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Market Analysis

October, 2022

  • 4 October 2022 7:41 pm

    Lagarde: Difficult to say if inflation is at peak

    European Central Bank President Christine Lagarde said on Tuesday it was difficult to say whether or not inflation has peaked in the euro area.“The minimum that we have to do is to stop stimulating demand,” Lagarde added. These comments don’t seem to be having a noticeable impact on the shared …

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  • 4 October 2022 6:46 pm

    Market Drivers – European Session 4/10/2022

    The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict.Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was always …

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  • 4 October 2022 6:12 pm

    Oil rises ahead of OPEC + meeting to discuss production cuts

    Oil prices rose on Tuesday amid expectations that the OPEC+ group may agree to a significant cut in crude production when it meets this week. Brent crude futures rose 79 cents, or 0.9 percent, to $89.65 a barrel by 1054 GMT, after gaining more than 4 percent in the previous …

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  • 4 October 2022 5:12 pm

    The Kremlin: Elon Musk’s proposal for a peace agreement with Ukraine is a “positive step”

    Twitter

    The Kremlin said Tuesday (October 4) that Tesla founder Elon Musk has outlined a possible peace deal with Ukraine as a “positive step,” hours after Kyiv criticized Musk’s call for a negotiated settlement to the seven-month conflict. Kremlin spokesman Dmitry Peskov told reporters on a conference call that Moscow was …

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  • 4 October 2022 2:51 pm

    USD is falling and the markets are taking a breath

    The dollar fell on Tuesday as US Treasury yields stopped rising after a wave of increases, which provided an opportunity for stock markets and helped the euro and pound to catch a breath and recover from multi-year lows. The Australian dollar was also eye-catching, as it fell by about one …

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  • 4 October 2022 1:28 pm

    Gold hits 3-week high as dollar and bond yields fall

    Gold prices hit a three-week high on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal. And gold rose in immediate transactions 2.5 percent to $ 1707.20 an …

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  • 4 October 2022 12:51 pm

    Turkey’s trade deficit rises to $10.38 billion in September

    Turkey’s Trade Ministry announced on Tuesday that the country’s trade deficit jumped 298 percent year-on-year in September to $10.384 billion, as rising energy import costs continue to cause the deficit to grow. The data showed that exports grew by 9.2 percent to $22.62 billion in September, while imports jumped 41.5 …

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  • 4 October 2022 11:58 am

    Japan’s Nikkei jumps 3%, supported by the rise in Wall Street

    Japan’s Nikkei index jumped 3 percent on Tuesday in its best session in more than six months, as investors flock to blue-chip and hard-hit growth-related stocks and following Wall Street’s sharp rally at the close in the evening. The Nikkei rose 2.96 percent to 26,992.21 points, supported by broad buying, …

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  • 4 October 2022 4:39 am

    RBA Policy Preview: Dovish Signals Could Harm

    Most economists expect the Reserve Bank of Australia to decide one more big rate hike on Tuesday before shifting to slower moves in the near future. With a majority of Australian mortgages on adjustable rates, policymakers could issue a decision that is weighing inflation control and currency support against a …

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  • 4 October 2022 4:27 am

    Market Drivers – US Session 3/10/2022

    The US dollar resumed its decline at the beginning of the week on the first US trading session in October, ending Monday with losses across the board while Government bond yields were sharply lower but moved off their intraday lows ahead of the close.The EUR/USD pair was able to advance …

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  • 4 October 2022 3:17 am

    US Natural Gas Futures Fall On Instable Supply-Demand Balance

    Natural gas futures retreated on Monday amid weaker market signals; including storage capacity extensions. This has sent November prices as much as 46 cents below Friday’s close. The November Nymex contract ultimately settled Monday at $6.470/MMBtu, down 29.6 cents. Gas prices recovered on Monday, led by large upward swings on …

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  • 4 October 2022 2:52 am

    Gold Price Benefits From Weaker US Dollar

    Gold price is holding on the $1701 per ounce level during the first US trading session in October. Gold seems to be currently defending its gains amid a broadly weaker US dollar. However, some economists believe that it stays immersed in a strong downtrend despite the recent respite afforded by …

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  • 4 October 2022 1:22 am

    Is GBP/USD Able To Extend Recovery?

    In a striking twist of incidents, the UK government announced on Monday a U-turn of its latest expensive and unfunded tax cut policy. After the Bank of England’s intervention last week to calm the bond market, the British pound rallied and was able to consolidate for a while.While the Prime …

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