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Market Analysis

January, 2022

  • 26 January 2022 1:14 am

    Major Currencies Trade With Pro-Risk Bias

    Uneven and rather unpredictable trading conditions have prevailed for a second successive session on Tuesday. Ahead of the US close, the S&P 500 is still trading in the red territory but has recovered sharply off earlier session lows, giving a sense of De-Ja Vu after yesterday’s ferocious late-session recovery.The net …

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  • 25 January 2022 11:28 pm

    USD/CHF Near Two-Week Highs Amid Speculations On SNB Intervention

    The USD/CHF pair hit its highest level in nearly two weeks on Tuesday as the Swiss franc lost its safe-haven shine despite further downside in US (and global) equities and ongoing Italian political uncertainty. The pair broke to the north of its 200 and 21-day moving averages in the 0.9160 …

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  • 25 January 2022 10:29 pm

    Hot CPI Data Shield Australian Dollar From Stock Market Losses

    The AUD/USD pair is stable in the 0.7140 area on Tuesday after Monday’s brief dip below 0.7100. Hotter than expected Australian CPI data is helping shield AUD from further risk appetite-related losses as US equities slide.After coming within a fraction of hitting the December 20 lows just above 0.7080 on …

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  • 25 January 2022 9:06 pm

    S&P 500 Dips As Monday’s Late Session Momentum Fades

    After Monday’s stunning late-session recovery that saw the major US indices post and incredible recovery from intra-day lows, sentiment has taken a turn for the worse again. The S&P 500, which recovered a more than 4.0% dip to as lows as the 4220s on Monday to close above 4400, is …

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  • 25 January 2022 8:53 pm

    US: CB Consumer Confidence Falls To 113.8 Above Expectations

    According to the latest US Conference Board survey, headline Consumer Confidence fell to 113.8 in January from 115.2 (revised lower from 115.8) in December, less than the expected decline to 111.8. The drop slight drop reflects the impact of the rapid spread of the Omicron Covid-19 variant in the US …

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  • 25 January 2022 7:59 pm

    Traders Reluctant Ahead Of BoC’s Rate Decision

    The USD/CAD pair has dropped back from earlier session highs in the 1.2660s to the 1.2640 area, to put it back to trading with Asia Pacific 1.2620-1.2650ish trading ranges. The Canadian dollar and other risk-sensitive currencies remain highly sensitive to US equity market volatility. Major US indices have been taking …

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  • 25 January 2022 7:40 pm

    Gold Prices Jump Boosted By T-Yields Drop

    A quick drop in US yields boosted XAU/USD that jumped from $1840 to $1853, reaching the highest level since November 19. It then pulled back all the way to $1840 and now is approaching the $1850 area again. Prices remain volatile in metals, stocks and bonds. The spike in gold …

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  • 25 January 2022 7:00 pm

    Market Drivers – European Session 25-1-2022

    The European session has been fairly quiet as stocks seem somewhat more cautious after the bounce on Wall Street yesterday. US futures have fallen since Asian trading and maintained this trend throughout European morning trading. The dollar received some support before the Federal Reserve. EUR/USD fell to fresh five-week lows …

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  • 25 January 2022 5:12 pm

    Pfizer and Biotech launch a trial of a vaccine targeting Omicron

    Pfizer

    Pfizer and Biotech said Tuesday they have started a clinical trial to test a new version of their vaccine specifically designed to target the omicron mutant of COVID-19 that has eluded some of the protection provided by the original two-dose vaccine regimen. The two companies intend to test the immune …

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  • 25 January 2022 4:36 pm

    USD Overview: The Focus is Back on FED

    The US dollar rebounded today, Tuesday, to record a strong rise against other currencies, coinciding with several factors that affected its performance, on top of which are the current geopolitical tensions and the markets’ anticipation of critical economic data. As Russia builds up its troops and soldiers at the Ukrainian …

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  • 25 January 2022 3:14 pm

    Oil Prices Rise as Fears of a Supply Shortage Grow Due to Political Tensions

    Oil prices rose on Tuesday, recouping some of their losses on Monday as rising tension in Eastern Europe and the Middle East heightened fears of a supply shortage. Brent crude futures rose $1.21, or 1.5 percent, to $87.52 a barrel by 0946 GMT, after falling 1.8 percent in the previous …

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  • 25 January 2022 2:29 pm

    German IFO Business Climate Unexpectedly Improves in January

    The headline German IFO Business Climate Index unexpectedly jumped to 95.7 in January versus last month’s 94.7 and the consensus estimates of 94.7. Meanwhile, the Current Economic Assessment dropped to 96.1 points in the reported month as compared to last month’s 96.9 and 96.1 anticipated. The IFO Expectations Index – …

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  • 25 January 2022 1:15 pm

    IBM Shares Rise About 7% After Results

    IBM shares jumped 7% in after-hours trading on Monday, January 24, after the software and services company said revenue jumped 6% in the fourth quarter, beating expectations. Revenue came in at $16.7 billion, versus analyst expectations of $15.96 billion, according to Refinitiv. The company showed the fastest revenue growth since …

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