The AUD/USD pair is advancing amid positive market sentiment. The Dollar Index has plummeted below 113.00 despite hawkish commentary from the Fed policymaker. The AUD/USD pair is witnessing a mark-up inventory accumulation phase after displaying a juggernaut rally to near 0.6530. The pair is expected to extend its recovery and …
Read More »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…
European Stocks Mixed as Earnings Season Rolls On Amid Improving Global Sentiment
European equities traded in mixed fashion on Tuesday, as investors weighed a heavy slate of corporat…
Bitcoin Slips Below $70,000 as Investors Await Key U.S. Jobs and Inflation Data
Bitcoin fell back below the $70,000 level during Asian trading on Tuesday, once again struggling to …
Oil Prices Edge Lower as Strait of Hormuz Risks and Russia Sanctions Shape Market Outlook
Oil prices slipped slightly on Tuesday as traders weighed the risk of potential supply disruptions l…
Hedge Funds Bet Big on US Stocks Amid AI Disruption and Market Volatility
Hedge funds are increasingly taking bold short positions on US stocks, signaling growing anxiety ove…
Oil Prices Surge After U.S. Warning Over Iranian Waters
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Market Analysis
September, 2022
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29 September 2022 1:41 am
Why has US dollar been slammed during US session?
US treasury yield fell, on Wednesday, after climbing to the highest since January 2008. The yield on the US 10-year note was last seen down 24.2 basis points to 3.705%, after earlier touching 4.01%, the first rise above 4% in nearly 15 years while money markets girded for higher interest …
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29 September 2022 12:33 am
Netflix stock surges on latest upgrade
Netflix shares flourished on Wednesday after Atlantic Equities upgraded the stock from Neutral to Overweight, citing upside potential of ad-supported tier. Advertising estimates are seen as able to boost revenue by $6.7 billion over the next three years and that the average revenue.Analysts from Citigroup raised their price targets on …
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29 September 2022 12:08 am
Gold reaches best level in almost a week
Gold prices soared on Wednesday, bolstered by a deep cutback in global bond yields and a weaker US dollar. In the afternoon trade, the Gold Index was up about 2% to $1,670, its best level since last Thursday. Gold is trading at 1659.38 at the time of writing, so it …
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28 September 2022 11:17 pm
EU to cap Russian oil price, accelerate sanctions
The European Commission president, Ursula von der Leyen has promised to cap the price of Russian oil and impose further curbs on hi-tech trade, as part of the latest round of sanctions to “make the Kremlin pay” for the escalation of the war against Ukraine.Ursula von der Leyen said Russia …
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28 September 2022 11:00 pm
EUR/GBP stabilizes after BoE’s decision
Bank of England intervened by buying government bonds so as to stabilize the bond market. This move was able to strengthen the Pound whose performance improved on the BoE’s announcement.The EUR/GBP pair is hovering around 0.8940 practically flat for the day after moments of extreme volatility following the surprise announcement …
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28 September 2022 9:32 pm
EUR/USD sharply climbs on weaker US dollar
The EUR/USD pair bounces from two-decade lows recorded during the European session, gaining 1.34% in the day, boosted by improved in market sentiment and a weaker US dollar, despite the Fed’s hawkish stance, opening the door for aggressive tightening by the end of the year.The Euro began trading nearby the …
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28 September 2022 9:15 pm
IMF criticizes UK tax cuts, urges reconsideration
The International Monetary Fund has joined a wide range of institutions worldwide criticizing the UK’s huge tax cuts in a plan that has exerted mega pressure on the pound which was plunging to a record low.With this rare criticism of the UK’s large developed economy, the International Monetary Fund is …
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28 September 2022 8:23 pm
US stocks rise as US, UK yields fall after BoE intervention
On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.On Tuesday, …
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28 September 2022 7:29 pm
UK’s Kwarteng won’t resign, no reversal in policy
It was reported on Wednesday that British Finance Minister Kwai Kwarteng will not resign over the market reaction to the fiscal plan and added that there will no reversal of policy.Meanwhile, the Bank of England announced the gilt market intervention amid growing fears overs insolvencies of pension funds by as …
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28 September 2022 6:09 pm
Market Drivers – European Session 28/9/2022
The rise of the dollar against sterling was also affected by British domestic factors, after the British government announced last week a plan to cut taxes and increase borrowing. This decreased sterling to $1.0327 on Monday, a record low, after settling near the $1.1300 level ahead of the UK’s budget …
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28 September 2022 5:43 pm
Gold loses its luster and hits its lowest level in 30 months
On Wednesday, gold prices hit a new low, the lowest in 30 months, as the allure of the precious metal was undermined amid the rise in the dollar and US Treasury yields due to expectations of a sharper rate hike by the Federal Reserve. By 0854 GMT, spot gold fell …
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28 September 2022 4:06 pm
Oil prices stabilize after the dollar’s rise compensated for the decline in US production
Oil prices stabilized on Wednesday as a stronger dollar and rising crude oil inventories offset the decline in US production caused by Hurricane Ian. Brent crude futures rose five cents, or 0.06 percent, to $86.32 a barrel by 0937 GMT, while West Texas Intermediate crude fell nine cents, or 0.1 …
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