Market Update

Oil prices rose on Tuesday, hovering near the highest levels in seven years recorded last week, supported by expectations of continued tight supply due to a limited increase by major producers and a strong recovery in fuel demand after the pandemic. Brent crude contracts for April delivery rose 24 cents, …

Gold was up 0.6% to $1,797.5, silver was up 0.5% to $22.41 an ounce, and copper was up 0.4% to $4.33 per pound. Among energy ETFs, the United States Oil Fund was up 0.6% to $62.35, and the United States Natural Gas Fund was up 5.4% to $17.16.US equities advanced …

US Treasury rates remain strikingly low, partly because of the safety government debt offers corporations and retirees. Markets have been in disturbance. The Federal Reserve is taking steps to cool off the economy, as questions loom about the course of the recovery. And news headlines are announcing that government bond …

US equities advanced after midday on Monday as technology and consumer discretionary sectors, which were among the worst performers last week, rebounded.The Nasdaq Composite jumped 2.4% to 14,101.01, with the S&P 500 up by 1.2% to 4,485.12. The Dow Jones Industrial Average climbed 0.6% to 34,938.32 after briefly trading in …

Federal Reserve Bank of Richmond President Thomas Barkin said, Monday, that he would like the Fed to get better positioned. “How fast we go depends on how the economy develops, he added, saying also that the pace of rate hikes will depend on the pace of inflation. I’d like us …

At $1,799, the Gold Index (XAU/USD) is firm in the New York session, trading 0.37% higher on Monday. Equity markets started the week supported by greater clarity on the Federal Reserve’s policy normalization path and buoyed by central banks’ focus on securing a sustainable business cycle.Emergency monetary policy accommodation will …

Federal Reserve Bank of Atlanta President Raphael Bostic on Monday said that he expects three rate hikes in 2022, in a reiteration of remarks made over the weekend. He clarified that a 50bps move in March was not the Fed’s preferred policy action and that the Fed is not fixed …

The EUR/USD pair is on the verge of an important upside break on the hourly charts. Bulls have their eyes set on a significant correction of last week’s bearish close and eye the 61.8% retracement level of the daily bearish impulse. The M-formation is compelling. This is a decline pattern …

Kansas City Fed President Esther George said on Monday that the Federal Reserve can move sooner to start reducing its bond holdings than in the past and aggressive action to shrink the US central bank’s portfolio.“What we do on the balance sheet will likely affect the path of policy rates …

The Bank of England will announce its decision on monetary policy this week. Market consensus points to a rate hike of 25bp to 0.50%. Analysts at Danske Bank see the BoE raising rates three times in 2022 (February, May and November) and consider that expectations of five hikes as being …