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Market Analysis

October, 2022

  • 17 October 2022 11:45 am

    Oil rebounds after dollar’s decline

    Oil prices rose during thin trading in early Asian markets on Monday. At the same time, the dollar fell sharply as investors awaited data from China to measure demand in the world’s largest importer of crude oil. Brent crude futures rose 85 cents, or 0.9 percent, to $92.48 a barrel …

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  • 17 October 2022 6:28 am

    Markets’ Weekly Recap, October 10-14

    US stocks fell on Friday, as rising inflation expectations kept alive fears that the path of aggressive Federal Reserve interest rate hikes could lead to a recession. In the final session of a volatile week, stocks opened higher before changing course after data from the University of Michigan showed consumer …

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  • 15 October 2022 4:29 am

    Market Drivers – US Session 14/10/2022

    The 10-year US Treasury yields travelled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data paving the way for more rate hikes by Fed.In response, gold dropped below the $1,650 an ounce level, with December futures last trading at $1,643.87, down 1.74% …

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  • 15 October 2022 3:18 am

    Gold price endangered by soaring Treasury yields

    Gold market is ending the week down nearly $90 from its October highs on renewed concerns regarding the expectations of Fed’s very aggressive stance into end of 2022.The 10-year US Treasury yields traveled above 4% on Friday, while the US dollar index neared 20-year highs after this week’s macro data …

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  • 15 October 2022 2:19 am

    US banks’ profits slide on negative economic expectations

    JPMorgan

    Q3 earnings and profits slid at Wall Street’s biggest banks as they anticipate weaker economy while investment banking was hit hard, but investors saw a small glimpse of light with some banks beating estimates.Central banks fight inflation which is expected to cause an economic slowdown. Fed raised interest rate from …

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  • 15 October 2022 1:36 am

    Yellen some steps back from $60 Russian oil price cap

    US Treasury Secretary Janet Yellen on Friday took steps back from earlier speculation that G7 nations are pondering a $60 per barrel price cap on Russian oil. Yellen also noted that leader have not taken any decision in this regard as well.Under the G7 plan, Russian crude oil that is …

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  • 15 October 2022 12:49 am

    GBP/USD drops amidst UK political row

    The GBP/USD pair falls below 1.1200 due to political row in the UK. At the time of writing, the GBP/USD is trading at 1.1177, below its opening price, after hitting a daily high of 1.1366. The British pound extends its loss amid two weeks of chaos around Liz Truss’s mini-budget, …

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  • 15 October 2022 12:10 am

    Citi: Dollar Will Only Peak When World Slowdown Is Over

    The dollar could continue rallying until the end of the global economic slowdown and growth starts to accelerate again, according to Citigroup Global Markets Inc. Until this happens, the dollar is the now obvious safest haven, as it offers a yield premium over its global rivals and peers. “What we …

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  • 14 October 2022 11:20 pm

    Crude Oil retreats on recession worries

    Oil prices fell more than 3% on Friday as global recession fears and weak oil demand, especially in China, balanced support from a large cut of supply target by the OPEC+ alliance.Brent crude futures dropped to settle at $92.39 a barrel versus the opening level at $95.295, while US crude, …

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  • 14 October 2022 10:17 pm

    EUR/USD drops amid deteriorated market sentiment

    The EUR/USD pair has erased Thursday’s gains, losing 0.53% on Friday. US Consumer Sentiment improved, though Retail Sales slowed down.The EUR/USD daily chart illustrates the major stalled at the 20-day EMA, which exacerbated a fall towards the 0.9720 area. Key support lies at 0.9700, which, once cleared, could open the …

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  • 14 October 2022 9:33 pm

    Pound Struggles, Truss Reverses Plan, UK Finance Minister Fired

    In an unambiguous retreat, British Premier Liz Truss, on Friday, fired her finance minister and partly reversed the tax plan, she previously supported, because the said plan rattled global financial markets, and incited investors’ concerns and fueled a political crisis that still threatens the political future of Liz Truss herself. …

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  • 14 October 2022 9:13 pm

    US Stocks slide amid market volatility

    Stocks retreated on Friday, and generally gave up earlier gains during the session one day after posting a historic turnaround rally as investors digested inflation expectations.The Dow Jones Industrial Average fell 283 points, or 0.94%. The S&P 500 shed 1.82%, and the Nasdaq Composite slipped 2.32%.Stocks fell to session lows …

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  • 14 October 2022 8:47 pm

    US Treasury seeks ways to improve liquidity

    A regular survey ahead of the quarterly refunding announcements was used by the US Treasury Department in order to ask major banks whether the government should buy back government bonds to improve the market liquidity.“The Treasury is also querying whether reduced volatility in the issuance of Treasury bills as a …

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