Crude oil fell 4% last week on the U.S. supply glut and on rate hike fears
Brent and WTI crude oil prices closed lower by about 4% last week to $83/b and $76,50/b respectively, on concerns over a U. S oil supply glut, hawkish Fed commentary, and stronger dollar despite optimism over China’s fuel demand recovery, and Russian output cuts.
Gold and Silver sink to multi-week lows on higher rate expectations
Gold and Silver have been suffering declines this week as the persistently high inflation metrics, the hawkish comments by policymakers, and expectations for higher rate hikes have pushed bond yields and the greenback to yearly highs.
U.S. stocks advance on robust retail sales and inflation data
U.S. stock markets extended recent gains on Thursday morning driven by the better-than-expected retail sales and inflation data for January, which indicates strength in the U.S. economy and consumer spending.
Brent crude rises to $86/b as traders weigh SPR sales and Russian output cut
Both Brent and WTI crude oil prices trade to near monthly highs of $86/b and $80/b respectively, as energy traders weighed the impact of Friday’s 500,000 bpd Russian output cut decision together with the U.S. administration’s announcement to release further crude oil from its Strategic Petroleum Reserve (SPR).
U.S. dollar rises across the board ahead of key CPI inflation data
The U.S. dollar has posted a significant rebound across the board since February 01, 2023, gaining support from the stronger-than-expected U.S. macroeconomic data, the hawkish messages by the policymakers ahead of the key U.S. CPI- consumer inflation data due on Tuesday that might give more clarity over the Fed’s rate hike intentions.
U.S. dollar rebounds after a hot U.S. NFP employment data
A risk-off mood dominates financial markets on the first trading day of the week, with the U.S. dollar rebounding across the board, while the risk-sensitive currencies
DISCLAIMER AND TERMS & CONDITIONS
The information contained within this Website is provided for reference purposes only and is strictly addressed to Professional and/or Well-Informed investors. Nothing herein is intended to be construed as an offer, invitation or inducement to engage in investment activity, or investment advice or recommendation, in relation to the shares of EXCAPRIME RAIF V.C.I.C. PLC and should not be relied upon as such by any person.
EXCAPRIME RAIF V.C.I.C. PLC was established in Cyprus on 21/05/2020 as a public company limited by shares incorporated under the Companies Law, Cap.113 with registration number HE 409449. The Fund was registered by its External Manager (“Fortified Capital Ltd”) in the Cyprus Securities and Exchange Commission RAIF Register (CySEC Registration Number: RAIF37) to operate as a Registered Alternative Investment Fund (“RAIF”) as an open-ended umbrella investment company of variable capital in accordance with PART VIII of the Alternative Investment Funds Law 124(I)/2018 and is indirectly regulated by the Cyprus Securities and Exchange Commission through its External Manager. The Fund has not received an authorisation licence from the Cyprus Securities and Exchange Commission.
Risk Disclaimer: Trading foreign exchange and other instruments related to Underlying Assets carry a high degree of risk on your invested capital and it is possible to lose more than your initial investment. Historical performance of an investment is not necessarily a guide to future performance. You should not get engaged in any trading activity unless you understand the nature of such transactions and the true extent of your exposure to the risk of loss.
© EXCA PRIME FUND 2022