US energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since 2008.The oil and gas rig count, an early indicator of future output, rose 13 to 663 in the week to …
Read More »Dollar Dominance Pressures Yen, Euro Amid Energy Shock and Diverging Economic Data
Global currency markets witnessed a clear divergence in recent sessions as the US dollar extended it…
Bitcoin Slips as $304M in Crypto Longs Vanish After Inflation Shock
The cryptocurrency market faced a sharp reality check this week as Bitcoin tumbled from its recent p…
Fed Officials Sound Inflation Alarm as Middle East Tensions Cloud Rate Path Outlook
Federal Reserve Bank of Minneapolis President Neel Kashkari has reiterated that inflation remains “t…
Warsh Confirmed as Fed Chair: A New Era of Interest Rate Power, Political Pressure, and Market Uncertainty
The U.S. Senate has confirmed Kevin Warsh as the new chair of the Federal Reserve in a closely watch…
Trump Xi Summit in Beijing Targets Trade Truce, Chip Controls, and Rare Earth Leverage
In a long-awaited return to Beijing after years of strained relations, US President Donald Trump arr…
Pound Slides as Starmer Pressure and US Inflation Fears Boost the Dollar
The British Pound remained under pressure against the US Dollar as investors reacted to a powerful m…
Oil Prices Hold Above $100 as Supply Risks and Inflation Fears Keep Markets on Edge
Global oil prices remained near the crucial $100-per-barrel mark on Wednesday, reflecting growing co…
PPI Data Shock: Why the Dow Jones is Falling and What it Means for Fed Interest Rates
Hot US inflation data sparks fresh market anxiety as Wall Street comes under pressure. Wall Street c…
U.S. Producer Prices Erupt 1.4% — Biggest Jump Since 2022 as Iran War Energy Shock Sets Inflation on Fire
Key Takeaways Massive PPI surge: Producer prices rose 1.4% month-on-month in April — nearly triple t…
Oil Pulls Back After 3-Day Surge: Aramco Warns Market Won’t Recover Until 2027 as Trump Lands in Beijing
Key Takeaways Modest retreat: Brent crude fell 0.5% to $107.26 per barrel, while WTI slipped 0.7% to…
Market Analysis
March, 2022
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12 March 2022 1:15 am
Before FOMC’s Meeting, Experts Still React To CPI Data
The Bureau of Labor Statistics this week reported that the Consumer Price Index, the most widely used measure of inflation, rose 0.8% in February, up 7.9% over the last twelve months. Just after the BLS’s data, the Brookings Institution gathered a host of experts to explain what the latest CPI …
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12 March 2022 1:03 am
US Dollar Extends Gains For Fifth Weeks
The US Dollar Index DXY gains 0.59% in the day, as USD bulls eye the 100 as the New York session winds down. The US imposes a new tier of sanctions against Russia.The US Dollar Index (DXY), a gauge of the American currency’s value against a basket of six rival …
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11 March 2022 11:40 pm
US Shares Drop Back As Investors Doubt Putin’s Comments
US equities traded in choppy, mixed fashion on the final trading day of what has been an indecisive week.The S&P 500 opened 0.5% higher following positive Putin commentary on Ukraine, but skeptical investors have since pared these gains.US equities traded in choppy, mixed fashion on the final trading day of …
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11 March 2022 10:55 pm
Canada’s Employment Data Justifies Another Rate Hike in April
Data released on Friday showed the Canadian economy created more than 300K jobs in February, much more than expected. The numbers from the report are more than enough justification for another rate hike in April from the Bank of Canada. It may have still been outside, but the Canadian labour …
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11 March 2022 10:45 pm
FOMC Could Opt Cautious Rate Policy Amid Ukraine Uncertainty
Federal Reserve officials next week will raise interest rates for the first time since 2018 and signal a faster pace of hikes in 2022, though policymakers may be cautious amid uncertainty due to Russia’s invasion of Ukraine.While markets expect six or seven hikes this year spread out during the Federal …
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11 March 2022 10:17 pm
US Dollar Surges Over Putin’s Positive Comment On Peace Talks
The US dollar edged higher on Friday while other safe-haven and commodity-linked currencies declined, after Russian President Vladimir Putin said there had been some progress in talks between Moscow and Ukraine.Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko that there had been “certain positive shifts” in negotiations …
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11 March 2022 9:58 pm
Can Global Economy Go Ahead Without Russian Commodities?
Russia ranks number one, two and three, among the world’s exporters of natural gas, oil and coal, respectively. Europe gets most of its energy needs from Russia. Russia also accounts for half of US uranium imports. It supplies a tenth of the world’s aluminium and copper, and a fifth of …
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11 March 2022 8:53 pm
Gold To Fall Toward $1,950, $1,940 On Hawkish Fed
Gold has reversed its direction after rallying toward new all-time highs. The precious metal is set to extend its downward correction on a hawkish US Federal Reserve.The Fed is widely expected to kick off its tightening cycle with a 25 basis points rate hike when the two-day FOMC policy meeting …
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11 March 2022 8:13 pm
WTI set to end historically volatile week under $110
After a historically volatile week, WTI is more subdued on Friday, remaining capped under $110 but supported above $104. WTI is on course for a weekly drop of over $7.0, which would be its worst one-week performance since November.Global oil markets look set to end a historic week of energy-related …
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11 March 2022 7:49 pm
Biden: US to revoke permanent normal trade relations with Russia
In a public address at the White House, US President Joe Biden confirmed on Friday that US would revoke permanent normal trade relations (PNTR) with Russia.US allies would also announce new actions against Russia on Friday, Biden said. The US is also to ban the imports of Russian luxury goods, …
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11 March 2022 6:19 pm
Canadian Economy Adds 336.6K Jobs in February
The Canadian economy added 336,600 jobs in February, well above the median economist forecast for 160,000 jobs to have been added on the month, a report released by Statistics Canada on Friday showed. That marked a substantial improvement compared to January, when slightly more than 200,000 jobs were lost as …
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11 March 2022 5:01 pm
Russian President Putin Says There Are Positive Shifts in Talks With Ukraine
Commenting on the latest talks with Ukraine, “there are certain positive shifts, negotiators on our side tell me,” Russian President Vladimir Putin said in a meeting with his Belarusian counterpart Alexander Lukashenko on Friday, as reported by Reuters. Putin refrained from sharing any additional details on the matter.
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