Driven by a surge in Chinese electric-vehicles sales, the sharp rise in lithium as a key commodity for batteries could be a factor that slows adoption of these vehicles on the global level.Lithium carbonate prices in China, the benchmark in the fast-growing market, stand at about $71,000 per tonne, according …
Read More »Oil Climbs Above $106 as Middle East Tensions and Supply Risks Intensify
Oil prices surged on Thursday, extending a period of heightened volatility as investors reacted to m…
U.S. Futures Slip as Iran Rules Out Direct Talks, Tempering Ceasefire Optimism
U.S. stock index futures edged lower early Thursday, as investors reassessed the likelihood of a nea…
Bitcoin Falls Below $70,000 as Geopolitical Uncertainty and Regulatory Risks Weigh on Crypto Markets
Bitcoin retreated on Thursday, reversing part of this week’s gains as investor sentiment weakened am…
German Consumer Sentiment Falls to One-Year Low as Energy Fears Resurface
Consumer sentiment in Germany deteriorated sharply, reaching its weakest level since March 2024, as …
Gold Slides as Dollar Strength and Rate Concerns Offset Geopolitical Support
Gold prices declined in Asian trading on Thursday, as investors navigated mixed signals surrounding …
Oil Jumps Over 2% as Iran Reviews U.S. Proposal Amid Persistent Market Volatility
Oil prices rebounded by more than 2% in Asian trading on Thursday, as markets reacted to conflicting…
Alphabet in Focus: Can AI Drive a Major Stock Surge?
Shares of Alphabet Inc., the parent company of Google, are attracting growing investor attention as …
Caught Between Hope and Reality: Markets Price Peace While Risk Still Lingers
Global markets are increasingly leaning toward a hopeful outcome, positioning for an eventual resolu…
Dollar Holds Its Ground as Fragile Diplomacy Keeps Markets on Edge
Global markets are navigating a tense balancing act, caught between cautious optimism and lingering …
Gold Gains Momentum as U.S. Bond Yields Slide
Gold surged during Wednesday’s trading session, supported by a cautious wave of optimism over potent…
Market Analysis
September, 2022
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21 September 2022 8:01 pm
Gold hovers around $1667 ahead of FOMC decision
Gold has benefited from increasing tensions in East Europe. So, gold price snaps two days of consecutive losses and climbs, despite broad US dollar strength, courtesy of increasing tensions between Ukraine and Russia. Investors’ pursuit of safety bolstered the precious metal. At the time of writing, XAU/USD is trading at …
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21 September 2022 7:27 pm
JPMorgan Explores Fed’s Action In Case Of Recession
The Federal Reserve could be forced to cut interest rates in 2023 if a deep recession occurs, according to JPMorgan. This would be a turnaround move by the Fed, considering it has aggressively raised rates in 2022.Potential rate cuts from the Fed would help backstop the stock market in the …
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21 September 2022 7:14 pm
UK’s Truss To Introduce Low-Tax Investment Zones
UK Prime Minister Liz Truss said on Wednesday that her government ponders the proliferation of low-tax investment zones across the country. “Alongside the tax statement that the finance minister will lay out, he’ll also lay out a series of supply-side reforms to make our economy more productive over the long-term, …
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21 September 2022 6:53 pm
August’s US Existing Home Sales Retreat By 0.4%
Existing Home Sales in the United States have declined for the seventh successive month in August to a seasonally adjusted annual rate of 4.8 million.The National Association of Realtors reported on Thursday that “sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively”. “The median existing-home sales …
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21 September 2022 6:16 pm
Market Drivers – European Session 21/9/2022
The British government said on Wednesday it would reduce the wholesale cost of electricity and gas to businesses and businesses to less than half the market price from next month to help ease the burden of soaring energy costs but adding to rapidly rising government spending. The wholesale price of …
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21 September 2022 6:00 pm
The Russian ruble fell to 61.2 against the dollar after Putin announced a partial mobilization of the army
The Russian ruble fell 1% to 61.2 against the dollar on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a speech broadcast on state television. Russian President Vladimir Putin ordered the country’s first military mobilization since World War II, warning the West that if …
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21 September 2022 4:46 pm
Ukraine’s grain exports fell 43% this season
Ukraine’s grain exports have fallen 43.2 percent year on year since the start of the 2022-2023 season to 6.88 million tons, the Ukrainian Ministry of Agriculture said on Wednesday. The country’s grain exports plummeted after the war broke out in February due to the closure of its ports on the …
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21 September 2022 3:26 pm
Gold is gaining momentum after Putin’s statements
Gold rose on Wednesday after Russian President Vladimir Putin announced a partial mobilization of the army in a decision that restored the attractiveness of the yellow metal as a safe haven. Still, the strength of the dollar and the expectation of a US interest rate hike limited the gains. And …
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21 September 2022 2:27 pm
Dollar reaches its highest level in two decades with Putin’s announcement of partial mobilization
The dollar index (DXY00) on Monday fell -0.04%. The dollar also gave up an early advance and fell slightly after stocks recovered from overnight losses and moved higher, which curbed liquidity demand for the dollar. Earlier on Monday, the American currency rose moderately after the 10-year T-note yield climbed to …
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21 September 2022 1:37 pm
Oil prices rise more than 2% as Putin announces partial military mobilization
Oil prices jumped more than 2 percent on Wednesday after Russian President Vladimir Putin announced a partial military mobilization, escalating the war in Ukraine and raising fears of further oil and gas shortages. Brent crude futures rose $2.28, or 2.5 percent, to $92.90 a barrel by 0707 GMT, after falling …
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21 September 2022 1:01 pm
European shares decline as Putin’s announcement reinforces the atmosphere of ambiguity
European shares fell at the open on Wednesday, pressured by Russia’s decision to announce a partial military mobilization, which added to investor concerns about the US central bank’s third interest rate hike later on Wednesday. The pan-European Stoxx 600 index fell 0.3 percent, with most of its sub-sectors declining. The …
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21 September 2022 12:29 pm
Japan’s Nikkei closes at a two-month low
Japanese stocks on Wednesday hit their lowest close in more than two months, tracking Wall Street and Asian bourses, as investors awaited monetary policy meetings from the Federal Reserve and the Bank of Japan this week. The Nikkei index closed down 1.36 percent to record 27,313.13 points, the lowest closing …
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