Monthly Archives: November 2021

Tuesday November 30th, 2021

The US$ weakens, oil prices fall, equity markets and US yields are down after Moderna’s CEO said the current covid vaccines are unlikely to be as effective against the Omicron variant. Focus today will be on Fed Chair Powell and Treasury Secretary Yellen as they testify before the Senate Banking c...
Read More

Monday November 29th, 2021

The US$ firms, oil prices rally, equity markets & US yields strengthen as markets reverse some of Friday’s volatile moves. Markets calmed in overseas trading with equity markets firming, oil rallying over 4%, while currencies markets remain mixed as investors take a more balanced view, waiting...
Read More

Thursday November 25th, 2021

Happy Thanksgiving to our American Friends! The US$ and oil are lower, while equity markets are higher, and the US yields are unchanged. Yesterday’s FOMC minutes shows its willingness to taper and hike faster if conditions necessitate it. In other news, China’s real estate developer, Kaisa G...
Read More

Wednesday November 24th, 2021

The US$ up and oil is lower, while equity markets and US yields are lower. Some important economic figures coming out today ahead of US Thanksgiving. In other news. US invites Taiwan to its democracy summit to China’s displeasure. COVID, WHO warns of half a million more virus-related deaths by spr...
Read More

November 23rd, 2021

The US$ and oil are lower, equity markets are mixed and US yields are up. The US index reached a 16-month high after Fed Powell was nominated to a second term as Feb chairman. Market anticipate that Powell’s confirmation could lead to a tougher stance on inflation. In other news. U.S. set to unvei...
Read More

Monday November 22nd, 2021

The US$ is up and oil is flat, equity markets higher and US yields are up as we enter a US shorten week due to the US Thanksgiving holiday. The US dollar remains firmer on the session, tracking the rebound in the Treasury yields across the curve. Market awaits FOMC minutes amid a quiet start [&helli...
Read More

Friday November 19th, 2021

The US$ rallies, oil prices tumble, equity markets and US yields are mixed as covid concerns drives market caution. The US$ index retests 16-month highs and oil prices drop below US$80pb as surging covid cases see lockdowns return in Europe. Today, there are no key economic releases, the House of Re...
Read More

Thursday November 18th, 2021

The US$ dips, oil prices remain weak, equity markets are mixed and US yields slip ahead of US Jobs data. The US$ slips from its 16-month highs as US Treasury yields ease and uncertainty remains on who will be President Biden’s next Fed Chair pick. Intraday the weekly US Initial Jobless Claims is t...
Read More

Wednesday November 17th, 2021

The US$ off highs, oil prices weaken, equity markets are mixed and US yields firm ahead of a flurry of Fed speakers today. The US$ Index continues to gain strength vs a basket of major currencies testing above 96.00 for the first time in 16 months. Six FOMC policymakers will be delivering speeches t...
Read More

Tuesday November 16th, 2021

The US$ strengthens, oil prices steady, equity markets firm and US yields stall ahead of US Retail Sales report. The US$ index tests its highest levels since July 2020 ahead of the October Retail Sales which is expected to increase by 1.5%, boosted by early holiday shopping and higher gasoline price...
Read More