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Market Analysis

November, 2022

  • 8 November 2022 12:35 pm

    Oil prices fall amid concerns about Chinese demand and recession

    Oil prices fell on Tuesday, as fears of a recession and the worsening outbreak of the Coronavirus in China raised expectations of lower demand for fuel, outweighing concerns about supplies. Brent crude fell 23 cents, or 0.2 percent, to $ 97.69 a barrel by 0726 GMT, while US West Texas …

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  • 8 November 2022 2:36 am

    Market Drivers – US Session 07/11/2022

    The US dollar began the trading week, on Monday, with an attempt to recover the gains lost before Friday’s closing bell. Instead, the dollar ended with losing further ground against its major rival currencies.The dollar accelerated its decline late in the US session as Wall Street picked up momentum ahead …

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  • 8 November 2022 1:28 am

    Silk Road Hacker’s $3.36 Billion in Bitcoin Seized

    Almost one year after a billion-dollar seizure of dark web’s crypto, the same agency discovered another massive treasure hidden under a different hacker’s floorings. Dark web drugs market that is broadly known as the Silk Road was designed to be a mysterious underworld economy that avoided all governmental control. On …

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  • 8 November 2022 12:44 am

    ECB’s Lagarde: Inflation too high, rates to rise further

    European Central Bank President Christine Lagarde repeated that the cycle of interest-rate hikes has to ensure that inflation returns to the 2% target over the medium term.Meanwhile, the EUR/USD pair is on the up and traders have been of the mind that the US economy is slowing enough to allow …

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  • 7 November 2022 11:57 pm

    Gold benefits from US dollar’s slide ahead of CPI data

    Gold prices steadied on Monday near a three-week peak hit in the previous session, buoyed by a weaker dollar, while investors looked forward to U.S. inflation data later this week that could influence the size of Federal Reserve rate-hike.At the time of writing, the precious metal is trading at $1676.25. …

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  • 7 November 2022 10:38 pm

    ECB’s Kazaks: There is no pivot

    The European Central Bank’s Martins Kazaks said ”there is no pivot, we still say that inflation is a problem, and we will keep raising rates.”Kazaks has recently said that the ECB must raise interest rates much further, but that it is impossible to say how far because economic uncertainty is …

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  • 7 November 2022 9:28 pm

    WTI rallies as US dollar impacted by risk-on

    American crude oil rallies and trades at $92.24, benefiting from the US dollar which is losing ground. WTI prices resumed the upward trend that started on Friday as the US crude oil bounced up from levels right above $90 on the early trade, to reach levels past $93 for the …

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  • 7 November 2022 8:34 pm

    Republicans’ victory historically meant good news for US stocks

    This week will witness markets focusing on Tuesday’s US mid-term elections on. Economists at Société Générale expect equities to go up if the Republicans win control of both the Senate and the House.Victory for the Republicans GOP could have negative ramifications for the Euro. The US midterms could have an …

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  • 7 November 2022 7:42 pm

    USD/CAD retreats amid risk appetite, Canadian jobs data

    The USD/CAD pair dropped after hitting the 1.3800 weekly high last week, falling by almost 2.50%. At the time of writing, the USDCAD is trading at 1.3505, down by 0.22%.The US jobs data was mixed, though a higher unemployment rate could push the brakes of the aggressive Fed’s rate hiking …

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  • 7 November 2022 7:07 pm

    Roblox Stock Fell 5% Before Earnings For This Reason

    Roblox is expected to report earnings on Wednesday, and investors are getting ready for foreseen disappointment.Roblox warned investors last month that bookings were down roughly 7% to 10% per user in September. In the case of Roblox, “bookings” basically means customer purchases of Robux virtual currency, to spend later in …

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  • 7 November 2022 5:03 pm

    The dollar fell against the euro and sterling amid appetite for riskier assets

    The dollar fell on Monday against the euro and the British pound, amid an improved appetite for riskier assets and a rally in the European stock market. Monday’s survey showed investor sentiment in the eurozone improved in November for the first time in three months, reflecting hopes that a recent …

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  • 7 November 2022 4:01 pm

    Oil stabilizes below $100 a barrel after Chinese data

    Oil prices stabilized Monday, November 7, hovering around $100 a barrel, as support from a weaker dollar and a recovery in Chinese crude imports were offset by renewed demand concerns linked to China’s tough approach to containing the coronavirus. By 10:26 GMT, Brent crude futures rose 6 cents, or 0.06%, …

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  • 7 November 2022 2:51 pm

    The dollar rises as China sticks to its strict policy to contain Covid

    The dollar rose on Monday as sentiment deteriorated after China said it was sticking to its strict curbs on the coronavirus, dashing hopes of the imminent reopening of the world’s second-largest economy that earlier recorded a massive rebound in risky assets. China said at the weekend that it would continue …

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