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Market Analysis

March, 2022

  • 5 March 2022 1:00 am

    Strong Jobs Data Evidence COVID’s Fading Impact On US Economy

    In a buoyant sign for the US economy, businesses stepped up their hiring last month as Omicron faded and more Americans ventured out to spend at restaurants, shops and hotels despite surging inflation.Employers added a robust 678,000 jobs in February, the largest monthly total since July, the Labor Department reported …

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  • 4 March 2022 11:36 pm

    White House Pondering Options To Cut Russian Energy Consumption

    The White House on Friday confirmed earlier reports that it is looking at options to cut US consumption of Russian energy. The White House labelled Russia’s attack on a nuclear plant in Ukraine as the “height of irresponsibility” and said that targeting civilian infrastructure would constitute a war crime. An …

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  • 4 March 2022 11:26 pm

    Bitcoin declines Amid Ukraine’s Nuclear Threats

    Bitcoin now trades at a new March low of $40,551 for BTC/USD, taking two-day losses to 10.2%. Fears over the security of Ukraine’s nuclear infrastructure drove not just crypto but traditional markets lower on the day, with the S&P 500 following European indexes to decline by 1.4%.Bitcoin correcting as tensions …

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  • 4 March 2022 10:34 pm

    Wall Street Falls As Ukraine Concerns Overshadow US Jobs Data

    The S&P 500 fell back to test the 4300 level and was last trading down about 1.0% in the 4320 area having bounced ahead of weekly lows around 4280. The drop reflected a broad downturn in the major US indices, with the Dow last down 0.7% and the Nasdaq 100 …

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  • 4 March 2022 9:50 pm

    US: World Narrowly Averted Nuclear Catastrophe In Ukraine

    The US Envoy to the United Nations, , Linda Thomas Greenfield, said on Friday that the world narrowly averted a nuclear catastrophe overnight in Ukraine, Greenfield also said she is gravely concerned that Ukrainian nuclear operators are now doing their jobs under extreme duress. The Russian attack on the nuclear …

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  • 4 March 2022 9:33 pm

    Iran Nuclear Talks Could Reach Deal Next Week

    Russia’s Envoy to nuclear discussion between major world powers and Iran said on Friday that “we will have a deal maybe in the middle of next week”.European negotiators probably returned to capitals because they believe they have done their job, the envoy added.So, Iran’s deal has become a matter of …

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  • 4 March 2022 9:20 pm

    USD/CAD Jumps After Strong US Jobs Data

    Bank of Canada

    USD/CAD sharply reversed direction higher on Friday after the release of what traders described as a bumper US labour market report boosted the US dollar and amid a distinctly risk-off market tone weighed on the more risk-sensitive Canadian dollar.The pair started the session below 1.2700, but at one point had …

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  • 4 March 2022 8:50 pm

    Putin To Scholz: Ukraine Should Fulfill Russian Demands

    Russian President Vladimir Putin told German Chancellor Olaf Scholz in a call on Friday that while Russia is open for dialogue with Ukraine, the country should fulfill all Russian demands.Putin also reportedly told Scholz that he hopes Kyiv will adopt a more constructive position in the next rounds of talks. …

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  • 4 March 2022 8:38 pm

    Wells Fargo: NFP, Employment Gains Robust

    Employment data released on Friday came in above expectations, but it was mostly ignored by most investors, traders and market participants amid the ongoing Ukraine’s war. War fogs continue as the key market driver.Analysts at Wells Fargo believe that so long as the Russia-Ukraine conflict does not significantly escalate, the …

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  • 4 March 2022 8:07 pm

    Gold Sets USD 1,975 as Next Bullish Target

    Gold continues to find demand amid the ongoing Russia-Ukraine crisis. The technical picture suggests that XAU/USD remains bullish in the near-term, pointing to additional gains towards USD 1,975.US inflation data and geopolitical headlines to drive next week’s action. On Wednesday, the US Bureau of Labor Statistics will release the February …

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  • 4 March 2022 5:42 pm

    US Non-farm Payrolls Rises by 678K in February

    Nonfarm Payrolls (NFP) rose by 678K in February, well above the median economist forecast for a 400K rise, data published by the US Bureau of Labor Statistics showed on Friday. January’s NFP number also saw a small upwards revision to 481K from 467K. The much larger than expected headline beat …

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  • 4 March 2022 4:28 pm

    European Shares Headed For a Third Weekly Decline

    European Stocks

    European shares fell on Friday, heading for a third consecutive week of losses, following reports that a nuclear plant caught fire amid heavy fighting between Russian and Ukrainian forces. The pan-European STOXX 600 index was down 1.4 percent by 0837 GMT after Asian shares fell to a 16-month low. The …

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  • 4 March 2022 3:21 pm

    What do you know about Ukraine?

    Ukraine is a relatively small country wedged between Russia and Europe. It was part of the Soviet Union until 1991; it has been a less-than-perfect democracy with a fragile economy and foreign policy that wavers between pro-Russian and pro-European. In November 2013, President Viktor Yanukovych refused a deal for integration …

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