Daily Market Commentary

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Thursday February 24th Morning Update

The US$ is higher, oil prices higher, equity markets lower and US yields lower. Russian forces invades Ukraine by land, air and sea. Russian missiles rained down on Ukrainian cities. Explosion heard in Kyiv. In response, NATO to beef up forces on its eastern flank, EU planning new sanctions against ...
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Wednesday February 23rd Morning Update

The US$ is lower, oil prices lower, equity markets lower while and US yields inches higher. After calling Russian moves an Invasion, the U.S. and allies step up sanctions pressure on Russia. The United States, the European Union, Britain, Australia, Canada and Japan responded with plans to target ba...
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Tuesday February 22nd Morning Update

The is US$ lower, oil prices higher, equity markets lower while and US yields remains unchanged. Market laser focused on the Russia/Ukraine situation. Russia recognized two breakaway regions in eastern Ukraine and ordered the deployment of troops drawing international condemnation. Journalist report...
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Friday February 18th, 2022

The US$ is steady, oil prices fall, while equity markets & US yields are mixed as Ukraine tensions continue to dominate markets. Amid US warnings that Russia is set to invade the Ukraine within days, Secretary of State Blinken & Russian Foreign Minister Lavrov have agreed to meet next week. ...
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Thursday February 17th, 2022

The US$ is steady, oil prices weaken, equity markets are mixed, while US yields are lower as risk-on sentiment eases. The market tone remains cautious with the West disputing Russian statements of troop pullback and claims of shelling in east Ukraine on Russian-backed rebels. Intraday Ukraine update...
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Wednesday February 16th, 2022

The US$ weakens, oil prices firm, equity markets & US yields are mixed as Russian-Ukraine tensions continue. A cautious tone remains in the markets as Investors weigh conflicting statements as Russian pull-out meets NATO skepticism, and the Ukraine defense website is still hacked. Intraday, alon...
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Tuesday February 15th, 2022

The US$ weakens, oil prices fall, equity markets & US yields firm as risk sentiment improves. Market sentiment improved on reports of a partial Russian withdrawal, Russia’s Foreign Minister Lavrov “troops partially returning as drills have completed”, Lavrov went on to say that they will c...
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Monday February 14th, 2022

The US$ firms, oil prices ease, equity markets fall, while US yields are mixed as risk sentiment sours. The US$, JPY & CHF strengthen in early trading as Investors remain cautious and continue to favour safe-haven currencies on fears that Russia is preparing to invade the Ukraine. The US says Ru...
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Friday February 11th, 2022

The US$ strengthens, oil prices firm, equity markets are down while US yields are mixed as risk sentiment eases. The US$ index strengthens to an 8-day high vs a basket of major currencies following Thursday’s CPI report showing US inflation spiked to 7.5% which rallied US yields and increased ...
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Thursday February 10th, 2022

The US$ is flat, oil prices firm, while equity markets and US yields are mixed heading into the US inflation report. The US inflation rate is expected to have accelerated at its fastest rate in 40 years with economists forecasting a 7.3% annual rise in CPI for January. A strong inflation number incr...
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