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Market Analysis

June, 2022

  • 10 June 2022 2:11 pm

    The dollar falls against the euro before US inflation data

    The dollar fell Friday, June 10, as traders awaited the US inflation data that should provide indications of the path of monetary tightening at the Federal Reserve, and after the European Central announced the start of raising interest rates next month. The euro rose after its decline Thursday, June 9, …

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  • 10 June 2022 2:02 pm

    Oil falls as demand fears exacerbate due to a new partial closure in Shanghai

    Oil prices fell on Friday but remained close to three-month highs, as concerns about new anti-Covid-19 closures in Shanghai outweighed the impact of strong fuel demand in the United States, the world’s largest consumer. Brent crude futures for August delivery fell 77 cents, or 0.6 percent, to $122.30 a barrel …

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  • 10 June 2022 1:57 pm

    European stocks fall ahead of US inflation data

    European Stocks

    European shares extended losses on Friday for the fourth consecutive session, ahead of the release of US inflation data that may prompt more speculations about the monetary policy path of the Federal Reserve at its meeting next week. Indices of all sectors fell, and the banking sector was the biggest …

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  • 10 June 2022 1:10 pm

    Gold falls as Treasury yields rise ahead of US inflation data

    Gold prices fell on Friday and headed for a weekly decline as Treasury yields rose while investors awaited monthly inflation data in the United States for indications of the future of the Federal Reserve’s monetary policy. And gold fell in spot transactions 0.2 percent to $ 1844.78 an ounce (an …

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  • 10 June 2022 12:32 pm

    Turkish lira declines

    The Turkish lira fell slightly on Friday after the Treasury, the Central Bank and other government institutions announced a series of measures to support the economy. The lira fell to 17.24 per dollar in early trading from Thursday’s close of 17.20. The lira had risen as high as 16.8 on …

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  • 10 June 2022 5:12 am

    Market Drivers – US Session – Thursday, June 9

    WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. The black gold is holding its gains despite the renewed fears of a lockdown in China to contain the spread of the Covid-19. The Chinese economy was recovering from lockdown measures …

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  • 10 June 2022 4:53 am

    WTI holds above $119.00 despite China’s renewed lockdown concerns

    WTI crude, futures on NYMEX, holds above $119.00 and faces a minor time correction after a vertical upside move. Crude oil is enjoying its gains despite the renewed concerns of another lockdown in China to contain the spread of the Covid-19.The Chinese economy was recovering from lockdown measures in Shanghai …

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  • 10 June 2022 2:38 am

    Treasury Yields jump ahead of inflation data

    US government bond yields rose to 3.03% from 2.98% on Jun 8 on inflationary pressures-linked concerns ahead of the awaited CPI data. Earlier, this week, Treasury Secretary Janet Yellen acknowledged that the United States is currently facing “unacceptable levels of inflation.”To contain it, the Federal Reserve has enacted 75 bps …

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  • 10 June 2022 1:18 am

    Sec Yellen: Don’t think US is going to have a recession

    Speaking at a New York event, US Treasury Sec. Janet Yellen explained that she does not think the US is going to have a recession. Earlier, this week, Sec Janet Yellen told Congress that the US is facing “unacceptable levels of inflation” on Tuesday as the treasury secretary defended herself …

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  • 10 June 2022 12:23 am

    NZD/USD slides to fresh lows as US inflation data awaited

    New Zealand’s dollar slides for the fifth consecutive day after reaching a daily high at 0.6461. However, the NZD/USD is dipping below the 0.6400 figure amidst a risk-off market mood. The NZD/USD is trading at 0.6385, down by 0.86%.Before Wall Street opened, the US Department of Labor reported that Initial …

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  • 9 June 2022 11:16 pm

    USD/JPY Retreats from two-decade highs towards 134.00s

    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 …

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  • 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 …

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  • 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 …

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