At its July 5 monetary policy meeting, the Reserve Bank of Australia (RBA) board members decided to raise the official cash rate (OCR) by 50 basis points (bps) from 0.85% to 1.35%, as widely expected. A Reuters poll of 33 economists showed the RBA will increase its cash rate by …
Read More »Market Drivers – US Session: Focus Shifts Back to US Jobs Data
On Wednesday, the US Dollar edged slightly higher, continuing its rebound from last week’s mul…
Stock Markets Defy Tariff Jitters as Nvidia Soars and Fed Eyes Rate Cut
US stock markets climbed on July 9, 2025, despite President Donald Trump’s new tariff announcements …
Trump’s Tariff Threat Sparks Copper Price Boom
US copper prices hit an all-time high of $5.73773 per pound following President Trump’s announcement…
FOMC Minutes: Fed Poised for Rate Cut as Tariffs Loom
The Federal Open Market Committee’s June 2025 minutes reveal a consensus among most Federal Reserve …
FOMC Minutes point to lower inflation ahead
A few officials at the Federal Reserve’s June 17-18 meeting expressed the view that interest r…
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…
Market Analysis
July, 2022
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5 July 2022 4:01 am
Market Drivers – US Session – July 4
Asian shares achieved shy gains, but European indexes maintained the green the territory with some difficulty, reflecting persistent growth and inflation concerns while Wall Street futures responded to such fears by edging lower.Financial markets witnessed a quiet start of the week, as US markets were closed commemorating the Independence Day …
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5 July 2022 2:50 am
RBA Expecteed To Hike Interest Amid Recession Fears
The Reserve Bank of Australia is expected to decide an additional increase the national interest rate amid accelerating recession-linked concerns. The RBA will have July’s monetary policy meeting on Tuesday amid expectations of interest rate hike for the third successive time. RBA policymakers indicated that a 0.25 or a 0.5 …
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5 July 2022 1:23 am
BTC/USD Struggles With Support Ahead Of FOMC Minutes
Bitcoin price, despite latest improvement above $20k, has remained vulnerable to economic data particularly ahead of the awaited FOMC Minutes.BTC/USD currently consolidates between key technical support and resistance. Cryptocurrencies tend to benefit from the US holiday but most crypto assets are expected to encounter a relatively tough week ahead. After …
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5 July 2022 12:33 am
Gold steadies in the quiet before the storm
At $1,807.17, gold price is slightly retreating in the midday US session as markets are on holiday. Bond markets are closed on the occasion of the US Independence Day, but the US dollar has seen two-way price action which has both supported and sunk gold at the start of the …
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4 July 2022 11:24 pm
GBP/USD flattened ahead of UK PMIs, US Factory Orders
The British pound’s performance is flat during the day, though slightly positive after a noticeably quiet trading day. Weaker UK economic data, high inflation, and slowing growth paint a stagflationary scenario for the GBP.On Tuesday, the UK S&P Global/CIPS Services and Composite PMIs to shed additional information on the British …
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4 July 2022 10:31 pm
EUR/USD Drops Toward 1.0400 On Independence Day Holiday
US markets are closed and price action is limited. So far, the US dollar recovers and turns positive. But, the EUR/USD pair seems unable to hold to gains, and is still vulnerable.The EUR/USD dropped from 1.0461 to 1.0416, approaching the Asian session low as the US dollar recovered strength. Volatility …
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4 July 2022 9:47 pm
Turkey’s inflationary pressures would continue due to domestic, global factors
The Consumer Price Index Turkey rose in June by 4.98%, and the annual rate approached 8%; slightly lower than market consensus (5.7%) and expectations that suggest (5.5%), which resulted in an annual figure of 78.6%. The downside surprise was due to lower food prices, particularly processed food conflicting with the …
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4 July 2022 8:04 pm
Scholz: Current crisis won’t be over in a few months
German Chancellor Olaf Scholz said on Monday that his government will continue to meet regularly with unions on energy price and inflation issues while noting that the current crisis will not be over in a few months.Scholz’s comments don’t have any immediate impact on the Euro’s performance against rival currencies. …
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4 July 2022 7:21 pm
ECB’s de Guindos: Elevated inflation will remain with us for some time
European Central Bank Vice President Luis de Guindos said on Monday that they have seen inflationary pressures broaden and intensify across many goods and services in recent months.The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading flat on the day at 1.0430.Key Quotes“Elevated inflation …
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4 July 2022 6:02 pm
The dollar is falling against the euro and pound
The euro and sterling rose against the dollar on Monday in quiet trade amid the holiday season in the United States while risk appetite improved globally. With US markets closed for the Independence Day holiday, markets expected light trading on Monday and major currencies gained ground at the expense of …
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4 July 2022 4:50 pm
Gold prices fall as rates rise in July
Gold prices fell on Monday as higher interest rates made the precious metal less attractive but the dollar’s decline helped hold gold above the $1800 support. Spot gold fell 0.2 percent to $1,806.58 an ounce by 1121 GMT, after touching a five-month low of 1,783.50 on Friday. US gold futures …
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4 July 2022 3:38 pm
Swiss inflation rises to a 29-year high of 3.4%
Swiss inflation touched a 29-year high of 3.4% in June, more than economists had expected, and for the first time in Switzerland inflation exceeded 3% since 2008. This reading fueled talk that the central bank may tighten its policy again soon after raising its policy rate last month for the …
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