The USD/JPY pair has rebounded from the 1.1500 level during the US trading session on Monday, having failed on multiple occasions since last Friday to break below the key level. The pair is now trading close to highs of the day in the 115.60s, up about 0.2% and is eyeing …
Read More »Market Drivers and Update; US Session: PMIs in Focus
The US dollar weakened significantly, reaching a two-month low despite no changes in US tariffs or p…
Fort Knox’s US Gold Reserve to be Audited, Administration Says
The US Administration announced plans to audit the nation’s gold reserves stored at Fort Knox …
Fed Official Flags Upside Inflation Risks, Warns of Stagflation Threat
St. Louis Fed President Alberto Musalem expressed concerns Thursday about the potential for persiste…
Explainer: What the loss of Fed’s independence could mean
Trump as well as other Wall Street forces attempt to limit the Fed’s independence. Though it r…
Dollar Wobbles After Jobless Claims Disappoint, China Deal Hints Emerge
The US dollar stumbled on Thursday, giving up Wednesday’s gains and falling below 107.00 on th…
Oil Prices Steady After Recent Gains, U.S. Crude Stockpiles Weigh on Market
Oil prices were little changed on Thursday, as a rise in U.S. crude inventories pressured the market…
European Markets Mixed as Investors Digest Corporate Earnings
European stock markets traded in a mixed fashion on Thursday, as investors closely monitored corpora…
Bitcoin Holds Steady Amid Market Uncertainty, Awaiting Directional Catalyst
Bitcoin traded in a tight range on Thursday, as investors remained cautious amid ongoing U.S. tariff…
Gold Prices Surge to Record High Amid Safe-Haven Demand, but Dollar Strength Caps Gains
Gold prices climbed in Asian trading on Thursday, briefly reaching a record high as escalating trade…
Wall Street Rebounds, Gold Dips After FOMC Minutes
Wall Street’s stock market indices saw modest gains after the Federal Reserve released the res…
Market Analysis
February, 2022
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14 February 2022 9:31 pm
US Retail Sales Likely Bounced in January – Wells Fargo
On Wednesday, the January retail sales report will be released is due in the US. According to analysts at Wells Fargo, sales likely rebounded rising 2.1%, a number above the 1.6% increase of market consensus. Key Quotes: “Retail sales declined sharply to end 2021. During December, total sales fell 1.9%, …
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14 February 2022 8:43 pm
WTI Crude Stabilizes As traders Watch Russian-Ukrainian Crisis
Crude oil markets stabilized on Monday after printing fresh highs earlier in the day, supported by the ongoing tense geopolitical backdrop in Eastern Europe and continued tight global oil market conditions. Front-month WTI futures, which have swung between multi-year highs near $95.00 and session lows just above $92.00, currently trade …
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14 February 2022 8:15 pm
GBP/USD Retreats Amid Risk-Off Market Mood
The GBP/USD snaps two days of gains and begins the week on the wrong foot amid increasing geopolitical tensions in eastern Europe. At the time of writing, the GBP/USD is trading at 1.3528.The market sentiment is downbeat, depicted by European bourses falling, while US futures point to a lower open. …
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14 February 2022 7:34 pm
US Shares Supported But Remain Defensive Due To Geopolitical Tensions
US equity markets opened this week’s trade mixed, with the S&P 500 down 0.3%, the Nasdaq 100 up 0.3% and the Dow down 0.4%. The S&P 500 CBOE volatility index remained elevated near the 30.0 level, up about 2.0 points on the day, with equity index futures trade prior to …
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14 February 2022 6:23 pm
Market Drivers – European Session 14-2-2022
Major banks and financial institutions have issued an early warning of negative repercussions for the global stock market in the coming days if war breaks out between Russia and Ukraine. A short while ago, Russian Foreign Minister Sergei Lavrov told President Vladimir Putin that there are chances of reaching an …
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14 February 2022 5:22 pm
Dollar at Two-Week High on Ukraine Tensions
The dollar rose to a two-week high on Monday as investors sought safe-haven assets amid fears that Russia was preparing to invade Ukraine. The United States said Russia could make the move at any time and could suddenly create a pretext for an attack, and on Sunday reiterated its pledge …
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14 February 2022 4:33 pm
Gold Falls From 3-Month Peak
Gold prices fell on Monday, with the rise of the US dollar, but fears of conflict between Russia and Ukraine limited losses for the metal, which is considered a safe haven and kept palladium investors in a state of anxiety. The price of gold in spot transactions fell 0.2 percent …
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14 February 2022 3:25 pm
Oil Near 7-Year Peak Due to Tension Between Ukraine and Russia
Oil prices stabilized on Monday, February 14, in volatile trading, after hitting their highest levels in more than seven years, on fears that a possible Russian invasion of Ukraine would lead to US and European sanctions that would disrupt exports from one of the world’s largest producers. Brent crude was …
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14 February 2022 2:07 pm
European Shares Sink on Fears of Russian Attack on Ukraine
European shares hit 20-day lows, with travel, banking, and auto stocks leading declines on Monday as investors feared political risks following warnings that Russia could invade Ukraine at any time. The pan-European Stoxx 600 index was down 2 percent by 0808 GMT, its lowest since Jan. 25. All sub-indices of …
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14 February 2022 1:27 pm
Oil Prices Jump More Than 1% to Record The Highest Level in Seven Years
Oil prices on Monday hit their highest level in more than seven years amid fears that a possible Russian invasion of Ukraine could trigger sanctions from the United States and Europe and disrupt energy exports from the world’s largest producer. Brent crude futures were at $56.95 a barrel by 0235 …
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14 February 2022 12:30 pm
Nikki Drops to its Lowest Level in 3 Weeks
Japan’s Nikkei index fell on Monday to its lowest level in three weeks, pushed down by technology shares on investor concerns about growing tensions surrounding Ukraine and rising inflation risks in the United States. The Nikkei index lost 2.23 percent to close at 27,079.59 points, the most significant daily percentage …
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13 February 2022 11:39 am
Weekly Recap 7-11 February
Tensions between Ukraine and Russia escalated all along the five trading days. This was sending markets into a flux with the usual risk assets and currencies responding in a mixed manner. There was news that a Russian attack on Ukraine could begin any day and would likely start with air …
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