Market Update

San Fransisco Fed President Mary Daly said on Tuesday that the US now has policy-supported demand combined with fragile supply chains, which is a recipe for inflation. Key Quotes On Monetary Policy“It’s time to remove accommodation, marching up to neutral, looking if we need to go over neutral.”“Right now full …

US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …

Crypto service providers may be an “accomplice to” circumventing sanctions against Russia, and crypto assets have been and remain a threat, said Christine Lagarde, president of the European Central Bank (ECB).Lagarde said the amount of Russian rubles going into crypto and stablecoins have been on the rise, speaking at the …

US stocks rose and government-bond yields jumped Tuesday, as investors shook off concerns that rising inflation will drag the nation’s economy into a recession.Tuesday’s moves had all three US indexes up at least 2% for the month so far, building on last week’s gains. The Dow Jones Industrial Average rose …

Gold Price gave up Monday’s gains as the market’s sentiment improved and US 10-year Treasury yields renew three-year high amid aggressive US Fed officials. Gold Price trades near a daily low of $1,910.64, pressured by the upbeat tone of Wall Street, regardless of a solid reason for such optimism. Inflation-related …

The USD/CAD grinds higher after five days in the red territory. Fed’s Chair Powell approves 50 bps rate hikes and could happen not just once. The USD/CAD The USD/CAD snaps five days of consecutive losses amid a risk-on market mood. At the same time, oil prices ease from around $115.00, …

Belarus could “soon” join the war in Ukraine, US/NATO officials said on Tuesday, tweeted a CNN reporter, and are already taking steps to do so. “Putin needs support” and “anything would help” one official was quoted as saying. The reporter said that Belarusian opposition told them that combat units are …

The Australian dollar hit a five-month high of $0.7443 before settling around $0.744 on Tuesday, as investors price the chances of the Reserve Bank of Australia catching up with the Federal Reserve’s tightening. Previous hawkish comments by Federal Reserve Chairman Jerome Powell put pressure on the Australian dollar, with Powell …

Russian Transport Minister Vitaly Savelyev said on Tuesday that 78 Russian planes had been confiscated abroad, the Interfax news agency reported, as Russia suffers the effects of international sanctions over its actions in Ukraine. Sanctions cut off supplies of aircraft, spare parts, and services to Russia, and Russian airlines have …

The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …