Inflation, rising rates and the Federal Reserve could lash US stocks next week. After a sharp jump in bond yields with the new year, rising rates could again impose a different tone on the stocks next week. Powell and Brainard’s TestimonyBig events, for newt week, include testimony by Federal Reserve …
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
January, 2022
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8 January 2022 2:26 am
Will Bidenomics’ Bubbles Start To Deflate?
The new year’s first week closed with a usual jobs report signaling solid annual wage growth of 4.7% but a disappointing figure of new jobs. Employment rose by just 199,000 in December, far less than expected. The economy created a record-breaking 6.4 million jobs in 2021, but that was after …
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8 January 2022 2:03 am
Bank of England’s February Rate Hike Still 50:50
Will the Bank of England hike interest rates again at the beginning of February? Market observers do believe the answer is yes. The monetary policy committee may wait until May, though February’s meeting is looking much more 50:50 than it did just a few weeks ago. Partially, that is because …
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8 January 2022 12:43 am
Eurozone Inflation Soars To Record 5 Percent,
Inflation in the Eurozone climbed to an annual rate of 5 percent in December, the second-consecutive record, according to the European Union statistics office’s initial estimate, which was released on Friday.The rate was slightly higher than the previous month’s increase of 4.9 percent. Inflation around the world has jumped as …
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8 January 2022 12:23 am
US Drillers Add Oil, Gas Rigs For Fourth Week
US energy companies kicked off the new year by continuing to add oil and natural gas rigs this week after increasing the rig count in 2021 after two years of declines.The oil and gas rig count, an early indicator of future output, rose two to 588 in the week to …
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7 January 2022 11:31 pm
US Treasury Yields Surge On Wage Growth
The US 10-year note’s yield extended its climb, reaching the highest level in nearly two years, after December employment data showing strong wage growth fanned inflationary concerns and solidified March as the likely starting point for the first rate hike by the Federal Reserve.While the 199,000 new jobs fell short …
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7 January 2022 10:32 pm
WTI Maneuvering Geopolitical Worries, Still Targeting Solid Weekly Gains
WTI slipped back under $79.00 on Friday but remains on course for substantial weekly gains. Supply as well as geopolitical issues have been key drivers of oil this week, with the broader macro-economic story taking a back seat. Oil prices have come under modest selling pressure on the final day …
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7 January 2022 9:49 pm
Weaker USD Shields Gold From Surging Yields
Gold has been swinging either side of the $1790 level in recent trade in wake of the latest jobs report. XAU/USD is being shielded from higher yields by the weaker US dollar, and if this reverses, gold will be in trouble.Gold is nervously holding on to very modest on-the-day gains …
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7 January 2022 8:38 pm
NFP Data Puts US Shares Under Pressure
The S&P 500 index is down by about 0.6% as yields rally, hurting the dominant tech sector. The latest US jobs report, though mixed, has been interpreted as endorsing the Fed’s monetary tightening plans for 2022.The S&P 500 is trading on the back foot as its heavyweight tech sector suffers …
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7 January 2022 8:09 pm
Fed’s Daly: Inflation not temporary because Covid-19 isn’t either
San Francisco Federal Reserve Bank President Mary Daly said on Friday that inflation is not as temporary as the Fed policymakers once thought because Coivd-19 isn’t either. A wage-price spiral isn’t showing up in the data yet, she added, but is worth watching for. Key Quotes“Anchored longer-run inflation expectations also …
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7 January 2022 7:45 pm
NFP To Encourage Tightening, Keep USD Strong
Nonfarm Payrolls relatively disappointed prior estimates, but the labor market indicators were stronger than expected. The employment data has had a modest impact on the forex market. In the light of the NFP data, the US Fed is very determined to move out of easing policy settings.The disappointment in payrolls …
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7 January 2022 5:45 pm
Canada: Economy Adds 54.7K Jobs in December
The Canadian economy added 54.7K jobs in the month of December, above expectations for a 27.5K gain, though still a marked deceleration from the 153.7K jobs added in November, according to the latest release from Statistics Canada released on Friday. Canada saw 122.5K new jobs in full-time employment, whilst part-time …
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7 January 2022 5:33 pm
US Non-farm Payrolls rise by 199K in December
Nonfarm Payrolls (NFP) rose by 199K in December versus the median forecast for a 400K rise (some newswires had reported the median forecast at 447K), data published by the US Bureau of Labor Statistics showed on Friday. That meant the pace of job gains was roughly in line with November, …
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