Oil prices rose nearly $3 a barrel on Friday as attention turned to next week’s OPEC+ meeting and dimming expectations that the producer group will boost supply.Brent crude futures for September settlement, due to expire on Friday, gained $2.79, or 2.6%, to trade at $109.93 a barrel by 12:10 p.m. …
Read More »Bitcoin Surges on U.S.-China Trade Talk Progress, Altcoins Follow Suit
Bitcoin experienced a sharp rise on Tuesday as investors reacted positively to the progress in ongoi…
Oil Prices See Modest Gains Ahead of U.S.-China Trade Talks and Ongoing Geopolitical Tensions
Oil prices inched higher on Tuesday as investors cautiously awaited the outcome of ongoing U.S.-Chin…
European Equities Remain Range-Bound as Investors Await Progress in U.S.-China Trade Talks
European equity indices traded in tight ranges on Tuesday, with investors closely watching ongoing t…
Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data
Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite and reduce…
Crude Oil Rises on Trade Talks Hopes, Summer Demand Bets
West Texas Intermediate (WTI) crude oil prices surged past $64.00 per barrel on June 9, 2025, hittin…
EUR/USD Jumps Past 1.14 on Trade Talks Hopes, ECB’s Hawkish Rhetoric
The EUR/USD pair surged beyond 1.1424; climbing over 0.27% as buoyant market sentiment and a firm Eu…
Gold Surges as Dollar Weakens and Trade Talks Shift
Gold prices are climbing, reaching $3,333.95 per ounce, up +0.73% during the North American trading …
WWDC 2025: Wall Street Watches Apple’s Software, AI Upgrades, Market Gains
Apple’s Worldwide Developers Conference (WWDC), kicking off in Cupertino on June 9, 2025, promises a…
How Dollar Dynamics React with U.S.-China Trade Talks
The U.S. Dollar is navigating choppy waters as trade negotiations with China take center stage. Pres…
Falling Inflation Expectations Signal Shifting US Economic Outlook
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, released on June 9, 2…
Market Analysis
July, 2022
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29 July 2022 11:54 pm
EUR/USD rebounds back as US yields retreat
The US dollar loses some of its earlier shine late on Friday amid lower US yields. The EUR/USD pair practically flat for the week and remains sideways.Price keeps moving below 1.0260 and supported by 1.0100. The EUR/USD printed a fresh daily low during the US session at 1.0145 and then …
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29 July 2022 10:55 pm
Russian Ruble Stumbles as Yuan Trading Volumes Jump to Record
Since February 2022, the war in Ukraine has contributed to the acceleration of turning the compasses of Russia’s eastwards and sent local demand for China’s yuan to record highs. This has helped to tame a four-month ruble rally that has accumulated pressure on companies and the budget.Trading volume in the …
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29 July 2022 10:00 pm
US equities surge on positive forecasts from Apple, Amazon
The Nasdaq and the S&P 500 indexes rose on Friday and were seen on track for their biggest monthly gain in nearly 20 months, after positive earnings updates from Amazon.com and Apple, on hopes of a less aggressive monetary policy.Nasdaq, S&P 500 rise on upbeat forecasts from Apple, Amazon© Reuters. …
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29 July 2022 9:57 pm
USD/CAD grips to recovery post-US PCE/Canadian GDP
The USD/CAD pair rebounds from a six-week low set on Friday amid the emergence of fresh USD buying. The upbeat US PCE report revives Fed rate hike bets and remains supportive of the USD bounce.As investors digest the less hawkish FOMC decision and Thursday’s disappointing US GDP print, the US …
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29 July 2022 8:59 pm
Shares fall after Procter & Gamble’s warning on price rises
P&G shares fell 3.5 per cent in premarket trading after the company has warned that cash-strapped customers were increasingly reluctant to accept higher prices, as the US consumer goods group flagged slower sales growth in the next 12 months.The maker of Tide detergent, on Friday, reported a 1 per cent …
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29 July 2022 8:15 pm
Atlanta Fed: US GDP to grow by 2.1% in Q3
According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 2.1% in the third quarter.The US Dollar Index showed no immediate reaction to this news and was last seen posting small daily losses at 106.05.“The initial estimate of …
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29 July 2022 7:41 pm
Gold looking forward to $1770
Gold trades at $1768 per ounce at the time of writing. The Gold Index rebounds after hitting a fresh low, at the same time, US yields erase earlier gains, back near recent lows. Gold prices benefited from Friday’s weaker US dollar during the American session.Gold continues to shine as it …
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29 July 2022 6:57 pm
UoM consumer sentiment rises above expectations
University of Michigan’s consumer sentiment has slightly rebounded in July. The University of Michigan final sentiment came in a little bit stronger than estimate and higher than the preliminary. However, the data still remains near historic low levels.Current conditions were also higher and above last month 57.1. The expectations Index …
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29 July 2022 4:41 pm
US annual PCE inflation jumps to 6.8% in June
Inflation in the US, as measured by the Personal Consumption Expenditures (PCE) Price Index, climbed to 6.8% on a yearly basis in June from 6.3% in May, the US Bureau of Economic Analysis reported on Friday. This reading came in higher than the market expectation of 6.7%. The Core PCE …
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29 July 2022 4:10 pm
Shell ADR Earnings, Revenue Beat in Q2
Shell ADR reported on Thursday’s second-quarter earnings that beat analysts’ forecasts and revenue that topped expectations. Shell ADR announced earnings per share of $3.06 on revenue of $100.06B. Shell ADR shares are up 18.48% from the beginning of the year, still down 16.63% from its 52 week high of $61.67 …
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29 July 2022 3:32 pm
Russia: Committed to the goals of OPEC+
The Russian government said in a statement on Friday that it and Saudi Arabia remain firmly committed to the goals of the OPEC+ agreement to maintain market stability and balance supply and demand in global oil markets. Russian Deputy Prime Minister Alexander Novak met with Saudi Energy Minister Prince Abdulaziz …
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29 July 2022 2:22 pm
Eurozone Preliminary GDP expands 0.7% in Q2
The Eurozone economy expanded by 0.7% on the quarter in the three months to June of 2022, beating 0.2% expected and 0.6% previous, the preliminary release showed on Friday. On an annualized basis, the bloc’s GDP rate rose by 4.0% in Q2 vs. 5.4% booked in the first quarter of …
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