Crude oil prices edged higher on Friday following statements by OPEC+ that the group could review its policy to hike output if a rising number of pandemic lockdowns obstructs off demand.Brent futures rose 90 cents, 1.3%, to $70.57 a barrel, while US WTI rose 55 cents, 0.8%, to $67.05. Losses …
Read More »FOMC Meeting Minutes in Focus In A Critical Week for Global Markets
Market dynamics are expected to be influenced by a series of crucial events on Wednesday, February 1…
Dow Jones Holds Steady Despite Healthcare Sector Losses
The Dow Jones Industrial Average (DJIA) experienced a volatile session, initially dropping significa…
US Dollar 0.30% Higher Amid Ukraine-Linked Talks
The US dollar has strengthened, with the US Dollar Index (DXY) surpassing the 107.00 mark. This surg…
AUD/USD Dips After RBA’s Expected Rate Cut, Cautious Outlook
The AUD/USD pair has dipped below the 0.6350 level, influenced by a strengthening US dollar and a ca…
Wall Street Dumps Cash, Bets on Stocks Despite Trade War Woes
Wall Street’s optimism has reached fever pitch, with cash levels in investment portfolios hitt…
Fed’s Daly rules out certain rate cuts in 2025
Mary Daly, President of the Federal Reserve Bank of San Francisco, emphasized the uncertainty surrou…
EUR/USD Under Pressure Amid Tariff Row, Monetary Policy Speculations
The EUR/USD exchange rate has recently weakened, approaching the 1.0450 level, pressured by a conflu…
Oil Prices Rise After Drone Attack on Russian Pipeline, Supply Outlook Limits Gains
Oil prices extended gains on Tuesday following a drone attack on a Russian oil pipeline pumping stat…
Bitcoin Declines Amid Trade Tariff Uncertainty and Fed’s Interest Rate Outlook
Bitcoin edged lower on Tuesday, marking its third consecutive day of declines, as market participant…
European Markets Trade Higher Amid Geopolitical Tensions
European markets saw modest gains on Tuesday, as investors closely monitored ongoing geopolitical de…
Market Analysis
December, 2021
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3 December 2021 11:36 pm
Wells Fargo: NFP Pushes FOMC To Gray Zone
November’s NFP data showed an increase in payrolls of 210000, significantly below the 550000 expected. According to Wells Fargo’s analysts, this reading is clear evidence that nonfarm payrolls are below consensus expectations. They add that a slower pace of wage growth may slightly ease some concerns about a wage price …
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3 December 2021 10:44 pm
BoC Ready For Quiet Meeting
Next week, on Wednesday, the Bank of Canada (BoC) will have its monetary policy meeting. Analysts tend to expect a relatively quiet meeting. They consider the BoC will maintain the view that the outlook is evolving as expected and that inflation is transitory. BoC meeting would be with limited scope …
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3 December 2021 9:43 pm
US Shares Display Mixed Performance After NFP Data
Stocks are churning in mixed trading on Wall Street, Friday, following a disappointing jobs report, as markets continue to twirl at the tail end of a dizzying week.The S&P 500 was 0.1% lower, as of 9:50 a.m. Eastern time, after an early 0.7% gain quickly vanished. It’s coming off a …
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3 December 2021 8:41 pm
Biden: Price pressures will ease as global economy improves
US President Joe Biden said on Friday that price pressures would ease as the global economy improves. “Gasoline price drops are beginning to reach Americans and this should pick up, he added, saying that China might also decide to release more oil, though it has not done so just yet.
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3 December 2021 8:18 pm
Fed’s Bullard Expects NFP Data Upwards Revision
St Louis Fed President James Bullard said on Friday said that he expects an upwards revision to the November NFP number, as this is a tight labour market. The US economy will be below 4% unemployment by Q1 2022, he added. Additional Comments:“Sticking with forecast for two rate hikes in …
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3 December 2021 8:06 pm
US Factory Orders Above Expectations
According to US Census Bureau data, US Factory Order rose 1.0% MoM in October. This reading is above the expected 0.5% gain and marked an acceleration on the 0.5% MoM gain seen back in September.Excluding transportation, orders were up 1.6% on the month also marking an acceleration on September’s MoM …
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3 December 2021 7:37 pm
November’s ISM Services PMI Jumps To Record Reading
Headline ISM Service PMI rose to 69.1 in November. The new reading has marked a record-high going back to 1997 when the survey began. The Institute of Supply Management’s headline Services PMI index rose to a fresh record high at 69.1 in November versus forecasts for a modest fall to …
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3 December 2021 7:19 pm
USD Remains Resilient Despite Disappointing NFP
US Nonfarm Payrolls rose at a much slower pace than expected in November. However, an underwhelming print did little to undermine the USD. It will be very difficult to sell the USD as a thematic strategy given the global monetary policy setup. Fed’s hawkishness to be a significant offset to …
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3 December 2021 6:58 pm
USD/CAD Collapses On US NFP Data
US Nonfarm payrolls report rose by 210000, lower than the expected 550000. Canadian Employment Change increased 5 times as many as estimations while the Unemployment Rate has fallen.USD/CAD threatens to break the 200-hour SMA, that once breached, would send the pair dipping towards 1.2700.During the New York session, the USD/CAD …
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3 December 2021 5:49 pm
Canada: Economy Adds 153.7K Jobs in November
The Canadian economy added 153.7K jobs in the month of November, well above expectations for a 35K and a marked acceleration from the 31.2K jobs added in October. 79.9K of these job gains were in full-time employment. Meanwhile, the unemployment rate dropped to 6.0% from 6.7% in October, a significantly …
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3 December 2021 5:38 pm
US Nonfarm Payrolls Rises in November
Nonfarm Payrolls (NFP) rose by 210K in November versus the median forecast for a 550K rise, data published by the US Bureau of Labor Statistics showed on Friday. That marked a substantial decline versus the 546K jobs added to the US economy in October.
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3 December 2021 5:14 pm
Dollar Climbs as Investors Await US Jobs Data
The dollar rose on Friday against most major currencies, as traders positioned themselves ahead of the release of crucial US jobs data that could pave the way for an early Federal Reserve interest rate hike. The dollar index, which measures the performance of the US currency against six other major …
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