March 2022 - Payments International Inc.

Published On - March 31, 2022

March 31st Morning Update

The US$ up, oil prices lower, equity markets are unchanged while US yields hedge lower. US considering releasing 180 million barrels of oil over the next few months from the strategic oil reserve. The news caused oil price to drop over 5%. High gasoline prices are a political liability for Biden, an...

Published On - March 30, 2022

Paul Harrison

Wednesday March 30th, 2022

The US$ lower, oil prices rebound, equity markets and US yields are mixed as Russian promises in doubt. Ukraine’s Zelensky says Russia talks could be called positive but added Ukraine won’t slacken its defenses. Germany, US & allies agree to keep pushing for a Russian ceasefire, while the Kr...

Published On - March 29, 2022

Paul Harrison

Tuesday March 29th, 2022

The US$ weakens, oil prices rebound, equity markets and US yields are up amid cease-fire talks. Ukraine & Russia resume peace talks in Turkey for their first face-to-face meeting in 3-weeks with Ukraine seeking a ceasefire without compromising on territory or sovereignty. Equity markets and curr...

Published On - March 28, 2022

Paul Harrison

Monday March 28th, 2022

The US$ rallies, oil prices are down, equity markets strengthen, while US yields are firm as Russia-Ukraine talks to resume. Ukrainian & Russian delegations are arriving in Istanbul for another round of in-person talks which could resume as soon as Tuesday. Ukraine appears to be offering “neut...

Published On - March 25, 2022

Paul Harrison

Friday March 25th, 2022

The US$ & oil markets weaken, equity markets are mixed, while US yields rise as markets focus on US consumer sentiment. Markets will focus on Michigan Consumer Sentiment Index after consumer & business confidence across Europe and the UK deteriorated in March due to worsening supply chain is...

Published On - March 24, 2022

Paul Harrison

Thursday March 24th, 2022

The US$ strengthens, oil prices are flat, equity markets are mixed, while US yields firm ahead of US Jobs data and more FOMC members speak. Equity & oil markets pare gains, US$ firms as investors weigh the risk of rising inflation, the impact of the war in Ukraine and increasing hawkish fed comm...

Published On - March 23, 2022

Paul Harrison

Wednesday March 23rd, 2022

The US$ firms, oil prices extend gains, while equity markets and US yields are mixed ahead of Fed Chairs Powell’s speech. Markets remain relatively quiet ahead of Fed Chair’s Powell’s & BoE’s Governor Bailey Speech, and US New Homes Sales data. President Biden heads to Europe today for a...

Published On - March 22, 2022

Paul Harrison

Tuesday March 22nd, 2022

The US$ firms, oil prices slide, equity markets and US yields are up following Fed Chairs hawkish comments. Fed Chair Powell on Monday signaled the central bank will take more aggressive measures to clamp down on inflation. Powell said the Fed is prepared to raise interest rates by 50 bp’s at the ...

Published On - March 21, 2022

Paul Harrison

Monday March 21st, 2022

The US$ is flat, oil prices strengthen, while equity markets and US futures are firm amid easing risk-off trades and the US$ steadies. The Ukraine war enters its 4th week, Mariupol refuses the Russian ultimatum to lay down their arms and leave the city. The EU foreign ministers are now considering n...

Published On - March 18, 2022

Paul Harrison

Friday March 18th, 2022

The US$ rebounds, oil prices firm, equity markets are mixed while US yields are down as risk sentiment eases as Russia-Ukraine talks stall. Kremlin reports President Putin told Chancellor Scholz that the Ukraine is trying to stall talks. Russian missiles strike near Lviv as Russia tries to regain th...