Iran’s minister of petroleum Javad Owji said the world needed more Iranian oil, and that his country was ready to play a role in providing it away from politics, the Iranian oil ministry’s news agency SHANA reported on Monday.On Monday also, Iran’s foreign minister held a phone call with his …
Read More »Firm Footing, Fuzzy Future: Disney Holds Ground in a Shaky Market
In a volatile trading session marked by broad market weakness and rising uncertainty, The Walt Disne…
Markets on Edge as Ceasefire Extension Triggers Fragile Relief Rally Across Oil, Gold, and Equities
Global markets entered midweek in a tense balancing act between cautious optimism and renewed geopol…
EUR/USD Slips as Middle East Tensions and Strong Dollar Keep Pressure on Euro
The Euro weakened against the US Dollar on Wednesday, extending its decline for a second consecutive…
EIA Report: Crude Builds While Fuel Markets Tighten in a Split Inventory Picture
Crude Oil Stocks Rise Unexpectedly as Supply Pressure BuildsThe latest EIA weekly petroleum data sho…
Wall Street Opens Higher as Trump Extends Iran Ceasefire, But Geopolitical Doubts Linger
Key Takeaways: Tech Leads the Rally: All three major indexes opened in the green on Wednesday, paced…
U.S. Stock Futures Rally as Trump Extends Iran Ceasefire; Boeing and AT&T Earnings in Focus
Key Takeaways: Futures Bounce Back: U.S. index futures climbed in overnight trading, reversing a slu…
Bitcoin Smashes Through $78,000 on Extended Iran Ceasefire and Massive $2.5B Institutional Buy
Key Takeaways: Bitcoin breaks out: The world’s largest cryptocurrency surged past $78,000, setting u…
European Stocks Slide as U.S.-Iran Ceasefire Teeters; ASML and Tech Provide Rare Bright Spots
Key Takeaways: Broad Market Sell-Off: European equities took a hit, with the Stoxx 600 falling 0.9% …
Gold Rebounds on Indefinite Iran Ceasefire as Warsh Defends Fed Independence
Key Takeaways: Gold Recovers: Spot gold climbed 0.9% to $4,763.66, bouncing back from a one-week low…
Oil Swings in Choppy Trade as Trump Extends Iran Ceasefire Amid Massive U.S. Inventory Draw
Key Takeaways: Crude Edges Lower: Brent and WTI slipped roughly 1% in volatile Asian trading followi…
Market Analysis
September, 2022
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6 September 2022 1:33 am
US Dollar Index Surges On Labour Day
The US dollar has continued to surge since the beginning of the weekly trading coinciding with the Labor Day holiday in the United States.The US dollar is soaring on end of last week’s employment data that came in overall agreement with the path expected by the Fed with regard to …
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5 September 2022 11:41 pm
Gold slides from daily highs, but hovers around $1710 level
Gold price hardly slides 0.13%, weighed by higher US Treasury bond yields and the strength of the US dollar.Gold price losses some of its brightness at the beginning of the week, down by 0.49%, in a thin liquidity trading day, with US markets, closed in the observance of Labour day. …
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5 September 2022 11:00 pm
Moscow won’t resume gas supplies to EU until sanctions lifted
On Monday, the Kremlin blamed western sanctions for failure to deliver gas through Nord Stream 1 pipeline. Russia’s Gazprom announced last weekend that the suspension of gas supplies at Nord Stream 1 would be extended indefinitely, citing ‘malfunctions’ along the pipeline. Russia will not resume its natural gas supplies to …
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5 September 2022 10:10 pm
Bank of Canada to deliver a 75 bps hike on Wednesday
The Bank of Canada is expected to issue its latest monetary policy decision on Wednesday. A rate hike of 75 basis points is widely expected. Analysts believe that central bank will slow down the pace of its rate hikes after this September’s meeting, only taking the policy rate to 3.75% …
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5 September 2022 9:18 pm
Boosted by commodities, FTSE 100 ends higher
The British FTSE 100 index ended slightly higher on Monday as commodity stocks achieved notable gains. Investors looked ahead to the appointment of Liz Truss as Britain’s new prime minister against a deteriorating economic background.The commodity-heavy FTSE 100 ended 0.1% higher, after falling as much as 1.2% earlier in the …
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5 September 2022 8:17 pm
BoE’s Mann comments on gradual rate hikes
Bank of England BoE policymaker Catherine Mann said on Monday that the of increase rate gradual pace has not sufficiently tempered expectations.BoE Chief Economist Huw Pill also argued that a fast and forceful tightening potentially by a hold or reversal was superior to a gradualist approach.Mann noted that “Long-term expectation …
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5 September 2022 7:25 pm
Macron: France supports common gas purchase at EU level
French President Emmanuel Macron announced EU member states could satisfy gas storage targets, having 92-93% of the storage capacity already filled.Macron’s statements came after his phone talks with German Chancellor Olaf Scholz. Markets paid little attention to these comments and EUR/USD was last losing 0.3% on the day at 0.9920.Additional …
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5 September 2022 6:04 pm
Market Drivers – European Session 5/8/2022
A European Commission spokesman said on Monday that Russia could pump more gas to Europe via other routes after the Nord Stream 1 pipeline was shut down, but Moscow chose not to. “If there is a technical problem that hinders supplies via Nord Stream 1, it is possible, if there …
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5 September 2022 5:09 pm
OPEC + agrees to cut oil production by 100,000 barrels per day in October
In its most recent ministerial meeting, the OPEC group decided to reduce oil production by 100,000 barrels per day, compared to the increase approved during the last meeting. The OPEC + ministerial meeting confirmed the negative impact of volatility and low liquidity on the current oil market, and the need …
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5 September 2022 4:13 pm
Iran Announces Readiness to Supply Part of Europe’s Energy Needs in Cold Winter
Iranian Foreign Ministry Spokesman Nasser Kanaani said on Monday that Iran is asking the International Atomic Energy Agency to stop its investigations into Iran’s nuclear activity, noting that this was one of Iran’s conditions for reviving the joint nuclear agreement. The spokesman said in a press statement that Iran is …
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5 September 2022 2:48 pm
Eurozone Sentix Investor Confidence deteriorates to -31.8 in Sept
The Eurozone Sentix Investor Confidence index came in at -31.8 in September from -25.2 in August vs. -27.5 expected. The index snapped its recovery amid mounting recession fears. The current situation in the eurozone dropped to -31.8 points in September from -25.2 in August. An expectations index tumbled to -37.0, …
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5 September 2022 2:23 pm
Eurozone Retail Sales drop 0.9% YoY in July
Eurozone’s Retail Sales rose by 0.3% MoM in July versus 0.4% expected and -1.0% last, the official figures released by Eurostat showed on Monday. On an annualized basis, the bloc’s Retail Sales came in at -0.9% in July versus -3.2% recorded in June and -0.7% estimated.
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