The Japanese yen fell on Wednesday after the Bank of Japan kept interest rates very low, disappointing some investors who had hoped the bank would adopt more policy adjustments. The Bank of Japan surprised the market last month by raising its yield cap on 10-year bonds to 0.5% from 0.25%, …
Read More »US Index Futures Under Pressure Amid Iran War Escalation and Oil Spike
US stock index futures moved lower ahead of the trading session, reflecting rising investor caution …
Why It Matters: UAE Strengthens Energy Exports With Strategic Pipeline Bypassing Hormuz
The United Arab Emirates is moving to reshape its energy export strategy with the construction of a …
Fragile Pause in the World’s Biggest Economic Rivalry After Leaders’ Talks
The trade relationship between the United States and China, the world’s two largest economies, remai…
Carry Trades Roar Back as Interest Rate Gaps Drive G10 Currency Rally
Currency carry trades are enjoying their strongest performance in years as investors return to high-…
British Pound Slides as UK Political Turmoil and Iran Tensions Boost US Dollar
The British Pound extended its sharp decline on Friday, heading toward its fourth consecutive daily …
WTI Oil Surges Above $100 as Trump-Xi Summit Intensifies Supply Concerns
West Texas Intermediate crude climbed above the key $100-per-barrel level on Friday, as markets reac…
Euro Slides Toward Monthly Lows as Hawkish Fed Bets Strengthen US Dollar
The Euro weakened further against the US Dollar on Friday, with the EUR/USD pair falling toward its …
Oil Erupts Over 2% as Trump Declares War of Words on Iran: Weekly Gains Hit 10% Despite Xi Summit Charm Offensive
Key Takeaways Sharp Friday gains: Brent crude rose 2.8% to $108.65 per barrel, while WTI surged 3.4%…
Trump-Xi Summit Wraps with “Series of New Consensus” — But Concrete Deals Remain a Mystery
Key Takeaways Second round concluded: Trump and Xi wrapped their second round of talks Friday, per C…
Wall Street Futures Tumble as Iran War Threats and Chip Export Snub Crush Record-High Mood
Key Takeaways Futures fall sharply: S&P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures…
Market Analysis
January, 2023
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18 January 2023 11:32 am
Gold is falling with the rise of USD
Gold prices fell slightly on Wednesday as the US dollar strengthened, but expectations of a slower pace of Federal Reserve rate hikes limited losses. Spot gold fell 0.3 percent to $1,902.79 an ounce by 0256 GMT. US gold futures fell 0.2 percent to $1,906. The dollar index rose 0.3 percent. …
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18 January 2023 2:18 am
Market Drivers – US Session 17/01/2023
US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data. Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy …
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18 January 2023 12:39 am
Yellen, China’s vice premier meet on economic ties
US Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Switzerland on Wednesday to exchange views on economic ties, global economic developments and talks are expected to focus on means to deepen communication between the world’s two largest economies.Yellen’s first face to face meeting with Liu stems …
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17 January 2023 11:20 pm
GBP/USD reacts to strong UK data ahead of key Consumer Price Index
United Kingdom’s Unemployment Rate data mainly pushed the British Pound’s latest rally. The GBP/USD pair is in the hands of the bulls on the front side of an hourly trendline ahead of key Consumer Price Index inflation data scheduled for release on Wednesday.The GBP/USD bears are eying a break of …
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17 January 2023 10:34 pm
Earnings drop drags Wall Street lower
US stocks traded within a tight range on Tuesday after contrasting Q4 earning reports from investment banks Goldman Sachs and Morgan Stanley, while China unveiled disappointing annual GDP data.Wall Street’s S&P 500 edged 0.2 per cent lower, supported by rising prices for energy and banking companies, while the tech-heavy Nasdaq …
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17 January 2023 9:23 pm
Could BoC hike rate again despite Canada’s easing Inflation?
The Data released on Tuesday showed lower-than-expected inflation figures in Canada. This data was largely as expected, so, the Bank of Canada is expected to raise rates by 25 bps next week before pausing for the remainder of 2023. The BoC’s core measures CPI-median and CPI-trim also decelerated by one …
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17 January 2023 8:27 pm
Yen expected to soar if BoJ decides on additional YCC adjustment
The critical Bank of Japan policy decision that is broadly awaited by investors on Wednesday could lift the Yen as much as 5%, according to analysts and economists.The BoJ meeting poses further upside risks to the JPY. If the BoJ decides on further YCC adjustment, we estimate that the Yen …
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17 January 2023 7:31 pm
Ahead of BoJ’s policy decision, USD/JPY fluctuates around 128.50,
Amid risk-off impulse, and speculations for the Bank of Japan quitting its policy stance, the USD/JPY is struggling. USD/JPY attempts to hold on its earlier gains as the US session begins, though it’s retracing after hitting daily highs of 129.16 before the Wall Street open. The US dollar is giving …
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17 January 2023 6:25 pm
Oil prices are at a two-week high supported by expectations of a recovery in Chinese demand
Oil prices rose to a two-week high on Tuesday after China reported weak economic growth data that beat expectations, supported by hopes that Beijing’s change in policy to combat COVID-19 will boost fuel demand. By 1224 GMT, Brent crude futures rose $1.14, or 1.4 percent, to $85.60 a barrel. West …
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17 January 2023 4:57 pm
Sterling rose with the growth of wages in Britain and the yen near the highest level in 7 months
The British pound rose on Tuesday after data showed that wage growth in Britain, which the Bank of England watches closely to determine the pace of interest rate hikes, accelerated again. The yen held near its highest levels in seven months, with investors holding their breath in anticipation of a …
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17 January 2023 2:50 pm
The acceleration of wage growth in Britain raises the Bank of England’s concern about inflation
The pace of wage growth in Britain, which the Bank of England monitors closely to determine the pace of interest rate hikes, accelerated in the three months to November, official data showed on Tuesday. Wages excluding bonuses rose 6.4% year-on-year in the September-November period, the biggest increase since records began …
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17 January 2023 2:45 pm
European stocks stabilize after Chinese data raised concerns about the economy
European stocks stabilized on Tuesday, after investor fears of an economic slowdown after China recorded its weakest annual growth rate in nearly 50 years outweighed gains in industrial stocks. And by 0815 GMT, the European Stoxx 600 index was stable, after reaching a nine-month high in the previous session. Asian …
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