Japan’s Nikkei index closed higher on Wednesday, recovering from the previous session’s losses, as investors turned to Daikin Industries and other companies that posted solid gains. The Nikkei index rose 0.53 percent to 27,741.90 points, falling 1.42 percent on Tuesday, its biggest daily loss in three weeks. The broader Topix …
Read More »Red Sea Tensions Propel WTI Crude Oil Prices Despite Surprise Inventory Surge Per EIA
West Texas Intermediate (WTI) Crude Oil climbed to $68.65 per barrel on July 9, 2025, gaining 0.47% …
Trump Escalates Global Trade Shake-Up with New Tariffs on Seven Countries
President Donald Trump intensified his aggressive trade policy on Wednesday, announcing a fresh wave…
US Dollar Rises Amid Tariff Escalation Ahead of FOMC Minutes
The U.S. Dollar Index (DXY) held steady at 97.64, up 1.5% from its July 1 low of 96.38, after peakin…
Bitcoin Holds at $108,873 Amid Tariff Concerns and ETF Boom
On Wednesday, Bitcoin stabilized at $108,873, down 0.07% after failing to sustain a breakout above $…
Wall Street Poised for Higher Open Despite Trump’s Tariff Moves and Trade Tensions
Wall Street was set for a higher open on Wednesday as investors largely brushed off President Donald…
Tesla Inc. Faces Challenges in 2025 Amid Political Controversies and Declining EV Sales
Tesla Inc. has faced significant challenges in 2025, reflected in its financial performance and mark…
Dollar Strengthens as Trade Concerns and Tariff Threats Drive Market Movements
The U.S. dollar strengthened to a more than two-week high against the yen on Wednesday, following ne…
Oil Prices Retreat Amid U.S. Tariff Uncertainty and Rising Crude Inventories
Oil prices slipped slightly on Wednesday, pulling back from the two-week highs achieved in the previ…
Gold Prices Fall as Dollar Strengthens Amid U.S. Trade Uncertainty
Gold prices retreated on Wednesday as traders moved away from safe-haven assets in response to ongoi…
Dollar Wavers as Markets Await FOMC Minutes and Trade Developments
On July 8, 2025, the U.S. Dollar Index (DXY) edged up to near 98.00, but failed to sustain early gai…
Market Analysis
August, 2022
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3 August 2022 11:45 am
Starbucks earnings beat Wall Street estimates
Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China Here’s what the company reported for the quarter ended July 3 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Here’s what the company reported for the quarter ended July 3 …
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3 August 2022 3:09 am
Market Drivers – US Session – Tuesday, August 2
Risk-aversion came back benefitting the US dollar that is widely considered as a safe haven. US-Sino tensions arose on the arrival of US House Speaker Nancy Pelosi to Taiwan. Pelosi supports the local government against China’s will.Crude oil prices, on the other hand, recovered some ground and the barrel of …
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3 August 2022 2:13 am
Robinhood cutting 23% of jobs, releases Q2 earnings
Robinhood will reduce its headcount by approximately 23%. The American financial services company, headquartered in California, also dropped its earnings report for the second quarter, which showed a decline in monthly active users and assets under custody. Robinhood CEO Vlad Tenev said, on Tuesday, “deterioration of the macro environment, with …
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3 August 2022 1:01 am
Starbucks surpasses earnings, revenue estimates
Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China weighing on its performance.Shares of Starbucks have fallen 27% this year, dragging its market value down to $98.37 billion. The coffee giant suspended its fiscal 2022 outlook last quarter, citing the uncertainty caused by Covid lockdowns in …
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3 August 2022 12:38 am
Uber, Caterpillar, JetBlue fall, SunPower rise
US stocks that traded heavily or had substantial price changes, on Tuesday, include Caterpillar, down $11.35 to $183.51. The construction equipment maker’s second-quarter revenue fell short of Wall Street forecasts. Uber Technologies’ stock was up $4.65 to $29.25. The ride-application-based company reported surprisingly strong second-quarter revenue.BP PLC stock was up …
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2 August 2022 11:27 pm
EUR/GBP struggles amid risk off mood
A risk-off impulse keeps safe-haven peers rising, as geopolitical US-China frays keep traders more cautious. At the time of writing, the EUR/GBP is trading at 0.8350.The EUR/GBP pair is still maintaining a kind of defensive stance as sellers eye a break below 0.8346. The RSI in the EUR/GBP daily chart …
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2 August 2022 10:44 pm
Gold trades around $1770, eying $1,800 amid Taiwan’s row
At the time of writing, gold trades at $1767.5 per ounce. Gold has been back under pressure as US yields spike, but bulls are eying the $1800 level. There is room for further upside with the 68.2% Fibonacci meeting prior weekly structure around $1,800. Markets are cautious over US-China row …
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2 August 2022 9:41 pm
Fed’s Mester Expects Slower US Economic Growth This Year
Loretta Mester, president of the Federal Reserve Bank of Cleveland, joins Washington Post global economics correspondent David J. Lynch to discuss the Fed’s plan to tamp down on inflation and the concerns that it could induce a recession.Key quotesWe’ll be growing below trend this year.We are not in a recession.Haven’t …
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2 August 2022 8:41 pm
EUR/USD retreats on risk-aversion as US dollar boosted
The Euro struggled near 1.0300 and tumbled below 1.0200 before regaining the price level. Prevalent risk aversion keeps traders’ flows into safe-haven peers, including the US dollar.The EUR/USD pair failed to hold above 1.0200, ane could even dive towards 1.0100; otherwise, a rally to 1.0300 is also probable.The Euro remains …
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2 August 2022 7:53 pm
USD/CAD jumps as Pelosi lands in Taiwan
The USD/CAD pair jumped on risk-off impulse, spurred by geopolitical tensions between the US and China.The USD/CAD climbs above the 50-day EMA, due to several factors, including the visit of US House Speaker Nancy Pelosi to Taiwan and increasing tensions between the US and China. That alongside expectations of the …
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2 August 2022 7:17 pm
China slams Pelosi’s visit to Taiwan
In response to US House of Representatives Speaker Nancy Pelosi’s arrival in Taiwan, China’s Foreign Ministry said that Pelosi’s visit seriously violated China’s sovereignty and territorial integrity, as reported by Reuters.As for the market’s reaction, these comments don’t have an immediate significant impact on risk perception. As of writing, the …
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2 August 2022 6:53 pm
Job openings fall sharply in June
The total of US employment vacancies fell to about 10.7 million through the last day of June. Even with the sharp decline, there were still 1.8 open jobs per available worker.Job openings retreated in June to their lowest level since September 2021 in a potential sign that a historically tight …
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