Oil consolidates after impressive gains

By: Miguel A. Rodriguez

11:05, 23 March 2022

Possibility of 50 basis point Fed hike pushes yen and euro down
  • #Oil futures traded slightly lower, easing back after a more than 7% climb a day earlier, as investors gauge the prospect of a European Union ban on #Russian crude imports
  • The #dollar rose as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the 120 level as the Bank of Japan reconfirmed ultra-loose monetary policy
  • After a surprise departure from Andreessen Horowitz, #crypto investor Katie Haun has raised $1.5 billion for her new firm, Haun Ventures
  • #BTCUSD skyrocketed 3.9%
  • #WTIUSD dove 2.6%
  • #XAUUSD dropped 0.7%

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.