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Market Analysis

September, 2021

  • 7 September 2021 11:07 am

    Gold Near Its Highest Level in More Than Two Months

    Gold prices fell on Monday as the dollar rose, but renewed bets that the US Federal Reserve may slowly reduce its stimulus program to support the economy kept the precious metal near its highest level in two and a half months. And gold for immediate selling ended the trading session …

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  • 7 September 2021 10:38 am

    Nikkei Rises 0.76% at The Beginning of Trading in Tokyo

    The Nikkei average rose in early trading on the Tokyo Stock Exchange on Tuesday. The Nikkei rose 0.76 percent to 2,9883.92 points, while the broader Topix index rose 0.75 percent to 2056.45 points.

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  • 7 September 2021 5:07 am

    Brent Finishes Lower Amid Lower Prices and OPEC Move

    Oil prices declined on Monday, with markets digesting the recent decision by the OPEC+ plus, following disruptions in North American due to Hurricane Ida and concerns over the pandemic. Brent Crude futures for November delivery closed down by 39 cents or 0.54% at $72.22 per barrel. This is the second …

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  • 7 September 2021 5:01 am

    GBP/USD Declines amid Thin Trade

    The British Pound (GBP) fell on Monday against the U.S. Dollar by 0.14%, as the greenback strengthened across the board, amid thin trade with the Labor Day holiday in North America. The GBP/USD pair declined by 0.14% to 1.3838, snapping a three-session rising streak and logging its biggest drop since …

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  • 7 September 2021 4:54 am

    Euro/USD Declines after Six Consecutive Rises

    Eurozone

    The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), registering its first loss in seven sessions. The EUR/USD pair slipped by 0.06% to reach 1.1872, maintaining the 1.870 level, but remaining lower year to date by about 2.82%. This was the first and largest loss for the …

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  • 7 September 2021 4:47 am

    USD Snaps Four-Session Decline with Marginal Rise

    The U.S. Dollar (USD) traded marginally higher on Monday, with thin trade volumes attributed to the federal holiday commemorating Labor Day. The greenback rose by about 0.10% against major currencies, snapping a four-day declining streak and recording its largest rise since August 26. Last week, markets were surprised by a …

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  • 7 September 2021 4:12 am

    Goldman Sachs Planning IPO in London

    Goldman Sachs is planning to list its alternative asset management arm, Petershill Partners, on the London Stock Exchange (LSE). The investment bank announced on Monday that would raise at least $750 million in the IPO. Media reports pointed to plans targeting $5 billion, according to Dow Jones. Petershill Partners and …

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  • 7 September 2021 4:07 am

    U.S. Stock Futures Show Wall Street on Track for Another Rise

    The New York Stock Exchange (NYSE) could be rising to new record highs, as evident by today’s rise of the U.S. stock futures on Monday, with the futures on the S&P 500 rising by 0.3%. In addition, most stock markets performed positively today, signaling that Wall Street might be up …

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  • 6 September 2021 10:46 pm

    U.S. Markets Shut Down for Labor Day

    Markets across the United States are closed today in celebration of Labor Day. The long weekend, observed on the first Monday in September, celebrates workers and the labor movement in the U.S. The first Labor Day was celebrated in the U.S. back in 1882 in New York. Nearly two decades …

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  • 6 September 2021 10:37 pm

    European Stocks Begin Week with Positive Performance

    European stocks rose on Monday, opening the week with a positive performance after registering their best monthly performance since May last month. The STOXX Europe 600 index added 3.26 points or 0.69% today to close at 475.19 points, logging its second-highest closing level of all time. France’s CAC40 index finished …

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  • 6 September 2021 3:51 pm

    Reuters: Bank of Canada Expected to Raise Rates to in Q4

    All 34 economists that took part in a recently conducted Reuters poll said that they expect the Bank of Canada to leave its policy rate unchanged at the September 8 meeting. Further details of the survey revealed that the median view was for the BoC to raise its policy rate …

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  • 6 September 2021 2:46 pm

    Currencies Overview: The US Dollar Recovers From Its Losses

    The dollar rose in early European trade on Monday, but remained near a one-month low, as Friday’s disappointing jobs report dampened expectations of an early tapering. At 9:04 am GMT, the DXY dollar index, which measures the greenback against a basket of six other currencies, rose 0.15% to 92.25 points, …

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  • 6 September 2021 1:25 pm

    Eurozone Investor Sentiment Deteriorates in September

    Monday’s survey revealed that investor sentiment in the eurozone fell further in September, driven by another sharp drop in expectations on concerns that new COVID-19 restrictions may slow business activities. The Sentix index for the eurozone fell to 19.6 points from 22.2 points in August. This is the lowest reading …

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