The GBP/USD pair is bleeding on Wednesday following a brief recovery versus the stronger dollar. At the time of writing, GBP/USD is trading at 1.1609 and is recording a 0.4% loss on the day.The sterling pierced the psychological 1.16 round level and faces its worst month since late 2016 against …
Read More »Oil Prices Rise as U.S.–China Trade Progress and Russian Sanctions Bolster Market Sentiment
Oil prices advanced on Monday, extending last week’s strong gains as signs of progress in U.S.–China…
Gold Slips as Trade Truce Dims Safe-Haven Demand Ahead of Fed Decision
Gold prices extended declines in Asian trading on Monday, weighed down by renewed optimism surroundi…
Asian Markets Rally as Fed Cut Expectations and Trade Truce Boost Sentiment
Asian stocks surged on Monday, with broad-based gains across major markets driven by optimism over a…
Weekly Recap: Markets await three high-impact events, stocks climb “wall of worry”
Global markets are anticipated to face a week full of pressure and fundamental factors that cannot b…
Trump Ends Canada Trade Talks After Reagan-Themed Ad Sparks Diplomatic Rift
U.S. President Donald Trump has abruptly terminated all trade negotiations with Canada, citing what …
Gold Prices Slip Below $4,110 as Investors Weigh Inflation Outlook and Fed Policy Path
Gold prices edged lower on Friday, extending their weekly decline as investors reassessed expectatio…
Oil Prices Secure Modest Weekly Gain as Market Awaits Demand Signals
Crude oil prices edged lower on Friday, capping a choppy week that still saw both major benchmarks p…
Bitcoin Climbs Above $111,000 as Trade Tensions Ease and Inflation Cools
Bitcoin extended its rebound on Friday, climbing near $111,000 and heading for a solid weekly gain, …
Wall Street Soars to Record Highs as Cooling Inflation Fuels Market Optimism
U.S. stocks roared to fresh record highs on Friday as investors cheered softer inflation data that b…
Inflation Ticks Up as Tariffs Push Prices Higher and Shutdown Clouds Economic Outlook
U.S. inflation crept slightly higher in September, signaling renewed price pressures across key sect…
Market Analysis
August, 2022
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31 August 2022 10:35 pm
EUR/USD’s Parity Shifts Attention To Natural Gas
The Euro bids farewell to previous months’ heavy losses. The shared European currency tends to be stabilizing against the US dollar. The EUR/USD hovers around 1.0057 after reaching new week highs.On Monday and Tuesday; however, the EUR/USD pair reclaimed parity and is hesitantly moving towards key resistance level. The Euro, …
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31 August 2022 9:26 pm
Can Wall Street Avoid Fourth Day Of Losses?
US stocks are generally struggling to put an end to the three-day losses. Traders and investors are still busy digest monetary policy signals and comments by the Fed speaks.Any economic downturn would give the Fed reason to ease up its rate hiking stance. Stocks have been subject to heavy selloff …
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31 August 2022 8:38 pm
Gold rebounds as T-yields hold downtrend
Gold prices modestly retreated on Wednesday. During the US session, the Gold Index rebounded from the one-month low at $1,709 and rose to $1,723. The precious metal is hovering around $1,720 and trades at $1718.40 per ounce at the time of writingUS treasury yields fell on Wednesday. Following the August …
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31 August 2022 7:48 pm
Renewed Demand Concerns Still Dragging Oil Lower
WTI crude oil price is down for the second successive day. At the time of writing, the American crude is trading between $90.35 and $90.45 per barrel.Earlier on the day, crude price probed below $90 per barrel. Observers and economists cite pressures by accelerating concerns about the global economy’s slowdown, …
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31 August 2022 7:10 pm
US Private Payrolls Grew Below Expectation in August
Private sector companies added only 132,000 jobs in August. The latest ADP reading, released on Wednesday, indicates a slower pace of hiring after months of robust strong growth in the labour market. August’s reading is far below market expectations standing at 225,000 jobs. There is a shaded zone on the …
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31 August 2022 6:15 pm
Market Drivers – European Session 31/8/2022
The euro slipped back below par against the dollar on Wednesday. They extended its decline for the third consecutive month as the deepening energy crisis fuels recession fears, while the European Central Bank pushes ahead with interest rate hikes. Russia on Wednesday halted gas supplies from the Nord Stream 1 …
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31 August 2022 4:38 pm
The euro fell against the dollar on fears of recession and rate hike
The euro slipped back below par against the dollar on Wednesday. They extended its decline for the third consecutive month as the deepening energy crisis fuels recession fears, while the European Central Bank pushes ahead with interest rate hikes. Russia on Wednesday halted gas supplies from the Nord Stream 1 …
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31 August 2022 3:19 pm
Eurozone Preliminary Inflation rises 9.1% YoY in August
The annualized Eurozone Harmonised Index of Consumer Prices (HICP) rose by 9.1% in August vs. July’s 8.9%, the latest data published by Eurostat showed on Wednesday. The market forecast was for a 9.0% print. The core figures jumped to 4.3% YoY in August when compared to 4.1% expectations and 4.0% …
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31 August 2022 2:19 pm
Oil falls 3% on recession fears
Oil prices continued their decline on Wednesday as investors worried about the weakness of the global economy and the possibility that central banks will raise interest rates and increase restrictions to curb the outbreak of COVID-19 in China. US West Texas Intermediate crude contracts fell $2.58, or 2.82 percent, to …
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31 August 2022 1:22 pm
Gold falls for the fifth month as investors await rate hike
Gold prices fell on Wednesday for the fifth consecutive month as strong US economic data and comments from the Federal Reserve about monetary tightening indicated further interest rate hikes, reducing the attractiveness of the non-yielding yellow metal. Spot gold prices fell 0.1 percent to $1,721.59 an ounce by 0735 GMT, …
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31 August 2022 12:45 pm
European stocks rebounded before the release of inflation data
European shares rose on Wednesday, boosted by the strong performance of technology shares after a three-day sell-off, with inflation data in the region due for release during the session. The pan-European Stoxx 600 index rose 0.4% by 0716 GMT after three consecutive days of losses, but the index is heading …
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31 August 2022 12:03 pm
Japan stocks fall following Wall Street
Japanese stocks gained for the second consecutive month on Wednesday, even as the two major indexes closed lower on Wednesday, weighed down by losses from technology and energy blue-chip companies and Wall Street’s decline. The Nikkei index fell 0.37 percent to 28,091.53 points, while the broader Topix index fell 0.27 …
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