Market Overview - Page 112

Oil and gas remain hot topics in the markets. Although these energy prices have corrected from their recent highs, the uptrend promised to be with us if there are no signs of de-escalation in Ukraine. Moreover, high energy prices are.

The number of initial jobless claims in the US collapsed to 187K last week, the lowest since 1969. Before the pandemic, the number was hovering around 220K, and we saw a complete recovery to these levels in the previous four.

The collapse of the Japanese yen continues, and so far, there are no signs of a trend reversal. The rise in the Yen is often linked to capital flight from risky assets, and the weakening is a sign of increased.

The Russian rubles adds more than 3% to the dollar, trading around 100 on news that “so-called unfriendly countries” will have to pay for gas in rubles. Impulsively (as the Russian currency market remains extremely illiquid), the USDRUB dropped below.

After the traditional January reset, UK consumer prices continued their flight. Morning data showed that CPI rose by 0.8% last month and 6.2% year-over-year. This data is 0.2 percentage points above market expectations, indicating that prices rise faster than initially.

The Japanese yen has fallen for the third week in a row, and the amplitude of this decline has become rather scary on Tuesday. It seems yen traders’ stop-lines have been blown as the markets have become increasingly aware of.

Since the start of the year, the performance of emerging market currencies mirrors what we saw last year, but with more polarisation. The Brazilian real has been the growth leader against the dollar since the start of the year, gaining.

Having added more than 8.2% to Tuesday’s lows last week through Friday, S&P500 futures have surpassed the 50-day moving average and are testing the 200-day average by the start of US trading. We mentioned last week that the “death cross”.

Gold has remained in a one-and-a-half per cent range since last Thursday. The correction from a peak of $2070 to values below $1900 caused a brief aftershock, but it was not sustained. Gold has now stabilised above the peaks of.

The Mexican dollar has added more than 4% over the last nine days against the US dollar. The upward momentum in this rally is followed by a brief correction but without any noticeable pullback. At first glance, this rally does.

The global equity market also continues to thaw after a pronounced decline since the start of the year. Initial reports of progress on the peace talks were later supported by indications that the US and China are looking to reduce.

The Bank of England raised the rate by 25 points to 0.75%. Such a move was, on average, predicted by market analysts. However, reports that one member of the Bank of England voted to maintain the rate was seen as.