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Market Analysis

September, 2022

  • 26 September 2022 6:53 am

    Financial Markets’ Weekly Recap, September 19-23

    Capital controls and currency intervention will be among tools emerging Asians can use if rapid US interest rate hikes and the surging dollar force the risk of falling in a debt crisis. So, it is appropriate and helpful to compose the comprehensive picture of financial assets’ performance, last week from …

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  • 24 September 2022 3:33 am

    Market Drivers – US Session 23/09/2022

    After FOMC had turned more hawkish on Wednesday, several waves began to sweep across financial markets on Thursday and also on Friday. Some major central banks are not able to cope with the Fed, this is why the US dollar is soaring and continues to strengthen with the Dollar Index …

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  • 24 September 2022 2:35 am

    Could gold deteriorate further below $1640?

    Gold price stumbled to thirty month low at $1638.90 on Friday before it turned back to trade at $1643 per ounce at the time of writing versus Thursday’s closing price at $1670.95. Volatility in the markets and dramatic FX plays did not leave gold untouched as the precious metal fell …

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  • 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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