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Market Analysis

June, 2022

  • 16 June 2022 12:07 am

    Powell signals 75 or 50 rate hike in July

    The Federal Reserve raised interest rates by 75 basis points, the biggest increase since 1994, and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.Slammed by critics for not anticipating the fastest price gains in …

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  • 15 June 2022 11:32 pm

    Powell: Getting inflation down amid current unemployment conditions would be success

    Fed Chair Jerome Powell said on Wednesday in his post-Fed meeting press conference that if the Fed doesn’t see progress on inflation, it will react. However, Powell mentioned that soon enough there will be some progress on bringing inflation back down and that he thinks the Fed’s guidance is still …

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  • 15 June 2022 10:45 pm

    Powell: We continue to see upside risks to inflation

    The Fed continues to see upside risks to inflation, Fed Chair Jerome Powell noted in the opening statement of his post-Fed meeting press conference. “Supply chain constraints have been longer than anticipated and price pressures have broadened, with Covid-19 disruptions in China likely to make things worse ahead”, Powell added.

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  • 15 June 2022 10:05 pm

    Largest since 1994, Fed hikes interest rates by 75 bps

    The US Federal Reserve on Wednesday announced that it had lifted interest rates by 75 bps to 1.50-1.75%, as expected. More details are awaited as Fed Chair Jerome Powell proceeds with the press conference after the FOMC meeting concluded. The vote split was 10 to one, with Esther George favouring …

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  • 15 June 2022 10:01 pm

    Gold expecting significant selloff

    Gold is poised for another downside but a short squeeze is not off the table. The Fed at the top of the hour is expected to seal the deal one way or another.As per the pre-open analysis on gold for the week, Gold, Chart of the Week: XAU/USD bulls need …

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  • 15 June 2022 9:42 pm

    USD/CHF hovers around 1.0000 as traders eye Fed’s decision

    The USD/CHF extends its weekly rally and is up by 1.60%. Risk appetite is back as stocks rally, and safe-haven peers suffer.The USD/CHF clings to parity for the second successive day, trading at 1.0028, recording minimum gains of 0.11%, ahead of the US Fed monetary policy decision. Positive sentiment is …

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  • 15 June 2022 9:09 pm

    ECB’s Lagarde: Crises are never the same twice

    European Central Bank President Christine Lagarde said on Wednesday that crises are never the same twice and that they must have the courage to act when facts are not clear, as reported by Reuters.“We cannot just be bold, we must be consistent too,” Lagarde added and said that they must …

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  • 15 June 2022 8:37 pm

    EUR/USD drops to one-month lows ahead of FOMC statement

    The Euro seems under pressure after ECB emergency meeting. Meanwhile, the US dollar’s performance is mixed ahead of the Fed’s decision. FOMC statement will be released at 18:00 GMT.The EUR/USD is falling on Wednesday, trading at daily lows near 1.0380 ahead of the Fed’s decision. The US dollar is posting …

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  • 15 June 2022 8:01 pm

    WTI crude falls to weekly lows around $116s, eyeing Fed’s decision

    The WTI crude oil recently fell to fresh session lows and is eyeing a test of its 21DMA pre-Fed rate announcement. Commentary about a weak outlook for demand growth and China lockdowns is being cited as a reason for price’s retreat.The American benchmark for sweet light crude oil is looking …

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  • 15 June 2022 7:17 pm

    US shares pare losses post-US Retail sales ahead of FOMC’s decision

    US stocks are climbing ahead of the Federal Reserve monetary policy decisions, expected to hike 75 bps. The Nasdaq Composite leads the pack, followed by the S&P 500 and the Dow Jones.US equities recovered some ground after a string of five days of losses and are gaining between 1.05% and …

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  • 15 June 2022 5:45 pm

    US Retail Sales fall by 0.3% MoM in May

    Retail Sales in the US fell by 0.3% MoM in May, versus expectations for a 0.2% rise and following a 0.7% MoM gain in April (revised down from 0.9%), data released by the US Census Bureau on Wednesday showed. Meanwhile, Core Retail Sales rose by 0.5% MoM, below the expected …

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  • 15 June 2022 5:43 pm

    Oil prices fall as the expected hiking in US

    Oil prices fell on Wednesday amid concerns about fuel demand and global economic growth ahead of an expected big hike in interest rates by the Federal Reserve. Brent crude futures fell $1.27, or 1 percent, to $119.90 a barrel by 1001 GMT. The price of US West Texas Intermediate crude …

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  • 15 June 2022 5:41 pm

    Gold rises as dollar decline ahead of the Fed decision

    Gold prices rose more than 1% on Wednesday, supported by a weak dollar, as investors braced for a possible sharp interest rate hike by the Federal Reserve. Spot gold rose 1.2 percent to $1,829.99 an ounce by 1225 GMT, while US gold futures rose 1.1 percent to $1,832.70. The dollar …

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