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Market Analysis

May, 2022

  • 13 May 2022 3:22 am

    Oil Exhibits Mixed Performance Amid Tight Supplies

    On Thursday, crude oil prices exhibited mixed performance as supply fears as well as geopolitical tensions in Europe got the upper hand over the economic data related fears across financial markets as inflation is soaring globally.Trading has been thin and nobody knows what’s going to move the needle,” said John …

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  • 13 May 2022 2:28 am

    Fed’s Powell vows to fix inflation

    The Federal Reserve Chair Jerome Powell said on Thursday that the US central bank’s battle to tame inflationary pressures would “include some pain” as the impact of higher interest rates is being felt, but that the worse outcome would be for prices to continue speeding ahead.”“We went through periods in …

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  • 13 May 2022 1:51 am

    Natural Gas Soars In Europe After Russian Measures

    Russian sanctions on Poland’s key pipeline are expected to limit Europe’s ability to import Russian natural gas if Ukrainian pipes go down. The Russian measures are also expected to put additional pressure on US natural gas producers as Russia is intended to cut Off Supplies to Europe.As Europe races to …

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  • 13 May 2022 12:28 am

    Fed’s Daly: 50 bps vs.75 bps debate not a primary consideration

    President of San Francisco Fed, Mary C. Daly stated that there is no reason to justify altering the course for 50 bps at the next two FOMC meetings, adding that the debate between 50 bps-75 bps is not a primary consideration. Daly reiterated that she still wants to reach a …

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  • 12 May 2022 11:39 pm

    Bank of Mexico hikes interest rate by 50bps to 7%

    The Bank of Mexico sets the benchmark interest rate at 7%, although Reuters reports that the board was not unanimous on rate decision with one member of the board voting to hike rates to 7.25%.Preliminary information suggests that economic activity rebounded during the first quarter of 2022. Given the growing …

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  • 12 May 2022 10:45 pm

    Gold Retreats On Stronger USD

    Gold price is losing 1.60% on Thursday, falling from a high of $1,858.87 to a fresh cycle low of $1,822.27. The US dollar is bid and climbed to fresh two-decade highs on Thursday as investors flock to the safe-haven currency in the face of surging inflation.Wednesday’s data bolstered market’s expectations …

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  • 12 May 2022 9:08 pm

    Yellen concerned about Treasury market functioning

    US Treasury Secretary Janet Yellen mentioned on Thursday that the Financial Stability Oversight Council (FSOC) is concerned about the functioning of the Treasury market. While Yellen testifies, stocks erased gains printing fresh YTD lows and the dollar strengthened. The DXY is at multi-year highs above 104.70. The 10-year US yield …

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  • 12 May 2022 8:16 pm

    Wells Fargo: US Dollar Can Strengthen Further Against G10 Currencies

    Wells Fargo’s analysts believe that the US dollar can strengthen against G10 and emerging market currencies. They consider the aggressive monetary policy tightening from the Fed, safe haven capital flows as well as markets that are mis-priced for interest rate hikes abroad should all result in a stronger greenback going …

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  • 12 May 2022 7:29 pm

    USD/CAD Stabilizes Amid Global Risk Appetite

    The USD/CAD pair has stabilized just below multi-month highs in the low 1.3000s on Thursday, as a downturn in global macro risk appetite coupled with the strong performance of the safe-haven US dollar offered the pair support.Both US CPI and PPI data over the past two days showed an (as …

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  • 12 May 2022 4:40 pm

    US: Weekly Initial Jobless Claims rise slightly to 203K vs. 195K expected

    There were 203,000 Initial Jobless Claims in the week ending on 7 May, a little above the expected drop to 195,000 from 202,000 one week ago, data released by the US Department of Labour on Thursday showed. 

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  • 12 May 2022 2:05 pm

    European shares fall after Wall Street declines on interest rate hike fears

    European Stocks

    European shares fell on Thursday, pulled down by steep losses on Wall Street overnight, after US inflation data fueled concerns about the impact of higher interest rates on economic growth. The pan-European Stoxx 600 index fell 1.7 percent, losing many of the gains it made in the middle of the …

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  • 12 May 2022 12:46 pm

    Japanese stocks close at their lowest level in nearly two months

    Japan’s Nikkei fell to its lowest level in nearly two months on Thursday, after major technology stocks followed in the footsteps of their US counterparts, which fell sharply overnight. The Nikkei fell 1.77 percent to close at 25,748.72 points, its lowest since March 15. The broader Topix index fell 1.19 …

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  • 12 May 2022 11:50 am

    European markets decline as inflation rises in The US

    European Stocks

    European shares fell sharply Thursday, May 12th, as global markets digested the latest inflation reading from the United States, and this reading raised fears that there is a tendency for prices to rise significantly in the future. The pan-European Stoxx 600 Index is down 2.2% in early trading, with all …

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