of Russian gas through the Gas Transmission System (GTS) of Ukraine has not
been disrupted despite war actions across almost the entire Ukrainian
territory, according to the Gas Transmission System Operator of Ukraine. Gas
supplies are continuing to be carried out as normal in line with the existing reserved
amount held by European clients. Russia’s energy corporation Gazprom pumped 107
million cubic m of gas via Ukrainian GTS on February 27. This amount has been confirmed
by both the Ukrainian side and Gazprom.
nickel prices have been posting new records “nickeling” themselves from
possible “corrosion” or decline. Prices of this metal surged to a record high
in a decade above $25,000 per tonne. The rally continued on Tuesday after the trading
session opened with a gap of $25,370 per tonne.
market-driven, and political factors are also pushing prices to the top.
evasion has clearly been seen at the beginning of the week and this has led to a
strong rally in gold prices as gold is a traditional safe haven asset. Gold
prices jumped from $1852 per troy ounce to $1876 this Monday. On Tuesday
morning prices were even higher as they reached $1882 per ounce and scaled back
to $1850 later in the day.
uncertainty around a possible war between Russia and Ukraine is pushing gold
prices up, as well as the Russia confrontation with the West world in general.
prices on the London Metal Exchange (LME) are little changed in February and
are within the narrow range of $9700-9835 per tonne. This week prices fell
slightly to $9720. Copper demonstrates little volatility even though it is a
non-ferrous metal that usually performs high volatility.
this reflects a strong counteraction of various factors, not a sluggish market for
copper. Copper is used widely in electronics, construction, instrumentation
engineering, the chemical and pharmaceutical industry, consumer staples and
of Aluminium on the London Metal Exchange (LME) rose above $3,100 per tonne at
the end of January 2022. Aluminium gained more than 60% last year from $1960
per tonne in January 2021 and its price rose by 11% in the month of January
alone, closing in on all-time highs.
February the metal’s price rolled back to $3000. Is it a downside trend or just
a correction? The fundamental reasons behind this downfall may be explained below.
prices have been experiencing significant volatility over the last couple of
weeks. They rose by 17% from $20,450 on January 10 to over $24,000 on January
21 for a standard 1.5-ton contract. This is the highest price recorded since
nickel prices dropped by 7% to $22,400 on a single day. This happened on
January 24 and prices continued to decline at the opening on January 25 towards
$22,130 and a marginal recovery to $22,450 on Tuesday afternoon.
In order to
understand the movement of EURUSD it is important to look at the inflation
rates in both the United States and in Europe. The Consumer price index (CPI) data
released for the Eurozone on Thursday also provides important economic input for
the movement of the currency pair to be explained.
The CPI for
Europe rose moderately in December to 5.0% year-on-year from 4.9% in November
compared to 7% in the United States for the same period. These figures show
that the pace at which prices rose in Europe was not so steep as in the U.S.
stocks are seen to be regaining their positions as one of the leading assets in
the tech sector this January. For the moment, the stocks – which make up one
fifth of FAANG - seem to have the
potential to face a mid-term upside.
Amazon has a largely
diversified business model which reaches far beyond its original e-commerce
profile. As Amazon holds 40%
of the e-commerce sector in revenue, this could look like a good launch pad for
a possible stock price take off as people became used to such ways of shopping
Dollar has been vulnerable to investors’ mood swings over the last few days.
The U.S. Dollar index (DXY) was breaking the limits in the beginning of the
week, but lost ground at 96.7 points as omicron-variant risks appeared to be milder
than previously expected.
The DXY index
fell to 96 points on Thursday despite positive developments in the U.S. economy
that grew by 2.3% year-on-year in Q3 2021 vs the expected 2.1%. Consumer
confidence in December rose to 115.8 points vs the expected 110.8 points and
the previous 111.9 points.
of meetings of the major central bankers this week marked the end of the ultra-low
monetary policy. However, even after the U.S. Federal Reserve (Fed) had made a
decision to accelerate tapering, few had expected the Bank of England (BoE) to
be more insolent. The U.S. watchdog increased tapering from $15 billion to $30
billion amid the sky-high inflation rate of 6.8% that has not been seen since
1982. The interest rate in the United States is expected to be raised in 2022.
inflation in the United Kingdom hit 5.