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The euro and the pound sterling fell to a one-month low against the US dollar on Friday, as investors worried about a further slowdown in global economic growth after US central bank officials reiterated the need to raise interest rates. The dollar index rose 0.2 percent to 107.69, after earlier …
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August, 2022
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19 August 2022 3:03 pm
Oil heads for a weekly loss amid recession fears
Oil prices fell on Friday, after two days of gains, and are on track to post a weekly loss on pressure from the strong dollar and fears of a global economic slowdown. Brent crude futures were down 97 cents, or 1 percent, at $95.62 a barrel by 0826 GMT. US …
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19 August 2022 2:09 pm
European stocks fall on recession fears
European shares fell on Friday, heading for a weekly loss on fears that monetary policy tightening, inflationary pressures and an energy crisis could push the global economy into recession. The pan-European Stoxx 600 index was down 0.3 percent by 0721 GMT. Travel stocks led the declines. Among the stocks that …
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19 August 2022 1:17 pm
Gold falls to its lowest level in 3 weeks
Gold prices fell to a three-week low on Friday, as a stronger dollar and expectations of a US Federal Reserve interest rate hike dented the yellow metal’s allure. By 0451 GMT, spot gold fell 0.3 percent to $1,752.89 an ounce, after falling to its lowest since July 28 at $1,751.01 …
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19 August 2022 12:32 pm
Japanese stocks fall
Japanese stocks gave up their gains and closed flat on Friday with the decliners that led the rally recently, while investors awaited a seminar by the Federal Reserve next week. The Japanese Nikkei index closed down 0.4 percent at 28,930.33 points. It had opened with an increase of 0.53 percent …
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19 August 2022 4:27 am
Market Drivers – US Session – Thursday, August 18
The US dollar has strengthened all along US trading hours as best performer. Market players assessed several encouraging US macroeconomic readings that suggest the economy has a good chance to avoid recession, despite technically being in.Economic DataEconomic data refers to Initial Jobless Claims declining to 250,000, below expectations, Philly Fed …
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19 August 2022 4:01 am
Biggest Questions On Iran’s Response To Draft Nuclear Deal
One of the biggest questions in the oil market, this week, is what after Iranians sent their response to the European draft nuclear deal? Iran’s response said neither “Yes”, nor “No” about the EU draft deal, instead the response raises issues which Tehran wants fused into the draft including, but …
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19 August 2022 2:07 am
Finance Ministry: Germany’s economic outlook looks gloomy
The economic outlook for Europe’s largest economy looks gloomy due to soaring energy prices and supply chain disruptions according the Finance Ministry’s August monthly report, published early Friday.Given the early Asian session’s inaction, EUR/USD fails to react to the news and was last seen around the one-month low flashed the …
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19 August 2022 1:54 am
Oil climbs on higher US fuel consumption
Crude oil prices gained about 3% on Thursday on the back of positive US economic data as well as robust US fuel consumption obviously counterbalances concerns that slowing economic growth in other countries could cut demand.Brent futures rose $2.94, or 3.1%, to settle at $96.59 per barrel, while WTI crude …
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19 August 2022 1:14 am
Will EUR/USD retouch parity ahead of the weekend?
The EUR/USD slides below the 1.0100 figure for the first time since July 27, as EUR sellers eye a daily close below 1.0096, which could pave the way for retesting the parity level. At the time of writing, the EUR/USD is trading at 1.0089, well below its opening price, after …
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19 August 2022 12:34 am
XTZ traders will stick to their screens for next 48 hours
Tezos price could take a key turn lower today after the bullish print on Wednesday. XTZ price is at the mercy of global markets which are rolling over on Thursday. Tezos price action has witnessed some gains evaporating in late hours trading on Wednesday after the Fed minutes were released. …
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18 August 2022 11:39 pm
US crude refineries aim to run full capacity in Q3
US crude oil refineries plan to keep running near “Full Capacity’’ this quarter, according to executive directors and market estimates, as refiners broadly decide to put aside worries about recession and sliding retail prices to deliver more fuel.The operating levels will keep US gasoline prices below spring highs while providing …
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18 August 2022 10:51 pm
Fed’s Bullard Favours 0.75 Percentage Point Rate Hike In September
St. Louis Fed Governor, James Bullard said, on Thursday, that he is not prepared to assume that inflation surge has peaked in the United States.Markets have generally surged as investors price in a soft landing for the US economy and the end of peak inflation. But once the US dollar …
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