U.S. stocks managed to close higher on Friday, 1 April 2022, thanks to some late buying near the close. A solid jobs report announced on Friday could mean that the Federal Reserve may hike rates at least six times this year. The yield curve continued to flatten, and while it may indicate a recession in […]
2022-04-04 | Market Commentary
Yesterday, the US dollar index rose 0.58% to 98.52. After the CPI data was released, the market’s expectations for the Fed’s tightening policy remained stable. The 25 basis points of interest rate hike at this month’s meeting has been fully reflected in market prices.
2022-03-11 | Market Analysis
1. Forex Market Insight EUR/USD The euro fell as much as 1.2% against the dollar to $1.1090, the lowest level since June 2020. Meanwhile, hedge funds and options-related accounts sold euros, and real money accounts both sold and bought euros. One-month implied volatility climbed to its highest level in nearly two years, and the market’s […]
2022-03-02 | Market Analysis
The U.S. stock markets plunged alongside oil prices and U.S. Treasury yields on Friday, 26th November 2021. This is after South Africa raised the alarm over a fast-spreading strain of the coronavirus, sparking concerns that travel restrictions and other curbs will spoil the global economic recovery. The World Health Organization (WHO) assigned the newly identified variant with the Greek letter omicron. The formally recognized strain was previously referred to as lineage B.1.1.529. Ultimately, the consensus is that this is a […]
2021-11-29 | Market Commentary
Stocks rallied on Friday, 12 November 2021, led by technology and communication services. However, the major averages finished lower for the week as inflationary pressures continued to reverberate through markets. The October Consumer Price Index that was released on Wednesday, 10 November 2021, shows that inflation ran hotter than at any time in 30 years, but Friday’s report on plunging consumer sentiment prompted hope among traders that the Federal Reserve would delay any interest rate hikes. While […]
2021-11-15 | Market Commentary