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Market Analysis

August, 2022

  • 18 August 2022 3:24 pm

    Oil rises, supported by US inventories data and expectations of a decrease in supply

    Oil prices rose on Thursday as strong data on US fuel consumption and an expected decline in Russian supplies late in the year offset fears of an imminent recession that could dampen demand. Brent crude futures rose $1.43, or 1.5 percent, to $95.08 a barrel by 0900 GMT. US crude …

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  • 18 August 2022 2:39 pm

    Gold rises as bond yields fall and the dollar’s rise limits gains

    Gold prices rose on Thursday as bond yields declined, but the dollar’s rally and expectations that the US Federal Reserve will continue to raise interest rates kept prices near two-week lows. And gold in the spot contracts rose 0.3 percent to $ 1765.80 an ounce, at 0920 GMT, after a …

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  • 18 August 2022 1:57 pm

    European shares slip ahead of inflation data

    European Stocks

    European shares fell in choppy trading on Thursday after a member of the European Central Bank’s board of directors hinted at another big interest rate hike next month even as recession risks intensified, with inflation data for July due later on Thursday awaiting. The pan-European Stoxx 600 index fell 0.1 …

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  • 18 August 2022 12:59 pm

    Russia expects energy export revenue to rise to $337.5 billion this year

    A document from the Russian Economy Ministry, seen by Reuters, showed that rising oil export volumes, accompanied by rising gas prices, will boost Russia’s revenue from energy exports to $337.5 billion this year, an increase of 38% from 2021. This jump in revenue, if realized, would help bolster Russia’s economy …

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  • 18 August 2022 12:00 pm

    Japanese shares track Wall Street losses after Fed meet minutes

    Japanese stocks fell in tandem with their Asian counterparts on Thursday as investors analyzed the Federal Reserve meeting minutes, awaiting an upcoming seminar to assess whether the US central bank will ease its tight monetary policy. The Japanese Nikkei index fell 0.91 percent at the open and hovered at this …

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  • 18 August 2022 2:25 am

    Market Drivers – US Session – Wednesday August 17

    The US dollar finished Wednesday higher against most major rival currencies on Wednesday, despite suffering a near-term retreat following the release of the FOMC Minutes. The US dollar posted modest advances against safe-haven currencies, with USD/CHF trading around 0.9510 and USD/JPY at 135.00.Gold trades at $1,762.70 per ounce at the …

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  • 18 August 2022 1:44 am

    Prominent UK Politician Blames Putin For British Energy Crisis

    UK prominent political figure Liz Truss, who aspires to succeed Boris Johnson in office as coming Prime Minister, criticized the green energy levy on all bills. Truss believes that by removing that levy, Britain would save people money on their bills. On the other hand, Truss has said “But what …

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  • 18 August 2022 1:02 am

    Have Cryptos, Stocks Reacted Differently To FOMC Minutes?

    The US central bank is continuing its efforts to tame inflation with interest rate hikes and Wednesday’s FOMC minutes have showed that the committee members agreed on the necessity of keeping interest rates higher as a means of combating inflation. Markets were cool in the hours leading up to the …

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  • 18 August 2022 12:03 am

    Gold rallies on FOMC minutes

    At the time of writing, gold is trading at $1764.77 an ounce. Gold price has rallied on the FOMC minutes which is not shedding much light on how aggressive US monetary policymakers are expected to be. There was no obvious message that rate hikes will be as aggressive in September’s …

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  • 17 August 2022 11:08 pm

    EUR/USD hits a daily high after FOMC minutes

    The EUR/USD rallied close to 50 pips after FOMC Minutes. Fed members agreed to hike 75 bps in July. Fed members acknowledge they would slow the pace of tightening at “some point.”The EUR/USD jumped during the last hour as the minutes lifted the Euro near the highs of the day, …

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  • 17 August 2022 10:58 pm

    Fed’s Bowman: Labour market continues to be strong

    Fed Reserve Governor Michelle Bowman said on Wednesday that US labour market is still robust, the recovery of the service sector, and more fully open schools and childcare centres will bring more women back to the workforce.Bowman also mentioned that the US “continues to see strong employment gains and low …

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  • 17 August 2022 10:20 pm

    Gold’s further selloff conditioned on FOMC minutes’ signals

    Gold is trading at $1776.75 per ounce at the time of writing, but the precious metal’s price is attempting to steady ahead of the FOMC minutes. Gold’s selloff might be overdone as prices are not deteriorating despite a surge in global bond yields. UK inflation hit a 40-year high and …

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  • 17 August 2022 10:11 pm

    FOMC Minutes: Rate could reach enough level to control inflation

    The Minutes of the FOMC policy decision that took place over the July 26-27 policy meeting, that may shed light on just how aggressive they expect to be, have been released as follows:Fed minutes: All participants at July 26-27 policy meeting agreed 75-basis-point interest rate hike was appropriate.Some participants said …

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