Shares sell off began on Thursday as the dollar slightly slid and eased its domination over currency markets amid recession fears that quake the stocks and bonds markets suffering more interest rate pain.After a partial rebound on Wednesday, US stocks sharply fell on Thursday. The Dow Jones Industrial Average fell …
Read More »Trump Says Rate Cuts Could Erase U.S. Debt as Markets React to Policy Signals
U.S. President Donald Trump reignited the debate over interest rates, arguing that sharp rate cuts c…
API Shocker Sends Ripples Through Oil, Dollar, and Stocks
Markets jolted late Tuesday after the American Petroleum Institute reported a sharp 13.4 million-bar…
US Dollar Holds Steady as Markets Brace for Key Jobs Data
The US Dollar steadied near the 96.80 level on Wednesday, recovering some earlier losses as traders …
Retail Sales Miss — Here’s How Markets Have Reacted
U.S. retail sales for December came in below expectations, reigniting concerns about the strength of…
Fed’s Hammack Signals Patience as Inflation Remains High
Federal Reserve Bank of Cleveland President Beth Hammack said the Fed is in a strong position to mon…
NFP in Focus: Gold, Dollar, and Stocks Brace for a Defining US Jobs Test
Global markets are entering a decisive moment as investors shift their full attention to the upcomin…
Eurozone Defies the Slowdown as Growth Holds and Inflation Cools
The euro area ended last year on a stronger footing than many had expected, showing resilience despi…
U.S. Import Prices Flat in December After Prior Month Decline
U.S. import prices were unchanged on a year-on-year basis in December, marking a stabilization after…
U.S. Stock Futures Flat as Investors Weigh Weak Retail Sales and Earnings Season
U.S. stock index futures were little changed on Tuesday, as investors digested softer-than-expected …
U.S. Retail Sales Stall in December, Signaling Slower Momentum in Consumer Spending
U.S. retail sales unexpectedly stagnated in December, pointing to a sharper-than-expected slowdown i…
Market Analysis
September, 2022
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29 September 2022 10:28 pm
Mexican central bank raises interest rate
Mexico’s central bank said the board was unanimous on the rate decision where it raised the benchmark interest rate to 9.25% from 8.50%. The USD/MXN pair is 0.25% bid on the day at 20.1947.Key QuotesSays the balance of risks for the trajectory of inflation within the forecast horizon remains biased …
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29 September 2022 9:35 pm
USD/CAD pares Wednesday’s losses on Fed’s hawkishness
The USD/CAD pair is gaining some 0.82% courtesy of Fed officials on Thursday as Fed’s Mester and Bullard estimate the Federal funds rate to peak around 4.5%.The Canadian economy Canada grew 0.1% MoM in July, exceeding estimations and the the USD/CAD marches firmly towards the 1.3700 figure after diving close …
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29 September 2022 8:19 pm
Oil up rises as output cut considered by OPEC+
Oil prices rose on Thursday for a second day, briefly touching $90 per barrel as leading OPEC+ members discussed an output cut to become in force as of next week, but gains moderated on the stronger dollar and weak economic expectations.Brent crude futures for November rose 18 cents to $89.50 …
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29 September 2022 7:52 pm
EUR/GBP has worst trading day since July
As the British Pound recovers further ground across the G10 currencies, the EUR/GBP pair is experiencing its worst trading day since 13 July. The pair dropped during the American session and hit the lowest level in almost a week at 0.8836. It is hovering around 0.8850, namely down by almost …
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29 September 2022 7:28 pm
Fed’s Bullard: Central banks to react to Fed’s intentions
St. Louis Federal Reserve Bank President James Bullard said on Thursday that the Federal Reserve is having to raise rates pretty rapidly to get to a minimally appropriate level to tackle inflation, as reported by Reuters.The greenback stays on the backfoot after these comments and the US Dollar Index was …
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29 September 2022 5:41 pm
US: Real GDP contracts by 0.6% in Q2
The US economy contracted at an annualized rate of 0.6% in the second quarter, the US Bureau of Economic Analysis’ (BEA) third and final estimate showed on Thursday. This reading came in line with the market expectation and the previous estimate. GDP, the standard economic growth measure, is the value …
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29 September 2022 4:42 pm
Germany: Annual CPI inflation jumps to 10% in September
As measured by the Consumer Price Index (CPI), annual inflation in Germany climbed to 10% in September from 7.9% in August, Germany’s Destatis reported on Thursday. This reading came in higher than the market expectation of 9.4. Meanwhile, the Harmonised Index of Consumer Prices (HICP), the European Central Bank’s (ECB) …
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29 September 2022 4:37 pm
The rise of dollar dispels the luster of gold
Gold prices fell one percent on Thursday, with the dollar rebounding after a brief decline in the previous session, while an imminent and expected interest rate hike was still hampering the precious metal’s rise. By 0935 GMT, spot gold fell 0.8 percent to $1,646.97 an ounce, after recording its best …
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29 September 2022 3:22 pm
Pound and Euro falls ahead of inflation data
The British pound and the euro fell on Thursday, while the dollar rose as the relief over the Bank of England’s intervention in the bond markets faded. Investors are awaiting German inflation data. On Wednesday, the British currency jumped to its highest level since mid-June after the Bank of England …
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29 September 2022 2:08 pm
European shares fall before German inflation data
European shares tumbled on Thursday, with some companies, including Sweden’s H&M, warning of the repercussions of rising inflation and costs on their activities, negatively affecting sentiment before releasing highly anticipated German inflation data. The pan-European Stoxx 600 index was down 1.7 percent by 0759 GMT after it failed to follow …
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29 September 2022 1:26 pm
Reuters: The OPEC + alliance began discussions on reducing production at the October 5 meeting
Three sources told Reuters that major producers in the OPEC + alliance have started discussions on reducing oil production at the next meeting of the alliance scheduled for October 5. A source in the Organization of the Petroleum Exporting Countries (OPEC) told Reuters that the cut was “highly expected”, while …
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29 September 2022 12:02 pm
Oil prices fall amid the rise of the dollar and weak demand
Oil prices fell on Thursday after rising more than $3 in the previous session, as a stronger dollar curbed demand for oil and worries about a faltering global economic outlook weighed on market sentiment. Brent crude futures fell 91 cents, or 1%, to $88.41 a barrel by 0629 GMT, while …
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