Market Insights
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Market Insights
BHP Group Eyes Record Highs Amid Bullish Momentum and Strategic Moves
As the Australian Securities Exchange (ASX) experiences one of its busiest weeks, all eyes are on BHP Group (ASX: BHP), the nation’s largest mining company. BHP is set to release its FY2022 results on August 16, 2022, amidst a flurry of earnings reports from some of the biggest names on the ASX. BHP’s recent announcement…
15 August 2022
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Market Insights
U.S. Economy Faces Uncertain Recession Status Amid Slowing Growth and Strong Employment
Despite two consecutive quarters of economic contraction, the U.S. has yet to be officially declared in a recession. The economy shrank by 0.9% year over year in the second quarter of 2022, following a 1.6% decline in the first quarter, meeting the technical definition of a recession. However, the National Bureau of Economic Research (NBER),…
02 August 2022
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Market Insights
US Dollar Index Faces Volatility Amid Key Economic Events and First Weekly Loss in Over a Month
The U.S. Dollar Index (DXY) experienced its first weekly loss after four consecutive weeks of gains, as concerns about rising prices and the potential for a recession weighed on market sentiment. Last week, the DXY dipped by over 1%, briefly testing the 106.50 level before rebounding to just above 107.00. The DXY, which measures…
27 July 2022
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