European shares opened trading Thursday, November 10, with declines, led by the real estate sector, amid anticipation of inflation data in the United States to determine whether the US Federal Reserve will ease the monetary tightening policy. The Stoxx 600 index was down 0.3% by 08:14 GMT, ending three days …
Read More »Fed’s Hammack Signals Patience as Inflation Remains High
Federal Reserve Bank of Cleveland President Beth Hammack said the Fed is in a strong position to mon…
NFP in Focus: Gold, Dollar, and Stocks Brace for a Defining US Jobs Test
Global markets are entering a decisive moment as investors shift their full attention to the upcomin…
Eurozone Defies the Slowdown as Growth Holds and Inflation Cools
The euro area ended last year on a stronger footing than many had expected, showing resilience despi…
U.S. Import Prices Flat in December After Prior Month Decline
U.S. import prices were unchanged on a year-on-year basis in December, marking a stabilization after…
U.S. Stock Futures Flat as Investors Weigh Weak Retail Sales and Earnings Season
U.S. stock index futures were little changed on Tuesday, as investors digested softer-than-expected …
U.S. Retail Sales Stall in December, Signaling Slower Momentum in Consumer Spending
U.S. retail sales unexpectedly stagnated in December, pointing to a sharper-than-expected slowdown i…
European Stocks Mixed as Earnings Season Rolls On Amid Improving Global Sentiment
European equities traded in mixed fashion on Tuesday, as investors weighed a heavy slate of corporat…
Bitcoin Slips Below $70,000 as Investors Await Key U.S. Jobs and Inflation Data
Bitcoin fell back below the $70,000 level during Asian trading on Tuesday, once again struggling to …
Oil Prices Edge Lower as Strait of Hormuz Risks and Russia Sanctions Shape Market Outlook
Oil prices slipped slightly on Tuesday as traders weighed the risk of potential supply disruptions l…
Hedge Funds Bet Big on US Stocks Amid AI Disruption and Market Volatility
Hedge funds are increasingly taking bold short positions on US stocks, signaling growing anxiety ove…
Market Analysis
November, 2022
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10 November 2022 1:37 pm
Oil falls for the fourth day, affected by demand concerns in China
Oil prices extended losses on Thursday for the fourth consecutive session as the renewal of anti-Covid-19 restrictions in China raised concerns about fuel demand in the world’s largest importer of crude. China is fighting an increase in the number of infections in several economically important cities, including the capital, Beijing. …
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10 November 2022 12:30 pm
Japanese stocks close lower after disappointing business outlook
Japanese stocks fell on Thursday, tracking losses incurred by Wall Street overnight, as heavyweights such as Honda Motor and Sumitomo Rubber Industries fell after disappointing expectations. The Nikkei index fell 0.98 percent to close at 27,446.10 points. The broader Topix index also fell 0.66 percent to 1936.66 points. Honda Motor …
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10 November 2022 11:55 am
Gold prices rise as dollar falls ahead of US inflation data
Gold prices rose on Thursday, supported by the decline in the dollar, but they are moving within a relatively narrow range amid caution ahead of the release of US inflation data that may affect future Federal Reserve decisions on raising interest rates. Spot gold rose 0.3 percent to $1,710.62 an …
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10 November 2022 11:26 am
Oil stabilizes as ahead of US inflation data
Oil prices stabilized on Thursday, after falling for three days, affected by the renewal of anti-Covid-19 restrictions in China, the largest importer of crude in the world, as well as by traders’ anticipation of US inflation data that may provide indications regarding future interest rate hikes. By 0534 hrs, Brent …
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10 November 2022 2:32 am
Market Drivers – US Session 09/11/2022
Global news came mixed on Wednesday. News from China impacted market sentiment and risk appetite after another district lockdown due to covid infections. Russia is withdrawing from Kherson, the only Ukrainian regional capital captured since the invasion began, as Moscow cannot keep supplying troops and Russian President Vladimir Putin would …
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10 November 2022 2:20 am
EUR/USD rebounds from parity ahead of US CPI
The EUR/USD pair found an immediate bolstering factor around 1.0000 ahead of the key US CPI data expected on Thursday. US shares were subject to massive selloff transactions amid anxiety ahead of US midterm elections.The Eurozone CPI is still seen at 3% in three years and 5.1% in the next …
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10 November 2022 12:40 am
US October Consumer Price Index Preview
Used car prices would well serve as one of the primary indicators as well as a sizable component of rising inflation. Used car prices have witnessed a sharp increase since the mid 2021s. The latest data showed earlier in the month that used car prices dropped by 2.2% in October, …
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9 November 2022 11:37 pm
Gold retreats on US Treasury auction
Gold is now some steps back in the hands of the bears as traders await the key US CPI data. Gold is currently under pressure following, dropping at the turn of the past hour after a spike to the day’s highs, trapping breakout traders long when the US treasury notes …
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9 November 2022 10:42 pm
USD/JPY’s recovers, but finds resistance at 146.55
The US dollar’s rebound from 145.15 is limited below 146.00. The market has turned cautious ahead of the results of US elections and CPI data, this is why the USDJPY is risking further decline to 142.00. The US Dollar’s recovery from two-week lows at the 145.15 area lost momentum at …
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9 November 2022 9:33 pm
Fed’s Barkin: Inflation fight may lead to downturn
Fed’S fight against inflation may lead to a downturn in the US economy but that is a risk that the Fed will have to take, Richmond Fed President Thomas Barkin said on Wednesday, as reported by Reuters.The US Dollar showed no immediate reaction to these comments and the US Dollar …
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9 November 2022 8:29 pm
WTI losses extend below $86 on Chinese demand-linked concerns
Oil prices have declined for the third consecutive day, to reach levels near $86. Concerns about a decline on demand from China are weighing on prices. US crude stockpiles increased above expectations last week.Front-month WTI crude futures are depreciating for the third consecutive day on Wednesday. Concerns about a potential …
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9 November 2022 7:30 pm
US Wholesale Inventories Eased in September
Inventories at US wholesalers rose in September, although at a slower pace compared with the previous month as demand weakens.Inventories of US merchant wholesalers increased 0.6% in September on month, easing from a upwardly revised 1.4% increase in August, the Commerce Department said Wednesday.
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