Oil prices continued to rise on Friday at the end of a volatile third week with little progress in peace talks between Russia and Ukraine, raising fears of tighter sanctions and prolonged oil supply disruptions. Russian President Vladimir Putin, in a stern speech on Thursday, denounced “traitors and scum” at …
Read More »Bitcoin Inches Higher After Steep Selloff, But Market Jitters Persist
Bitcoin edged slightly higher on Tuesday, stabilizing after a sharp selloff at the start of December…
U.S. Stock Futures Edge Higher as Fed Cut Bets Strengthen and Powell Successor Speculation Grows
U.S. stock futures ticked higher on Tuesday, as investors weighed soft manufacturing data, rising ex…
European Stocks Struggle for Direction as Markets Await Key December Policy Decisions
European equities traded without clear momentum on Tuesday, with investors cautious ahead of major c…
UK House Prices Beat Forecasts in November as Rising Wages Ease Affordability Strains
UK house prices rose slightly faster than expected in November ahead of finance minister Rachel Reev…
Oil Prices Hold Steady as OPEC+ Pause and Geopolitical Risks Support Market
Oil prices were steady in Asian trading on Tuesday, consolidating the previous session’s gains as OP…
Oil Prices Rise Amid U.S. Dollar Decline and Geopolitical Tensions
Crude oil prices climbed to their highest level of the week after the U.S. Dollar Index fell to a tw…
Precious Metals Rally as Dollar Weakens and Rate-Cut Bets Intensify
Gold and silver extended their upward momentum on Monday, driven by a softer U.S. dollar and growing…
Yen Strengthens as Markets Bet on a Bank of Japan Rate Hike
The Japanese yen advanced to a two-week high on Monday, pushing the USD/JPY pair down by roughly 0.5…
Euro Rises as Diverging Central Bank Policies Lift the Single Currency
The euro edged higher on Monday, climbing to its strongest level in two weeks against the U.S. dolla…
Global Stocks Slip as Bond Yields Rise, Disney Boosts Entertainment Sector
Global equities opened the week on a downward trajectory, pressured by rising U.S. and Japanese gove…
Market Analysis
March, 2022
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18 March 2022 10:22 am
China raises fuel prices to their highest level in more than a decade
Retail gasoline prices in China have risen to levels not seen since at least 2006, while diesel prices have risen to their highest level in ten years after the rise in global oil prices in the wake of the Russian invasion of Ukraine. The National Development and Reform Commission said …
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18 March 2022 3:27 am
Market Drivers – US Session – 17 March
The US Dollar remained under selling pressure throughout the day, accelerating its slump ahead of the London fix. The USD was affected by persistent weakness in government bond yields following the hawkish Federal Reserve’s announcement on Wednesday.Economic DataWTI crude has climbed near USD 102.00 as IEA renewed fears of supply …
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18 March 2022 2:48 am
S&P cuts Russia’s Ratings To ‘CC’ On Debt Default Risk
Global rating agency S&P cut Russia rating to ‘CC’ from CCC- while citing difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds on Thursday.“Russia’s payment difficulties stem from international sanctions that reduced its available foreign exchange reserves and restricted its access to the global financial system, markets …
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18 March 2022 2:41 am
WTI Beats USD 100.00 As IEA Restirs Supply Shortage Concerns
WTI crude has climbed near USD 102.00 as IEA renewed fears of supply shortage. The expectation of supply shortage from Russia has already been discounted by investors. The OPEC’s positive response to the urge of US President Joe Biden will fix the demand-supply gap.West Texas Intermediate (WTI), futures on NYMEX, …
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18 March 2022 2:06 am
USD/CHF Bounces Amid Fears Concerning Russia-Ukraine Talks
The USD/CHF pair has witnessed a pullback near 0.9340 after a decisive selling pressure from 0.9460 amid renewed fears of ceasefire delay between Russia and Ukraine. The Kremlin reportedly said that news pointing to progress in Ukraine-Russia peace talks was “wrong,” as per Reuters.Earlier, Ukraine officials reported that the negotiators …
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18 March 2022 12:16 am
EUR/USD Still Holds To Post-Interest Hike Gains
EUR/USD has been waning from earlier session highs in recent trade and is now back below the 1.1100 level. Since Wednesday’s Fed hawkish policy announcement, EUR/USD has gained about 1.0%, flummoxing some analysts.Markets seem to currently be being driven by “hopes” for a Russo-Ukraine peace deal, meaning geopolitics remains a …
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17 March 2022 11:45 pm
USD Extends Losses To Test Two-Week Low
The DXY Index has accelerated its reversal from the 99.30 area to test two-week lows at 97.80. The USD drops across the board after Fed’s monetary policy decision. Upbeat employment and construction data have failed to cheer USD buyers.The US dollar is losing ground across the board on Thursday. The …
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17 March 2022 11:06 pm
FOMC Summary: A Potential Collision On The Horizon
Coincident measures of real growth continue to slowly march lower on a trending basis. Leading indicators of real growth show no signs of an imminent inflection higher in growth. Jerome Powell was extremely hawkish after raising interest rates 0.25%.The yield curve flattened massively in response to slowing growth and an …
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17 March 2022 10:06 pm
GBP/USD Recovers Despite BoE’s Dovishness
The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …
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17 March 2022 9:50 pm
Game Changing In 2022, Could BTC price Be ‘In Millions’?
Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.Well known for his belief in Bitcoin …
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17 March 2022 9:22 pm
EUR/JPY Eyeing Annual Highs As Eurozone bond yields hit Fresh Highs
The EUR/JPY pair is pushing higher for a fifth successive session and is eyeing a test of 132.00. The pair’s more than 3.0% rally in the last five days comes as Eurozone bond yields push to multi-year highs. As long as geopolitical developments don’t deter the ECB from tightening in …
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17 March 2022 8:58 pm
US Shares Grind Higher Despite Mixed News On Peace Talks
US equities have traded in mixed fashion thus far on Thursday, having been buffeted by mixed Russo-Ukraine negotiations headlines. The S&P 500 is a tad higher on the day in the 4360s and eyeing a test of 4400.With the Fed meeting and US data out of the way, investor focus …
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