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Market Analysis

November, 2021

  • 5 November 2021 1:27 am

    Bank shares severely beaten as Treasury yields fall

    Financial shares were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve’s detailing of its tapering plans. As the Bank of England held off on an expected rate hike, the SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components …

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  • 5 November 2021 1:09 am

    Nasdaq Extends Gains, as Treasury Yields Fall

    As traders are still betting on the pace of tightening by the Federal Reserve, stocks climbed to another record and bond yields retreated.Technology and retail shares drove gains in the S&P 500, while the Nasdaq 100 extended its rally into a ninth straight day; the longest winning line of successive …

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  • 5 November 2021 12:54 am

    Gold stuck in a difficult day between $1,750-$1,800

    The gold market is stuck in a hard day, with prices trading in a narrow range between $1,750-$1,800 an ounce.There is no driver strong enough to push gold below $1,750 an ounce or above $1,800 an ounce, there’s certainly an apprehension to sell gold after Jerome Powell’s statements to the …

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  • 5 November 2021 12:33 am

    CAD at mercy of oil price fluctuations

    USD/CAD is currently trading at highs of the day slightly tend to uptrend to 1.2450 per barrel mark, sharply up from Asia Pacific session lows around the 1.2400 level, the pair is trading as a function of oil prices more than anything else. Crude oil prices have reversed sharply from …

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  • 4 November 2021 10:10 pm

    Powell and Lagarde to markets: Hold your rate horses

    All expectations that tightening signals by BoC and RBA would push the world’s biggest monetary policy actors to accelerate their own timelines for rate hikes ran into a wall with the U. S. Federal Reserve and European Central Bank saying they would not hike interest rates so fast.Rate futures and …

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  • 4 November 2021 9:40 pm

    GBP Hammered After BoE’s Statement

    The British pound was hit rather hard during the course of the trading session on Thursday as the Bank of England has decided not to raise interest rates. Although the market had been trying to price in some type of hike, the question now is whether or not 1.35 can …

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  • 4 November 2021 8:52 pm

    Labour shortage Threatens U. S. economic recovery

    After enhanced unemployment benefits expired and schools re-opened, workers were expected to go back to work and the U. S. labor shortage was also expected to ease significantly by September. But recent data suggest that the shortage is getting more severe.Though the risk of a severe shortage continuing into 2022 …

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  • 4 November 2021 8:20 pm

    Domestic Demand Boosts U. S. Imports

    Solid domestic demand in the U. S. has caused import growth to outpace exports for the most of the past year, according to Wells Fargo.Analysts pointed out that with consumption slowly rebalancing back toward services spending, imports should eventually slow and provide some relief at U. S. largest ports. Industrial …

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  • 4 November 2021 7:25 pm

    WTI crude oil reacts to OPEC’s decision by retreating to $81

    As widely anticipated, OPEC+ has agreed to stick to their existing plan to increase output by 400K barrels per day/month in December. Despite this news, trade has been uneven over the last hour, with oil prices having fallen back sharply from earlier highs. Front-month WTI futures, which were above $83.00 …

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  • 4 November 2021 6:46 pm

    Market Drivers – European Session 04-11-2021

    The markets saw some moves during the European session on Thursday. The main drivers of the markets were the British interest rate decision. The dollar rose again as the market continued after the FOMC meeting, with the dollar significantly outperforming all currencies except the yen. The Bank of England’s (BoE) …

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  • 4 November 2021 5:55 pm

    BoE’s Andrew Bailey Speech Highlights

    Following the Bank of England’s (BoE) decision to leave the policy rate and the Asset Purchase Facility unchanged at 0.1% and £895 billion, respectively, BoE Governor Andrew Bailey is delivering his remarks on the policy outlook. “Cannot give a fixed time span for ‘transitory’ inflation.” “Unemployment is not expected to …

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  • 4 November 2021 5:08 pm

    US: Weekly Initial Jobless Claims Decline to

    There were 269,000 initial claims for unemployment benefits in the US during the week ending October 30, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 283,000 (revised from 291,000) and came in better than the market expectation of …

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  • 4 November 2021 4:11 pm

    Bank of England Leaves Policy Rate Unchanged

    The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.1% following the November policy meeting. in line with the market consensus, market pricing was pointing out to a 50% chance of a 15 basis points rate hike.

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