The stock market fell Thursday after unemployment claims surged at levels that are not enough to convince investors the Fed will change its aggressive rate policy. Oil giants Chevron (CVX) and Exxon Mobil (XOM) led gains while food and beverage companies declined on earnings.The Nasdaq composite traded 0.1% lower, after …
Read More »Dollar Slips as Markets Brace for Key U.S. Data, Yen Gains on Intervention Signals
The U.S. dollar edged lower on Monday as investors positioned for a data-heavy week that could shape…
U.S. Pushes South Caucasus Peace Deal as Vance Backs Strategic Trade Corridor Bypassing Russia and Iran
U.S. Vice President JD Vance is set to visit Armenia and Azerbaijan this week in a diplomatic push t…
European Stocks Advance as Earnings Momentum Builds and Markets Brace for Key U.S. Data
European equities opened the week on a positive note on Monday, as investors positioned for a busy s…
Bitcoin Reclaims $70,000 as Risk Appetite Stabilizes Ahead of Key U.S. Data
Bitcoin traded comfortably above the $70,000 mark on Monday, consolidating gains after a sharp rebou…
Gold Soars Above $5,000 as Dollar Slides and Rate-Cut Bets Intensify Ahead of U.S. Jobs Data
Gold and silver prices extended their strong rally on Monday, buoyed by a softer U.S. dollar and gro…
Oil Prices Slide as U.S.-Iran Talks Ease Middle East Supply Fears
Oil prices slipped about 1% on Monday as near-term fears of a Middle East conflict eased after the U…
Weekly market wrap: rate decisions taken and important earnings into focus
Global financial markets have experienced sharp volatility in recent weeks, driven by a combination …
A Tale of Thinner Liquidity: How Calm Markets Slid Into Chaos
Markets Confront Fragility as Liquidity Thins: At the end of January, global markets carried themsel…
Consumer Confidence Ignites Historic Surge as Dow Smashes Through 50,000
A Confidence Shock After a Week of FearU.S. stocks roared back to life on February 6, with the Dow J…
Silver Steals Back the Spotlight as Gold Joins the Comeback Rally
Silver has stormed back into focus after days of brutal selling, staging a powerful rebound that cau…
Market Analysis
October, 2022
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6 October 2022 7:56 pm
BoC’s Macklem: More rate hikes will be needed
Bank of Canada Governor Tiff Macklem said on Thursday that further rate hikes will be needed since there is more work to be done on inflation. The USD/CAD pair’s performance ignored these comments and was last seen rising 0.8% on the day at 1.3725 and is trading at the time …
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6 October 2022 7:37 pm
BoE’s Haskel: Economic inactivity will hold UK growth back
The Bank of England’s Monetary Policy Committee has the tools and the resolve to return inflation to target in the medium term according to statements and remarks by policymaker Jonathan Haskel on Thursday.These remarks did nothing to help the British pound find demand and the GBP/USD pair was last seen …
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6 October 2022 5:58 pm
Dollar rises on anticipation of US jobs data
On Thursday, the dollar extended the rally that began on Wednesday, as investors awaited the US jobs and inflation data, looking for indications that may mean reducing the intensity of the interest rate hike and reducing the rise of the US currency. The euro fell 0.27 percent to $0.9859, after …
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6 October 2022 4:58 pm
US September Nonfarm Payrolls Preview
Nonfarm Payrolls in the US are expected to appear above “normal” once again. That would affirm that the US employment situation remains “hot”, and that the Fed can focus on getting inflation down. According to the latest BLS report, there were over 10.1M job openings, but just 6.0M people were …
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6 October 2022 3:45 pm
The Russian Foreign Ministry: Excluding Russia from the Nord Stream investigation is unimaginable
On Thursday, the Russian Foreign Ministry said it was “inconceivable” that the investigation of cracks in the Nord Stream 1 and 2 gas pipelines would be carried out without Russia’s participation. Foreign Ministry spokeswoman Maria Zakharova said the West had deliberately created obstacles to the investigation and said excluding Russia …
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6 October 2022 2:34 pm
The Kremlin: The OPEC + decision to reduce oil production aims to stabilize the market
A Kremlin spokesman said on Thursday that the decision of the OPEC + group of major oil producers to cut production by two million barrels per day aims to stabilize the market. Spokesman Dmitry Peskov stated that by agreeing to the production cut, OPEC+ confirmed its credibility as an organization …
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6 October 2022 1:37 pm
Oil near a 3-week high after the OPEC + agreement to cut production
Oil prices stabilized near a three-week high on Thursday after the OPEC + alliance agreed to cut global crude supplies by reducing production by about 2 million barrels per day, the largest cut since 2020. Brent crude futures for December settlement rose four cents to $93.41 a barrel by 0538 …
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6 October 2022 12:43 pm
European shares rise ahead of key data
European shares rebounded on Thursday after falling in the previous session. Investors awaited more economic data and the European Central Bank’s September meeting minutes to indicate the pace and path of interest rate hikes. The Stoxx 600 index was up 0.6 percent by 0710 GMT, tracking Wall Street. Until the …
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6 October 2022 12:30 pm
Japan’s Nikkei index jumps to its highest level in two weeks
Japan’s Nikkei index closed higher on Thursday after touching a two-week high during the session, as markets continued their recovery from multi-month lows supported by energy-related stocks and chips. The Nikkei rose 0.7 percent to 27,311.30 points at the close, after hitting 27,399.19 points, a level not seen since September …
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6 October 2022 3:18 am
Market Drivers – US Session 05/10/2022
The US dollar ended the trading session with mixed performance after a brief surge on Wednesday. Risk-off flows returned amid tensions between Europe and Russia, as well as claims that North Korean-Japan tensions have been renewed, although the sentiment improved during US trading hours as the United States released positive …
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6 October 2022 3:03 am
Gold aims to extend recovery ahead of NFP data
Gold price has resumed its upside trend after a pullback to near $1,700.00. Escalating Japan-North Korea tensions are turning the risk to the negative side.After bumper US ADP data, positive NFP data could mean a next 75 bps rate hike in November. The gold index turned sideways after sensing demand …
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6 October 2022 2:20 am
North Korea suspected of firing missiles towards Japan
North Korea is suspected to have fired missiles again according to the Japanese coast guard.Earlier in the week, Japan urged residents to take shelter after North Korea had been reported to have fired a ballistic missile over the north of the country.It was the North’s first missile launch over Japan …
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