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Market Analysis

September, 2022

  • 2 September 2022 1:39 am

    Gold struggles ahead of NFP data

    At the time of writing, gold trades around $1695.60. in order to defend its stance, Gold attempted to build a fort near $1,690 on Thursday after a steep retreating move. Gold seeks a chance to rebound; such a pullback could push gold above the psychological resistance of $1,700.00.The downtrend will …

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  • 2 September 2022 12:28 am

    What To Expect From NFP Report After Powell’s Remarks

    This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

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  • 1 September 2022 11:39 pm

    Bitcoin Drops Below $20,000 For Sixth Session on

    Bitcoin fell below $20,000 for a sixth successive trading session, the longest streak under the same closely-watch level since the crypto market was quacked by crisis in July. The largest cryptocurrency by market value declined as much as 3.1% to $19,577 on Thursday. Most other digital coins were also lower, …

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  • 1 September 2022 10:44 pm

    WTI faces intraday lows on demand worries

    Crude oil is facing fresh lows on the day as commodities are served a new blow by news on China’s covid levels and probable lockdown risks.Global growth concerns and the Iran deal talks are affecting oil’s price action. prices are continuing downside on Thursday as a combination of the lockdowns …

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  • 1 September 2022 10:11 pm

    Italian yields surge as bets on ECB’s hike quake bonds

    Eurozone bond yields sharply surged on Thursday and the Italian 10-year yield breached 4% for the first time since June, but this happened only briefly. Traders continue betting on a jumbo interest rate hike in next week’s ECB monetary policy meeting.Eurozone money markets on Thursday were discussing the 85% chance …

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  • 1 September 2022 9:13 pm

    US shares fall on rate hiking concerns

    US equities fell on Thursday as traders continued to debate over the possibility for higher rate policy by the Fed.The Dow Jones Industrial Average fell 150 points, or 0.5%. The S&P 500 and Nasdaq Composite declined 1.1% and 2.2%, respectively. All of the major averages are on track to finish …

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  • 1 September 2022 8:39 pm

    Does VIX Accurately Work As A Reliable Risk Gauge?

    Markets are becoming harder and harder to predict in 2022. One of the biggest questions, right now, is whether a reliable common measure of volatility can work and show risk direction.Traders lack a reliable measure of the risk level when they have to make investment decisions. Instead, they derive direction …

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  • 1 September 2022 7:49 pm

    GBP/USD touches 2-year on soaring dollar

    US dollar is soaring after the ISM Manufacturing PMI data. The GBP/USD pair drops for the fifth successive day. So, the stronger US Dollar pushed the pair under 1.1500 for the first time since March 2020. The dollar is sharply rising following the positive US economic data, amid risk aversion …

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  • 1 September 2022 7:37 pm

    Atlanta Fed GDPNow for Q3 rises to 2.6% versus prior 1.6

    According to the Fed Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 2.6% in the third quarter, up from 1.6% in the previous estimate.“After this morning’s construction spending release from the US Census Bureau and this morning’s Manufacturing ISM Report On …

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  • 1 September 2022 7:07 pm

    EUR/USD falls below 0.9920 on positive US data

    The EUR/USD pair has collapsed by 1% after upbeat US economic data. The pair breaks below parity, extending its losses after hitting on Wednesday a weekly high at 1.0079.Better than expected US S&P Global and ISM Manufacturing PMI further support Fed’s rate hiking stance and even a jumbo 75 bps …

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  • 1 September 2022 4:28 pm

    OPEC + Joint Technical Committee expects a deficit in 2023

    A document seen by Reuters on Thursday showed that the OPEC + joint technical committee expects a deficit in the oil market in 2023 of 300,000 barrels per day. The committee, which held a meeting on Wednesday, expected demand to fall short of supply by 400,000 barrels per day this …

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  • 1 September 2022 3:07 pm

    Gold falls below $1,700 under pressure from sharp interest rate hike bets

    Gold prices fell briefly below the $1,700 key level on Thursday for the first time in six weeks as major central banks tightened monetary policy to combat inflation, curbing demand for the non-yielding yellow metal. Spot gold fell 0.4 percent to $1,704.70 an ounce by 0917 GMT, after touching $1,699.30 …

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  • 1 September 2022 2:18 pm

    The yen hits its lowest level against the dollar in 24 years

    The dollar rose broadly on Thursday, September 1st, especially against the yen, as investors geared up to get higher interest rates in the US, while not expecting Japanese rates to move. The dollar hit a 24-year high of 139.69 against the yen in early Asian trade, up 0.5% from yesterday’s …

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