In a few minutes, at 19:00 GMT the Fed will announce its decision on monetary policy. Traders and investors expect a 50-basis points rate hike. According to some economists, in spite of positive inflation data and signs since the last meeting, to avoid an unwanted further decline in interest rates …
Read More »Wall Street Slips at the Open as Hormuz Anxieties Offset Solid Earnings and Tesla’s $25B Pivot
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Bitcoin Defies Market Gloom, Holding $78K Amid Middle East Tensions and Institutional Buying
Key Takeaways: Bitcoin holds its ground: The flagship cryptocurrency remained steady above $78,000, …
Hormuz Anxiety Persists as U.S.-Iran Peace Talks Flounder Despite Ceasefire Extension
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European Stocks Slip as Hormuz Chaos Eclipses Ceasefire; L’Oréal Defies Gloom with 8% Surge
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Gold Breaks Key Support as Hawkish Fed Fears and Iran Standoff Supercharge the Dollar
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Brent Breaches $102 as Iran Standoff Paralyzes Hormuz and U.S. Fuel Exports Shatter Records
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Gold and Silver Rally as Middle East Tensions Reignite Safe-Haven Demand
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Open-Ended Conflict: Trump Signals No Rush on Iran as Uncertainty Weighs on Markets
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US Dollar Rides Middle East Tensions to a Fresh Rebound
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AI IPO Wave Ignites Markets as Skepticism Grows: OpenAI and Anthropic in the Spotlight
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Market Analysis
December, 2022
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14 December 2022 7:30 pm
GBP/USD hovers around 1.2400 ahead of FOMC decision
The GBP/USD pair fluctuates around 1.2370s, though it remains positive ahead of the Fed’s decision. UK inflation eased beneath the 11% threshold, which could cement a 50 bps rate hike by the BoE on Thursday.The GBP/USD climbs in the US session as traders brace for the Federal Reserve’s (Fed) last …
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14 December 2022 4:28 pm
Dollar falling after US inflation data is less than expected
The dollar traded near its weakest levels in months against the euro and the pound sterling on Wednesday, after falling overnight on pressure from softer-than-expected inflation data that raised bets that the Federal Reserve will slow the pace of interest rate hikes. After raising interest rates four times in a …
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14 December 2022 3:33 pm
Oil is stable amid rising inventories and expectations of a recovery in demand in 2023
Oil prices were largely stable on Wednesday, amid bleak signs from data on a surprise build in US crude stockpiles and forecasts by OPEC and the International Energy Agency for oil demand to recover over the next year. Brent crude futures fell 17 cents, or 0.2 percent, to $80.51 a …
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14 December 2022 1:36 pm
Gold prices settled amid ahead of rate decision
Gold prices traded in a narrow range on Wednesday as investors awaited the Federal Reserve’s policy decision later in the day after lower-than-expected inflation data raised expectations for a moderate path in interest rate hikes. There was little change in the price of gold in spot transactions, and it settled …
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14 December 2022 1:02 pm
Nikkei closed at a two-week high amid hopes of a slowdown in US interest rate hikes
Japan’s Nikkei average closed at a two-week high on Wednesday, tracking Wall Street’s gains as lower-than-expected US inflation data reinforced expectations that the Federal Reserve may ease the pace of interest rate hikes. The Nikkei rose 0.72% to 28,156.21, its highest close since December 1. The broader Topix index rose …
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14 December 2022 1:51 am
Market Drivers – US Session 13/12/2022
Economic data dragged the US dollar down after Tuesday’s US Consumer Price Index reading that rose by 7.1% on a yearly basis in November, versus previous 7.7% in October. In the same period, core CPI, which excludes volatile food and energy prices, rose by 6%, below the 6.1% expected.The encouraging …
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13 December 2022 11:23 pm
Will Fed step down pace of interest rate hiking?
Tomorrow is Jerome Powell’s last FOMC speech for 2022. The Federal Reserve has previously signaled a general tendency to step down the pace of interest rate hikes upon concluding its two-day meeting on Wednesday, with extensive expectations of a half-point rate hike to a range of 4.25% to 4.5%. Nevertheless, …
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13 December 2022 8:27 pm
Forecasts By Five Major Banks on November’s UK CPI Reading
The UK will release the Consumer Price Index data on Wednesday, December 14. Economists and researchers of five major banks have provided their expectations on the awaited data as follows:Headline is expected at 10.9% year-on-year versus 11.1% in October while Core, which excludes volatile food and energy prices, is expected …
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13 December 2022 7:28 pm
USD/CAD sinks after US CPI data
The Canadian Dollar is breaking out on the back of the softer than expected CPI data in the United States. Technically speaking, the bears have eyes on 1.3380 as a possible last defense for a much deeper correction versus the US dollar.The Canadian Dollar, which had already been heading up …
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13 December 2022 4:35 pm
Oil prices rise amid supply disruptions and optimism about China
Oil extended its gains on Tuesday, with supply disruptions and easing anti-Corona restrictions in China, the world’s largest crude importer. Brent crude futures rose 90 cents, or 1.15 percent, to $78.89 a barrel by 1020 GMT, while US West Texas Intermediate crude futures rose 67 cents, or 0.92 percent, to …
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13 December 2022 2:22 pm
European stocks rose ahead of US inflation data
European stocks rose on Tuesday as investors hoped that US inflation data due for release later in the day would allow the Federal Reserve to slow the pace of interest rate hikes. The pan-European Stoxx 600 index was up 0.1 percent by 0812 GMT. Technology stocks led the index, rising …
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13 December 2022 1:32 pm
Turkish industrial production rose 2.5% in October
Data showed on Tuesday that Turkish industrial production increased 2.5 percent year-on-year in October, much larger than expected, continuing its year-on-year growth for the 28th month. Data from the Turkish Statistical Institute showed that industrial output also rose 2.4 percent from September on a seasonally adjusted basis.
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