Energies
Monthly Archives: December 2022
The First Patch of U.S. Data is Due Today
Written on December 9, 2022 at 8:25 am, by Designer
The PPI reading is expected to herald a similar trend in the more closely watched consumer price index, which is set to be released next week. Rising interest rates were the biggest weight on gold prices this year, dragging the metal off annual highs as the opportunity cost of non-yielding assets rose. The direction ofContinue Reading
Markets Tilt To The Safe-Havens and WTI Hits Fresh Low
Written on December 8, 2022 at 8:23 am, by Designer
U.S. Dollar Index (USDX) The U.S. producer price index for November will be under the microscope on Friday for updates about the inflation in the country. Given that the Fed signaled that interest rates will track inflation, markets grew more cautious ahead of the reading. The U.S. dollar recovered some of the previous day’s lossesContinue Reading
Crude Oil Near One Year Low Despite Demand Expectations
Written on December 7, 2022 at 7:30 am, by Designer
Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp fall the previous session. The Fed is set to meet next week in its final meeting for the year. While theContinue Reading
U.S. Data Shows Resilience But The Greenback Remains Weak
Written on December 6, 2022 at 8:32 am, by Designer
U.S. Dollar Index (USDX) The U.S. dollar held firm this morning, following its biggest rally in two weeks amid the solid services data in the United States. However, the U.S. dollar index switched hands at 105.11 in the early Asian session, easing 0.1% after Monday’s 0.7% rally. It had dipped to 104.1 for the firstContinue Reading
STARTRADER Weekly Update | Non-Farm Exceeds Expectations While Gold Remains Steady
Written on December 5, 2022 at 9:18 am, by Designer
The U.S. non-farm payrolls grew more than expected in November. However, markets appeared to be sticking to the Federal Reserve’s message of 50 basis points hike. However, the greenback found support from the employment readings while the dollar index traded this morning right at 104. Gold started a steady week despite the strong economic dataContinue Reading
Non-Farm Exceeds Expectations While Gold Remains Steady
Written on December 5, 2022 at 8:59 am, by Designer
The U.S. non-farm payrolls grew more than expected in November. Meanwhile, markets appeared to be sticking to the Federal Reserve’s 50 basis points hike message. However, the greenback found support from the employment readings while the dollar index traded this morning right at 104. Gold started a steady week despite the strong economic data toContinue Reading
