Gold price begins December on a firmer standing around $1,768, after posting the biggest monthly gains in 29 months during November. The precious metal’s latest run-up could be linked to the dovish messages by Fed Chair Jerome Powell, as well as optimism surrounding China. Gold buyers are expected to take …
Read More »Weekly Recap: Markets await three high-impact events, stocks climb “wall of worry”
Global markets are anticipated to face a week full of pressure and fundamental factors that cannot b…
Trump Ends Canada Trade Talks After Reagan-Themed Ad Sparks Diplomatic Rift
U.S. President Donald Trump has abruptly terminated all trade negotiations with Canada, citing what …
Gold Prices Slip Below $4,110 as Investors Weigh Inflation Outlook and Fed Policy Path
Gold prices edged lower on Friday, extending their weekly decline as investors reassessed expectatio…
Oil Prices Secure Modest Weekly Gain as Market Awaits Demand Signals
Crude oil prices edged lower on Friday, capping a choppy week that still saw both major benchmarks p…
Bitcoin Climbs Above $111,000 as Trade Tensions Ease and Inflation Cools
Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, …
Wall Street Soars to Record Highs as Cooling Inflation Fuels Market Optimism
U.S. stocks roared to fresh record highs on Friday as investors cheered softer inflation data that b…
Inflation Ticks Up as Tariffs Push Prices Higher and Shutdown Clouds Economic Outlook
U.S. inflation crept slightly higher in September, signaling renewed price pressures across key sect…
Post-CPI Data: Dollar Strengthens Against Yen as U.S. Business Activity Outshines Inflation Slowdown
The U.S. dollar extended its winning streak against the Japanese yen on Friday, buoyed by robust bus…
US CPI Inflation Slows to 3% in September, Below Forecasts
US consumer inflation rose less than expected in September, offering fresh evidence that price press…
Wall Street Futures Edge Up as Trade Hopes Clash with Inflation Watch
U.S. stock futures advanced marginally on Friday as investors paused to await the highly anticipated…
Market Analysis
December, 2022
November, 2022
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30 November 2022 11:15 pm
Wall Street advances on Powell’s dovish signals
Wall Street is rejoicing on the latest comments by Jerome Powell. The S&P 500 has gained the first day in four following significantly dovish comments by Fed’s Jerome Powell confirming that the US Fed will slow the pace of its hawkish rate-hiking that impacted financial and exchange markets.The broad index …
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30 November 2022 10:49 pm
Powell’s Speech Drags US Dollar Lower
In his first public appearance and remarks on the US economy since the post-FOMC policy decision press conference on November 2, where he warned of a higher terminal rate, Fed chair Jerome Powell said on Wednesday that it would “make sense to moderate pace of interest rate hikes”.Since the November …
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30 November 2022 10:19 pm
European markets close higher on Eurozone inflation data
European markets closed higher on Wednesday as November has proved to be a month with robust performance while regional investors reacted to the latest inflation data from the Eurozone for the month.Stoxx 600 closed up 0.6%, adding monthly gains of around 6.1%. Household goods added 2.3% to represent the leading …
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30 November 2022 10:09 pm
Fed’s Cook: Time nearing to hike rates in smaller steps
Fed’s Lisa Cook, who before said the US central bank is focused on addressing inflation that is “much too high”, reiterated on Wednesday that inflation is still too high.Cook noted that it could soon be “time for the US central bank to take its foot off the gas when it …
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30 November 2022 9:23 pm
US Dollar slides on disappointing jobs data ahead of Powell’s speech
The US dollar is sliding lower following jobs data in November that missed expectations before a highly awaited speech by Fed Chair Jerome Powell. The dollar index added to earlier losses after the ADP National Employment reading indicating that US private payrolls increased far less than expected in November, suggesting …
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30 November 2022 8:27 pm
Dow falls 200 points as investors await Powell speech
The Dow Jones Industrial Average fell on Wednesday as Wall Street is walking through ponds of economic data and investors await this afternoon speech on the US economy by Fed Chair Jerome Powell. Powell will give his speech before Brookings Institute.The Bureau of Economic Analysis reported that GDP increased at …
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30 November 2022 7:32 pm
US JOLTS reading declines to 10.3 million in October
US JOLTS Job Openings discreetly retreated in October. The number of job openings fell to 10.3 million on the last business day of October versus the previous reading of 10.7 million in September according to the US Bureau of Labour Statistics in its Job Openings and Labour Turnover Summary (JOLTS) …
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30 November 2022 5:27 pm
US: Private sector employment rises by 127,000 in November
The data published by Automatic Data Processing (ADP) showed on Wednesday that private sector employment in the US rose by 127,000 in November. This reading came in weaker than the market expectation for an increase of 200,000. The publication further revealed that annual pay was up 7.6% yearly in November. …
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30 November 2022 4:18 pm
Gold is heading for its best monthly performance in more than two years
Gold prices rose on Wednesday, on their way to recording the largest monthly increase in more than two years, while investors await the speech of Federal Reserve Chairman Jerome Powell, seeking any indications on the path of the US central bank’s monetary policy. Spot gold rose 0.6 percent to $1,760.56 …
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30 November 2022 2:36 pm
Eurozone Preliminary Inflation softens to 10.0% YoY in November
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) eased sharply to 10.0% in November vs. October’s 10.6%, the latest data published by Eurostat showed on Monday. The market forecast was for a 10.4% print. The core figures steadied at 5.0% YoY in November when compared to 5.0% expectations and …
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30 November 2022 1:54 pm
Dollar is heading for the largest monthly loss since 2010
The dollar fell from its highest level in a week on Wednesday ahead of a speech by Federal Reserve Chairman Jerome Powell on Wednesday, while optimism about easing strict Covid restrictions in China put it on track for its biggest monthly loss in more than a decade. The euro did …
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30 November 2022 1:52 pm
The Turkish economy grew 3.9% in Q3
Official data showed on Wednesday that the Turkish economy expanded by 3.9 percent in the third quarter on an annual basis, a rate slightly lower than expected and slower than it achieved earlier in the year, as domestic and external demand were affected by high inflation and the global slowdown. …
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