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Market Analysis

September, 2022

  • 24 September 2022 2:10 am

    Not Cold Enough War: Could Global Economy Incur Further Pain?

    The stock market has experienced two rough weeks, ending recently with a warning from FedEX about an imminent slump in the global economy that sent shares to the red territory.FedEx is but one business among millions of companies across the world, especially in the advanced countries. Transportation stocks are giving …

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  • 24 September 2022 12:36 am

    USD/CHF climbs to fresh highs above 0.9800

    THE USD/CHF pair has extended its weekly gains to 1.98% after the Fed and SNB monetary policy decisions. The major break above the 0.9600-0.9700 range, registering a fresh weekly high at 0.9851.The pair advanced during Friday’s US session, gaining 0.60%, courtesy of a risk-off impulse spurred by fears of a …

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  • 23 September 2022 10:47 pm

    Explainer: Why Has Sterling Been Battered On Friday?

    The British government bond yields surged by the most in one day in over three decades on Friday, the pound slid to a fresh 37-year against the American dollar after UK finance minister Kwasi Kwarteng laid out a series of tax cuts in a move that is meant to boost …

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  • 23 September 2022 9:45 pm

    WTI nosedives to new eight-month-lows, below $79 per barrel

    WTI, drops below $80.00 per barrel on Friday, while the US Dollar remains buoyant as the US Dollar Index rises to levels last seen on May 2002, a headwind for the US dollar-denominated commodity. Therefore, WTI is trading at $78.80, below its opening price by almost 6%, after hitting a …

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  • 23 September 2022 8:52 pm

    EUR/GBP surges on weaker sterling to fresh highs

    The pound falls across the board on Friday. The EUR/GBP pair is having best day since March 2020 on the collapsing sterling.After a brief pullback, the EUR/GBP pair resumed the upside and hit levels above 0.8900 for the first time since 2020. So far, the cross peaked at 0.8910. It …

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  • 23 September 2022 8:22 pm

    SNB’s Jordan doesn’t rule out more interest rate rises

    Swiss National Bank (SNB) Chairman Thomas Jordan said on Friday that further rate rises cannot be ruled out, as reported by Reuters.The USD/CHF pair edged slightly lower on these comments and was last seen rising 0.42% on the day at 0.9808.Key Quotes “Swiss inflation has risen much more than expected, …

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  • 23 September 2022 7:49 pm

    Danske Bank: Global QT, Weaker China Boost US Dollar

    Analysts at Danske Bank forecast the AUD/USD pair at 0.67 in a month, at 0.67 in three months and at 0.66 in six months. They point out the Australian dollar could receive some support from a tight supply of several commodities. Key Quotes:“The persistent global inflation has increased the risk …

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  • 23 September 2022 7:21 pm

    Dow drops 400 points on slowdown, recession fears

    US stocks collapsed on Friday and were heading to record another losing week as investors are generally afraid that the Fed’s hawkish stance could lead to an economic downturn.The Dow Jones Industrial Average fell by 470 points, or 1.55%, while the S&P 500 slid 1.8%. The Nasdaq Composite lost 1.8%.Friday …

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  • 23 September 2022 6:47 pm

    Breaking: GBP/USD sinks to 37-year lows

    The GBP/USD pair is collapsing from 1.1200, eyeing a break below the 1.1000 mark which was last seen in March 1985. The sour market sentiment, spurred by worldwide central banks’ monetary tightening to suppress price pressures.The GBP/USD is trading at 1.0965, below its opening price by more than 2%, after …

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  • 23 September 2022 6:37 pm

    Oil falls 4% on slowdown, recession concerns

    On Friday, crude oil prices fell to a nine-month low as recession fears are sweeping across global risk assets and the US dollar continued this year’s advancement to reach a fresh two-decade high against rival currencies. At the time of writing, Brent trades at $84.72 per barrel while WTI trades …

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  • 23 September 2022 3:42 pm

    Hungary and Russia talk over gas and nuclear plant

    The Hungarian Foreign Minister said Friday that he met his Russian counterpart Sergei Lavrov in New York, where they discussed gas supplies and the construction of the Pax nuclear reactor being built by Russia’s Rosatom. Foreign Minister Peter Szijjarto said in a Facebook video after the meeting, which took place …

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  • 23 September 2022 2:00 pm

    Gold is confined to a narrow range

    Gold prices moved in a narrow range on Friday, as the dollar stabilized near a 20-year peak, and the prospect of a larger Federal Reserve interest rate hike in the future undermined the non-yielding yellow metal’s allure. And gold settled in spot transactions at $ 1670.19 an ounce by 0658 …

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  • 23 September 2022 12:58 pm

    European shares continue to decline

    European shares fell at the open on Friday after major central bank actions during the week, including signals from the Federal Reserve that it will continue to raise interest rates, while Credit Suisse shares fell after asking for money from investors. The pan-European Stoxx 600 index was down 0.2 percent …

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