Market Analysis

March, 2022

  • 18 March 2022 10:22 am

    China raises fuel prices to their highest level in more than a decade

    Retail gasoline prices in China have risen to levels not seen since at least 2006, while diesel prices have risen to their highest level in ten years after the rise in global oil prices in the wake of the Russian invasion of Ukraine. The National Development and Reform Commission said …

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  • 18 March 2022 3:27 am

    Market Drivers – US Session – 17 March

    The US Dollar remained under selling pressure throughout the day, accelerating its slump ahead of the London fix. The USD was affected by persistent weakness in government bond yields following the hawkish Federal Reserve’s announcement on Wednesday.Economic DataWTI crude has climbed near USD 102.00 as IEA renewed fears of supply …

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  • 18 March 2022 2:48 am

    S&P cuts Russia’s Ratings To ‘CC’ On Debt Default Risk

    Global rating agency S&P cut Russia rating to ‘CC’ from CCC- while citing difficulties meeting debt payments due on its dollar-denominated 2023 and 2043 Eurobonds on Thursday.“Russia’s payment difficulties stem from international sanctions that reduced its available foreign exchange reserves and restricted its access to the global financial system, markets …

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  • 18 March 2022 2:41 am

    WTI Beats USD 100.00 As IEA Restirs Supply Shortage Concerns

    WTI crude has climbed near USD 102.00 as IEA renewed fears of supply shortage. The expectation of supply shortage from Russia has already been discounted by investors. The OPEC’s positive response to the urge of US President Joe Biden will fix the demand-supply gap.West Texas Intermediate (WTI), futures on NYMEX, …

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  • 18 March 2022 2:06 am

    USD/CHF Bounces Amid Fears Concerning Russia-Ukraine Talks

    The USD/CHF pair has witnessed a pullback near 0.9340 after a decisive selling pressure from 0.9460 amid renewed fears of ceasefire delay between Russia and Ukraine. The Kremlin reportedly said that news pointing to progress in Ukraine-Russia peace talks was “wrong,” as per Reuters.Earlier, Ukraine officials reported that the negotiators …

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  • 18 March 2022 12:16 am

    EUR/USD Still Holds To Post-Interest Hike Gains

    EUR/USD has been waning from earlier session highs in recent trade and is now back below the 1.1100 level. Since Wednesday’s Fed hawkish policy announcement, EUR/USD has gained about 1.0%, flummoxing some analysts.Markets seem to currently be being driven by “hopes” for a Russo-Ukraine peace deal, meaning geopolitics remains a …

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  • 17 March 2022 11:45 pm

    USD Extends Losses To Test Two-Week Low

    The DXY Index has accelerated its reversal from the 99.30 area to test two-week lows at 97.80. The USD drops across the board after Fed’s monetary policy decision. Upbeat employment and construction data have failed to cheer USD buyers.The US dollar is losing ground across the board on Thursday. The …

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  • 17 March 2022 11:06 pm

    FOMC Summary: A Potential Collision On The Horizon

    Coincident measures of real growth continue to slowly march lower on a trending basis. Leading indicators of real growth show no signs of an imminent inflection higher in growth. Jerome Powell was extremely hawkish after raising interest rates 0.25%.The yield curve flattened massively in response to slowing growth and an …

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  • 17 March 2022 10:06 pm

    GBP/USD Recovers Despite BoE’s Dovishness

    The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …

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  • 17 March 2022 9:50 pm

    Game Changing In 2022, Could BTC price Be ‘In Millions’?

    Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions.Well known for his belief in Bitcoin …

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  • 17 March 2022 9:22 pm

    EUR/JPY Eyeing Annual Highs As Eurozone bond yields hit Fresh Highs

    The EUR/JPY pair is pushing higher for a fifth successive session and is eyeing a test of 132.00. The pair’s more than 3.0% rally in the last five days comes as Eurozone bond yields push to multi-year highs. As long as geopolitical developments don’t deter the ECB from tightening in …

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  • 17 March 2022 8:58 pm

    US Shares Grind Higher Despite Mixed News On Peace Talks

    US equities have traded in mixed fashion thus far on Thursday, having been buffeted by mixed Russo-Ukraine negotiations headlines. The S&P 500 is a tad higher on the day in the 4360s and eyeing a test of 4400.With the Fed meeting and US data out of the way, investor focus …

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  • 17 March 2022 8:14 pm

    Gold Touches $1,950.00 As Investors Digest Fed, Geopolitical Developments

    Gold Price snapped a three-day downtrend to bounce off a 13-day low. Mixed news from the Russia-Ukraine front weighed on the market’s mood. The Gold Index XAU/USD is technically bullish, faces strong resistance around $1,960.The Gold Index advances slowly but steadily as investors continue to dump the greenback. The bright …

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