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Market Analysis

September, 2022

  • 19 September 2022 1:39 pm

    The dollar is rising ahead of an expected sharp interest rate hike from the US Central

    The dollar climbed to near 20-year highs against other major currencies on Monday, ahead of a slew of central bank meetings, including a meeting of the US Federal Reserve that is likely to approve another big interest rate hike. Exchanges were generally thin, with markets in London and Tokyo closed …

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  • 19 September 2022 12:52 pm

    Gold falls as the dollar rises ahead of the Fed meeting

    Gold fell on Monday under the weight of the dollar’s rally as investors braced for a significant rate hike expected from the US Federal Reserve and other central banks this week to bring down inflation. And gold fell in spot transactions 0.8 percent to $ 1661.65 an ounce at 0724 …

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  • 19 September 2022 12:00 pm

    European stocks open lower as tech stocks fall

    European shares rebounded at the open on Monday and technology shares led the decline amid expectations of a significant interest rate hike by the Federal Reserve (the US central bank) in the coming days. The pan-European STOXX 600 index fell 0.4 percent, hitting its lowest level in two months, while …

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  • 19 September 2022 6:44 am

    Financial Markets’ Weekly Recap, September 12-16

    The dollar rose slightly against the yen on Thursday after data showed a more-than-expected recovery in US retail sales in August, while the Swiss franc reached its highest level against the euro since 2015. Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data …

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  • 17 September 2022 2:29 am

    Market Drivers – US Session 16/09/2022

    Most investors are worried about an aggressive Fed’s hike that could knock the US economy into a recession. At the time of writing, the USD/CAD is trading at 1.3293, above its opening price by 0.51%. The Canadian dollar weakened versus the solid US dollar, piercing the 1.3300 mark briefly during …

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  • 17 September 2022 12:40 am

    Basra spill pushes oil prices up, but weekly decline recorded

    Oil prices slightly rose on Friday on news about Iraq’s Basra terminal’s spill. The news indicates crude supply constraint, but overall, prices are still down on the week on fears that interest rate increases will curb global economic growth and accordingly will impact global demand for fuel.Brent crude futures settled …

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  • 16 September 2022 11:46 pm

    T-Yields soaring ahead of FOMC’s rate decision

    Short-dated Treasury yields soared on Friday while the dollar rose as investors bet on US interest rate hike next week and grew alarmed at signs of a global economic slowdown.The two-year U.S. Treasury yield, a bellwether for interest rate expectations, topped 3.9%. Coupled with a decline in the benchmark 10-year …

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  • 16 September 2022 10:42 pm

    GBP/USD recovers ahead of rate decisions by BoE, Fed

    The GBP/USD pair is expected to finish the current week with more than 1.50% losses, ahead of BoE’s and Fed decisions. The pair is trading at 1.14 at the time of writing versus Thursday’s closing price at 1.1395.The University of Michigan Consumer Sentiment improved versus the last month’s reading, while …

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  • 16 September 2022 9:44 pm

    USD/JPY is set to finish the week with gains

    The USD/JPY pair is maintaining mixed trading as Japanese intervention in the forex markets is underway. The pair is neutral, but a break below 143.00 could pave the way toward 142.99.The USD/JPY slumps for the second day in the week after falling short of testing the YTD high at 144.99, …

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  • 16 September 2022 8:40 pm

    Dow Jones Loses 300 points on FedEx warning

    US stocks fell Friday as Wall Street headed toward a big losing week, and traders absorbed an alarming warning from FedEx concerning earnings and slowdown of the global economy. The Dow Jones Industrial Average dropped 306 points, or 1%. The S&P 500 and Nasdaq Composite slid 1.2% and 1.6%, respectively.Shares …

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  • 16 September 2022 7:50 pm

    Gold could slide further if Fed hikes more than 75 bps

    Gold has been trading below the $1,700 mark for three days. Gold is now trading at $1677.15. The Fed policymakers will meet next week, and an increase of 75 basis points is broadly anticipated. Strategists at Commerzbank have examined how the precious metal could react to such a move. “If …

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  • 16 September 2022 7:00 pm

    Germany seizes Rosneft’s refinery

    Germany

    Germany took control of a major Russian-owned oil refinery on Friday, risking retaliation from Moscow as Berlin struggles to hold up energy supplies and meet its European Union commitment to cut Russian energy imports by the end of 2022.The economy ministry said it was putting a unit of Russian oil …

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  • 16 September 2022 5:54 pm

    European new car sales rise again after 13 months of decline

    New car sales in the European Union returned to growth in August after 13 months of decline. Sales increased 4.4% overall and rose in the main markets of Spain, Italy, Germany, and France, although they remained well below pre-pandemic levels, the European Union of car manufacturers said. This year and …

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