs that the US Federal Reserve would tighten monetary policy. Brent crude futures rose six cents, or 0.1 percent, to $90.02 a barrel by 1113 GMT, and West Texas Intermediate …
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27 January 2022 3:08 pm
European Shares Fall After Fed
European shares fell on Thursday after US Federal Reserve Chairman Jerome Powell signaled a rate hike in March and kept monetary policy tight to curb inflation. The pan-European Stoxx 600 index fell 0.6 percent, with most sectors and markets in the region declining. After the Federal Reserve’s meeting, Powell said …
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27 January 2022 2:35 pm
The Dollar is Rising as Markets Await a Larger And Faster Rate Hike
The dollar jumped to a multi-week high against major currencies on Thursday, supported by expectations of bigger and faster interest rate hikes in the coming months. During the trading session in London, the dollar index consolidated at its highest level since mid-December, while the euro stumbled around a two-month low …
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27 January 2022 1:57 pm
Tesla Reports Stronger-Than-Expected Fourth-Quarter Results
Tesla stock dropped after the company reported better-than-expected earnings for Q4. But the automaker’s fourth-quarter results might not be good enough for investors. Tesla today reported stronger-than-expected fourth-quarter results, but the company’s stock fell slightly in post-closing trading after the automaker warned that supply chain problems could persist throughout 2022. …
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27 January 2022 1:32 pm
Samsung Records The Highest Annual Sales in Its History During 2021
South Korean company Samsung’s operating profit rose 53.3% in the fourth quarter of 2021, as record sales helped overcome challenges the company faces due to supply chain issues. The world’s largest smartphone maker said operating profit rose to KRW 13.87 trillion, or $11.55 billion, for the October-December 2021 period, up …
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27 January 2022 12:45 pm
Japan Shares Close at 14-Month Low After Fed
Japan’s Nikkei index closed at a 14-month low on Thursday, dragged down by technology heavyweights after the Federal Reserve chief indicated his intention to steadily raise interest rates. The Nikkei fell 3.11 percent to close at 26,170 points, its lowest since November 24, 2020. The index, which fell for the …
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27 January 2022 3:46 am
Market Drivers – US Session – 26 January 2022
The dollar is ending Wednesday firmly higher across the FX board, following the US Federal Reserve monetary policy decision.As widely anticipated, rates and taper were left unchanged, although the statement indicates that “the Committee expects it will soon be appropriate to raise the target range for the federal funds rate.” …
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27 January 2022 3:34 am
New Zealand Inflation Data Hits 30 -Year High
Consumer prices in New Zealand rose the most in three decades last quarter, reinforcing the outlook for higher interest rates after the Federal Reserve added momentum to the global withdrawal of pandemic-era stimulus.New Zealand’s consumer price index for the October-December quarter was 5.9% higher than a year earlier, an acceleration …
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27 January 2022 3:25 am
KSA Expected To Hike Oil Price On Robust Demand
Saudi Arabia is expected to raise the official selling prices of all its crude grades sold in Asia next month on the back of solid demand and refining margins.Saudi Arabia usually sets the official selling prices (OSPs) of its crude for the following month around the fifth of each month, …
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27 January 2022 3:16 am
Oil Price Peaks Up To $90 Level For First Time Since 2014
Brent crude futures rose more than 2% on Wednesday, surpassing $90 a barrel for the first time since 2014. The price of oil surpassed $90 a barrel on Wednesday, its highest mark in eight years as limited supply coupled with the prospect of a Russian invasion of Ukraine sent energy …
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