Unprecedented intervention

By: Miguel A. Rodriguez

10:52, 04 April 2022

UK manufacturing growth hits 13-month low in March
  • US will draw down 180 million barrels over six months, in unprecedented government intervention in oil markets following Russia’s invasion of Ukraine. Crude prices fell about 4% on the news
  • British manufacturing expanded in March at the weakest pace in 13 months and price pressures, which had previously shown some signs of moderating, worsened, a survey showed
  • The dollar extended a rebound versus major peers, also resuming its rally against the yen, ahead of a key US jobs report that could cement the potential for a 50 basis-point Federal Reserve interest rate hike
  • WTI/USD dove 5.9%
  • BTC/USD plummeted 2.9%
  • XAU/USD gained 0.5%


Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.