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Market Analysis

January, 2022

  • 5 January 2022 11:54 pm

    Hawkish FOMC Minutes Sharply Drag Gold Lower

    `Gold falls on hawkish FOMC minutes which sent both the US dollar and yields higher. FOMC minutes point to a faster increase of the federal funds rate.Gold has fallen sharply on the back of the Federal Open Market Committee minutes that stated, ”in light of elevated inflation pressures & strengthening …

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  • 5 January 2022 11:11 pm

    FOMC Minutes: Conditions For Rate Hike Could Be Met Soon

    FOMC minutes

    The minutes of the 14-15 December FOMC meeting, released on Wednesday, said most participants judged conditions for rate hike could be met soon. According to FOMC Minutes, recent high levels of inflation will raise the public’s longer-term inflation expectations to levels higher than those consistent with the committee’s longer-run inflation …

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  • 5 January 2022 9:33 pm

    Biden Could Announce Fed Nominees This Week

    US President Joe Biden could announce remaining Federal Reserve Board of Governor Nominees as soon as this week.Michigan State University economist Lisa Cook, former Fed research economist Philip Jefferson, and former Fed Governor Sarah Bloom Raskin are the leading candidates as the Biden administration seeks to diversify the Board of …

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  • 5 January 2022 8:53 pm

    WTI Advances Back To Pre-Omicron Levels

    The WTI crude oil has advanced into the $78.00s, up $4.0 from earlier weekly lows and back to pre-Omicron levels. Oil prices have shrugged off a bearish weekly US oil inventory report as post-OPEC+ meeting optimism continues on the immediate next trading session.Oil markets have shrugged off bearish weekly US …

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  • 5 January 2022 8:21 pm

    US Crude Stocks Fall, Gasoline Surges

    US crude oil inventories fell by 2.144 million barrels in the week ending December 31st, a sixth consecutive period of declines and compared with market forecasts of a 3.283 million drop, data from the EIA Petroleum Status Report showed on Wednesday. Meanwhile, gasoline inventories surged by 10.128 million barrels, the …

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  • 5 January 2022 7:56 pm

    S&P 500 Passively Performing Ahead of Fed Minutes

    The S&P 500 is a little lower but trading within recent ranges under 4800 ahead of the Fed minutes release. Growth continues to underperform value, meaning the Nasdaq 100 is performing poorly while the Dow is holding up better.US shares are mixed in the run-up to the release of the …

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  • 5 January 2022 7:36 pm

    USD/CAD Trading Flat Ahead Release of Hawkish FOMC Minutes

    The USD/CAD pair has traded indecisively on Wednesday and is one of the worst G10 performers despite higher oil prices.A hot US ADP report and mixed Canadian housing data was ignored, with markets focused on the Fed’s December meeting minutes.USD/CAD has traded hesitantly within a relatively thin 1.2700-1.2750 range, roughly …

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  • 5 January 2022 5:32 pm

    FOMC Minutes Preview

    FOMC minutes

    The US Federal Reserve will release the minutes of its December policy meeting on Wednesday, January 5, at 1900 GMT and investors will look for clues into the rate future. Investors will finally get to know the likely timing of the Fed’s first rate hike with the release of last …

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  • 5 January 2022 5:03 pm

    China’s Evergrande Sales Drop 39% in 2021

    The total sales of Evergrande, the Chinese real estate developer, declined in 2021 by 39% to 443 billion yuan, or 69 billion dollars, from 723 billion yuan in 2020. It is reported that the company’s shares were suspended from trading on the Hong Kong Stock Exchange on January 3, as …

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  • 5 January 2022 4:07 pm

    China Cuts Fuel Export Quota to 13 Million Tons

    China cut the quota of its fuel exports by more than half, in the first announcement of quotas in 2022, as part of the Asian country’s strategy to reduce its foreign sales. China has allocated 13 million tons of the fuel for export, according to a source familiar with the …

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  • 5 January 2022 1:53 pm

    European Shares Stabilize After a Record High

    European Stocks

    European shares lost steam on Wednesday after kicking off the new year with record highs as rising US bond yields and regulatory concerns in China worried investors. The pan-European STOXX 600 index rose 0.03 percent by 0816 GMT, with shares in the auto, chemical, and oil and gas sectors gaining …

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  • 5 January 2022 1:08 pm

    Oil Settled as Traders Assess The Effects of Omicron

    Oil prices stabilized on Wednesday as investors weighed the impact of a massive spike in omicron cases from the coronavirus, but the upside remained limited after rising US fuel stocks. Brent crude, the global benchmark, was down four cents at $80.04 a barrel. US West Texas Intermediate crude futures rose …

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  • 5 January 2022 12:35 pm

    Japan’s Nikkei Closes Higher, With Shares of Sony and Toyota Rising

    Japan’s Nikkei index closed slightly higher on Wednesday, as gains in blue-chip stocks such as Sony Group and Toyota Motor outweighed declines in technology heavyweights on fears of a faster-than-expected US interest rate hike. On Wednesday, the Nikkei index closed up 0.1 percent to 2,9332.16 points after falling more than …

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