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Market Analysis

February, 2022

  • 26 February 2022 2:40 am

    Brent, WTI Back To Pre-Invasion Levels

    Both Brent and WTI crude oil benchmarks slipped back to pre-invasion levels on Friday afternoon, dashing the predictions of some that the oil markets would see apocalyptic pricing.As Russia moved into Ukraine on Thursday by land, air, and sea, crude oil prices shot up in an already volatile oil market. …

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  • 26 February 2022 2:22 am

    What US Consumer Spending Tells About Economy Status

    US consumer spending Rose by 2.1% in January and Inflation accelerated amid Omicron wave. Commerce Department’s inflation gauge rose 6.1% from a year earlier. As Russia’s attack on Ukraine helps push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil …

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  • 26 February 2022 1:33 am

    AUD/USD Surges Back As Risk Appetite Rebounds

    The AUD/USD pair saw an ultra-impressive rebound on Friday, with the pair rallying back into the mid-0.7200s despite ongoing uncertainty about the European geopolitical landscape and the global economy as fighting between Russian and Ukrainian forces in Ukraine intensified. The pair currently trades in the 0.7330s, up roughly 1.0% on …

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  • 26 February 2022 1:04 am

    Gold Retreats Amid Risk-on Market Mood

    the Gold Index (XAU/USD} is set to end the week with losses after reaching a daily high at $1974.48 on Thursday. Breaking news that Russia would be open to sit down and talk with the Ukrainian Government, increased appetite for riskier assets.The news about potential talks was the detriment of …

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  • 25 February 2022 11:51 pm

    China Urges Talks, Supports Respect of Ukraine’s Territory, Sovereignty

    In a statement on the Russo-Ukraine was released on Friday, China said that Ukraine’s territory and sovereignty should be respected and urged talks between Ukraine and Russia as soon as possible. China also called for a diplomatic resolution to the crisis as soon as possible. Shortly after, senior Chinese diplomat …

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  • 25 February 2022 11:04 pm

    US Drilling Rig Count Rises 5 weeks In A Row

    Baker Hughes on Friday reported that the number of active US rigs drilling for oil was up by two to 522 this week. That followed a climb of 4 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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  • 25 February 2022 10:50 pm

    EUR/USD Trims Weekly Losses As Traders Head Into Weekend

    The euro edges down 0.58% so far in the week, after falling in three of the week’s five trading days.On Friday, the EUR/USD trims some of its weekly losses, recording gains of 0.48% during the North American session. At press time, the EUR/USD is trading at 1.1252.In the overnight session …

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  • 25 February 2022 10:35 pm

    NZD/USD Surges Amid Ukraine’s Fighting

    Friday’s trading session, so far, has witnessed risk appetite improved as European and US equities trade remain in the green territory, ahead of the weekend on a busy week in the financial markets. In the currencies’ space, risk-sensitive currencies led by the NZD and the AUD record gains, while safe-haven …

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  • 25 February 2022 10:19 pm

    Bitcoin Rebounds 15% As Risk Appetite Bounces Back

    Bitcoin has been crushed at times over the last week, but the improvement markets have seen in risk appetite has given it a big boost. It is now recovering around 15% from yesterday’s lows and is up more than 2% today.Bitcoin is the ultimate risk asset, and if sentiment remains …

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  • 25 February 2022 9:53 pm

    Gold Struggling Despite US Pending Home Sales Data

    The US housing market continues to lose momentum with fewer Americans starting the process of buying a new home, according to the latest data from the the National Association of Realtors (NAR).Friday, the association said that its Pending Home Sales Index fell to a reading of 109.5 in January, down …

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  • 25 February 2022 8:52 pm

    US Shares Rebound On Positive Durable Goods Data

    US shares rose on the last day of the current trading week, despite having been in the red territory since Russian President Vladimir Putin recognized Donetsk and Luhansk separatist regions in Ukraine as independent states.Wall Street stocks were positively driven by economic data, which highlighted the rise of durable goods …

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  • 25 February 2022 8:39 pm

    MPR Expects Fed will soon raise FFR target range

    The US Federal Reserve on Friday released its semiannual Monetary Policy Report (MPR), which it normally does one week ahead of Fed Chair Jerome Powell’s semiannual testimony before the US Congress. The report reiterated the Fed’s policy guidance that it will soon be appropriate to raise the target range for …

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  • 25 February 2022 7:24 pm

    US Dollar Index Turns Negative Below 97.00

    The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main competitors, comes under pressure and slips back below the 97.00 yardstick on Friday.The index gives away further ground following a tepid change in the markets’ mood after news reported a probable meeting between Russian and …

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