Energies
Monthly Archives: November 2022
Gold is heading for weekly losses and oil is losing control!
Written on November 18, 2022 at 8:06 am, by Designer
US stock indices fell at the end of yesterday’s session, Thursday, November 17, after hawkish statements made by a Federal Reserve official and data on the labor market, which led some investors to worry about further increases in interest rates. James Bullard said the Fed needs to continue raising interest rates as tightening its policyContinue Reading
Low energy prices with the continued decline of the dollar!
Written on November 17, 2022 at 8:40 am, by Designer
According to federal data released on Wednesday, November 16th, Retail Sales in the United States rose by 1.3% last month, exceeding expectations for a 1.2% increase. Sales excluding cars rose 1.3%, compared to expectations for a 0.6% increase. US oil inventories fell by 5.4 million barrels in the week ending November 11, to 435.4 millionContinue Reading
Markets await more economic data
Written on November 16, 2022 at 7:56 am, by Designer
Stocks rose at the end of Tuesday amid expectations of a slowdown in the pace of inflation in the United States, and after its price index showed an increase of 0.2% for the month of October. Mike Lewengart, an analyst at Morgan Stanley, said “The PPI reading certainly adds more fuel to the fire forContinue Reading
Gold regains its luster and energy markets decline
Written on November 15, 2022 at 7:34 am, by Designer
Goldman Sachs expects a significant decline in the US inflation rate in 2023, but it will remain above the Fed’s target of 2%. The US bank said in a note yesterday that the core personal consumption expenditures index, which is the preferred measure of inflation for the Fed, may decline from levels of 5.1% recordedContinue Reading
Markets Discount Recessionary Fears
Written on November 14, 2022 at 11:15 am, by Designer
This material provides real-time market analysis from contributing analysts. Please note that any views expressed in this material do not constitute operational advice. It is important to assess your risk tolerance and make independent trading decisions. STARTRADER holds no responsibility for any trading consequences that may arise from relying on the views expressed in thisContinue Reading
The Dollar Holds and Crypto Market Continues To Fall
Written on November 14, 2022 at 8:53 am, by Designer
Lower-than-expected inflation data last week pushed the dollar index to its biggest two-day percentage loss since March 2009. However, the U.S. dollar index held firm this morning as Fed members said the Fed will not soften its policy just yet. Cryptocurrencies remained under pressure after the fall of the crypto exchange FTX. FTX’s native token,Continue Reading
U.S. Inflation Softens And Gold Hit 10 Weeks High
Written on November 11, 2022 at 8:31 am, by Designer
U.S. Dollar Index (USDX) The dollar index and dollar index futures lost 0.2% each while languishing at a two-month low after data showed U.S. CPI inflation grew 7.7% in October, its slowest pace in nine months. The reading gives the Federal Reserve impetus to hike interest rates by a smaller hike of 50 basis pointsContinue Reading
The Greenback Is Weak And Markets Await CPI Data
Written on November 10, 2022 at 7:54 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar remains weak, although it edged higher during the Asian session. The Greenback stabilizing ahead of the key inflation data later today. Crucial U.S. consumer inflation data is expected to show the annual CPI figure falling to 8.0% in October from 8.2% the prior month, while the core figure,Continue Reading
Dollar Weakens, Crypto Falls, and Gold is at a Month High
Written on November 9, 2022 at 8:08 am, by Designer
U.S. Dollar Index (USDX) The dollar declined during the morning sessions, as traders await the results of the U.S. midterm elections. In addition, the inflation data could disappoint hopes for a slowdown in rate hikes. The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises andContinue Reading
