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Market Analysis

March, 2022

  • 7 March 2022 2:22 pm

    The Parity of The Euro And The Swiss Franc Amid Fears of Stagflation

    The European single currency briefly fell below par with the Swiss franc for the first time in seven years on Monday and settled at a 22-month low against the US dollar as rising crude oil prices fueled fears that stagflation could sweep across Europe. The war in Ukraine and harsh …

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  • 7 March 2022 1:46 pm

    Eurozone Sentix Investor Confidence Crumbles to -7 in March

    Eurozone’s investor sentiment got crushed in the third month of 2022; the latest data published by the Sentix research group showed on Monday. The gauge tumbled sharply to -7 in March from 16.6 in February vs. a drop to 5.3 expected. The index hit its lowest level since November 2020. …

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  • 7 March 2022 12:47 pm

    Japan’s Nikkei Index Records Biggest Drop in 5 Weeks

    Japan’s Nikkei index posted its biggest drop in more than five weeks on Monday as the Russia-Ukraine war showed no signs of ending, driving up oil and other commodity prices and raising fears of an inflationary shock accompanied by a global economic recession. The Nikkei index lost 2.94 percent to …

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  • 7 March 2022 11:25 am

    Gold Exceeds the 2,000 And Palladium Rises to Record Levels

    On Monday, gold prices crossed the $2,000 mark for the first time in a year and a half as investors sought that safe haven in the wake of the escalating Russia-Ukraine crisis while fears of a halt in palladium supplies pushed to an all-time high. And gold rose in spot …

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  • 7 March 2022 10:30 am

    Britain Pledges $100 Million to Help Ukraine

    British Prime Minister Boris Johnson’s office said Britain will provide $100 million (£75.6 million) to Ukraine through the World Bank as it seeks to keep the country running its core functions and alleviate the financial pressures caused by the Russian invasion. Britain is seeking to play a pivotal role in …

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  • 7 March 2022 9:40 am

    Germany: Factory Orders, Retail Sales Beat Estimates in January

    The German Factory Orders increased more than expected in January, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is on an upward trajectory. Contracts for goods ‘Made in Germany’ rose by 1.8% on the month vs. 1.0% expected and 3.0% last, the latest data published by …

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  • 7 March 2022 9:01 am

    Oil Price Rises Ten Percent in Asia

    Oil prices rose more than ten percent in frantic trading on Monday due to fears of a US and European embargo on Russian oil and delays in Iran’s nuclear talks. Brent price rose $12.73 to $130.84, while US crude rose $9.92 to $125.60. And after Brent crude rose 21 percent …

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  • 7 March 2022 8:30 am

    Nikkei Falls 2.07% at The Beginning of Trading in Tokyo

    The Nikkei average fell in early trading on the Tokyo Stock Exchange on Monday. The Nikkei fell 2.07 percent to 25,446.35 points, while the broader Topix index fell 1.80 percent to 1811.73 points.

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  • 7 March 2022 5:46 am

    Weekly Recap 28 Feb – 4 Mar

    The forex markets ended the week’s trading negatively, especially after Russia bombed one of the largest nuclear power plants in Ukraine. The US dollar ended the trading on significant gains, taking advantage of the war in Ukraine, in addition to the speech of Jerome Powell, Chairman of the Board of …

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  • 5 March 2022 2:28 am

    Market Drivers – US Session – 4 March

    The US dollar has benefited from two main things ; firstly, it is looked upon as a safe-haven currency, meaning this week’s choppy equity market conditions weighed on GBP/USD. Secondly, though the BoE does have a head start versus the Fed having kicked off its hiking cycle at the end …

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  • 5 March 2022 2:07 am

    US Oil Drilling Rig Count Down For First Time In 6 Weeks

    Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was down by three to 519 this week. That followed increases in each of the last five weeks, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural gas, …

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  • 5 March 2022 1:49 am

    Could Russia Sanctions Impact US Dollar?

    Economies of the the United States and other Western nations have deployed a set of potent financial weapons against Russia with remarkable speed aiming at crippling the Russian economy. Cutting off access to global financial markets and to Russia’s war chest of foreign-exchange reserves has dealt Russia’s economy a crippling …

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  • 5 March 2022 1:31 am

    USD/JPY Retreats To Weekly Lows

    On Friday, the USD/JPY retreats at around 115.80 to weekly lows, negating the chart pattern late in the New York session. At 114.85, the USD/JPY reflects the risk-off market mood due to increasing tensions on the Russia-Ukraine conflict.Global equity indexes recorded losses on a busy day on Friday. The USD …

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