As US CPI data is eyed, gold prices dropped significantly lower on Monday. Not only did the price take out $1,675, but it has also made a low of $1,665.77, taking on a key support area as the markets remain focused on the hawkish stance of the Fed.Gold dropped from …
Read More »Oil Prices Edge Higher as U.S.–Iran Tensions Fuel Supply Concerns Despite Inventory Build
Oil prices inched higher on Thursday, supported by rising geopolitical risks in the Middle East, as …
European Stocks Climb on Earnings Deluge as U.K. Growth Stalls and Oil Rises on Middle East Risks
European equities moved higher on Thursday, supported by a heavy slate of corporate earnings and fre…
Bitcoin Holds Near $67,000 as Strong U.S. Jobs Data Curtails Fed Cut Hopes
Bitcoin traded largely flat near the $67,000 mark during Asian hours on Thursday, as investors diges…
U.K. Growth Loses Momentum at End of 2025, Keeping Pressure on Bank of England
The U.K. economy expanded only modestly in the final month of 2025, reinforcing expectations that th…
Asian Stocks Advance as South Korea Hits Record High on AI Chip Rally, Japan Pauses Near Peak
Most Asian stock markets edged higher on Thursday, led by a sharp rally in South Korea where shares …
Warsh and Policy: Steering the Fed Between Crisis Lessons, AI Optimism
Recent discussions about Kevin Warsh’s potential nomination to chair the Federal Reserve focused on …
Fed’s Hammack Signals Stability in Jobs, Keeps Policy Neutral
Beth Hammack, President of the Cleveland Fed, sent a clear signal to markets: the US labor market is…
As Dow Tops 50,000, Record Highs Encounter Rising Concerns
The Dow Jones Industrial Average (DJIA) continues to hover above the historic 50,000 mark, closing t…
Japanese Yen Defies Dollar Strength as Domestic Tailwinds Take Center Stage
The Japanese yen extended its gains during Wednesday’s trading, brushing aside the recent rebound in…
US Jobs Surge Pushes Treasury Yields Higher, Fed Rate Cuts Move Further Out
Strong Payrolls Shake Up Rate-Cut ExpectationsThe US labor market surprised investors with a robust …
Market Analysis
October, 2022
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10 October 2022 9:39 pm
Oil reacts to recession fears amid tight supply prospects
Oil prices retreated by 1% on Monday as investors are concerned about economic storm clouds that could foretell a looming global recession and erosion of fuel demand amid probable tight supply .Brent crude futures fell 96 cents, or 1%, to $96.96 a barrel by 11:31 a.m. EDT (1531 GMT). West …
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10 October 2022 8:47 pm
Stronger US Dollar Inspires Finding Value Abroad Ideas
The US dollar’s performance undoubtedly attracts investors to favour it above most financial assets and rival currencies. This seems natural as most foreign currencies are now weak. Over the passage of several months in 2022, markets have noticed that European companies underperformed US peers by a significant margin. The same …
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10 October 2022 8:03 pm
Bitcoin Falls On Market Volatility
Bitcoin slides –1.15% and other cryptocurrencies are also weaker Monday due to negative sentiment for risk-sensitive assets that continued to deteriorate in the wake of Friday’s US jobs data. Crypto holders seem to be prepared for more volatility this week with key inflation data on the economic docket. Bitcoin is …
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10 October 2022 7:28 pm
Germany endorses EU loans to mitigate energy crisis
On Monday, Germany greed to support joint EU debt in order to encounter the continent’s energy crisis. Last Tuesday, European Economic Commissioner Paolo Gentiloni and Internal Market Commissioner Thierry Breton called for joint borrowing to finance the necessary response to the energy crisis in the Eurozone.German Finance Minister Christian Lindner, …
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10 October 2022 5:33 pm
Eurozone Sentix Investor Confidence worsens in October
The Eurozone Sentix Investor Confidence index deteriorated to -38.3 in October from -31.8 in September vs. -34.7 expected. The index fell to its lowest level since March 2020, signaling a deep recession. The current situation in the eurozone dropped to -35.5 points in October from -26.5 in September, the lowest …
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10 October 2022 4:36 pm
German Gas Commission Experts: First relief measure should be in place by end-2022
After 35 hours of consultations, the German Gas Committee on Monday presented its statement to the German government regarding its recommendations for the terms of the gas price support program in Germany. The committee’s statement addressed the following points: The cost of the proposed gas price support package is estimated …
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10 October 2022 3:27 pm
Turkey’s unemployment rate drops to 9.6% in August
Data on Monday, October 10 showed that Turkey’s unemployment rate fell 0.4 percentage points month-on-month to 9.6% in August, while the seasonally adjusted underutilization of the labor force fell to 19.8%. The rate of incomplete exploitation of the labor force, which amounted to 22.4% in July, has taken a downward …
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10 October 2022 2:30 pm
Dollar rises slightly as investors await US inflation data
The dollar rose slightly on Monday as investors awaited this week’s inflation data, which is expected to show that price pressures remain strong. Meanwhile, the British Pound fell for the fourth consecutive session even after the Bank of England extended its support to the markets. US data on Thursday is …
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10 October 2022 12:53 pm
European stocks fall as investors worry about economic growth
European shares fell for a fourth consecutive session Monday, October 10, as investors worried about the impact of rising tension between Ukraine and Russia and central banks’ determination to curb inflation on economic growth and corporate profits. The pan-European Stoxx 600 index was down 0.6% by 0708 GMT, its lowest …
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10 October 2022 11:28 am
Gold hits one-week low amid fears of US interest rate hike
Gold prices fell to their lowest level in a week on Monday, after US jobs data reinforced expectations that the Federal Reserve will continue to raise interest rates sharply. Spot gold prices fell 0.5% to $1,686.55 an ounce by 0623 GMT, after hitting its lowest level since October 3. US …
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10 October 2022 10:22 am
Oil is falling from its highest level in five weeks
Oil prices fell on Monday from five-week highs as the market took profits following strong gains last week amid expectations of tight supplies after the OPEC+ decision to cut production and before the European Union imposed a ban on Russian oil. Brent crude futures fell 81 cents, or 0.8 percent, …
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10 October 2022 3:36 am
Markets’ Weekly Recap, October 3-10
The latest escalation in the Russia-Ukraine has been sending waves of fear to almost all financial assets, following an explosion that destroyed a part of the bridge in Crimea which is crucial for Russia’s war supplies. Escalation also contributed to the market’s sour sentiment. On the same line could be …
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