Daily Market Commentary

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Thursday April 7th, 2022

The US$ firms, oil prices strengthen, equity markets are mixed, while US treasury yields ease post the FOMC minutes. The FOMC minutes highlighted the preference for a 50bp increase and the Fed is planning to start reducing the balance sheet after the May meeting. The US$ Index tested a near 2-year h...
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Wednesday April 6th, 2022

The US$ steadies, oil prices are higher, equity markets are down, while US yields firm as the west prepares new Russian sanctions. The EU announced it will impose a ban on Russian coal imports and the US is expected to unveil additional sanctions which could include a ban on all new investments in R...
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Tuesday April 5th, 2022

The US$ is flat, oil prices firms, equity markets are mixed, while US yields rise as risk-on sentiment remains despite the prospect of more Russian sanctions. The west plans more sanctions after atrocities in Ukraine, while the US stops Russian US$ bond payments in a bid to raise pressure on Moscow....
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Monday April 4th, 2022

The US$ is steady, oil prices flat, while equity markets and US yields are higher with a positive shift in risk-sentiment. Over the weekend top Ukraine negotiator was optimistic on talks, while the Kremlin sees no breakthroughs as talks continue. Outrage grows over war crime reports in Ukraine, whil...
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April 1st Morning Update

The US$ up, oil prices slightly higher, equity markets are higher as well as US yields. The dollar extended a rebound ahead of Friday’s U.S. jobs number. Many feels that the Fed will use this report to decide if they will raise 50bps on May 5th. Putin signed an order setting a Friday deadline for ...
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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...
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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...
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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...
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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...
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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...
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