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The news and analysis archive

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The news and analysis archive
Wall Street, Gold wobbled on mixed US NFP job report

Wall Street, Gold wobbled on mixed US NFP job report

On Friday, all focus of the market was on the September NFP jobs report. Wall Street Futures, Gold crumbled, while USD surged Friday on hotter than expected US NFP job report, but ...

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2
Dec

EU PPI, U.S. Unemployment Rate, NFP

The U.S. dollar traded these past days clearly weaker against other major currencies with the USDX falling to the lowest level since August. Among emerging market currencies howeve...

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Gold jumped on sequentially lower core PCE inflation

Gold jumped on sequentially lower core PCE inflation

Gold jumped, and USD slumped further Thursday on colder-than-expected sequential core PCE inflation after Powell boost; Wall Street Futures also surged. But Dow Future stumbled as ...

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1
Dec

U.S. PCE Price Index, Personal Income, EU Unemployment

While the dollar clearly weakened against other major currencies on the much-anticipated speech by the Fed Chairman, the market moves among emerging market currencies were somewhat...

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Dow tumbled on mixed economic data but recovered on Powell

Dow tumbled on mixed economic data but recovered on Pow...

Dow Future tumbled early Wednesday on mixed economic data ahead of much awaited Powell talk. Earlier Dow Future got some boost on hopes & hypes of easing of Chinese zero COVID poli...

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30
Nov

ADP Employment Report, EU CPI, U.S. GDP

While the U.S. dollar continued on average to outperform other major currencies as seen in the move of the USDX, among emerging market currencies the dollar was not performing part...

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Oil flip-flops on hopes and hypes of further OPEC cut

Oil flip-flops on hopes and hypes of further OPEC cut

Oil (WTI-Dec Exp) made a multi-month low of around 73.61 early Monday on China’s COVID woes, but soon recovered and made a high of around 79.56 on hopes & hopes of further OPEC cut...

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Dow tumbled on hawkish Fed talks and Chinese COVID woes

Dow tumbled on hawkish Fed talks and Chinese COVID woes

Wall Street tumbled Monday on hawkish Fed talks and Chinese COVID woes. On early Monday, Dow Future was already under stress on reports of widespread public protests against China’...

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29
Nov

German CPI, U.S. House Prices, Canada GDP

While the U.S. dollar traded overall stronger against other major currencies this week, among the majors the Japanese yen was still outperforming the greenback. Among emerging mark...

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28
Nov

Asian Markets Under Pressure, WTI New Low For 2022

The dollar traded overall stronger on Monday both against other major currencies and also against multiple emerging market currencies with pairs like the USD/ZAR, USD/CNH and USD/P...

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Wall Street mixed in Thanksgiving holiday-thinned trade  

Wall Street mixed in Thanksgiving holiday-thinned trade...

Wall Street Futures were mixed in Thanksgiving holiday-thinned trade Friday as Dow Future surged around +0.45%, SPX-500 almost flat (+0.05%), while NQ-100 slumped -0.62%. Overall r...

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25
Nov

EU Price Oil Price Cap Discussions, China COVID Lockdow...

Cryptos traded moderately weaker with Ethereum unable to hold on to the $1,200-level, while the total estimated market cap of the crypto market remained above $850 million. Markets...

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FOMC minutes indicate Fed may go for a real positive rate

FOMC minutes indicate Fed may go for a real positive ra...

On Wednesday, all focus was also on FOMC minutes for the 2nd November meeting, in which Fed hiked +0.75% as highly expected with a hint of a slower pace of hikes (not pause) in the...

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24
Nov

German Ifo Survey, ECB Minutes, BoE Speeches

The dollar weakened against other major currencies with further weakness in the dollar seen after the release of the FOMC meeting minutes. Among emerging market currencies the sent...

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Dow jumped on soft economic data and dovish FOMC minutes

Dow jumped on soft economic data and dovish FOMC minute...

Wall Street Futures were almost flat, but under pressure early Wednesday despite less hawkish Fed talks as the market is concerned about the Chinese slowdown amid zero COVID policy...

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23
Nov

FOMC Minutes, EU PMI, U.S. Home Sales

The U.S. dollar traded overall weaker against other major currencies and also reversed lower in pairs like the USD/MXN and USD/ZAR. Crypto markets started to recover on Tuesday wi...

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Wall Street surged on less hawkish talks by Fed

Wall Street surged on less hawkish talks by Fed

Wall Street Futures surged Tuesday on less hawkish Fed talks and the increasing probability of a ‘smaller’ +50 bps rate hike on 14th December instead of another ‘jumbo’ hike +75 bp...

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22
Nov

Canada House Prices, Retail Sales, Autodesk, Best Buy E...

The U.S. dollar traded firmer against other major currencies and also continued to push higher in emerging market currency pairs like the USD/CNH and USD/MXN. Cryptos traded clear...

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Oil wobbled on reports and denial of OPEC production hike

Oil wobbled on reports and denial of OPEC production hi...

Oil (WTI-December Exp) plunged over -5% and made a 11-month low around 75.28 on a WSJ report that led by Saudi Arabia, OPEC may propose a production hike of +0.50 mbpd in its forth...

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21
Nov

German PPI, Ethereum Under Pressure, NZ Trade Balance

The U.S. dollar trades overall stronger against other majors and also started to recover against multiple emerging market currencies with pairs like the USD/MXN, USD/INR and USD/CN...

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