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Market Analysis

March, 2022

  • 21 March 2022 11:30 am

    China keeps key lending rates unchanged

    China kept the key interest rate for lending to businesses and individuals unchanged on Monday, according to what traders and analysts expected. China kept the basic interest rate for one-year loans at 3.70 percent, while the basic interest rate for five-year loans remained at 4.60 percent. Just over half of …

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  • 21 March 2022 8:28 am

    Weekly Recap 14-18 March 2022

    There have been a lot of moving events during the past week, most notably the monetary policy decisions of the Fed and the Bank of England. Those decisions, which reflected a clear shift in the direction of monetary policy, led to a change in the price movement. The US Federal …

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  • 19 March 2022 2:38 am

    Market Drivers – US Session – 18 March

    The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

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  • 19 March 2022 2:18 am

    Natural Gas Prices Retreat, Remain Within Range

    Natural gas futures reversed lower on Friday as analysts mulled updated inventory data and as overnight weather modeling dialed back the extent of lingering late-winter cold. After brushing up against the $5/MMBtu mark Thursday, the April Nymex contract was down 8.1 cents to $4.909/MMBtu earlier trading, and further retreated at …

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  • 19 March 2022 1:30 am

    AUD/JPY Hits Four Year Highs, Now Looking Overbought

    AUD/JPY’s soaring showed no sign of easing on Friday, with the pair surging to four-year highs above 88.00. That marks a fourth successive day of gains during which time AUD/JPY has rallied over 4.0%. AUD/JPY’s stratospheric rise showed no sign of easing on the final trading of the week, with …

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  • 19 March 2022 12:51 am

    Tesla Shares Jump On Musk’s Tweet

    Tesla shares were trading 3.49% higher at $902.05 (Tesla, Inc.’s TSLA +3.88%) late during Friday’s session on the back of a Thursday tweet by CEO Elon Musk seems to be helping the company’s stock. All the tweet said is “working on Master Plan Part 3,” but people who follow the …

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  • 19 March 2022 12:24 am

    CAD Clings To Weekly Gain On Robust Data

    The Canadian dollar touches its strongest since 3 March at 1.2596. The Canadian dollar was little changed against its US counterpart on Friday, with the currency holding near a two-week high as oil prices rose and domestic retail sales data pointed to consumer spending remaining strong at the start of …

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  • 18 March 2022 11:43 pm

    White House: Xi, Biden’s call was direct, substantive and detailed

    According to a US administration official, talks between Chinese President Xi Jinping and US President Joe Biden on Friday, which lasted for nearly two hours, were direct, substantive and detailed. Biden stressed to Xi that China providing material support to Russia would have consequences not just from the US but …

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  • 18 March 2022 10:39 pm

    Baker Hughes: US oil rigs down despite $100 prices

    US energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns.That was the second decline for the oil rig count in three weeks after …

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  • 18 March 2022 10:23 pm

    US Equities Rally For Best One Week Gain Since November

    US equities are higher for a fourth session, with the S&P 500 breaking to its highest levels since Russia invaded Ukraine. The index is trading in the 4430s, up 0.6% on the day and over 5.5% on the week. That would mark the best week of gains since November 2020.US …

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  • 18 March 2022 9:21 pm

    EUR/USD Retreats Amid Euro Profit Taking

    After a strong week, the euro is suffering from some profit-taking and EUR/USD has fallen back to the mid-1.10s. EUR/USD’s failure to press higher beyond the 1.1100 level was likely also due to hawkish Fed commentary.Though not the worst-performing currency in the G10 on the day, the euro currently sits …

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  • 18 March 2022 9:11 pm

    Stocks fluctuate awaiting geopolitical updates, Hawkish Fed Speak

    The end of another long week has Wall Street bracing for another rollercoaster ride as investors digest President Biden’s crucial call with Xi and await to see if any possible pathways emerge for ending the conflict in Ukraine, all while roughly $3.5 trillion of single-stock and index-level options expire.The days …

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  • 18 March 2022 8:56 pm

    US Dollar Rebounds As Fed Officials Comment On Rates

    The US dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.St. Louis Federal Reserve President James Bullard called for a dramatic …

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