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Market Analysis

March, 2022

  • 31 March 2022 11:04 am

    Gold is on track to post its biggest quarterly gain since September 2020

    Gold fell in limited trading on Thursday, but the safe-haven metal is set for its biggest quarterly gain since September 2020, as the Russian-Ukrainian conflict made it more attractive. And gold fell in spot transactions 0.6 percent to $ 1921.55 an ounce by 0507 GMT. US gold futures fell 0.7 …

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  • 31 March 2022 10:30 am

    Biden administration mulls largest-ever withdrawal from an oil reserve

    The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four US sources said on Wednesday, as the White House tries to lower fuel prices. The announcement may come on Thursday, as the White House says Biden plans to …

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  • 31 March 2022 3:53 am

    Market Drivers – US Session – 30 March

    Financial markets on Wednesday remained focused on the the continued weakening of the US dollar, where the DXY dropped a further 0.6% to the 97.80s, where it now probes mid-March lows more than 1.5% below earlier weekly highs. Economic DataPrivate sector employment in the US rose by 455,000 in March, …

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  • 31 March 2022 3:34 am

    USD/JPY Steadies Ahead of the BOJ’s Bond-Buying Wrap-Up, Subdued US GDP

    The USD/JPY pair is hesitating in a narrow range of 121.32-122.24 as a broad-based buying in the Japanese yen is likely to over after the conclusion of the unlimited bond-buying program by the Bank of Japan. The four-day bond-buying program of the BOJ will conclude on Thursday. To curtail the …

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  • 31 March 2022 3:02 am

    WTI gradually advances around $106.00 ahead of OPEC meeting

    WTI crude has advanced towards $106.40 but is likely to remain lackluster as investors are keeping eye on the outcome of the OPEC meeting, which is due on Thursday. The agenda of the OPEC meeting is likely to revolve around the elevation of the oil supply to contain the prohibited …

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  • 31 March 2022 2:52 am

    GBP/USD Under Selling Pressure

    The British pound recovered some ground vs. the greenback as the market mood turned sour, courtesy of reports of the Kremlin saying that although Ukraine’s effort to fulfill some of Russia’s demands, peace talks have not reached a breakthrough. At the time of writing, the GBP/USD is trading at 1.3137.US …

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  • 31 March 2022 2:45 am

    Ukrainian Negotiator: Russia, Ukraine To Resume Peace Talks Online On 1 April

    Ukrainian Negotiator: Russia and Ukraine will resume peace talks online on 1 April. During the latest talks, Ukraine said the countries’ two leaders should meet, but Russia said more work needed to be done on a draft treaty. This follows a series of disappointing headlines around the peace talks with …

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  • 31 March 2022 2:32 am

    Ahead of NFP Data, Bond Market Signaling Recession Warning

    Everybody in the US and beyond is talking about the yield curve inversion. At one point yesterday the yield on the 2-year Treasury briefly traded above that of the 10-year. Historically, such an inversion has been an accurate predictor of a recession, typically within two years.Though these inversions in the …

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  • 31 March 2022 12:59 am

    USD/CAD slumps On Ukraine’s conflict, Higher Oil Prices

    The USD/CAD pair extends its fall for the second straight day; after Monday’s price action printed a weekly high near the 1.2600 mark, the Canadian dollar strengthened on the back of high oil prices, amid a downbeat market mood, courtesy of recent developments in the Eastern Europe front. the USD/CAD …

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  • 30 March 2022 11:44 pm

    S&P 500 Touches Monthly Gains Despite Profit Taking

    US equities are modestly lower across the board on Wednesday, as investors take profit following the recent impressive run higher. Waning Russo-Ukraine optimism, robust US data that solidified Fed tightening expectations and yield curve inversions were all cited as worries.The S&P 500 currently trades just above 4600 and on course …

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  • 30 March 2022 9:40 pm

    Fed’s George: Must move ‘expeditiously’ away from easy policy stance

    The $9 trillion balance sheet will need to decline significantly, Kansas City Fed president saysKansas City Fed President Esther George Daniel Brenner/BloombergThe Federal Reserve must more swiftly away from its current monetary policy stance that is as easy as it has ever been at a time when inflation is well …

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  • 30 March 2022 8:21 pm

    Wells Fargo: US Economic Growth Was Strong At The End Of 2021

    Data released on Wednesday, showed real GDP grew during the fourth quarter an annualized rate of 6.9%, below the 7% of previous estimates. According to analysts at Wells Fargo, the sequential rate of real GDP growth likely has downshifted in the first quarter of 2022, but it appears to have …

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  • 30 March 2022 7:32 pm

    Putin, Scholz Agree To Talks On Gas Purchases In Rubles

    Russian President Vladimir Putin and German Chancellor Olaf Scholz held talks on Wednesday, reported Russian state media, and agreed to hold talks between experts on the potential for ruble payments for Russian gas payments.The call comes ahead of a 31 March deadline set by Putin for Gazprom and the Russian …

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