SCOFIELD!® Profile picture
Mar 22 4 tweets 1 min read
Oil soars to above US$110/bbl
The war in Ukraine rages on
The rand remains robustly below the 15 level to the greenback, but concerns that the Fed could move more strongly at future meetings could be driving it weaker
The rand is likely to respond to the SARB’s March interest rate announcement, scheduled to be delivered on Thursday afternoon, where the decision and tone of the statement will be equally important.

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More from @Scofield_Fx

Mar 23
Sanctioned Russian oligarchs are getting serenaded by the world’s smallest violin as the EU, UK, and US band together to seize their assets. #RussiaInvadedUkraine
In his State of the Union earlier this month, President Biden promised oligarchs that the West would “seize your yachts, your luxury apartments, your private jets". #RussiaInvadedUkraine
And so far…

Superyachts owned by Russia’s business elites have been impounded in Italy, France, Spain, and the UK territory of Gibraltar. #RussiaInvadedUkraine
Read 15 tweets
Mar 23
What to watch today

UK CPI (y/y)
UK Retail Price Index
SA CPI
US MBA Mortgage Applications
US New Home Sales
EC Consumer Confidence
President Joe Biden will be in Europe from today to meet with the US’ NATO partners, attend a European Council meeting and participate in a G7 Summit
Oil prices remain elevated as supply to a Russian Black Sea port is throttled significantly in response to storm damage.
Read 6 tweets
Mar 21
The war is headed towards gridlock #RussianUkrainianWar
The viral images of Russian tanks stuck in mud is a fitting metaphor for how the country’s invasion in Ukraine is going. #UkraineUnderAttaсk
More than three weeks in, this conflict is likely headed for a stalemate, according to new analysis from the Institute for the Study of War (ISW). #RussianUkrainianWar
Read 12 tweets

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