The odds of a 50 bps interest rate hike have elevated after Fed Powell’s comments at the IMF meeting. Higher inflation pressures in a very tight labor market are compelling for squeezing the liquidity. A double bottom formation has raised expectations of a reversal in the gold prices.Gold price has …
Read More »European Stocks Edge Higher as Tariff Hopes and Busy Earnings Week Lift Sentiment
European shares opened the week slightly higher on Monday, as investors weighed tentative signs of e…
Gold Prices Slip Further as Hopes for U.S.-China Trade Deescalation Weigh on Safe-Haven Demand
Gold prices extended their recent declines in Asian trading on Monday, moving further away from last…
Oil Prices Edge Higher but Remain Pressured by Trade and Supply Concerns
Oil prices inched higher on Monday, but gains remained modest as uncertainty over U.S.-China trade t…
Asian Stocks Mixed as Toyota Surges, U.S.-China Trade Uncertainty Lingers
Asian stock markets traded mixed on Monday, with Japanese shares outperforming following a surge in …
Bank of Japan Expected to Hold Rates Steady Amid Rising Global Trade Risks
The Bank of Japan (BOJ) is widely expected to leave interest rates unchanged at its policy meeting c…
Weekly market recap: China dictates market directions
US dollar managed to grasp confidence of investors gradually after positive developments of a potent…
Wall Street Wins the Week Despite Trade Winds and Economic Concerns
A resilient Wall Street concluded a positive week, with gains fueled by the market’s heavyweig…
Gold Retreats Below $3,300 on Dimmed Trade Hopes, Firmer Dollar
Gold prices took a sharp dive below the $3,300 threshold, shedding over 1.60% to trade at $3,294, as…
Bitcoin Consolidates Near $94,000 Amidst Strong Institutional Demand and Shifting Market Sentiment
Bitcoin’s price is currently consolidating around the $94,000 mark, with a 0.85% gain on Frida…
Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes
The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% to hover near 99.…
Market Analysis
April, 2022
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22 April 2022 2:34 am
Brexit Risks Could Come Back
UK prepares law to give ministers power to tear up Northern Ireland post-Brexit trade deal. The UK government is preparing a legislation that will give ministers sweeping powers to tear up the post-Brexit deal governing trade in NI. Meanwhile, David Frost who negotiated the Brexit deal, and other senior Conservatives, …
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22 April 2022 12:16 am
US Dollar Benefits From Hawkish Fed Language, Euro In Demand
Risk-off trading conditions, triggered in part by a rise in US yields amid hawkish Fed rhetoric, saw US equities dip on Thursday and the safe-haven US dollar outperform, especially against its more risk-sensitive G10 peers like the Australian, New Zealand and Canadian dollars. The US Dollar Index (DXY) reversed an …
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21 April 2022 11:58 pm
US Shares Drop As Markets Digest Hawkish Fed Comments
Major US equity indices reversed early gains on Thursday amid hawkish comments from Fed Chair Powell. The S&P 500 dipped back to 4,400, having earlier rallied above 4,500 on initial strength related to strong Tesla earnings.Major US equity indices reversed early gains on Thursday as US yields rallied following hawkish …
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21 April 2022 11:31 pm
Piper Raises natural gas price forecast
Piper Sandler commodity analysts updated the bank’s US natural gas forecast Thursday, flagging increased exports, increased demand and “pervasive capital discipline” all leading to higher medium-term natural gas prices (UNG).Analysts now see Henry Hub (NG1:COM) averaging $6.50 in 2022, $5.50 in 2023 and $4.00 long-term; compared to prior estimates of …
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21 April 2022 11:22 pm
Treasury Yields Resume Climb As US Shares Further Drop
US stocks fell as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. Meanwhile, the US dollar is gaining momentum.Treasury yields rose across the curve, with the policy-sensitive two-year rate climbing as much as 15 basis points 2.73% as …
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21 April 2022 10:14 pm
BoE’s Bailey: Scale of real income shock will cause slowdown in UK growth
Western countries should not appease Russia following its invasion of Ukraine even if there are difficult economic consequences, Bank of England Governor Andrew Bailey said on Thursday. “What Russia is doing in Ukraine is appalling,” Bailey said at a discussion in Washington hosted by the Peterson Institute for International Economics.“My …
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21 April 2022 9:59 pm
Powell Reiterates Fed’s plan to get interest rates “expeditiously” to neutral
Fed Chairman Jerome Powell on Thursday said the central bank is committed to raising rates “expeditiously” to bring down inflation. When asked about the topic of inflation at an IMF panel, Powell noted that the Fed is no longer counting on inflation coming back down, as these expectations of supply-side …
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21 April 2022 6:29 pm
Biden: US sends weapons directly to the Ukraine front lines
US President Joe Biden, in a speech about the latest US military aid package for Ukraine, said that the US is sending weapons “directly to the front lines of freedom”, reported Reuters on Thursday. Joe Biden took to the podium today to announce that the US will provide another $800m …
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21 April 2022 5:56 pm
White House: Strong GDP Growth In 2022
The White House sees more risks to US economic activity in the months ahead thanks to rising prices and Russia’s invasion of Ukraine, but still expects healthy GDP growth in 2022.A senior administration official said inflation, caused in part by Russia’s attack on Ukraine, and supply chain hiccups are additional …
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21 April 2022 4:46 pm
Nasdaq leads US stock gains ahead of today’s session
There were 184,000 US Initial Jobless Claims in the week ending on 16 April, the latest data released by the US Department of Labour showed on Thursday, a tad above the expected decline to 180,000 from 186,000 a week earlier. That meant the four-week average number of initial claims rose …
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21 April 2022 2:40 pm
The euro rises to its highest level in a week
The euro rose to a one-week high on Thursday as market expectations crystallized that the European Central Bank would implement its first interest rate hike as soon as July. European Central Bank President Joachim Nagel joined other policymakers this week in saying the bank may raise interest rates at the …
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21 April 2022 1:59 pm
Eurozone final inflation rises 2.4% MoM in March
Eurozone’s Inflation rose 7.4% in March, on a yearly basis, according to Eurostat’s final reading of the Eurozone Harmonised Index of Consumer Prices (HICP) report for the month. The reading disappointed expectations of 7.5% while against the 7.5% previous. Core figures rose by 2.9%, missing the 3.0% market estimates.
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