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Market Analysis

February, 2023

  • 13 February 2023 12:05 pm

    Gold prices stabilize ahead of US inflation data

    Gold prices fell on Monday, affected by the rise of the dollar, and with investors anticipating US inflation data on Tuesday, which may affect the Federal Reserve’s plans for the future of interest rates. Spot gold fell 0.1% to $1,863.38 an ounce by 0653 GMT, while US gold futures rose …

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  • 13 February 2023 11:10 am

    US Dollar is approaching a 5-week high

    The dollar rose near a five-week high against the other major currencies on Monday, as investors increased their bets that the Federal Reserve will continue to tighten monetary policy for a longer period while they await the US consumer price report due on Tuesday. The yen fell amid expectations that …

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  • 13 February 2023 10:42 am

    Oil prices fell amid demand concerns

    Oil prices fell on Monday after rising 2% in the regular session with shareholders regarding the impact of supply on the rise and rise again. Production prices rose in March by 500,000 barrels per day, or about five percent of production, production, production, production Brent crude futures were up 69 …

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  • 13 February 2023 5:49 am

    Financial Markets’ Weekly Recap: February 6 – 10

    Financial markets ended the trading week with cautious optimism following apparent uncertainty and concerns about the US central bank’s next moves regarding interest rate hikes and the Fed’s monetary policy. Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to …

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  • 11 February 2023 3:41 am

    Market Drivers – US Session 10/02/2023

    Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

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  • 11 February 2023 3:26 am

    What could US CPI figures bring about for EUR/USD?

    The United States awaits January’s Consumer Price Index next Tuesday. Eurozone’s GDP could be crucial for the Euro. The EUR/USD pair fell for a second consecutive week, further retreating from the 1.1000 region to settle around the 1.0700 figure. At the time of writing, the pair is trading at 1.0676; …

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  • 11 February 2023 2:19 am

    Crude oil rises over 2% on Russian plan to cut output

    Oil prices rose more than 2% on Friday and posted weekly gains of over 8%, as Russia announced plans to reduce oil production next month after the West imposed price caps on the country’s crude and fuel.Brent crude futures rose to settle at $1.89, or 2.2%, to $86.39 a barrel. …

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  • 11 February 2023 1:25 am

    Does Cantor Fitzgerald manage over half of Tether’s reserves?

    Wall Street brokerage Cantor Fitzgerald has been supervising Tether Holdings’ $39B Treasury bond portfolio according to the Wall Street Journal. Hong Kong-based Tether is the issuer of stablecoin tether (USDT-USD), the world’s most traded digital token with a market cap of $68.2B.The news followed Tether’s attestation report Thursday showing its …

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  • 11 February 2023 12:19 am

    S&P 500 heads for worst week since December

    The S&P 500 wavered between gains and losses on Friday as Wall Street looked to the end of what is shaping up to be a losing week. The broad index was little changed, while the Nasdaq Composite slipped about 0.8%. The Dow Jones Industrial Average added 135 points, or 0.4%.Each …

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  • 10 February 2023 10:33 pm

    GBP/USD falls as key support level put at risk

    The US Dollar is expected to finish this trading week with solid gains due to Fed’s hawkish comments as well as the latest US data.US Consumer Sentiment improved according to the University of Michigan. The UK avoided a recession in Q4 2022, though its forward economic outlook suggests a weaker …

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  • 10 February 2023 9:18 pm

    Gold firmer around $1860 despite hawkish signals

    Gold remains firm at around $1860 despite hawkish signalsOn Friday, gold prices remain firm at around $1860 per ounce after hitting a week-to-date new low of $1852.45 due to expectations regarding the next move by the US central bank and whether it would raise rates by 25 bps in the …

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  • 10 February 2023 8:09 pm

    Can Emerging Markets Profit From Changing Semiconductor Supply Chains?

    Opportunities were opening up for other nations to strengthen their positions in the supply chain for this crucial sector of the global economy and a key player in emerging technologies like artificial intelligence and next-generation computing after the United States imposed restrictions on China’s semiconductor manufacturing sector last autumn.In an …

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  • 10 February 2023 5:47 pm

    Canada’s Unemployment Rate stays unchanged at 5% in January

    The data published by Statistics Canada revealed on Friday that the Unemployment Rate stayed unchanged at 5% in January. This reading came in better than the market expectation of 5.1%. Further details of the publication revealed that the Net Change in Employment rose by 150,000, surpassing analysts’ estimate of 15,000 …

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