The German Factory Orders declined more than expected in February, suggesting that the recovery in the manufacturing sector of Europe’s economic powerhouse is in the doldrums. Contracts for goods ‘Made in Germany’ dropped by 2.2% on the month vs. -0.2% expected and 1.8% last, the latest data published by the …
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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6 April 2022 12:30 pm
Nikkei index records biggest decline in 4 weeks
Japan’s Nikkei index posted its biggest decline in nearly four weeks on Wednesday, tracking Wall Street as hawkish comments from US Federal Reserve officials raised the prospect of a further interest rate hike and fueled fears of slowing economic growth. The Nikkei lost 1.58 percent to close at 27,350.30 points, …
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6 April 2022 3:07 am
Market Drivers – US Session – 5 April
The US dollar is the most prominent winner on Tuesday, firmly up against all of major rival currencies. Diminishing chances of a diplomatic solution to the Russia-Ukraine conflict and central banks’ aggressiveness were behind the market’s movements during the US trading session.Economic DataUS Institute for Supply Management (ISM) has unfolded …
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6 April 2022 2:51 am
USD Surges On Hawkish Fed Officials’ Comments
The US dollar index has finally turned imbalance after consolidating in a range of 97.68-99.42 over one month. The strength of the dollar as a robust asset amid an aggressive hawkish stance from Fed policymakers has supported the Index to establish above 99.00 and has also exposed it to touch …
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6 April 2022 1:01 am
Red, Green Arrows Across Financial Markets Await Signals By FOMC Minutes
Investors, traders and market participants are eying minutes of the Federal Reserve’s March meeting to find direction as well as to gauge US central bank policymakers’ appetite for a half percentage point increase in interest rates in May. The stock market remains within a specific range for now, which should …
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5 April 2022 11:38 pm
Washington Pushes Moscow To Default By Impeding Debt Payments
Amid a looming new sanctions package, the US Treasury Department’s new move would prohibit Russia from using funds held in American banks to pay debt obligations. The Treasury Department on Monday prohibited Russia from withdrawing funds held in American banks to pay its debt obligations, a major escalation aimed at …
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5 April 2022 10:49 pm
Aggressive Fed Drags US Shares, Tech Shares Lower
Wall Street’s main indexes fell on Tuesday, dragged by weakness in tech and other growth stocks, after comments from Federal Reserve Governor Lael Brainard spooked investors about potential aggressive actions by the central bank to control inflation.The S&P 500 posted 42 new 52-week highs and 6 new lows; the Nasdaq …
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5 April 2022 9:39 pm
Fed’s Daly: Can start balance sheet reduction as early as May meeting
San Francisco Fed President Mary Daly explained that the labour market is extremely tight while the Fed is on a path to raising interest rates. She added inflation is as harmful as not having a job while many of the imbalances we see are covid-related. Key Quotes:”I don’t expect a …
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5 April 2022 9:25 pm
Hawkish Fed Drags Gold Lower
Gold has pulled back from earlier highs and is back in the $1920s territory as the US dollar/US yields rally. Fed Vice Chair Brainard was hawkish on balance sheet reduction, sparking the reversal lower.Markets focus now on Wednesday’s FOMC minutes release as gold bears eye a test of recent sub-$1900 …
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5 April 2022 7:03 pm
Ukrainian official: No compromises, Zelenskyy/Putin talks will be difficult
Deputy chief of staff and adviser to Ukrainian president Ihor Zhovkva said on Tuesday that there will be no compromise from Ukraine on ceding territory to Russia, reported Bloomberg. Zhovkva continued that any meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy will be “difficult”, before noting that …
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5 April 2022 6:29 pm
US: ISM Services PMI Surges to 58.3 in March versus 58.4 expected
The headline ISM Services PMI figure rose to 58.3 in March from 56.5 the month before, a tad lower than the expected rise to 58.4, according to the latest release from the Institute of Supply Management. Subindices: Business Activity rose slightly to 55.5 from 55.1 in February. Prices Paid rose …
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5 April 2022 6:22 pm
Brainard: Fed Prepared to take stronger action if inflation expectations require it
Fed Vice Chairwoman Lael Brainard said on Tuesday that the Fed is prepared to take stronger action if the inflation outlook and inflation expectations indicators suggest the need for such action. Brainard expects methodical interest rate increases and rapid reductions to the Fed’s balance sheet to bring U.S. monetary policy …
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5 April 2022 5:39 pm
GBP/USD to slump towards 1.30 on repricing of BoE hikes
The GBP is recording a slight gain on the day, bouncing off the low-1.31s. Bank of England (BoE) rates pricing are still too optimistic, which should drag cable down to the 1.30 level.Broader trends since last summer suggest weakness ahead. Markets could do with a decent amount of repricing of …
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