New York Federal Reserve John Williams says that the central bank has to be data-dependent and transparent about its thinking.Williams says officials have to be open to changing course when the data suggests that’s what is needed.Key QuotesSupply chain issues and labour shortages have lasted much longer than expectedThere is …
Read More »U.S. CPI Hits 3-Year High of 4.2% as Gasoline Prices Surge 40.5%: Fed Rate Hike Bets Solidify
Key Takeaways Headline CPI accelerates: Annual consumer prices rose 4.2% in May — up from 3.8% in Ap…
U.S. CPI Hits 3-Year High of 4.2% in May: Iran War Energy Shock Keeps Inflation Pressure Firmly Elevated
Key Takeaways CPI at 3-year high: Annual U.S. consumer inflation rose to 4.2% in May — the highest r…
Trump Threatens Iran Power Plants and Bridges as Talks Collapse: Oil Surges 2% on “Bully of the Middle East is DEAD” Post
Key Takeaways Oil rebounds sharply: Brent rose 1.7% to $93.03 per barrel, while WTI climbed 2.0% to …
May Inflation Expected at 4.2%, Highest in Three Years as Iran War Ripples Through Consumer Prices
Key Takeaways 4.2% annual CPI expected: If confirmed, it would mark the highest inflation reading si…
Barclays: European Stocks Can Handle ECB Rate Hikes Better Than 2011 — Banks, Energy, and Miners the Top Picks
Key Takeaways ECB 25bp hike expected Thursday: Policymakers responding to Iran war energy-driven inf…
Wall Street Futures Slide as Iran Strikes Resume and Tech Rally Fizzles: CPI Data the Last Hope for Market Direction
Key Takeaways Futures fall: S&P 500 futures dropped 0.2% to 7,373.75, Nasdaq 100 futures fell 0.…
Bitcoin Crashes 3% as Iran Missile Barrage Crushes Peace Hopes: ETF Outflows Slow But War Fears Dominate
Key Takeaways Bitcoin falls 3%: The world’s largest crypto dropped to $61,375.5, wiping out mo…
Oil Rebounds 1.8% as U.S. Strikes Iran Over Downed Helicopter: Ceasefire Unravels and API Shows Massive 9M Barrel Draw
Key Takeaways Oil bounces back: Brent rose 1.8% to $93.08 per barrel, while WTI climbed 1.8% to $89.…
Gold Slides to 11-Week Low for Fourth Straight Session: U.S. Helicopter Shot Down Adds to Iran War Inflation Spiral
Key Takeaways Fourth consecutive loss: Spot gold fell 1.9% to $4,180.85 per ounce — its lowest since…
Asian Stocks Fall as U.S.-Iran Helicopter Shoot-Down Sparks Fresh Strikes: SoftBank Crashes 10% on OpenAI Loan Collapse
Key Takeaways Broad regional decline: Japan’s Nikkei fell 1.1%, TOPIX shed 0.7%, Chinese index…
Market Analysis
March, 2022
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4 March 2022 3:39 am
Ukraine: Over $54 Million Donations In Bitcoin
Donations in cryptocurrencies such as bitcoin and ethereum are pouring into Ukraine as the war with Russia enters its second week. Since Russian troops invaded Ukraine on 24 February, more than 102,000 cryptoasset donations, totaling $54.7 million, have gone to the Ukrainian government and Come Back Alive Campaign.Donations have also …
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4 March 2022 3:16 am
US Commerce Secretary reviews how tariff exclusions could ease inflation
US Commerce Secretary Gina Raimondo said on Thursday the Biden administration was examining whether providing exclusions from tariffs inherited from the previous administration was a way to ease inflation.“The president has asked me, has asked members of his cabinet, to look at every possible tool in our toolbox to deal …
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4 March 2022 2:09 am
WTI Retreats On Back Of Iranian Supply Prospects
US oil price is off by some 3% as WTI crude fell off decade highs on Thursday following reports that a deal to allow the return of Iranian supplies to the global market is near.Traders are looking for supplements that can replace Russian exports that have been cut by sanctions …
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4 March 2022 1:35 am
Ahead NFP Data, Gold Surges, Hitting USD 1,940
Gold price has surged in the late New York session. It trades now 0.6% higher and has reached a new high of USD 1,941.29. The US dollar has suffered a marginal blow late in the day without fundamental changes or news headlines.The DXY index slid from 97.953 and now sits …
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4 March 2022 12:53 am
Oil Slides as US Hints Significant Progress in Iran Nuclear Talks
US State Department said on Thursday that there has been significant progress in nuclear talks with Iran and we are close to a possible deal.However, a number of difficult issues remain unresolved and we will not have a deal unless we can resolve the remaining issues quickly. Oil slid 2% …
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4 March 2022 12:42 am
US Shares Pare Down Intra-day Losses
US equities maintained mixed performance on Thursday and defined more by rotation from growth into value than risk-on or risk-off. The S&P 500 recovered most of an intra-day drop of nearly 1.0%, but remains capped under 4400. US equity market trade has been more defined by rotation from high multiple …
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3 March 2022 11:41 pm
GBP/USD Slides On Fed Expectations
The GBP/USD pair is down on the day. At 1.3345, cable is losing 0.45% after sliding from 1.3417 and reaching a low of 1.3317. Traders are weighing the impact of Russia’s invasion of Ukraine against the Bank of England’s monetary policy. The BoE is set to hike for a third …
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3 March 2022 10:20 pm
USD/CAD Rebounds As WTI Oil Pulls Back From Yearly Highs
USD/CAD is currently trying to settle back above 1.2680, while the US dollar is gaining ground against a broad basket of currencies.The US Dollar Index is testing the resistance level at 97.75. If this test is successful, the US Dollar Index will move towards the next resistance at 98, which …
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3 March 2022 10:03 pm
3 Charts Explain Gold, Bitcoin Performance Since Russo-Ukrainian War Outbreak
Russia’s invasion of Ukraine has undoubtedly had a major influence on major financial markets, as some assets benefited and climbed strongly, while others incurred heavy losses. Bitcoin and gold have had the lion’s share of benefits as investors rush to hedge against the consequences of war.After initially falling to around …
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3 March 2022 9:15 pm
Macklem: QT natural next step after BoC’s rate hike
Bank of Canada Governor Tiff Macklem said on Thursday that the decision to hike interest rates means ending reinvestments and moving towards Quantitative Tightening (QT) as “a natural next step”.The timing and pace of QT will be fully transparent, Macklem added, saying that when we initiate quantitative tightening, we do …
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3 March 2022 7:37 pm
Powell: There will be upward pressure on inflation for a while
Federal Reserve Chairman Jerome Powell, in the second day of his semi-annual testimony before the US Congress, said that the rise in energy prices will work its way through to the US economy and there will subsequently be upwards pressure on inflation for a while. Key Quotes:“We could see people …
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3 March 2022 7:15 pm
US: February’s ISM Services PMI Falls Below Expectation
The headline ISM Services PMI figure slid to 56.5 in February from 59.9 in January, below the expected rise to 61.0, according to the latest release by the Institute for Supply Management.Economic activity in the services sector grew in February for the 21st month in a row, with the Services …
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