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Market Analysis

July, 2022

  • 26 July 2022 7:03 pm

    US New Home Sales Fall Below Expectations

    Home purchases, in the United States, dropped 8.1% in June to an annualized 590,000 rate. The number of homes sold awaiting start is at the highest level since January 2022.Sales of new US homes fell for the fifth time this year in June to a more than two-year low. There …

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  • 26 July 2022 5:42 pm

    McDonald’s Earnings Beat, Revenue Misses In Q2

    McDonald’s

    McDonald’s reported on Tuesday second-quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations. McDonald’s announced earnings per share of $2.55 on revenue of $5.72B. McDonald’s shares are up 5% from the beginning of the year, still down 7.66% from its 52-week high of $271.15 set on …

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  • 26 July 2022 4:13 pm

    Kremlin: Hope to install Nord Stream 1 turbine “sooner rather than later”

    Kremlin spokesman Dmitry Peskov said on Tuesday that the gas turbine in Russia’s Nord Stream 1 pipeline had not yet arrived from Canada, where it is undergoing maintenance. Still, Moscow hopes it will be installed “sooner rather than later”. The European Union has repeatedly accused Russia of resorting to energy …

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  • 26 July 2022 2:58 pm

    The path of US interest and Russian gas cuts dominate the currency market

    Despite the markets absorbing the US interest rate hike this week, increasing uncertainty about its future path kept the dollar price below its recently reached 20-year high on Tuesday. In contrast, the recent Russian gas supply cuts kept the euro under great pressure. Later on Tuesday, the Federal Reserve begins …

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  • 26 July 2022 2:05 pm

    Gold rises slightly in narrow-range transactions ahead of Fed

    Gold prices rose somewhat on Tuesday and swung within a narrow range during the day as the dollar weakened, while investors avoided big bets ahead of an expected hike in US interest rates. And the gold price rose 0.5 percent in spot transactions to $1,726.83 an ounce by 0725 GMT. …

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  • 26 July 2022 11:34 am

    Dollar falls for the third consecutive session

    The US dollar fell against a basket of major currencies on Monday as investors weighed the effects of an increase in interest rates from the Federal Reserve on an economy that may be on the brink of recession. The US central bank is expected to raise interest rates by 75 …

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  • 26 July 2022 10:34 am

    Oil continues to rise for a second day amid fears of tight supplies

    Oil prices rose on Tuesday for the second day in a row amid growing fears of tight European supplies after Russia, a major oil and natural gas supplier to the region, cut gas supplies through a major pipeline. Brent crude futures for September rose $1.51, or 1.4 percent, to $106.66 …

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  • 26 July 2022 3:33 am

    Market Drivers – US Session – Monday, July 25

    This week’s trading started amid lower risk appetite although the better performance of US equities has weighed on the US dollar since the European session. The lack of news was perfectly good news for high-yielding currencies. The GBP/USD pair trades at around 1.2050, while AUD/USD nears July high at 0.6977. …

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  • 26 July 2022 2:42 am

    Whirlpool’s Earnings Beat Expectations

    Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of …

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  • 26 July 2022 1:51 am

    Embracing Google Pay Means Faster Payments In Crypto Space

    Crypto.com announced that Google Pay is eventually been added as a payment method on its application for faster and more secure payments. Since the announcement of suspension of Netflix and Spotify benefits on its Visa card, the platform was criticized on social media. Users can now make faster, more efficient …

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  • 26 July 2022 12:57 am

    S&P 500 ends US session flat as investors eye FOMC, earnings

    The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

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  • 26 July 2022 12:07 am

    EUR/USD consolidates ahead of Fed’s decision

    The EUR/USD pair holds within the familiar ranges ahead of the most awaited event this week, namely the FOMC meeting whereas the IFO German business sentiment is at its lowest level in more than two years.At 1.0223, the EUR/USD pair is alternating with the beginning of the week ahead of …

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  • 25 July 2022 10:51 pm

    WTI advances towards $96.50 ahead of API-report, Fed meeting

    WTI crude oil snaps three successive days of losses and rises despite US data showing the US economy is slowing down.A US recession-linked concerns and subsequent China’s Covid-19 lockdowns do sharply weigh on WTI price direction. WTI crude rose 1.40% on Monday as US equities gain, portraying an upbeat market …

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