Russian President Vladimir Putin said on Tuesday that he is not satisfied with assurances that Ukraine will not become a NATO member in the near future, wants the issue to be settled right now or soon through a negotiating process, reported the Washington Post. Markets have not reacted to 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
February, 2022
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15 February 2022 9:30 pm
Gold Price Index Nose-dives $20 as risk Sentiment Improves
The gold price index plunges $20 during the North American session as Russia-Ukraine crisis eases and investors move from the non-yielding metals towards riskier assets. XAU/USD is trading at $1849.25.As portrayed by European and US equities rise, the market sentiment remains positive, as easter Europe tension abate some after German …
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15 February 2022 8:54 pm
Senator Toomey: Senate shouldn’t proceed with vote on Fed nominee Raskin
Republican Senator Pat Toomey said on Tuesday that the Senate Banking Committee should not proceed with a vote on Fed nominee Sarah Bloom Raskin unless she answers questions on the Reserve Trust.“We’ve asked basic questions and she’s refused to provide answers” he said. Toomey added that if Senate Banking Committee …
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15 February 2022 8:44 pm
US Equities Rebounds As Russia-Ukraine Crisis Eases
US equities are up sharply on Tuesday as investors breathe a sigh of relief amid apparently easing geopolitical tensions.News of Russian troop withdrawals from Ukraine’s border helped distract equities from ugly PPI and NY Fed survey data. The S&P 500 was up about 1.5%, the Nasdaq 100 up nearly 2.0% …
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15 February 2022 7:46 pm
NZD/USD Retreats From Daily Highs Despite Russia Troop Withdrawal
The NZD/USD pair extends to four days of losses in the North American session, courtesy of the financial markets’ risk-off environment since Friday. At the time of writing is trading at 0.6605.Risk appetite is back so far. Updates crossing the wires that some Russian troops are returning to the base …
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15 February 2022 6:14 pm
Market Drivers – European Session 15-2-2022
The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in January, according to the latest report from the US Bureau of Labor Statistics on Tuesday. MoM, PPI came in at 1.0% in January, well above expectations for a 0.5% MoM gain. Core PPI metrics were …
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15 February 2022 5:01 pm
US Annual PPI Remains at to 9.7% in January
The headline US Producer Price Index (PPI) rose at an annual pace of 9.7% in January, according to the latest report from the US Bureau of Labor Statistics on Tuesday. That was well above the median economist forecast for 9.1% and was unchanged December’s 9.7% reading. MoM, PPI came in …
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15 February 2022 4:09 pm
German ZEW Economic Sentiment Index Improves to 54.3 in February
The German ZEW headline numbers for November showed that the Economic Sentiment Index unexpectedly improved to 3 The German ZEW headline numbers for February showed that the Economic Sentiment Index jumped again, registering 54.3 from 51.7 previous while missing estimates of 55.0. Meanwhile, the Current Conditions sub-index slowed its pace …
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15 February 2022 3:06 pm
Euro Rises After Russian Forces Begun to Return to Their Bases
The euro recovered on Tuesday, recouping almost all of its losses on Monday, buoyed by reports that some Russian forces in areas near Ukraine have begun to return to their bases. The single European currency rose 0.4 percent to $1.1346, with European shares recovering with the support of those reports. …
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15 February 2022 2:53 pm
European Shares Rise Supported by Buying Health Care And Commodities Shares
European shares rose on Tuesday after concerns about the crisis between Ukraine and Russia prompted investors to buy shares in sectors such as health care and consumer goods. The pan-European Stoxx 600 index rose 0.6 percent by 0814 GMT, after closing in the last session at its lowest level in …
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15 February 2022 2:10 pm
Oil Falls From Its Highest Level in 7 Years After Reports of The Russian Forces to Their Bases
Oil prices fell on Tuesday from a seven-year high to around $94 a barrel, after a report that some troops in Russian military areas adjacent to Ukraine had returned to their bases, in a move that would ease tensions between Moscow and the West. While large-scale exercises continue across the …
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15 February 2022 1:29 pm
Russia’s Military: A Number of Drills Have Finished; Troops Are Expected to Return to Bases
“A number of drills have finished, troops are expected to return to bases,” Interfax reports, citing Russia’s military. “It continues set of drills involving almost all districts and navies.” “Some units of western and southern military districts have started returning to bases.”
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15 February 2022 12:11 pm
The Nikkei Closed Lower Under Pressure
The Nikkei average ended Tuesday’s trading at its lowest level this month, weighed by expectations of a US interest rate hike, as investors factored in the repercussions of a possible Russian invasion of Ukraine. The Nikkei fell 0.79 percent to close at 26,865.19 points, its lowest closing level since January …
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