The Bank of Canada is expected to keep the major part of focused spotlight on inflation at its policy decision, as the country’s central bank is about to encounter an aggressive campaign in favour of interest rate hikes. Policy makers led by Governor Tiff Macklem are unlikely to raise their …
Read More »USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Bulgaria and Ukraine: Eurozone Ambitions and Economic Alignment
Bulgaria’s path to euro adoption, scheduled for January 2026, and Ukraine’s pursuit of EU integratio…
Will the ECB Cut Rates Again? More About Opportunities, Challenges for the Eurozone
The European Central Bank (ECB) is poised to reduce its deposit rate by 0.25 percentage points to 2%…
China and EU Push For Fresh Trade Talks In July
China and the European Union have scheduled urgent trade negotiations to address escalating economic…
Market Analysis
December, 2021
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7 December 2021 9:40 pm
Oil Surges, EIA Raises 2022 World Oil Demand Growth Forecast
In its monthly Short Term Energy Outlook (STEO) report, the US Energy Information Administration has raised its forecast for 2022 world oil demand growth by 200000 barrels per day (BPD).This data was released on Tuesday, and now demand growing 3.55M BPD YoY next year. The EIA STEO cut its forecast …
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7 December 2021 9:24 pm
White House Expects Economy To Power Through Omicron
White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …
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7 December 2021 8:30 pm
Economic Optimism Recovers From Covid-Era
Optimism about the U.S. economy registered its biggest bounce in more than a year in December, after sinking to COVID-era lows a month earlier.The IBD/TIPP Economic Optimism Index, an early monthly read on consumer confidence, jumped 4.5 points to 48.4. Still, the index remained in modestly pessimistic territory. Readings above …
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7 December 2021 7:55 pm
Dow Jones Pushed Higher By Tech Shares
The Dow Jones Industrial Average rallied 400 points early Tuesday, as the stock market began to add to Monday’s strong gains. Traders and investors suggest that Monday marked Day 1 of a new rally attempt on the Nasdaq.Apple has touched fresh highs, while Tesla stock rebounded from a critical support …
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7 December 2021 7:37 pm
NZD/USD Posts Gains as Omicron’s Fears Retreat
After touching one-year low on Monday, the NZD/USD achieved a notable comeback on Tuesday during the New York trading session.The pair is trading now around 0.6772. The market sentiment is positive, as can be concluded by a quick look at the performance of the global shares markets, which are reaping …
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7 December 2021 7:26 pm
Canada’s Ivey PMI remains Steady in November
Ivey PMI, which is released by the Richard Ivey School of Business on a monthly basis and depicts the business conditions outlook in Canada, has remained at 61.2 in November after also posting the same reading 61.2 in October.As with other PMI indicators, a result above 50 is generally associated …
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7 December 2021 6:50 pm
Banks Raise Concerns Over US Inflation
Officials from some US banks on Tuesday said that there are real concerns about the impact of higher inflation, adding pressure on the Federal Reserve to implement plans to slow down the pace of its tapering at a faster pace.The International Monetary Fund last week warned of intensifying inflationary pressures, …
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7 December 2021 6:36 pm
Market Drivers – European Session 07-12-2021
Markets calm as fears of new coronavirus mutant, Omicron. Today, Japanese Finance Minister Shunichi Suzuki said that the Japanese government will stick to its goal of achieving a primary budget surplus by the fiscal year 2025 in Japan. Shunichi Suzuki stressed that the Japanese government is not considering setting a …
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7 December 2021 5:20 pm
US: Goods And Services Trade Deficit Shrinks in October
The US goods and services trade deficit shrank to $67.1B in October from $81.4B in September, the US Census Bureau reported on Tuesday. That was larger than the expected trade deficit on the month of $66.8B. Monthly imports rose to $290.70B from $288.20B in September, whilst monthly exports surged to …
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7 December 2021 4:26 pm
Canada: International Trade Surplus Expands to C$2.09B VS. C$2.00B Expected
Canada’s merchandise trade surplus with the world widened to C$2.09 billion in October from C$1.42 billion in September, monthly data published by Statistics Canada revealed on Tuesday. This reading beat market expectations for a surplus of C$2.00 billion.
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7 December 2021 3:35 pm
Bitcoin Continues to Decline More Than 3%
Bitcoin continued its decline after a strong decline on Saturday and fell on Monday by more than 3% to settle around $47,700 levels. Bitcoin lost about a fifth of its value during trading on Saturday, and some attributed this strong decline to profit-taking and global fears, but then managed to …
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7 December 2021 2:49 pm
Gold Rises With The Decline of The Dollar
Gold futures traded modestly lower on Monday, as a pickup in Treasury yields and the US dollar helped to dull appetite Gold prices rose Tuesday, December 7th, supported by the dollar’s decline, but rising US Treasury yields and fears that the US Federal Reserve would tighten monetary policy more than …
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