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Market Analysis

March, 2022

  • 8 March 2022 11:58 pm

    Volatility Could Drag Gold Back

    Gold prices are volatile on Tuesday as risk sentiment ebbs and flows surrounding the Ukraine crisis. The precious metal trades now at $2,052.70 per ounce. At $2,041 per ounce, gold prices are higher by 2.20% on the day despite a $50 per ounce drop in midday New York on the …

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  • 8 March 2022 11:39 pm

    After Daily Highs, US Shares Prepared To Close Flat

    Improved market mood caused a jump off the lows, but it was short-lived, trading near the open of the session. The stock market was trying to rebound from its worst day of selling in months Tuesday even after President Joe Biden announced a ban on Russian oil. By afternoon, the …

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  • 8 March 2022 10:50 pm

    EUR/USD Higher On Hopes For Ukrainian Russian Dialogue

    Eurozone

    EUR/USD is trading near the highs of the day as markets hold higher hopes of a breakthrough in the dialogue between Russia and Ukraine. An interview between Ukraine’s president and ABC News from Monday night is being reported on in New York trade by AP News Service.The article has highlighted …

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  • 8 March 2022 10:35 pm

    Zelensky: Ukraine Won’t Give Up

    Ukrainian President Volodymyr Zelensky addressed the UK House of Commons via video on Tuesday, saying Ukraine “will not give up” on defending itself against Russia.Key Quotes:“I’m addressing you as a citizen as a president of also a big country with a dream and big effort,” Zelensky started his address by …

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  • 8 March 2022 10:18 pm

    AUD/USD Extends Weekly Losses

    The AUD/USD pair slides for the second consecutive day, despite a vow of a risk-on market mood in the financial markets, spurred by an announcement of Ukraine not insisting on joining NATO. The AUD/USD is trading at 0.7280, still down 0.47%.Earlier in the day, the market mood was dismal, spurred …

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  • 8 March 2022 9:46 pm

    Ukraine’s Remarkable Hints: No Longer Insisting On NATO Membership

    In a remarkable development and a nod to Russia, Ukraine hints, on Tuesday, that the east Eropean nation is no longer insisting on NATO membership. Similar news headline is now prevailing world media outlets though was referring to an interview conducted on Monday. Ukraine’s aspirations to join NATO was a …

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  • 8 March 2022 9:35 pm

    UK Plans To Taper Russian Energy Imports By Year End

    According to the latest UK government’s statement, on Tuesday the United Kingdom will taper its imports of Russian energy and oil products by the end of the current year 2022.This move will give the market, businesses and supply chains more than enough time to replace Russian imports by similar goods …

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  • 8 March 2022 9:09 pm

    Biden Announces US Ban On Russian Energy Imports

    As market participants expected, in a public address from the White House, US President Joe Biden announced US ban on all Russian imports including oil and gas.Biden’s decision was made in consultation with the US’s Western allies, Biden added, noting that he understood that many European allies that don’t produce …

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  • 8 March 2022 8:33 pm

    US Widening Trade Deficit Driven By Weak Export Growth

    Data released on Tuesday, showed the US trade deficit widened in January to a new record high. Analysts at Wells Fargo point out it reflects the relative out-performance of the US economy during a pandemic era characterized by volatile swings but generally an environment of faster growing imports and slower …

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  • 8 March 2022 7:51 pm

    Ready To Challenge Further Highs, Gold Hits $2060

    The precious metal continues to capitalize on safe-haven flows. Gold Price is currently trading at around $2,060 per ounce, overbought but without signs of technical exhaustion. The next relevant level to watch is $2,075.64, where it set a record high in August 2020, while beyond the level, market players will …

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  • 8 March 2022 7:41 pm

    US Intelligence: Putin likely to escalate assault in Ukraine

    US Director of National Intelligence Avril Haines said on Tuesday that Russian President Vladimir Putin is likely to remain undeterred and may further escalate the assault in Ukraine. Russia’s invasion of Ukraine has “produced a shock to the geopolitical order”, he continued, stating that Moscow underestimated the strength of Ukrainian …

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  • 8 March 2022 7:31 pm

    Aeroflot 401 Reveals Western Efforts To Paralyze Russian Commercial Aviation

    Civil aviation experts of Aerodynamic highlighted the intriguing story of Aeroflot 401 as an important example of an in-depth discussion on Russia, Ukraine and the impact of the ongoing war on global air transport.Aeroflot Flight 401 had taken off at night, in the pre-dawn hours of March 3, and quickly …

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  • 8 March 2022 6:11 pm

    Market Drivers – European Session 8-3-2022

    The euro traded near 22-month lows on Tuesday as the war in Ukraine led to a pessimistic economic outlook for Europe, while currencies that had surged on a sharp increase in energy prices stalled after a weeks-long rally. Russia’s invasion of Ukraine has boosted demand for assets seen as safer, …

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