Traders may have been enticed to jump the gun following Monday’s remarkable rally, which played right into smart money’s game plan as they are still in control of the downtrend. Bitcoin, Ethereum and XRP price could experience severe liquidity hunts if market conditions persist.Some investors still believe that investing in …
Read More »DXY surges following upbeat NFP data
The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data…
Bitcoin Stumbles as Job Growth Dampens Rate Cut Hopes
Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data dimini…
US stocks decline post robust NFP data
The Dow Jones Industrial Average plummeted over 700 points on Friday, following the release of unexp…
Fed’s Goolsbee: Rates could come down if things stay steady and inflation doesn’t spike
Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that …
Upbeat NFP Data Evidences Resilient Labour Market
The recent US nonfarm payrolls report delivered a resounding message: the American labour market rem…
Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled …
China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspens…
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
Market Analysis
April, 2022
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23 April 2022 3:05 am
US shares experience worst day since March on risk aversion
US equities finished the week with substantial losses, reflecting a gloomy market mood amid concerns that the Fed would hike rates aggressively and high US Treasury yields. The S&P 500, the Dow Jones Industrial, and the tech-heavy Nasdaq Composite nose-dived recording losses between 2.6% and 2.8%, each sitting at 4,271.78, …
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23 April 2022 1:44 am
Market Drivers – US Session – Friday 22 April
Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …
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23 April 2022 1:31 am
US Rig Count Higher As Oil Rally Halts
The number of total active drilling rigs in the United States rose by 2 this week, after an increase of 4 rigs in the week prior, according to new data from Baker Hughes published on Friday.The total rig count increased to 695 this week—257 rigs higher than the rig count …
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23 April 2022 12:35 am
USD/CAD Toward biggest One-Day Gain Since Nov.
The USD/CAD pair rallied roughly 140 pips on Friday to hit its highest level in over one month above the 1.2700 mark. That marks the largest one-day percentage gain since November. The pair rallied as a function of risk-off flows, with recent BoC hawkishness and strong data failing to support …
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23 April 2022 12:28 am
Oil slips, posts nearly 5% weekly loss on growth concerns
Oil slipped on Friday, posting a weekly loss of nearly 5%, on the prospect of weaker global growth, higher interest rates and COVID-19 lockdowns in China hurting demand even as the European Union considers a ban on Russian oil that would tighten supply.Brent crude settled down $1.68, or 1.6%, at …
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23 April 2022 12:19 am
Fed’s Assets Retreat To Level Of 5 Weeks Ago
Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …
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23 April 2022 12:10 am
Mester: Fed moves to tighter financial conditions
Cleveland Fed President and FOMC member Lorreta Mester, speaking in an interview on CNBC, said on Friday that the Fed wants to see tighter financial conditions, though not all at once. “We are in a recalibration phase for monetary policy,” she said, adding that the Fed’s goal is to bring …
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22 April 2022 11:53 pm
What Wall Street Expects From French Elections
French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent President Emmanuel Macron and rival Marine Le Pen.Centrist Macron was seen taking the lead against his far-right opponent in the final day of campaigning, taking a 57.5% …
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22 April 2022 10:55 pm
Why does Yellen Ponder lower US tariffs on Chinese goods?
US Treasury Secretary Janet Yellen said on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some “desirable effects” of lowering tariffs. Speaking in a CNBC interview earlier in the day, Yellen stated on Friday …
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22 April 2022 10:28 pm
Canada Sees Positive signs for consumer spending in February, March
Data released in Canada on Friday showed a better-than-expected reading on February retail sales. Analysts point out that retail sales volumes held their own in February and March, despite the headwinds to goods spending of mounting inflationary pressure and reopening service industries. The 0.1% gain in February was a little …
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22 April 2022 6:43 pm
Slowdown warnings flash for UK economy as inflation surges
The UK economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a …
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22 April 2022 6:33 pm
WTI trades around $100 as traders trapped by slowdowns, supply concerns
WTI trades a few dollars lower on Friday but is within recent intra-day ranges in the low $100s. Amid a lack of fresh developments, oil traders are mulling various oil market-relevant themes.Crude oil prices continue to trade in uneventful fashion, with front-month WTI futures stuck within their intra-day ranges of …
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