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Market Analysis

February, 2022

  • 19 February 2022 3:14 am

    Market Drivers – US Session – 18 February

    During Friday’s session, the precious metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.Brent crude futures settled 57 cents, or 0.6%, higher at USD 93.54 a barrel, while American WTI crude ended …

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  • 19 February 2022 3:00 am

    Gold Trapped In A $14 Range As Bulls Prepare An Assault Of $1900

    During Friday’s session, the yellow metal consolidated around the $1,886-$1,900 area, amongst exchanges of statements in news media between Russia, Ukraine, and NATO countries, keeping uncertainty around the current situation in Ukraine.The US 10-year Treasury yield fell five basis points sits at 1.925% in the bond market. At the same …

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  • 19 February 2022 2:45 am

    Oil Traded At USD 91.07, Drilling Rigs Surge For Fourth Week

    Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by four to 520 this week. That followed a climb of 19 oil rigs the week before, Baker Hughes data show. The total active US rig count, which includes those drilling for natural …

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  • 19 February 2022 2:26 am

    Geopolitics, Australian Wages Data Impacting AUD/USD

    AUD/USD was unable to hold to the north of the 0.7200 level for a third successive trading session, despite solid jobs data earlier in the week keeping calls for RBA monetary tightening this year.At current levels in the 0.7170s, AUD/USD is trading a touch lower on the day, though still …

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  • 19 February 2022 12:52 am

    USD Remains Cool Amid Geopolitical Chaos

    Gold and the USD Indexes reacted energetically to the concerns raised by Eastern Europe’s tensions. However, only the US dollar can stay cool about its medium-term future.Geopolitical tensions uplift gold, silver and mining stocks, they are in rally mode each and every minute a doom-and-gloom headline surface. However, while the …

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  • 18 February 2022 11:54 pm

    GBP/USD Cannot Break Above February Range

    GBP/USD tried but was unable to break above its 1.3500-1.3650ish range that has prevailed for most of February. The pair fell back under 1.3600 in the US session as geopolitical angst remains elevated. That kept USD in demand and negated pushback against a 50bps March rate hike from Fed’s Williams.The …

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  • 18 February 2022 10:39 pm

    US Equities Dipped In Second Successive Weekly Loss

    US equity markets fell for a second successive session on Friday ahead of the long weekend and now look on course to post a second successive negative weekly close for the first time since November 2021.US equity investors said on Friday that they didn’t want to be caught exposed ahead …

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  • 18 February 2022 10:16 pm

    Russian Economy Grows 4.7% in 2021, Quickest Pace Since 2008

    The economy of the world’s top energy exporter grew the most in more than a decade in 2021, rebounding from a pandemic-related recession the year before as oil prices jumped and consumer spending grew. Russian gross domestic product rose 4.7% last year, the fastest since 2008, according to the Federal …

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  • 18 February 2022 9:25 pm

    Fed’s Williams: Inflation is way too high right now

    NY Fed President, influential FOMC member John Williams said on Friday that inflation is way too high right now, but there are some reasons for optimism that it will come down, according to Reuters. Additional Quotes:“Businesses that rely on people commuting to work in the office are seeing a slower …

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  • 18 February 2022 7:35 pm

    Eurozone Consumer Confidence falls Below expectations

    According to the flash estimate of the European Commission’s Eurozone Consumer Confidence survey, the headline index fell to -8.8 in February versus forecasts for a slight rise to -8.0 from -8.5 the month prior of January. The euro did not see any reaction to the slightly weaker than expected Eurozone …

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  • 18 February 2022 7:26 pm

    US Existing Home Sales Unexpectedly Rise In January

    US Existing Home sales rose sharply according to data published by the National Association of Realtors on Friday. That took the 12-month rolling number of sales higher to 6.50M from 6.09M in December, above the expected 6.10M. The median price of homes sold was $350.3K, up 15.4% YoY. Home sales …

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  • 18 February 2022 7:16 pm

    USD/JPY retreats from daily highs

    The USD/JPY is losing 0.23% amid a mixed-market mood in the week. The DXY approaches the 96.00 figure despite increasing tensions in Ukraine. Fed’s Bullard and Mester favor hiking rates at a faster pace.The USD/JPY pair reversed the curse as the weekend approached amid a mixed market sentiment, driven by …

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  • 18 February 2022 5:27 pm

    Safe Haven Currencies Fall on Hopes Over Ukraine Crisis

    The safe-haven Japanese yen weakened on Friday, and risk-sensitive currencies such as the Australian dollar rose as investors took comfort from a plan for talks between the United States and Russia on the crisis in Ukraine. The Euro rose as the dollar weakened. The yen and the Swiss franc, a …

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