Beyond March, analysts at Wells Fargo expect the European Central Bank to start raising its Deposit Rate shortly after it completes its net bond purchases.An initial 25 bps Deposit Rate hike is expected in December 2022 and another 25 bps hike in March 2023. They consider the divergence between the …
Read More »UK Borrowing Surges Past Forecasts as Inflation Hits Debt Costs
Key Takeaways May’s budget deficit hit £23.3 billion, up 30% year-on-year and well above the £…
Oil Holds Near $80 as U.S.-Iran Talks Collapse, Testing Fragile Truce
Key Takeaways Friday’s U.S.-Iran nuclear talks in Geneva were postponed after VP JD Vance scra…
Yen Nears 40-Year Low as Dollar Holds Firm on Hawkish Fed, Iran Uncertainty
Key Takeaways USD/JPY hit 161.8, closing in on 1986 levels, with traders watching for possible Japan…
Bitcoin Slides Toward Weekly Loss as Fed Hawkishness, Iran Talks Collapse Hit Risk Appetite
Key Takeaways Bitcoin fell 2% to $62,687.6, on track for a 2.8% weekly loss. Spot Bitcoin ETFs saw a…
European Stocks Eke Out Gains as Fragile Iran Truce Meets Hawkish Fed
Key Takeaways The STOXX 600 rose 0.2%, with the DAX up 0.4%, CAC 40 up 0.3%, and FTSE 100 up 0.1%. E…
Dollar Holds Near 13-Month High as Hawkish Fed Meets Iran Talks Collapse
Key Takeaways The U.S. Dollar Index hit its highest level since mid-May 2025, up 0.1% Friday after a…
U.S.-Iran Nuclear Talks Collapse as Vance Pulls Out of Geneva Summit
Key Takeaways Friday’s U.S.-Iran nuclear talks in Geneva were postponed after VP JD Vance scra…
Oil Bounces But Heads for 8% Weekly Crash as Geneva Talks Suspended: Israeli Strikes Cast Shadow Over Fragile Deal
Key Takeaways Brutal weekly loss: Both benchmarks set for nearly 8% weekly declines, trading near th…
Gold Heads for Third Straight Weekly Loss as Dollar Hits 13-Month High
Key Takeaways Gold extends losses: Spot gold fell 1.8% to $4,134.86 per ounce, while gold futures sl…
Bitcoin Under Pressure as Global Monetary Shifts Shake Investor Confidence
Cryptocurrencies face growing headwinds from central banks, capital rotation, and weak market sentim…
Market Analysis
February, 2022
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8 February 2022 9:01 pm
US Stocks Mixed Following December Trade Balance Data
Wall Street stocks were mixed early on Tuesday as market participants digested December’s trade balance figures and continued to look ahead to key inflation data scheduled for release later in the week.As of 1510 GMT, the Dow Jones Industrial Average was up 0.13% at 35,135.36, while the S&P 500 was …
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8 February 2022 8:18 pm
French trade deficit hits record level despite economic rebound
France’s trade deficit in goods widened to a record €84.7bn last year, creating what its finance minister Bruno Le Maire called “a black mark” over the economy. The 31 per cent increase in the country’s trade deficit in goods came as its economy rebounded strongly from the fallout of the …
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8 February 2022 8:02 pm
Economic Recovery Pushed 2021 US Trade Deficit To Record
Continued strong consumer appetite for overseas goods pushed up the US trade deficit in December, sending the full-year import-export gap to a record level in 2021.The December deficit in trade of goods and services grew by 1.8% to a seasonally adjusted $80.7 billion, the Commerce Department said Tuesday, just less …
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8 February 2022 7:06 pm
WTI Crude Recovers Amid Profit Taking
West Texas Intermediate crude dipped on Tuesday amid profit-taking though has recovered from session lows near $89.00 back above the $90.00 level.Analysts cited chatter about a potential US-Iran nuclear programme deal and President Macron’s Moscow visit as weighing on prices.Front-month WTI futures pulled back from close to seven-year highs on …
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8 February 2022 6:32 pm
Market Drivers – European Session 8-2-2022
The euro fell for the second day in a row in trading on Tuesday after European Central Bank President Christine Lagarde said there is no need for significant monetary tightening in the Eurozone. The dollar index rose 0.3 to 95.67, and the Australian dollar was little changed at $0.7127, but …
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8 February 2022 5:17 pm
Pfizer Expects $54 Billion in 2022 Sales on Covid Vaccine
Pfizer Inc. recorded quarterly profits above analysts’ expectations, and its revenues rose, but less than estimates, while it expects to record strong sales of its vaccine and treatment for the Coronavirus. Pfizer’s fourth-quarter revenue more than doubled overall to $23.84 billion year-over-year, driven by $12.5 billion in sales of its …
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8 February 2022 3:49 pm
Euro Faces Difficulty in Staying Above $1.14
The euro fell for the second day in a row on Tuesday after European Central Bank President Christine Lagarde said that there is no need for significant monetary tightening in the eurozone. Bond yields rose, and the euro recorded its highest weekly performance since March 2020 last week, when the …
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8 February 2022 2:02 pm
Strong Business Results Support European Stocks
European shares extended gains on Tuesday after the European Central Bank chief eased concerns about faster monetary policy tightening this year, while positive business results supported investor sentiment. The benchmark Stoxx 600 index was up 0.3 percent by 0830 GMT. Oil stocks were among the biggest gainers on the European …
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8 February 2022 1:24 pm
Gold Settles Near Its Highest Level in a Week Amid Political Tensions
Gold prices stabilized on Tuesday in light of concerns about Russia and Ukraine, which kept the metal, which is considered a safe haven of value, supported near the highest level in a week, which was recorded in the previous session. At the same time, the markets awaited US inflation data …
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8 February 2022 1:23 pm
America Adds Chinese Entities to The List of Exports That Require Additional Procedures
The US Commerce Department said it has added 33 Chinese entities to what it calls a list of unverified exports that requires US exports to go through additional procedures before goods are shipped to those entities. On Monday, the department said it was taking the step because it was unable …
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8 February 2022 12:30 pm
Technology Stocks Push The Nikkei Higher
The Japanese Nikkei index closed slightly higher on Tuesday, supported by technology shares, as investors were keen to snap up the shares that were hurt, despite caution that prevails ahead of the release of US inflation data due later this week. The Nikkei index closed up 0.13 percent at 27,284.52 …
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8 February 2022 3:47 am
Market Drivers – US Session – 7 February
Contrary to the positive surprise provided by the last week’s US NFP and jobs data, the US inflation profile expectations depict a downbeat scenario ahead of the key US Consumer Price Index data for January. Last week’s NFP data continued to support the USD on Monday.Economic DataThe economic docket for …
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