The US Federal Reserve should implement a full percentage point of rate increases over its next three meetings between now and the first of July 2022, St. Louis Fed president James Bullard said on Thursday, reiterating his calls for strong action from the Fed against stubbornly high inflation.“We are missing …
Read More »Wall Street Wins the Week Despite Trade Winds and Economic Concerns
A resilient Wall Street concluded a positive week, with gains fueled by the market’s heavyweig…
Gold Retreats Below $3,300 on Dimmed Trade Hopes, Firmer Dollar
Gold prices took a sharp dive below the $3,300 threshold, shedding over 1.60% to trade at $3,294, as…
Bitcoin Consolidates Near $94,000 Amidst Strong Institutional Demand and Shifting Market Sentiment
Bitcoin’s price is currently consolidating around the $94,000 mark, with a 0.85% gain on Frida…
Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes
The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% to hover near 99.…
Trump Signals Moderate Stance on Tariffs Amid Market Volatility
In a recent address, US President Donald Trump offered a conciliatory tone regarding the nation̵…
Pound Stumbles Despite Retail Surge as US Sentiment Retreats, Trade Talks Falter
The Pound Sterling struggled to find its footing against a resilient US Dollar, dipping 0.20% to tra…
US Consumer Confidence Crashes as Trade War Sparks Economic Fears
Consumer sentiment in the US took a nosedive in April, marking the steepest decline since the 1990 r…
U.K. Retail Sales Defy Expectations with March Rise, Despite Trump Tariff Fallout
U.K. retail sales unexpectedly rose in March, surprising economists and offering a rare bright spot …
Bitcoin Set for Weekly Gains Despite Cautious Trade on Mixed U.S.-China Signals
Bitcoin edged higher on Friday, adding to strong weekly gains after earlier optimism that U.S. Presi…
Gold Slips as Risk Appetite Improves, but Trade War Uncertainty Keeps Prices Elevated
Gold prices edged lower in Asian trading on Friday, retreating from this week’s record highs as risk…
Market Analysis
February, 2022
-
17 February 2022 8:37 pm
ECB’s Lane: Eurozone Turned Page On Low Inflation
The ultra-low inflation seen in the euro zone until recently are unlikely to return even after the pandemic is over, the European Central Bank’s chief economist Philip Lane said, citing changes in the global economy among other factors.Lane had dismissed the notion of a new era for inflation until recently …
Read More » -
17 February 2022 7:38 pm
How Will USD/JPY Respond To Blinken’s Remarks Before UN Security Council?
US Secretary of State Antony Blinken will be delivering his remarks on the Russia-Ukraine conflict at a UN Security Council Meeting, from UN Headquarters in New York City, on Thursday.Markets remain risk-averse on Thursday on reports pointing to a heightened risk of a Russian invasion. The benchmark 10-year US Treasury …
Read More » -
17 February 2022 7:06 pm
Ukraine’s Foreign Minister: Fire from a tank recorded in Eastern Ukraine
Ukraine’s Foreign Minister Kubela Dmytro said on Thursday that fire from a tank had been recorded in Eastern Ukraine. This development comes after mortar fire and shelling throughout Thursday morning that was only reported to have stopped at 1:00 p.m. local time. As for the market’s reaction, the latest round …
Read More » -
17 February 2022 5:43 pm
US: Weekly Initial Jobless Claims rise to 248K
There were 248,000 initial claims for unemployment benefits in the US during the week ending February 12, the data published by the US Department of Labor (DOL) revealed on Thursday. This was above the median economist forecast for 219,000 initial claims and was also above last week’s 225,000 reading, which …
Read More » -
17 February 2022 4:44 pm
CBRT leaves policy rate unchanged at 14%
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it left its policy (one-week repo) rate unchanged at 14% as expected.
Read More » -
17 February 2022 3:51 pm
Oil Falls But Caught Between Iran Talks And Ukraine Crisis
Oil prices fell on Thursday as talks to revive a nuclear deal with Iran entered their final stages, but tension between Russia and the West over Ukraine limited losses. Brent crude fell $1.26, or 1.3 percent, to $93.55 a barrel. US West Texas Intermediate crude fell 1.34 dollars, equivalent to …
Read More » -
17 February 2022 3:14 pm
Dollar Steadies Amid Concerns Over Ukraine News
The dollar stabilized on Thursday and the Japanese yen held on to earlier gains after a Russian news report of mortar fire in eastern Ukraine rocked markets and boosted appetite for safe-haven assets. Russia-backed rebels accused Ukrainian forces of bombing lands they control in violation of agreements aimed at ending …
Read More » -
17 February 2022 2:30 pm
Gold Rises to 8-Month High as Bond Yields Fall
. Gold prices rose in trading today, Thursday, to their highest level in 8 months, as Treasury yields declined, while reports of mortar fire in eastern Ukraine prompted investors to resort to gold bullion. Spot gold rose 0.4% to $1,876.41 an ounce, approaching a June high of $1,879.48 hit on …
Read More » -
17 February 2022 1:46 pm
Strong Results Support European Shares Amid Ukraine Tensions
European shares rose on Thursday as strong results for a number of companies, including Airbus, Kering, and Commerzbank, boosted risk appetite, dispelling investor fears of renewed tensions surrounding Ukraine. The pan-European Stoxx 600 index rose 0.2 percent, the French CAC rose 0.6 percent, the German DAX rose 0.3 percent, and …
Read More » -
17 February 2022 1:15 pm
Oil Falls After France And Iran Said Are Close to Nuclear Deal
Oil fell more than 2% in early Asian trading on Thursday after France and Iran said the parties were close to reaching a consensus to save Iran’s 2015 nuclear deal with world powers, countering the impact of continuing concerns about the situation in Ukraine. US West Texas Intermediate crude fell …
Read More » -
17 February 2022 12:24 pm
Gold Hovers Near 8-Month Peak as Concerns Over Ukraine Return
. Gold prices rose on Thursday towards their highest levels in eight months this week as US Treasury yields fell, while reports of mortar fire in eastern Ukraine prompted investors to choose safe bullion. And gold rose in spot transactions 0.4 percent to $ 1876.41 an ounce, hovering near its …
Read More » -
17 February 2022 11:45 am
Japan Shares Close Lower Due to Ukraine Crisis
Japanese stocks fell on Thursday after concerns over Ukraine curbed risk appetite, while investors remained concerned about rising interest rates globally to contain widening inflationary pressures. The Nikkei index lost 0.83 percent to close at 27,232.87 points, while the broader Topix index fell 0.79 percent to 1931.24 points. The Nikkei …
Read More »