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Market Analysis

July, 2022

  • 26 July 2022 10:34 am

    Oil continues to rise for a second day amid fears of tight supplies

    Oil prices rose on Tuesday for the second day in a row amid growing fears of tight European supplies after Russia, a major oil and natural gas supplier to the region, cut gas supplies through a major pipeline. Brent crude futures for September rose $1.51, or 1.4 percent, to $106.66 …

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  • 26 July 2022 3:33 am

    Market Drivers – US Session – Monday, July 25

    This week’s trading started amid lower risk appetite although the better performance of US equities has weighed on the US dollar since the European session. The lack of news was perfectly good news for high-yielding currencies. The GBP/USD pair trades at around 1.2050, while AUD/USD nears July high at 0.6977. …

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  • 26 July 2022 2:42 am

    Whirlpool’s Earnings Beat Expectations

    Shares of Whirlpool rose 2% after the home appliance company beat on profit estimates in its second quarter. Whirlpool reported earnings of $5.97 per share, beating consensus estimates of $5.24 per share.The company’s net loss margin of (7.3)% and GAAP loss per diluted share of $(6.62) was a result of …

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  • 26 July 2022 1:51 am

    Embracing Google Pay Means Faster Payments In Crypto Space

    Crypto.com announced that Google Pay is eventually been added as a payment method on its application for faster and more secure payments. Since the announcement of suspension of Netflix and Spotify benefits on its Visa card, the platform was criticized on social media. Users can now make faster, more efficient …

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  • 26 July 2022 12:57 am

    S&P 500 ends US session flat as investors eye FOMC, earnings

    The S&P 500 seesawed on Monday and ended close to unchanged as investors girded for an expected rate hike at Fed’s meeting, this week and earnings from several large-cap growth companies.The Nasdaq ended lower, and S&P 500 technology and consumer discretionary led declines among major S&P sectors. The energy sector …

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  • 26 July 2022 12:07 am

    EUR/USD consolidates ahead of Fed’s decision

    The EUR/USD pair holds within the familiar ranges ahead of the most awaited event this week, namely the FOMC meeting whereas the IFO German business sentiment is at its lowest level in more than two years.At 1.0223, the EUR/USD pair is alternating with the beginning of the week ahead of …

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  • 25 July 2022 10:51 pm

    WTI advances towards $96.50 ahead of API-report, Fed meeting

    WTI crude oil snaps three successive days of losses and rises despite US data showing the US economy is slowing down.A US recession-linked concerns and subsequent China’s Covid-19 lockdowns do sharply weigh on WTI price direction. WTI crude rose 1.40% on Monday as US equities gain, portraying an upbeat market …

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  • 25 July 2022 10:01 pm

    US equities surge in a big earnings week

    The Dow Jones Index surged on Monday as investors braced for a Fed meeting during the week and earnings from some of the biggest companies to measure the impact of the stronger dollar and soaring inflation, while the Nasdaq slipped as technology firms fell.The Dow Jones Industrial Average (.DJI) was …

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  • 25 July 2022 9:33 pm

    OPEC+ 2.84 Million Bpd Below Oil Output Target

    The OPEC+ group had a huge deficit of 2.84 million barrels per day (bpd) in June between actual output and the target oil output level as part of the deal, so, the gap between nameplate output per the agreement and actual output continues to widen. OPEC+ pumped more than 2.5 …

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  • 25 July 2022 8:49 pm

    AUD/USD climbs on soft US data

    The AUD/USD advances towards solid resistance around the 0.6970-90 area. Weak US economic activity and manufacturing data reported on Monday increase the chances of a US recession.The AUD/USD climbs during the North American session but faces solid resistance around the 50-day EMA around 0.6971, amidst an upbeat market mood, with …

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  • 25 July 2022 8:07 pm

    Gold drops toward $1710 as market sentiment deteriorates

    Gold turns negative as market sentiment deteriorates. The Gold Index slides below $1720, rejected again from above $1730. Meanwhile, the US Dollar recovers momentum, erases losses.Gold prices failed to hold to gains on Monday, hit after Gazprom’s announcement that will slow flows on the Nord Stream 1 pipeline, triggering a …

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  • 25 July 2022 7:20 pm

    Dallas Fed Manufacturing Index plunges below expectations

    Dallas Fed Manufacturing Index sharply fell again in July. The US Dollar Index received the news by trimming daily losses, and rises to 106.50. The headline General Business Activity Index of the Federal Reserve Bank of Dallas’s Manufacturing Survey plunged to -22.6 in July from -17.7 in June. This reading …

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  • 25 July 2022 5:32 pm

    Ukraine is working to resume grain exports, Russia is bombing targets in the east

    Ukraine on Monday continued efforts to restart grain exports through Black Sea ports under a deal aimed at easing the global food shortage crisis, but said the weekend bombing of Odessa port by Russian forces posed a threat to shipments. As the war entered its sixth month, the Ukrainian military …

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