The European Central Bank opted to leave its deposit rate unchanged at -0.5% on Thursday as unanimously expected. The bank maintained its guidance on interest rates, saying they would remain at present or lower levels until the conditions for a rate hike have been met. The bank also reaffirmed its …
Read More »Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Market Analysis
February, 2022
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3 February 2022 4:05 pm
Bank of England Hikes Interest Rates by 25bps to 0.50%
The Bank of England announced its monetary policy decision on Thursday and raised the benchmark interest rate by 25bps to 0.50%. The Monetary Policy Committee (MPC) voted 5-4 in favour of the rate hike. The decision was in line with market expectations and marked the first back-to-back rises since 2004. …
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3 February 2022 3:28 pm
BoE Preview: Forecasts From Foure Major Banks
The Bank of England (BoE) will announce its decision on Thursday, February 3 at 12:00 GMT, and as we get closer to the release time, here are the expectations forecast by the economists and researchers of 4 major banks. Deutsche Bank “We expect the BoE to follow up their December …
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3 February 2022 1:33 pm
European Shares Fall Under Pressure
European shares fell on Thursday as investors feared a possible interest rate hike and monetary policy tightening ahead of key European Central Bank decisions later Thursday amid mounting inflation pressures. The pan-European Stoxx 600 index fell 0.3 percent, led by interest rate-sensitive sectors, such as manufacturing, healthcare, and technology. Data …
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3 February 2022 12:54 pm
Turkey’s Inflation Rate Rises to 48.7%, The Highest Level in 20 Years
Turkey’s annual inflation rate jumped more than expected to 48.69 percent in January, hitting its highest level in nearly two decades, data showed on Thursday, driven by a series of unconventional interest rate cuts and a sharp depreciation of the lira late last year. The Turkish Statistical Institute said the …
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3 February 2022 9:12 am
Market Drivers – US Session – 2 February
The US trading session closed on Wednesday with mixed results, most notably the decline of the US dollar and the New York Stock Exchange at the same time due to negative employment data.Economic dataThe reading of the index of change in employment in the non-agricultural sectors in the United States …
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3 February 2022 12:59 am
BoC’s Macklem: Uncertain About How Quickly Inflation Will Decline
Bank of Canada Governor Tiff Macklem on Wednesday said that there is some uncertainty about how quickly inflation will come down due to the unique nature of the COVID-19 pandemic, which has helped drive up prices. However, Macklem added that the bank is confident that inflation will eventually come down, …
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3 February 2022 12:43 am
US Dollar Retains Weak Stance Ahead Of BoE, ECB Meetings
The American dollar kept falling on Wednesday to reach fresh weekly lows against its high-yielding rivals. The EUR/USD pair reached 1.1329 as the EU annual Consumer Price Index jumped to 5.1% in January, largely surpassing the 4.4% expected and above the 5% previous. The reading came one day ahead of …
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3 February 2022 12:17 am
Oil Retreats Despite OPEC+ Decision, US Stockpile Draw
Oil prices retreated on Wednesday even after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly after prices rallied to 2014 highs.Brent crude was down 7 cents to $89.09 a barrel at 12:15 p.m. EST (1715 GMT) while US West Texas Intermediate …
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2 February 2022 11:30 pm
UK Finance Minister Gives Press Conference On Cost Of Living Crisis
UK Chancellor of the Exchequer (Finance Minister) Rishi Sunak will hold a major press conference on Thursday amid souring UK energy costs. The UK energy regulator Ofgem will announce the new energy price cap for April on Thursday morning, UK time. Sunak is expected to announce new financial support measures …
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2 February 2022 11:01 pm
EUR/USD hovers above 1.1300 as focus shifts to ECB meeting
The EUR/USD pair has continued to trade well supported to the north territory of the 1.1300 level as the Euro remains positioned near the top of the daily G10 performance table, having been boosted by post-hot Eurozone inflation data hawkish ECB bets.While the pair had already broken above the key …
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2 February 2022 10:20 pm
GBP/USD Bulls Stay On Course Ahead Of The BoE Decision, US NFP Data
At 1.3570, GBP/USD is around 0.40% higher on the day as it tracks down the start of the New York sessions highs of 1.3587 again during midday trade. Sterling is climbing on Wednesday for the fourth session in a row, reaching a 1-1/2-week high against the dollar.Trader’s expectations that the …
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2 February 2022 9:41 pm
Wall Street stocks waver as traders assess tech earnings
Google owner Alphabet tops analysts’ forecasts but PayPal issues disappointing guidance. Alphabet followed fellow tech groups to post forecast-beating quarterly results.Wall Street stocks wavered on Wednesday as traders balanced strong earnings from Alphabet with downbeat guidance from fellow tech group PayPal, and a report indicated that US labour market conditions …
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