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Market Analysis

March, 2022

  • 24 March 2022 11:00 pm

    Significance Of Lowest Jobless Claims Since 1969 For US Economy

    US jobless claims set a more than 50-year low last week as the red-hot labour market shows few signs of cooling in the near-term. The Labour Department released its latest weekly jobless claims report Thursday. Jobless claims fell by 28,000. Initial jobless claims, week ended March 19: 187,000 versus. 210,000 …

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  • 24 March 2022 10:12 pm

    Russian FM: Terrible results from NATO’s pumping Ukraine with weapons

    Russia’s foreign ministry said on Thursday that NATO is reaping terrible results from the decision to pump Ukraine with weapons, Reuters reported citing RIA news agency.“NATO summit decision to keep providing support to Ukraine confirms alliance wants the conflict to continue,” the ministry added.These comments do not seem to be …

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  • 24 March 2022 9:58 pm

    Biden: Russia should be removed from G20

    US President Joe Biden said on Thursday that he thinks Russia should be removed from G20, as reported by Reuters.Key Quotes:“Asked that Ukraine be able to attend G20 meetings.”“Ukraine’s judgment to make whether it cedes territory to Russia.”“Talked about how major wheat producers US, Canada could increase and disseminate more …

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  • 24 March 2022 9:07 pm

    WTI Mixed Amid Supply Concerns

    WTI has been choppy on Thursday, swinging between the $112s and upper $116s as traders weigh various themes.Traders continue to fret about Russian supply disruptions due to Western sanctions as US/Iran talks falter. Oil markets have seen volatile trade thus far this Thursday, with traders juggling a multitude of themes. …

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  • 24 March 2022 8:26 pm

    USD/CAD Cannot Stop 8-Day Losses

    The Canadian dollar keeps rallying versus its American counterpart, as it slid 0.27%. A mixed market mood keeps the CAD in the driver’s seat amid a firm US dollar. USD/CAD Price Forecast: Downward biased, threatening to break below 1.2450.The USD/CAD pair post modest losses as Thursday North American session kicks …

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  • 24 March 2022 7:49 pm

    Fed’s Evans: Can start balance sheet reduction and raise rates at the same meeting

    Chicago Fed President Charles Evans said on Thursday that the Fed can begin its balance sheet reduction and raise interest rates in the same meeting, reported Reuters.The risk of slowing the economy into recession isn’t high, Evans said. The Fed won’t need asset sales until it is well into its …

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  • 24 March 2022 7:39 pm

    Discussions On Interest Rate Hikes Continue In Washington

    Is US Economy Entering A New Normal? Policymakers are wrestling with the reality that the pandemic may mark a turning point in the nation’s economic plot. The pandemic, and now the war in Ukraine, have altered how America’s economy functions. While economists have spent months waiting for conditions to return …

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  • 24 March 2022 5:46 pm

    US announces new sanctions on Russia’s Duma, oligarchs and defense sector

    According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …

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  • 24 March 2022 4:43 pm

    US: Weekly Initial Jobless Claims Fall to 187K

    There were 187,000 initial jobless claims in the US in the week ending on 19 March, less than the 212,000 expected and below the week prior, when there were 215,000 claims (revised up from 214,000), data published by the US Department of Labor (DOL) revealed on Thursday. The four-week moving …

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  • 24 March 2022 3:58 pm

    European shares rise as concerns grow over Ukraine

    European Stocks

    European shares opened higher on Thursday, supported by gains in low-risk sectors, on fears of a worsening crisis in Ukraine as Western countries plan more sanctions on Russia. The pan-European Stoxx 600 index rose 0.2 percent, with utilities and consumer goods companies leading the way. Raw materials stocks fell 0.3 …

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  • 24 March 2022 2:46 pm

    The dollar rises and the yen falls to its lowest level since 2015

    The dollar rose on Thursday as oil prices stabilized and commodity-linked currencies gave up some of their gains, while the yen plunged to its lowest level since 2015. The turmoil prevailed in stock markets and struggled to achieve gains in Asian trading, as investors exercised more caution after hawkish comments …

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  • 24 March 2022 1:53 pm

    Nikkei closes at 9-week high as oil tumbles

    Japan’s Nikkei index changed direction to rise in the last hour of Thursday’s trading session after falling oil prices allayed inflation fears in a country that relies on imports for its energy needs. US crude gave up its previous gains, falling more than one percent, while investors assessed the chances …

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  • 24 March 2022 1:19 pm

    Eurozone Manufacturing PMI declines to 57 in March

    Manufacturing PMI in the eurozone edged lower to 57 in early March from 58.2 in February, the data published jointly by IHS Markit and S&P Global showed on Thursday. This print came in better than the market forecast of 56. The Services PMI declined to 54.8 from 55.5 and the …

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