Daily Market Commentary

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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...
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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...
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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 ...
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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...
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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...
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Thursday March 17th, 2022

The US$ is weaker, oil prices rebound, equity markets are mixed while US yields down as the Kremlin dismisses talks progress. The Kremlin news says reports of major progress in Ukraine talks ‘wrong’ – Biden calling Putin war a criminal is “unforgivable” – Negotiation talks continue today...
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Wednesday March 16th, 2022

The US$ weakens, oil prices steady, equity markets rally, while US yields dip as risk sentiment rises. Risks flows dominated early trading as optimism remains for the Russia-Ukraine peace talks after Russian Foreign Minister Lavrov said peace talks with Ukraine were not easy but there was hope for c...
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Tuesday March 15th, 2022

The US$ is lower, oil prices tumble, while equity markets & US yields also decline as risk sentiment is dented. The US$ weakens for a 3rd day, oil tumbles to US$100pb, European shares fall 1% as the combination rising covid cases in China, the ongoing Ukraine war and concerns over the Fed raisin...
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Monday March 14, 2022

The US$ eases, oil prices are down, while equity markets & US yields firm as risk appetite increases. Optimism on Russia-Ukraine negotiations with talks to resume today after both sides reported rare progress over the weekend despite fierce Russian bombardments on Kyiv. This week, markets will r...
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Friday March 11th, 2022

The US$ steadies, oil prices are firm, equity markets are up, while US yields mixed as markets remain on edge monitoring Ukraine updates. In early breaking news President Putin says certain positive shifts in talks with Ukraine (IFX), futures turned positive & US$ eased as markets look for more ...
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