WEEKLY MARKET RECAP: October 31 – November 04, 2022
Happy Friday, traders! Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
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MARKET UPDATE
NY Fed official: Digital dollar could speed foreign exchange settlement A top Federal Reserve Bank of New York official said on Friday that the bank sees promise in using a…
MARKET UPDATE
Asian Stocks Slammed by Hawkish Fed, China Rally Pauses Asian stock markets tumbled on Thursday after the Federal Reserve espoused a more hawkish outlook than expected, with Chinese equities cutting…
Energy market turmoil shakes Europe’s green power plan
Europe’s plan to roughly double renewable power generation by the end of the decade to cut its emissions and reliance on imported Russian fuel is under threat from market turbulence…
MARKET UPDATE
Dollar Edges Lower; Looming Fed Decision Limits Volatility The U.S. dollar edged lower in early European trade Wednesday, with traders cautious ahead of the conclusion of a crucial Federal Reserve…
MARKET UPDATE
01/11/2022 Oil Prices Trim Losses as OPEC Hikes Demand Forecast Oil prices trimmed recent losses on Tuesday after the OPEC raised its medium to long term demand forecasts and said…
MARKET UPDATE
31/10/2022 Asia FX Slips as Weak China Data Weighs, Fed Meeting Awaited Most Asian currencies retreated on Monday as weak Chinese economic data weighed on sentiment, while markets hunkered down…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between October 31st, 2022, and November 4th 2022, where we take a look at the economic data, market news…
WEEKLY MARKET RECAP: October 24 – October 28, 2022
Happy Friday, traders! Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Crypto industry disappointed as Australia looks to enshrine tax rules The cryptocurrency industry said on Wednesday it was disappointed with Australia’s decision to continue treating digital currencies as assets for…
Oil prices dip on U.S. crude stock build, supply worries cap losses
Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, though supply worries capped losses. Brent crude futures for December fell $1.03, or 1.1%,…
MARKET UPDATE
Chinese Yuan Hits 15-Year Low on Political Jitters, Weak PBoC Fix China’s yuan hit its weakest level in nearly 15 years on Tuesday, while its offshore counterpart hit a new…
MARKET UPDATE
Dollar fends off another suspected intervention from Japan Suspected Bank of Japan (BOJ) intervention gave only brief respite to the Japanese yen as the dollar stayed strong on Monday, while…
WEEKLY ECONOMIC CALENDAR AHEAD
Here is what you need to know about the important news between October 24th, 2022, and October 28th, 2022, where we take a look at the economic data, market news…
WEEKLY MARKET RECAP: October 17 – October 21, 2022
Happy Friday, traders! Welcome to our weekly market wrap, where we look back at these last five trading days with a focus on the market news, economic data and headlines…
MARKET UPDATE
Dollar rides Treasury yields higher, yen closes in on key 150 level The dollar loomed over major peers on Thursday as Treasury yields peaked at multi-year highs, while the yen…
Markets braced for intervention as yen nudges key 150 level
Japanese Finance Minister Shunichi Suzuki on Thursday vowed to take “appropriate steps” against excessive currency market volatility, renewing his threat of intervention as the yen slides to a 32-year low…
MARKET UPDATE
Asian shares dragged lower by China, UK inflation on radar Asian shares were mixed on Wednesday, with investors cautious on China amid the ongoing Party Congress, while European markets are…
MARKET UPDATE
New Zealand Dollar Jumps 1% as Rising Inflation Spurs Rate Hike Bets The New Zealand dollar jumped on Tuesday after inflation for the third quarter blew past expectations, driving up…
MARKET UPDATE
Oil Rises as OPEC+ Members Voice Support for Supply Cut Oil prices rose on Monday, recovering some of last week’s losses as more OPEC+ members expressed support for a recent…