The Economic Sentiment Index component of the ZEW Survey for Germany declined to -55.3 in August from -53.8 in July. This reading came in worse than the market expectation of -53.8. Furthermore, the Current Situation Index declined to -47.6 from -45.8. Finally, the Economic Sentiment Index for the eurozone slumped …
Read More »USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Bulgaria and Ukraine: Eurozone Ambitions and Economic Alignment
Bulgaria’s path to euro adoption, scheduled for January 2026, and Ukraine’s pursuit of EU integratio…
Will the ECB Cut Rates Again? More About Opportunities, Challenges for the Eurozone
The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2%…
China and EU Push For Fresh Trade Talks In July
China and the European Union have scheduled urgent trade negotiations to address escalating economic…
Market Analysis
August, 2022
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16 August 2022 1:33 pm
Gold prices stabilize as US Treasury yields fall due to the dollar’s rise
Gold prices stabilized on Tuesday, as a stronger dollar and fears that the Federal Reserve would raise interest rates again put pressure on US bond yields. And gold settled in spot transactions at $ 1779.39 an ounce, and US gold futures fell 0.1 percent to $ 1795.70. The US 10-year …
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16 August 2022 12:45 pm
The Nikkei index closes stable amid economic concerns
Japan’s Nikkei closed little changed on Tuesday; energy-related stocks and shipping companies were the biggest losers, while sentiment was lowered by concerns about slowing US and Chinese economies. The Nikkei index closed down 0.01 percent at 28,868.91, ending two days of gains that brought it to its highest level in …
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16 August 2022 12:15 pm
Oil extends losses as demand outlook continues to weaken
Oil prices fell on Tuesday after disappointing economic data from China, the largest crude buyer, revived fears of a global recession. Brent crude futures fell 73 cents, or 0.8 percent, to $ 94.37 a barrel by 0313 GMT. US West Texas Intermediate crude futures fell 44 cents, or 0.5 percent, …
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16 August 2022 3:10 am
Market Drivers – US Session – Monday, August 15
The EU is working on a final draft concerning the nuclear deal with Iran as Tehran asks for further flexibility on the part of the United States. Iran is expected to provide an answer by the end of the day. The EU wants to bring back Tehran’s nuclear deal amid …
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16 August 2022 3:02 am
Inflation expectations retreat ahead of FOMC Minutes
Wednesday’s FOMC Minutes will be crucial for near-term directions amid uncertainty over the policymakers’ bias after the latest inflation readings and the size of the next rate hike. To sum up; Wednesday is all about the July FOMC minutes and while the minutes are some weeks old, no one is …
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16 August 2022 1:32 am
Responding to EU nuclear draft, Iran seeks US flexibility
Iran responded to the European Union’s “final” draft text to save a 2015 nuclear deal on Monday, an EU official said, as the Iranian foreign minister called on the United States to show flexibility to resolve three remaining issues.While Washington has said, per Reuters, it is ready to quickly seal …
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16 August 2022 12:47 am
What Could Chinese Dull Economic Data Mean For Commodities?
Commodities traders are sitting on edge of their seats following the latest batch of Chinese economic data. Almost all commodity-related assets have been impacted. For example; oil prices plummeted by nearly 5% in early trading on Monday.In commodities, WTI drifts 3.5% lower to trade around $88, but at the time …
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16 August 2022 12:07 am
US Stocks Boosted By Growth Shares Gains
The US stocks ended higher on Monday, adding to recent robust gains, with megacap growth shares rising as US Treasury yields eased. Shares of Apple Inc and Microsoft Corp were among the biggest boosts to the S&P 500 and Nasdaq.According to preliminary data, the S&P 500 gained 15.94 points, or …
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15 August 2022 11:17 pm
NZD/USD Drops As Traders Eye RBNZ Rate Decision
The NZD/USD pair drops from last week’s highs around 0.6468 on risk aversion. China’s economic slowdown looming and bleak NY Fed Empire State Index underpin the US dollar.The Reserve Bank of New Zealand is expected to hike rates by 50 bps on Wednesday. The NZD/USD snaps five days of gains …
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15 August 2022 10:24 pm
Canada CPI to edge lower to 7.8% in July
Analysts expect the annual Consumer Price Index (CPI) in Canada to decline to 7.8% in July from 8.1% in June with lower energy prices and larger base effects weighing on the headline print.Food prices and rents should bounce back from their muted performance in June, while mortgage interest costs provide …
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15 August 2022 9:28 pm
Power Prices Hit Record In Germany As Energy Crisis Deepens
Next-year electricity rates in Germany advanced as much as 3.7% to 477.50 euros ($487) a megawatt-hour on the European Energy Exchange AG. That’s almost six times as much as this time last year, with the price doubling in the past two months alone.European power prices jumped to a fresh record …
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15 August 2022 8:40 pm
Aramco’s Profit Jumps 90 Percent On Higher Crude Prices
The giant Saudi oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia’s invasion of Ukraine in February.Aramco announced that its second-quarter profit jumped 90 percent over the same period a year ago, reaching …
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