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Market Analysis

August, 2022

  • 2 August 2022 11:23 am

    Check Point Software Earnings, Revenue Beat in Q2

    Check Point Software on Monday reported second-quarter earnings that beat analyst expectations and revenue that beat expectations. Check Point Software reported earnings per share of $1.64 on revenue of $571.1 million. Check Point Software shares are up 6% from the start of the year, still down 16.72% from a 52-week …

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  • 2 August 2022 10:48 am

    China leads losses in Asia as geopolitical tensions escalate

    China led Asian market losses on Tuesday, August 2nd, amid geopolitical tensions in the region due to a supposed visit of US House Speaker Nancy Pelosi to Taiwan. The Shanghai Composite Index fell 1.55% and the Japanese Shenzhen Index decreased by 1.48% at the close of trading The Hang Seng …

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  • 2 August 2022 3:24 am

    EUR/USD Impacted By Eurozone Retail Sales

    The EUR/USD pair is struggling around 1.0260 as estimates for Eurozone Retail Sales shift lower. The Dollar Index has hit a fresh three-week low as the recruitment process seems vulnerable in July.Eurozone’s stable jobless rate may remain a hurdle for the ECB in hiking interest rates. The EUR/USD pair failed …

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  • 2 August 2022 2:50 am

    Market Drivers – US Session – Monday, August 1

    The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated. The US dollar edged lower on Monday, although the slide pared …

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  • 2 August 2022 2:30 am

    Reserve Bank of Australia Decision Preview

    During its meeting, on Tuesday, August 2, the Reserve Bank of Australia is expected to hike the cash rate by 50 bps. The current cash rate is at 1.35%, a level that Australian monetary policymakers consider as ‘below neutral’, while they consider the neutral level is at least 2.5%. Smaller …

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  • 2 August 2022 1:49 am

    White House: US will not be intimidated by China

    The White House said on Monday it expected China in coming days to escalate its response to a potential visit by US House of Representatives Speaker Nancy Pelosi to Taiwan and said the United States would not be intimidated.China’s actions could include firing missiles near Taiwan, large-scale air or naval …

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  • 1 August 2022 11:42 pm

    Gold surges around $1770 on US PMI data

    Gold prices advance on falling US Treasury yields and US dollar weakness. US equities rise, despite cooling manufacturing data, illustrating Fed actions are being felt. At the time of writing, gold is trading at $1770.5. Fed policymakers pushed back against deacceleration of interest rate hikes, according to the market’s reaction. …

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  • 1 August 2022 10:47 pm

    Buffett Has 10% of Berkshire Hathaway’s Portfolio Recession-Resistant Sector

    Warren Buffett does not seem to buy and sell stocks based on what is going on with the US economy. Rather He is choosing stocks that can survive all economic climates. That may be why he has 10% of Berkshire Hathaway’s portfolio invested in consumer staples, a sector that’s known …

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  • 1 August 2022 10:02 pm

    Weak Global Manufacturing Data Adds To Recession Fears

    On Monday, Equity index futures turned a bit negative to start a new week and month, as investors are still digesting last week’s data with the S&P 500® index (SPX) near June highs.Potential Market Movers this week include economic and earnings calendars that appear a bit lighter compared to last …

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  • 1 August 2022 9:13 pm

    AUD/USD rallies ahead of RBA’s rate decision

    Market sentiment is mixed on Monday, but the AUD/USD pair is boosted by the softer US dollar and the RBA’s awaited decision.US ISM Manufacturing data stays in expansionary territory, though prices and new orders dropped. The AUD/USD pair rises above the 0.7000 figure on a mixed sentiment session, encouraged by …

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  • 1 August 2022 8:32 pm

    Fed expected to lift policy rate to 3.5-3.75% by end of 2022

    In a recently published report, Moody’s Investors Service said that it expects the US Federal Reserve to take the policy rate to the range of 3.5-3.75% by the end of the year and above 4% by March 2023.The EUR/USD pair showed no immediate reaction to this report and was last …

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  • 1 August 2022 7:49 pm

    US Stocks fall starting August lower amid earnings, data flood

    US stocks fell Monday in a choppy start to August trading as Wall Street struggled to sustain July’s momentum. The S&P 500 and Dow Jones Industrial Average each fell roughly 0.3%, while the Nasdaq Composite held near breakeven.Investors digest data released early in the session that showed manufacturing activity expanded …

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  • 1 August 2022 7:16 pm

    ISM Manufacturing PMI print drops below expectations

    The US ISM Manufacturing PMI edged slightly lower in July. US Dollar Index stays under bearish pressure below 105.50. The business activity in the US manufacturing sector expanded at a slightly softer pace in July than in June with the ISM Manufacturing PMI declining to 52.8 from 53 in June. …

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