The employment report released on Friday indicated a gain in payrolls of 390K, above the 325K of market consensus. According to analysts at Wells Fargo, the report “lands in a sweet spot for the Fed”. Analysts point out that while the labour market remains clearly tight and is adding to …
Read More »Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Market Analysis
June, 2022
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3 June 2022 7:59 pm
WTI Crude Stabilizes at $117 despite OPEC’s output hike
The WTI crude is holding near Thursday’s highs in the $117 territory despite risk-off Wall Street flows; post-strong US jobs data.Front-month WTI futures held near Thursday’s highs on Friday, despite US equity markets trading with a downside bias on Fed tightening fears following robust US labour market data. WTI retreated …
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3 June 2022 7:18 pm
Gold Seeks Next Direction Post NFP Data
Gold prices immediately retreated after the latest official US labour market data, which revealed 390K jobs were added in May, more than the expected 325K. Markets witness a hawkish reaction to the data, with US Treasury yields and the US dollar rising. The yield on the US 10-year note was …
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3 June 2022 4:35 pm
US Non-farm Payrolls rise by 390K in May versus
The US economy added 390,000 jobs in May, according to the latest Non-farm Payrolls (NFP) report released by the US Bureau of Labour Statistics on Friday. That was above the median economist forecast for a gain of 325,000 jobs, though slightly lower versus April’s 436,000 gain (revised up from 428,000).
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3 June 2022 4:32 pm
Turkey’s annual inflation rises to the highest level since 1998
Data on Friday showed that the annual inflation rate in Turkey jumped to its highest level in 24 years, recording 73.5 percent in May, driven by the repercussions of the war in Ukraine, high energy prices, and the decline of the lira, albeit less than economists’ expectations. Inflation has been …
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3 June 2022 4:19 pm
European stocks open higher, eyes turn to US data
European shares opened higher on Friday as investors awaited US non-farm payrolls data to place bets on the central bank’s tightening of monetary policy while also bracing for any change in the European Central’s stance at its meeting next week. The pan-European Stoxx 600 index saw broad gains in its …
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3 June 2022 4:13 pm
Oil is falling after the OPEC+ decision to increase production
Oil prices fell on Friday after the OPEC+ group decided to increase production targets a little more than planned, but global supply shortages and increased demand as China eased Covid-19 restrictions curbed losses. The OPEC + bloc, which includes the Organization of the Petroleum Exporting Countries (OPEC) and independent oil …
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3 June 2022 3:04 pm
Dollar falls ahead of US jobs data
The dollar fell on Friday as risk appetite increased ahead of US jobs data due later on Friday. Trading witnessed a great calm today, Friday, with the London markets closed due to a public holiday. The dollar index fell 0.1 percent to 101.75 against a basket of other major currencies, …
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3 June 2022 2:18 pm
Russian oil production rises in May
The Russian newspaper Vedomosti, quoting a source in the oil sector, reported that Russian oil production, including gas condensate, grew by five percent in May, compared to April, to reach 43.1 million tons. This amount is equivalent to 10.19 million barrels per day. In the January-May period, Russia’s oil production …
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3 June 2022 1:29 pm
German exports rise 4.4% in April despite dwindling trade with Russia
Data released by the German Federal Statistics Office on Friday showed that the country’s exports rose more than expected in April, rising 4.4 percent from the previous month, while imports rose 3.1 percent. A Reuters poll had expected exports to rise 1.5 percent on a monthly basis. Exports from Germany …
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3 June 2022 12:24 pm
Oil stabilizes after doubts
Oil prices were little changed on Friday and held on to the gains they made in the previous session on doubts that oil producers in the OPEC+ cartel could increase crude production enough to offset Russian oil supply shortfalls. the price of West Texas Intermediate crude futures rose one cent …
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3 June 2022 11:40 am
Gold is at the highest level in a month as the dollar declines
Gold prices hit a one-month high on Friday with the dollar’s decline, which put the precious metal on track to record its third consecutive weekly increase. By 0214 GMT, spot gold rose 0.2 percent to $1,871.28 an ounce, its highest level since May 9. Gold prices are up about 1 …
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3 June 2022 10:48 am
Nikkei closes at a two-month high
Japan’s Nikkei closed at a nearly two-month high on Friday, boosted by gains in Fast Retailing shares after the company reported strong domestic sales. The Nikkei index rose 1.27 percent to close at 27,761.57 points, the highest closing level since April 5, recording the largest weekly jump since March 25, …
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