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Market Analysis

January, 2022

  • 8 January 2022 2:03 am

    Bank of England’s February Rate Hike Still 50:50

    Will the Bank of England hike interest rates again at the beginning of February? Market observers do believe the answer is yes. The monetary policy committee may wait until May, though February’s meeting is looking much more 50:50 than it did just a few weeks ago. Partially, that is because …

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  • 8 January 2022 12:43 am

    Eurozone Inflation Soars To Record 5 Percent,

    Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …

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  • 8 January 2022 12:23 am

    US Drillers Add Oil, Gas Rigs For Fourth Week

    US energy companies kicked off the new year by continuing to add oil and natural gas rigs this week after increasing the rig count in 2021 after two years of declines.The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to …

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  • 7 January 2022 11:31 pm

    US Treasury Yields Surge On Wage Growth

    The US 10-year note’s yield extended its climb, reaching the highest level in nearly two years, after December employment data showing strong wage growth fanned inflationary concerns and solidified March as the likely starting point for the first rate hike by the Federal Reserve.While the 199,000 new jobs fell short …

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  • 7 January 2022 10:32 pm

    WTI Maneuvering Geopolitical Worries, Still Targeting Solid Weekly Gains

    WTI slipped back under $79.00 on Friday but remains on course for substantial weekly gains. Supply as well as geopolitical issues have been key drivers of oil this week, with the broader macro-economic story taking a back seat.  Oil prices have come under modest selling pressure on the final day …

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  • 7 January 2022 9:49 pm

    Weaker USD Shields Gold From Surging Yields

    Gold has been swinging either side of the $1790 level in recent trade in wake of the latest jobs report. XAU/USD is being shielded from higher yields by the weaker US dollar, and if this reverses, gold will be in trouble.Gold is nervously holding on to very modest on-the-day gains …

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  • 7 January 2022 8:38 pm

    NFP Data Puts US Shares Under Pressure

    The S&P 500 index is down by about 0.6% as yields rally, hurting the dominant tech sector. The latest US jobs report, though mixed, has been interpreted as endorsing the Fed’s monetary tightening plans for 2022.The S&P 500 is trading on the back foot as its heavyweight tech sector suffers …

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  • 7 January 2022 8:09 pm

    Fed’s Daly: Inflation not temporary because Covid-19 isn’t either

    San Francisco Federal Reserve Bank President Mary Daly said on Friday that inflation is not as temporary as the Fed policymakers once thought because Coivd-19 isn’t either. A wage-price spiral isn’t showing up in the data yet, she added, but is worth watching for. Key Quotes“Anchored longer-run inflation expectations also …

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  • 7 January 2022 7:45 pm

    NFP To Encourage Tightening, Keep USD Strong

    Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.The disappointment in payrolls …

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  • 7 January 2022 5:45 pm

    Canada: Economy Adds 54.7K Jobs in December

    The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time …

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  • 7 January 2022 5:33 pm

    US Non-farm Payrolls rise by 199K in December

    Nonfarm Payrolls (NFP) rose by 199K in December versus the median forecast for a 400K rise (some newswires had reported the median forecast at 447K), data published by the US Bureau of Labor Statistics showed on Friday. That meant the pace of job gains was roughly in line with November, …

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  • 7 January 2022 3:55 pm

    Oil Jumps on Supply Concerns With Kazakhstan Unrest

    Oil prices rose on Friday and headed for the highest weekly increase since mid-December, due to unrest in Kazakhstan and production outages in Libya, which raised concerns about supplies. Brent crude futures rose 76 cents, or 0.9 percent, to $82.75 a barrel by 0939 GMT. US West Texas Intermediate crude …

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  • 7 January 2022 3:39 pm

    What to Expect From US Employment Data?

    Markets are awaiting the release of US employment data during December at 13:30 GMT. This data will be necessary given its strong impact on the dollar and the currency market movements. Markets expect to add 400,000 jobs in December, compared to 210,000 jobs previously recorded. Expectations also indicate a decline …

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