The GBP/USD 4-hour scale depicts the pair as neutral-downward biased and might test the 1.2000 figure, short term.GBP/USD pair has trimmed some of last Friday’s losses but the asset is still trapped between the 20 and 50-DMA. The daily chart depicts the pair trending between a descending channel as sellers …
Read More »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
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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
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Post-CPI Data: Dollar Strengthens Against Yen as U.S. Business Activity Outshines Inflation Slowdown
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US CPI Inflation Slows to 3% in September, Below Forecasts
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Wall Street Futures Edge Up as Trade Hopes Clash with Inflation Watch
U.S. stock futures advanced marginally on Friday as investors paused to await the highly anticipated…
Bitcoin Climbs Past $111,000 as Trade Tensions Ease and CZ Receives Trump Pardon
Bitcoin surged above the $111,000 mark on Friday, securing a likely weekly gain as global risk appet…
Market Analysis
August, 2022
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8 August 2022 9:39 pm
Nvidia stock drops on preliminary earnings warning
Nvidia’s Q2 earnings will be announced after at least two weeks, but the company has found its way to news headlines after its preliminary numbers were revealed on Monday and the results are not looking good. The gaming revenue is reported at $2.04 billion, a staggering 33.33 percent decrease from …
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8 August 2022 8:45 pm
US stocks give up earlier gain, impacted by chips
US Stocks were little changed on Monday, following the S&P 500′s third straight weekly gain, as investors shifted focus to a key inflation report this week and struggles for the semiconductor industry.The Dow Jones Industrial Average gained 31 points or 0.1%. The S&P 500 and Nasdaq Composite were flat. Stocks …
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8 August 2022 7:57 pm
New York Fed’s inflation expectation retreat to 6.2% in July
The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US Consumers’ one-year inflation expectations declined to 6.2% in July from 6.2% in June. The three-year inflation expectations edged lower to 3.2% from 3.6%.The US dollar stays reluctant following this report and the …
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8 August 2022 7:16 pm
Gold steadies as jobs data triggers bets on big US rate hike
Gold futures traded higher on Monday after Friday’s jobs report showed the pace of hiring unexpectedly surged last month, suggesting the Federal Reserve may have to remain aggressive in its effort to cool the economy.Gold futures steadied on Monday as July’s US jobs data cleared the way ahead for more …
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8 August 2022 6:15 pm
Gold rises as dollar and bond yields fall
Gold turned higher on Monday as the dollar and Treasury yields tumbled with attention this week on US inflation data, which could influence the US central bank’s next rate hike decision. And gold rose in spot transactions 0.5% to $ 1782.36 an ounce (an ounce) by 1252 GMT, after declining …
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8 August 2022 4:06 pm
Oil near multi-month lows as demand concerns grow
On Monday, oil prices moved away slightly from multi-month lows as fears of declining demand due to pessimistic economic prospects outweighed positive economic data from China and the United States. Brent crude futures erased earlier gains and fell 51 cents, or 0.5 percent, to $94.41 a barrel by 0816 GMT. …
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8 August 2022 2:49 pm
The dollar is falling, losing some employment data gains
The dollar fell on Monday, losing some of the gains it made on the back of strong US employment data released on Friday as currency markets reversed their initial reaction. The higher-than-expected US employment data last week boosted the dollar’s strength against the major currencies. Traders saw the data as …
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8 August 2022 1:09 pm
Chinese exports to Russia rose for the first time in 5 months in July
Official customs data showed that Chinese exports to Russia rose significantly in July after a 4-month decline. Reuters calculations based on customs data indicated that exports to sanctioned Russia rose 22.2 percent in July from the previous year in dollar terms, reversing a 17 percent decline in June, the first …
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8 August 2022 12:21 pm
Nikkei closes at a 4-month high, amid strong expectations for companies
The Japanese Nikkei index closed at its highest level in more than four months on Monday, as investors flocked to stocks of companies that announced strong expectations, while caution ahead of the US consumer price report limited gains. The Nikkei rose 0.26 percent to 28,249.24 points, its highest close since …
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8 August 2022 11:53 am
The price of gold fell after strong US data reinforced the prospects rate hike
Gold prices fell on Monday after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly, sending dollar and Treasury yields higher. And the price of gold in spot transactions 0.1 percent to 1771.74 dollars an ounce (an ounce) at 0454 GMT, …
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8 August 2022 5:32 am
Financial Markets’ Weekly Recap, Aug 1-5
The robust set of job market data seemed to have cleared much concern over the US recession and set the tone for the financial markets. Benchmark treasury yields jumped as traders added bets on Fed continuing with the current pace of tightening beyond neutral. However, despite that, stock markets were …
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6 August 2022 2:45 am
Market Drivers – US Session – Friday, August 5
Gold price maintained defensive stance late during the New York session after an early US employment report showed that the Fed is right about pushing back on recession chatter. Gold is trading at $1773.33, down by almost 1%.Before Wall Street opened, the US Bureau of Labour Statistics revealed that the …
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