Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil was up by two to 497 this week. That followed a climb of four oil rigs the week before, Baker Hughes data show. The total active U.S. rig count, which includes those drilling for natural …
Read More »GBP/USD Stalls as Trump’s Tariffs and Policy Splits Pressure Markets
The Pound Sterling hovers near 1.3638 on July 7, 2025, caught between US-Iran tensions, US President…
Treasury Yields Climb as Trump’s Tariffs Stir Oil Market Concerns
US President Donald Trump’s tariff announcements on July 7, 2025, targeting imports from Japan and S…
Oil prices defy expectations post OPEC’s Decision
On Monday, oil prices defied expectations, climbing despite OPEC+’s surprise production hike, fueled…
EUR/JPY Climbs: Are Trump’s Tariffs and EU Trade Hopes a Game-Changer?
The EUR/JPY pair is riding a wave of optimism, fueled by prospects of a US-EU trade deal and a robus…
Trump Targets Japan and South Korea with a Separate 25% Tariff
On Monday, US President Donald Trump announced the imposition of a 25% tariff on imports from Japan …
Markets Reel as Trump’s Tariffs and Iran Tensions Boost Dollar
President Donald Trump’s tariff threats targeting over 100 countries by July 9, 2025, coupled with h…
Stock Futures Slide Amid Trade Uncertainty and Concerns Over Tariffs
U.S. stock index futures fell Monday, as growing uncertainty surrounding President Donald Trump’s tr…
Oil Prices Struggle as OPEC+ Hikes Output Amid Trade Concerns
Oil prices showed some resilience on Monday, recovering from earlier losses despite concerns surroun…
European Stocks Mixed as Investors Await U.S. Trade Deal Deadline
European stocks showed a mixed performance on Monday, with investors remaining cautious ahead of the…
German Industrial Production Surpasses Expectations in May Despite Recent Slowdowns
German industrial production showed a stronger-than-expected rebound in May, driven by the automotiv…
Market Analysis
February, 2022
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4 February 2022 11:21 pm
EUR/USD’s Bullish Momentum Interrupted By Strong US NFP Data
Strong US labour market data on Friday caused the EUR/USD’s pair to stumble, though not enough to trigger a lasting reversal back towards 1.1400, the fresh data has at least prevented the pair from breaching January’s highs in the 1.1480s. Though the pair has recovered back from its sub-1.1420 post-NFP …
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4 February 2022 10:34 pm
WTI Crude Surges Above $92 On Permian Freeze
The US oil benchmark jumped to above $92 per barrel early on Friday, its highest level since 2014, amid the Russia-Ukraine crisis and a deep freeze in Texas that disrupted some Permian oil production.West Texas Intermediate crude oil broke this week the $90 a barrel mark for the first time …
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4 February 2022 9:12 pm
BoC Likely To Hike Interest in March
Data released on Friday, showed the Canadian economy lost 200K jobs in January, more than expected. Analysts at CIBC point out most of the decline came from industries affected by tightening health restrictions and the numbers should not alter the plans of the Bank of Canada (BoC) of raising rates …
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4 February 2022 8:19 pm
Canada lost 200,000 jobs in January as Omicron hit hard
Canada’s unemployment rate has surged to 6.5%. Many businesses closed up shop in January due to the spread of the Omicron variant, which resulted in the loss of work for hundreds of thousands of Canadians. Canada’s economy lost 200,000 jobs last month, according to Statistics Canada, as COVID-19 shutdowns related …
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4 February 2022 7:34 pm
US Dollar Explodes Following Splendid NFP Data
Not only did we get high NFP numbers for January, but we also got positive revisions for the past months. It is not a job market, it is rather paradise back on the financial market’s earth, the USD is trading higher everywhere.The strength of the US dollar manifested itself in …
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4 February 2022 7:20 pm
USD/JPY jumps After NFP Amid Stronger US Dollar
The USD/JPY pair has jumped from 114.90 to 115.38 following the release of the US employment report that showed better-than-expected data. The pair hit the highest level since Monday and it is holding above 115.00, with the bullish momentum intact.After the ADP report and other labor indicators, the 150K increase …
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4 February 2022 4:40 pm
Oil Hits 7-Year High on Supply Worries
Oil prices reached their highest level in seven years on Friday as geopolitical tensions and a winter storm in the United States fueled concerns about supply disruptions. Brent crude rose $1.32, or 1.5 percent, to $92.43 a barrel by 1120 GMT, after earlier touching its highest level since October 2014, …
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4 February 2022 3:52 pm
Oil Stocks Boost European Shares
European shares rose slightly on Friday as oil inventories rose but persistent concerns about inflation and an impending interest rate hike by the European Central Bank. The pan-European Stoxx 600 index rose 0.4 percent, after falling nearly 2 percent in the previous session. Oil inventories led the gains, adding 1.4 …
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4 February 2022 2:59 pm
Euro area Retail Sales Decline by 3% in December
Retail Sales in the euro area fell by 3% on a monthly basis in December, the data published by Eurostat showed on Friday. This print missed the market expectation for a decrease of 0.5%. In the EU, Retail Sales contracted by 2.8%.
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4 February 2022 2:16 pm
NFP Preview: Forecasts From Four Major Banks
The US Bureau of Labor Statistics will release the January jobs report on Friday, February 4 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of four major banks regarding the upcoming employment data. Deutsche Bank “We are …
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4 February 2022 1:27 pm
Gold Rises as Dollar Slips Ahead of US Jobs Report
Gold prices rose as the dollar fell on Friday, as markets awaited the US jobs report that may affect the Federal Reserve’s inclination to tighten monetary policy. Spot gold rose 0.1 percent to $1,805.90 an ounce. And US gold futures rose 0.2 percent to $ 1807.20. If the US jobs …
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4 February 2022 12:34 pm
Japan’s Nikkei Index Records First Weekly Increase in 5 Weeks
The Japanese stock index rose after a mid-day break on Friday, reversing its trend after a tepid morning session, to end the day with strong gains that halted a four-week decline. The Nikkei index closed the day’s trading, up 0.73 percent, recording 27439.99 points. Over the week, it recorded an …
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