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Market Analysis

January, 2022

  • 30 January 2022 8:43 pm

    Weekly Recap 24-28 January

    US Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral …

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  • 29 January 2022 3:16 am

    Market Drivers – US Session – 28 January 2022

    US Treasury yields ended Friday’s trading in a bearish trend, affected by the relative stability in US inflation rates, which was reflected by fresh data. Bond yields for ten years fell to 1.782%, compared to the last daily close, which recorded 1.804%.Economic DataThe oil and gas rig count, an early …

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  • 29 January 2022 2:44 am

    US drillers add oil & gas rigs for record 18th month

    The oil and gas rig count, an early indicator of future output, rose six to 610 in the week to Jan. 28, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.US energy firms added oil and natural gas rigs for …

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  • 29 January 2022 2:26 am

    WTI Slightly Eases After Printing Fresh Highs

    Front-month WTI futures touched fresh seven-year peaks on Friday, reaching $88.82 for the first time since October 2014, before pulling back somewhat to just below $88.00 again. Still, that leaves WTI trading more than 50 cents higher on the session and about $3.0 higher on the week. WTI is on …

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  • 29 January 2022 1:40 am

    S&P 500 Surges Back, Ends Week In The Green Territory

    The US equities surged in late trade after a broadly positive session as Fed bets eased after softer wage data. The S&P 500 leapt to close above the 4400 level again to close 2.4% higher and end the week positive. Apple led the charge after positive Q4 earnings and record …

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  • 29 January 2022 12:18 am

    Strong US Earnings Push Global Equities Higher

    Global equity markets reap gains on Friday at the end of a tumultuous week dominated by concerns over the Federal Reserve’s monetary policy and geopolitical tensions between Russia and the West.Strong earnings from Apple and other tech firms buoyed the US equities during Friday’s session but the major indexes remained …

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  • 28 January 2022 11:30 pm

    France Reports Fastest growth, German economy shrinks

    France has posted its strongest growth in over 50 years, as the economy recovered from the economic shock of the pandemic. The French GDP expanded by 7% last year, data just released shows; the strongest annual expansion since 1969, as the economy showed resilience in the face of supply chain …

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  • 28 January 2022 11:06 pm

    EUR/USD Clings to 1.1150s but downside risks remain

    The EUR/USD pair is under heavy downward pressure, as the pair eyes May 2020 swing lows. The EUR/USD’s bulls failure to defend 1.1100, it would open the door towards 1.0775.After holding above 1.1200 for too many days before USD bulls launched an attack to 2021 yearly low, however, the shared …

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  • 28 January 2022 10:06 pm

    US Personal Income Rises Less Than Expected, Personal Spending Retreats

    A report released by the Commerce Department on Friday showed personal income in the US increased by less than expected in the month of December.The Commerce Department said personal income rose by 0.3 percent in December after climbing by an upwardly revised 0.5 percent in November.Economists had expected personal income …

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  • 28 January 2022 9:44 pm

    FOMC likely to hike rates by 125 bps over the course of 2022

    Market observers believe the FOMC will announce the commencement of balance sheet reduction at the July 27 meeting. They look for the Federal Reserve to hike the Fed Funds rate by 125 bps in 2022.It is likely that the Committee will hike rates by 25 bps at the March 16, …

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  • 28 January 2022 9:34 pm

    Will Canada’s Labour Data Weaken Substantially

    The Bank of Canada kept the interest rate unchanged this week but signaled imminent tightening at the next meeting in March. Next week, the key economic event will be the jobs report on Friday. Analysts at RBC Capital Markets see a drop of 70000 in employment in January. Key Quotes: …

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  • 28 January 2022 8:58 pm

    US: Labor costs slow, but still rising at a scorching rate

    Data released on Friday showed the Employment Cost Index (ECI) rose 1% during the fourth quarter, and 4% during the year. Analysts at Wells Fargo point out the quarterly increase was more restrained than Q3’s 1.3% gain, and they consider that may tamp down fears of a wage-price spiral amid …

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  • 28 January 2022 8:22 pm

    Gold Price Has More Room On Downside Ahead Of NFP

    Gold climbed to its highest level since November at $1,853 on Wednesday but ended up losing more than 3% from that level to end the week deep in the negative territory below $1,800. Nonfarm Payrolls are forecast to rise by 238000 in January. The low bar suggests that there is …

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