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Market Analysis

November, 2022

  • 10 November 2022 11:26 am

    Oil stabilizes as ahead of US inflation data

    Oil prices stabilized on Thursday, after falling for three days, affected by the renewal of anti-Covid-19 restrictions in China, the largest importer of crude in the world, as well as by traders’ anticipation of US inflation data that may provide indications regarding future interest rate hikes. By 0534 hrs, Brent …

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  • 10 November 2022 2:32 am

    Market Drivers – US Session 09/11/2022

    Global news came mixed on Wednesday. News from China impacted market sentiment and risk appetite after another district lockdown due to covid infections. Russia is withdrawing from Kherson, the only Ukrainian regional capital captured since the invasion began, as Moscow cannot keep supplying troops and Russian President Vladimir Putin would …

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  • 10 November 2022 2:20 am

    EUR/USD rebounds from parity ahead of US CPI

    The EUR/USD pair found an immediate bolstering factor around 1.0000 ahead of the key US CPI data expected on Thursday. US shares were subject to massive selloff transactions amid anxiety ahead of US midterm elections.The Eurozone CPI is still seen at 3% in three years and 5.1% in the next …

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  • 10 November 2022 12:40 am

    US October Consumer Price Index Preview

    Used car prices would well serve as one of the primary indicators as well as a sizable component of rising inflation. Used car prices have witnessed a sharp increase since the mid 2021s. The latest data showed earlier in the month that used car prices dropped by 2.2% in October, …

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  • 9 November 2022 11:37 pm

    Gold retreats on US Treasury auction

    Gold is now some steps back in the hands of the bears as traders await the key US CPI data. Gold is currently under pressure following, dropping at the turn of the past hour after a spike to the day’s highs, trapping breakout traders long when the US treasury notes …

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  • 9 November 2022 10:42 pm

    USD/JPY’s recovers, but finds resistance at 146.55

    The US dollar’s rebound from 145.15 is limited below 146.00. The market has turned cautious ahead of the results of US elections and CPI data, this is why the USDJPY is risking further decline to 142.00. The US Dollar’s recovery from two-week lows at the 145.15 area lost momentum at …

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  • 9 November 2022 9:33 pm

    Fed’s Barkin: Inflation fight may lead to downturn

    Fed’S fight against inflation may lead to a downturn in the US economy but that is a risk that the Fed will have to take, Richmond Fed President Thomas Barkin said on Wednesday, as reported by Reuters.The US Dollar showed no immediate reaction to these comments and the US Dollar …

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  • 9 November 2022 8:29 pm

    WTI losses extend below $86 on Chinese demand-linked concerns

    Oil prices have declined for the third consecutive day, to reach levels near $86. Concerns about a decline on demand from China are weighing on prices. US crude stockpiles increased above expectations last week.Front-month WTI crude futures are depreciating for the third consecutive day on Wednesday. Concerns about a potential …

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  • 9 November 2022 7:30 pm

    US Wholesale Inventories Eased in September

    Inventories at US wholesalers rose in September, although at a slower pace compared with the previous month as demand weakens.Inventories of US merchant wholesalers increased 0.6% in September on month, easing from a upwardly revised 1.4% increase in August, the Commerce Department said Wednesday.

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  • 9 November 2022 7:15 pm

    Gold firmly holds above $1710 as buyers eye $1735

    Gold prices fluctuate in the New York session amid the uncertainty of midterm elections in the United States. US Treasury yields are rising behind the US Dollar’s surge, which is up more than 0.50% against most G8 peers.Gold Price Analysis: Testing the 100-day EMA, which, once broken, would shift the …

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  • 9 November 2022 4:23 pm

    Dollar halts losses ahead of midterm results

    The dollar settled near a two-month low against the euro on Wednesday as investors awaited the results of the US midterm elections and inflation data due this week that will guide speculation on the path of a future US interest rate hike. Cryptocurrencies are also high on investor interest, stabilizing …

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  • 9 November 2022 3:23 pm

    China’s producer prices contracted for the first time in two years

    Taiwan, China

    According to official data, China’s producer price index deflated for the first time since 2020, affected by lower iron and steel prices. The Producer Price Index, which measures the prices of raw materials and other input costs, shrank 1.3% in October from a year ago, a Reuters poll showed, slightly …

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  • 9 November 2022 1:44 pm

    European shares drop, eyes on US midterm election results

    European shares fell on Wednesday, though gains by Germany’s Printage limited losses, while investors awaited the results of the US midterm elections to see the course of US policy. The pan-European Stoxx 600 index was down 0.2 percent by 0813 GMT. Shares in Printage Chemical Distribution rose 1.6 percent after …

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