The USD/JPY pair has dipped towards 134.00 as buyers book profits ahead of Friday’s US CPI. Market sentiment is still negative as US equities record losses.The pair retreats from 2-decade highs around 134.55 but is trimming substantial losses, and albeit losing 0.09%, is preparing for a test of the 135.00 …
Read More »Records Resumed: Precious Metals Soar to Fresh Heights
Gold and silver prices have reached historic and near-historic highs, driven by a confluence of geop…
Pound Under Pressure as Markets Shift Focus to November Budget
The British pound is facing growing headwinds, with analysts at Bank of America (BofA) warning that …
U.S. Stock Futures Ease as Investors Await Fed Speeches and Key Inflation Data
U.S. stock index futures edged lower on Monday, pausing after record-setting gains last week fueled …
Oil Prices Edge Higher as EU Sanctions and Ukrainian Strikes Tighten Supply Outlook
Oil prices advanced on Monday, rebounding after last week’s losses, as traders weighed the impact of…
European Stocks Slip as Investors Eye Fed Policy Outlook and Key U.S. Inflation Data
European markets opened the week slightly weaker on Monday, with investors opting for caution as the…
Gold Prices Stay Near Record Highs as Investors Bet on Further Fed Easing
Gold prices gained modestly in Asian trading on Monday, holding close to last week’s all-time peaks …
Weekly Recap: FOMC’s Rate Cut – A Lifeline or A Risky Bet?
The FOMC’s 25 basis point rate cut on September 17, setting the benchmark at 4.00%-4.25%, unleashed …
WTI and Brent Performance Reflects Competing Forces
The global oil market is currently navigating a precarious equilibrium. On one side, the price of We…
Wall Street Soars to New Heights After Fed Rate Cut
U.S. stock markets closed the week on a high note, with the Dow Jones Industrial Average and S&P…
French Unrest Undermines Euro’s Fragile Rally
The EUR/USD pair closed Friday at 1.1744, down 0.35% from the prior session, capping a volatile week…
Market Analysis
June, 2022
-
9 June 2022 10:28 pm
Typical mortgage payment could be 30% higher in 5 years, Bank of Canada warns
The Bank of Canada says those who took out a home loan in 2020 or 2021 should stay for higher rates at renewal. High house prices and debt loads associated with them are a major vulnerability to Canada’s economy, the Bank of Canada said Thursday, warning buyers who bought during …
Read More » -
9 June 2022 9:31 pm
CPI Index Preview: Is there any room for policy surprise?
The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …
Read More » -
9 June 2022 8:46 pm
US Equities Retreat, Growth Stocks Struggle Amid Rising T-Yields
Wall Street’s main indexes retreated in mixed trading Thursday. Technology and growth equities are struggling to find direction amid rising treasury yields and weaker risk appetite on the back of accelerating concerns around soaring inflation and aggressive interest rate hikes.The Dow Jones Industrial Average was down 60.73 points, or 0.18%, …
Read More » -
9 June 2022 7:56 pm
EUR/USD drops to one-week lows on stronger US dollar
The Euro came under pressure after ECE meeting despite higher yields. On the American front, the US dollar gains momentum as market sentiment deteriorates.The EUR/USD pair has dropped further during the US trading session and bottomed at 1.0643 touching the lowest level in a week amid a stronger US dollar …
Read More » -
9 June 2022 7:14 pm
Gold remains vulnerable ahead of Friday’s CPI data
Gold price witnessed some selling on Thursday amid a further rise in the US bond yields. Hawkish central banks further contributed to driving flows away from the commodity. A softer risk tone, modest USD downtick extended some support and helped limit losses.Gold Price edged lower on Thursday and was last …
Read More » -
9 June 2022 5:58 pm
US: Weekly Initial Jobless Claims rise to 229K
There were 229,000 initial jobless claims in the week ending on 4 June, above the prior week’s reading of 202,000 and expectations for a rise to 210,000. That pushed the four-week average higher to 215,000 from 207,000 a week earlier.
Read More » -
9 June 2022 4:52 pm
Lagarde: Inflation has broadened, is undesirably high, and is a major challenge
Inflationary pressures are expanding and have remained undesirably high, which is a major challenge; Lagarde added that economic activity would be affected in the short term due to higher energy costs as the wars in Ukraine and recent lockdowns in China have made the supply chain in a worse. Lagarde …
Read More » -
9 June 2022 4:10 pm
ECB Press Conference: Lagarde speech live stream
Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook at a press conference at 12:30 GMT.
Read More » -
9 June 2022 3:48 pm
ECB leaves rates unchanged at -0.50% as expected
On Thursday, the European Central Bank’s (ECB) governing council decided to keep its benchmark deposit rate at -0.50%, as unanimously expected by market participants. The bank also said that it intends to raise interest rates by 25 bps at the July meeting, after having ended its Asset Purchase Programme (APP) …
Read More » -
9 June 2022 3:37 pm
Russia: No agreement has been reached with Turkey on Ukrainian grain exports
The Kremlin said on Thursday that no agreement had been reached with Turkey on the export of Ukrainian grain shipments through the Black Sea. Kremlin spokesman Dmitry Peskov told reporters that work was continuing to reach an agreement. Turkey has been pressing for an agreement between Russia and Ukraine on …
Read More » -
9 June 2022 2:26 pm
European shares decline ahead of ECB statement
European shares fell on Thursday ahead of the European Central Bank meeting later on Thursday, as investors awaited indications of the bank’s plans to tighten monetary policy. The pan-European Stoxx 600 index was down 0.5% by 0709 GMT. The index is heading towards incurring losses for the third consecutive session. …
Read More » -
9 June 2022 1:13 pm
Gold Settles Under Pressure From High Bond Yields Ahead of US Data
Gold prices stabilized on Thursday as rising Treasury yields held them back before key data on jobs and inflation in the United States could influence the Federal Reserve’s roadmap to raise interest rates to combat inflation. And gold settled in spot transactions at $ 1853.24 an ounce by 0303 GMT, …
Read More »