EU member states and the G7 nations started applying their price cap on Russian oil prices, constituting a fresh factor why crude prices fell to fresh lows.The EU Commission President Von der Leyen anticipated more sanctions ahead and WTI trades near a weekly low of $70.97 per barrel, the lowest …
Read More »Wall Street Slips at the Open as Hormuz Anxieties Offset Solid Earnings and Tesla’s $25B Pivot
Key Takeaways: Equities edge lower: U.S. stocks opened in the red, with the Nasdaq slipping 0.4%, as…
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
Key Takeaways: Diplomatic Deadlock: Uncertainty surrounds future peace talks, with Vice President JD…
European Stocks Slip as Hormuz Chaos Eclipses Ceasefire; L’Oréal Defies Gloom with 8% Surge
Key Takeaways: Broad market dip: The Stoxx 600, DAX, and FTSE 100 all posted morning losses as geopo…
Gold Breaks Key Support as Hawkish Fed Fears and Iran Standoff Supercharge the Dollar
Key Takeaways: Technical Breakdown: Spot gold briefly breached its rigid $4,700 floor, hit by a surg…
Brent Breaches $102 as Iran Standoff Paralyzes Hormuz and U.S. Fuel Exports Shatter Records
Key Takeaways: Crude spikes higher: Brent crude blew past $102 a barrel, while WTI approached $94, d…
Gold and Silver Rally as Middle East Tensions Reignite Safe-Haven Demand
Safe-Haven Buying Lifts Precious MetalsGold and silver prices moved higher in Wednesday trading, sup…
Open-Ended Conflict: Trump Signals No Rush on Iran as Uncertainty Weighs on Markets
The standoff between the United States and Iran continues without a clear endpoint after President D…
US Dollar Rides Middle East Tensions to a Fresh Rebound
The US dollar climbed to a one-week high on Wednesday, supported by escalating tensions in the Strai…
AI IPO Wave Ignites Markets as Skepticism Grows: OpenAI and Anthropic in the Spotlight
Global Markets Ride a Tech-Driven WaveGlobal equity markets are extending their upward momentum, sup…
Market Analysis
December, 2022
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9 December 2022 9:39 pm
Crypto Space Will Hugely Benefit From Apple’ Encryption Policy
Earlier this week, Apple announced that it will offer end-to-end encryption for most material its users save on the iCloud storage service. The news means only an authorized device held by an authorized user will be able to access the content of the famous cloud storageThe new feature will protect …
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9 December 2022 8:21 pm
Fed’s Powell to resist rate cuts in 2023
Previewing the FOMC’s December policy meeting, Rabobank analysts said they expect the US central bank to hike the policy rate by 50 basis points and see policymakers revising the terminal rate projection to the neighbourhood of 5%.Key Quotes“We expect that Powell will continue to push back against rate cuts in …
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9 December 2022 7:15 pm
Putin: Won’t sell oil to nations adopting price caps
The Russian President Vladimir Putin said on Friday that Russia will not sustain losses from oil price caps. Putin noted that “if consumer defines oil prices, this will lead to a collapse of the oil industry”, adding that this will lead to rising prices, this proposal is stupid.Crude oil prices …
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9 December 2022 5:09 pm
Stability of Dollar before the release of US producer price data
The dollar was little changed against major currencies on Friday as concerns about the performance of the US economy returned, ahead of the release of producer price index data later on Friday and the Federal Reserve meeting to decide on interest rates next week. Investors are looking forward to a …
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9 December 2022 3:36 pm
Russia to decide on increasing oil output after assessing the effects of price caps
Russia’s Deputy Finance Minister said that Moscow will decide whether to increase its oil production based on the results of the first quarter of 2023, following the imposition of an EU embargo on Russian oil exports and a price cap from the West. Russian President Vladimir Putin criticized the West’s …
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9 December 2022 1:44 pm
European stocks rise, supported by rise in the industrial and financial sectors
European stocks rose on Friday, as industrial and financial stocks rose on optimism related to China’s easing of anti-Covid-19 restrictions, while Credit Suisse jumped after news of a capital increase. The pan-European STOXX 600 rose 0.2 percent by 0810 GMT, and appeared to be heading for an increase after losing …
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9 December 2022 1:09 pm
Gold rises with fall of dollar ahead of Fed
Gold prices rose on Friday, supported by a weak dollar, while investors prepared for important inflation data in the United States and the Federal Reserve’s decision to raise interest rates next week. Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning …
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9 December 2022 12:27 pm
Japan shares jumped, supported by Wall Street gains and the easing of Corona restrictions in China
Japanese stocks jumped on Friday, led by chip-related and other blue-chip stocks, after Wall Street closed higher Thursday night, supported by growing hopes of a recovery in global economic growth following China’s easing of anti-COVID-19 restrictions. The Nikkei index closed up 1.18 percent at 27,901.01 points, recording the largest daily …
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9 December 2022 2:31 am
Market Drivers – US Session 08/12/2022
According to US Treasury Sec. Janet Yellen, “recession is not inevitable”. But, Yellen declined to say whether the dollar had peaked against other currencies. US stocks benefited on Thursday and exhibited better performance on anticipations of slower pace of monetary policy tightening. The performance of stocks impacted the US Dollar, …
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9 December 2022 2:03 am
US dollar retreats amid anticipations on Friday’s PPI data
The US dollar has been declining against most major rival currencies since the beginning of the US trading session, on Thursday. The dollar’s performance is impacted by anticipations regarding the awaited US inflation.The dollar index, which measures the performance of the American currency against a basket of major currencies, fell …
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9 December 2022 1:27 am
Yellen: US recession is not inevitable
US Treasury Secretary Janet Yellen said on Thursday that the Biden administration is listening to concerns raised by European allies over the US Inflation Reduction Act, a $430 billion green energy subsidy package.Many European Union countries fear their companies will be unfairly disadvantaged by the subsidies contained in the new …
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8 December 2022 11:43 pm
BoC’s Kozicki: Future rate decisions to rely more on data
Deputy BoC Governor Sharon Kozicki said on Thursday that the Bank of Canada will study the latest economic data to find out direction and accordingly decide whether or not to raise interest rates, adding it would move forcefully if necessary.At the time of writing. USD/CAD pair trades at 1.3583, namely …
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