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Market Analysis

March, 2022

  • 9 March 2022 3:19 am

    RBA Waits To Assess Uncertainties

    RBA

    “Not yet at point where inflation sustainably in target,” said Reserve Bank of Australia (RBA) Governor Philip Lowe at the Australian Financial Review Business Summit on early Wednesday morning in Asia.Additional Quotes:“I recognise that there is a risk to waiting too long, especially in a world with overlapping supply shocks …

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  • 9 March 2022 3:12 am

    Russia’s Sovereign Default Imminent

    Global rating agency Fitch has downgraded Russia from ‘B’ to ‘C’, the second rating downgrade in a week, during Tuesday. The news may propel USD/RUB towards another record high, around 129.70.In addition to the rating cut, Fitch also mentioned, “The recent downgrade of a ‘C’ rating for Russia reflects belief …

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  • 9 March 2022 2:27 am

    Brands, Highest Value Businesses Pull Out From Russian Market

    PepsiCo Inc and Coca-Cola said on Tuesday they are suspending sales of their sodas in Russia, to be the latest addition to a long list of high-profile Western consumer brands to taper, suspend or curtail their operations in Russia in the aftermath pf following the invasion of Ukraine.Coca-Cola said its …

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  • 9 March 2022 2:01 am

    Energy Prices Surge On Russian Ban

    Gas prices hit a record in the United States. Stocks on Wall Street rose slightly, rebounding from their sharpest drop in more than a year.Oil and gas prices surged again on Tuesday as Western lawmakers advanced efforts to isolate Russia by taking steps to cut it off from global oil …

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  • 8 March 2022 11:58 pm

    Volatility Could Drag Gold Back

    Gold prices are volatile on Tuesday as risk sentiment ebbs and flows surrounding the Ukraine crisis. The precious metal trades now at $2,052.70 per ounce. At $2,041 per ounce, gold prices are higher by 2.20% on the day despite a $50 per ounce drop in midday New York on the …

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  • 8 March 2022 11:39 pm

    After Daily Highs, US Shares Prepared To Close Flat

    Improved market mood caused a jump off the lows, but it was short-lived, trading near the open of the session. The stock market was trying to rebound from its worst day of selling in months Tuesday even after President Joe Biden announced a ban on Russian oil. By afternoon, the …

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  • 8 March 2022 10:50 pm

    EUR/USD Higher On Hopes For Ukrainian Russian Dialogue

    Eurozone

    EUR/USD is trading near the highs of the day as markets hold higher hopes of a breakthrough in the dialogue between Russia and Ukraine. An interview between Ukraine’s president and ABC News from Monday night is being reported on in New York trade by AP News Service.The article has highlighted …

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  • 8 March 2022 10:35 pm

    Zelensky: Ukraine Won’t Give Up

    Ukrainian President Volodymyr Zelensky addressed the UK House of Commons via video on Tuesday, saying Ukraine “will not give up” on defending itself against Russia.Key Quotes:“I’m addressing you as a citizen as a president of also a big country with a dream and big effort,” Zelensky started his address by …

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  • 8 March 2022 10:18 pm

    AUD/USD Extends Weekly Losses

    The AUD/USD pair slides for the second consecutive day, despite a vow of a risk-on market mood in the financial markets, spurred by an announcement of Ukraine not insisting on joining NATO. The AUD/USD is trading at 0.7280, still down 0.47%.Earlier in the day, the market mood was dismal, spurred …

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  • 8 March 2022 9:46 pm

    Ukraine’s Remarkable Hints: No Longer Insisting On NATO Membership

    In a remarkable development and a nod to Russia, Ukraine hints, on Tuesday, that the east Eropean nation is no longer insisting on NATO membership. Similar news headline is now prevailing world media outlets though was referring to an interview conducted on Monday. Ukraine’s aspirations to join NATO was a …

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  • 8 March 2022 9:35 pm

    UK Plans To Taper Russian Energy Imports By Year End

    According to the latest UK government’s statement, on Tuesday the United Kingdom will taper its imports of Russian energy and oil products by the end of the current year 2022.This move will give the market, businesses and supply chains more than enough time to replace Russian imports by similar goods …

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  • 8 March 2022 9:09 pm

    Biden Announces US Ban On Russian Energy Imports

    As market participants expected, in a public address from the White House, US President Joe Biden announced US ban on all Russian imports including oil and gas.Biden’s decision was made in consultation with the US’s Western allies, Biden added, noting that he understood that many European allies that don’t produce …

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  • 8 March 2022 8:33 pm

    US Widening Trade Deficit Driven By Weak Export Growth

    Data released on Tuesday, showed the US trade deficit widened in January to a new record high. Analysts at Wells Fargo point out it reflects the relative out-performance of the US economy during a pandemic era characterized by volatile swings but generally an environment of faster growing imports and slower …

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