The Nikkei index reversed course to close higher on Monday as investors snapped up cheaper stocks after a rally in US stock futures, but the rally was limited by caution ahead of the US Federal Reserve’s policy meeting this week. The Nikkei rose 0.24 percent to 27,588.37 points. Earlier, the …
Read More »Is Gold Price’s Recent Dip a Sign of Trouble or Opportunity?
Gold is down -0.06%, trading at $ 2,937.36 per ounce. Gold prices experienced a slight dip on Friday…
US Manufacturing Shows Resilience Amid Economic Uncertainties
Recent data reveals a mixed picture of US economic activity. The S&P Global Composite PMI for F…
GBP/USD Pulls Back After Reaching New Highs
The GBP/USD pair experienced a pullback after reaching a year-to-date high of 1.2678 and testing the…
British Pound Hits Two-Month High as UK Consumer Spending Surges
The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spendi…
Bitcoin Climbs for Third Straight Day but Faces Fed Policy Headwinds
Bitcoin extended its winning streak on Friday, rising for the third consecutive day, as some investo…
European Stocks Inch Higher as Traders Weigh Business Activity and Trade Tensions
European markets edged up on Friday, as investors assessed fresh business activity data and ongoing …
Wall Street Slips as Walmart Warning, Jobless Claims Spark Economic Fears
The Dow Jones Industrial Average plummeted over 1.40% to 43,980 on Thursday as investors grappled wi…
Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or p…
Looming Impact of Fresh EU Sanctions on Commodities Expected
The European Union’s latest round of sanctions against Russia, the sixteenth since the invasio…
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox …
Market Analysis
January, 2022
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24 January 2022 11:22 am
Oil Prices Rise 1% Due to Fear of Supply Shortage
Oil prices jumped on Monday as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued efforts to increase production. Brent crude futures rose 87 cents, or 1.0 percent, to $88.76 a barrel by 0100 GMT, ending …
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24 January 2022 10:28 am
Gold Prices Are Flat Before The Fed
Gold prices were little changed on Monday as investors awaited the US Federal Reserve meeting for clues about an interest rate hike, while concerns about inflation and the row between Russia and Ukraine kept gold’s safe-haven appeal intact. And the price of gold settled in spot transactions at 1836.21 dollars …
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24 January 2022 8:31 am
Weekly Recap 17 – 21 Jan.
US Treasury yields have been the deciding factor in the price action in global financial markets over the past week. The yield on US ten-year bonds fell to 1.792% from last week’s close of 1.761%. The markets have been moved by the US Treasury yields over the past week. The …
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22 January 2022 3:56 am
Market Drivers – US Session – 21-01-2022
The US dollar declined on Friday, along with US Treasury yields, while investors looked ahead to next week’s Federal Reserve meeting for more clarity on the outlook for rate hikes.US Treasury yields fell as stock market declines reflected poor risk appetite, while concerns about potential conflict in Ukraine drove demand …
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22 January 2022 2:57 am
IMF Warns China Over Cost Of COVID Lockdowns
China, the world’s second largest economy, should review its zero-tolerance approach to the pandemic or risk damaging the global recovery, according to the head of International Monetary Fund.Kristalina Georgieva said Beijing should reassess the use of lockdowns to limit the spread of the highly contagious Omicron variant since it became …
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22 January 2022 2:02 am
Baker Hughes: US oil rig count falls for first time in 13 weeks
US energy firms this week cut oil rigs for the first time in 13 weeks after crude prices fell for six weeks in a row from late October-early December. Oil prices, meanwhile, have recovered and traded at their highest since 2014 this week. Energy analysts said it usually takes about …
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22 January 2022 1:36 am
GBP/JPY Slumps Back, Weak UK Data Hit sterling, Lower Yields Help Yen
The GBP/JPY pair fell sharply on Friday and heavy downside in the global equity market and commodity space weighed on more risk-sensitive currencies such as sterling, while a sharp drop in global bond yields on safe-haven demand boosted the rate-sensitive yen.Much worse than expected UK Retail Sales figures for December …
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22 January 2022 1:13 am
US Equities Drop As Investors Startled By Poor Netflix Guidance
US equity markets continued to sell off on Friday, as downbeat earnings from tech giant Netflix weighed on sentiment and its competitors. NFLX shares dropped over 20% on Friday after the company on Thursday issued significantly worse than expected guidance for subscriber growth in Q1 2022. That weighed on other …
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22 January 2022 12:50 am
Why Tesla Stock Dropped Before Earnings
On Wednesday, 26 January, Tesla (NASDAQ:TSLA) will report its Q4 earnings for fiscal year 2021, so the fact that Tesla stock is falling today does not foreshadow particularly well. Tesla stock is trading down 2.5%, about five times worse than the decline on the broader Nasdaq index.Why Tesla stock is …
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21 January 2022 11:53 pm
Can Banks’ Earnings Challenge Interest Rates, Omicron’s Impact?
3 Bank Stocks Win Q4 Earnings Season This bank earnings season has winners and losers, but the winners could not be more different. Of the six big banks that posted Q4 results this month, only three saw their stocks rise on their respective earnings day, this applies on Morgan Stanley …
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21 January 2022 10:46 pm
How Will Stocks Trend After Q4 Earnings?
This week, Wall Street is facing sharp volatility as investors and market participants keep their fingers crossed while awaiting a hawkish FOMC meeting on 25-26 January. However, the fourth-quarter 2021 earnings season is gathering pace with better-than-expected results so far.Earnings results are expected to stay strong this time around. Six …
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21 January 2022 8:38 pm
US leading indicators climb 0.8% despite omicron’s Impact
The US economy has kept growing in the face of the rapid spread of omicron. The US leading index rose a solid 0.8% in December, signaling steady growth even as the record spread of the omicron virus nibbled at the edges of the economy. Economists polled by The Wall Street …
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