Gold prices rose above the psychologically important level of 1,800 dollars on Friday, supported by demand for safe havens and the decline of the dollar, before a speech by the President of the US Central Bank will be examined for indications of reducing stimulus. Spot gold rose 0.6% to $1,802.39 …
Read More »Market Drivers – US Session: FOMC, BoJ In Focus
The forex market finds itself amidst a confluence of factors, creating a landscape of heightened unc…
Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
FOMC Decision Preview: Sailing Amid Uncertain Economic Circumstances
Fed Holds Steady, Eyes Trade Winds The Federal Open Market Committee concluded its two-day meeting a…
Global Oil Prices Lose 1% As Ukraine Developments Offset Middle East Impact
Amid geopolitical tensions and economic shifts, the global oil prices experienced a downturn on Tues…
Tariff Tango Continues: Eurozone Trade Sees Slight Surplus Boost Amidst Uncertainty
The Eurozone’s trade landscape presented a mixed picture in January, with a slight widening of…
Canada’s Inflation Rises to 2.6% in February, Exceeding Expectations
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the e…
Oil Prices Climb on Middle East Tensions and China’s Stimulus Plans
Oil prices surged over 1% on Tuesday, reaching their highest levels since early March, as geopolitic…
European Markets Inch Higher Ahead of German Debt Vote and Trump-Putin Talks
European stock markets edged higher on Tuesday as investors focused on a pivotal vote in the German …
Bitcoin Drops as Traders Await Federal Reserve Decision
Bitcoin fell on Tuesday, extending its cautious performance from the previous session, as investors …
Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Market Analysis
August, 2021
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27 August 2021 2:47 pm
Gold Rises Above $ 1800 Due to The Decline in The Dollar And Demand For Safe Havens
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27 August 2021 1:16 pm
Powell’s Jackson Hole Speech: Powell Unlikely to Fire Starting Pistol For Tapering
The Kansas City Fed announced it would host its 2021 Economic Policy Symposium, “Macroeconomic Policy in an Uneven Economy,” virtually on Friday, Aug. 27. The Federal Reserve Bank of Kansas City’s Economic Policy Symposium in Jackson Hole, Wyo., is one of the longest-standing central banking conferences in the world. The …
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27 August 2021 12:51 pm
European Shares Decline Ahead of a Speech by The President of The US Federal Reserve
European shares fell ahead of a speech due to be delivered by Federal Reserve Chairman Jerome Powell. The pan-European STOXX 600 index fell 0.2% in early trading, with the travel and leisure and banking sectors leading the declines, after they achieved gains for most of the week. Investors are focused …
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27 August 2021 12:18 pm
Warnings of Storm Ida and some oil Producer Stop Their Business
Tropical Storm Ida formed in the Caribbean Sea and is expected to threaten the northern Gulf Coast of the United States as a major hurricane by the end of this week, the US National Hurricane Center (NHC) said, adding that there is a possibility of hurricane-force winds, heavy rain and …
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27 August 2021 11:25 am
Nikkei Trails Wall Street Lower With Caution
Japan’s Nikkei index fell on Friday, in line with Wall Street’s decline Thursday night, on caution about the prospects of an earlier-than-expected reduction in the US Federal Reserve’s stimulus. The Nikkei fell 0.36% to close at 27651.51 points, but it moved away from the low level it had recorded in …
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27 August 2021 10:31 am
Oil Gains Halts Due to Increase in Covid-19 And Return of Mexican Supplies
Oil settled lower on Thursday, August 26, halting a three-day streak of gains amid renewed demand concerns due to rising coronavirus cases and with Mexico restoring some production after a fire disrupted supplies. The losses were limited due to the possibility of further disruptions to the supply side. Energy companies …
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27 August 2021 6:54 am
Wall Street Down Ahead of Powell’s Anticipated Speech
The benchmark indices of the New York Stock Exchange (NYSE) closed lower on Thursday, as Wall Street was impacted by the decline in risk appetite, ahead of a speech by the Federal Reserve Chairman Jerome Powell at the Jackson Hole economic symposium. This ended five and four consecutive sessions of …
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27 August 2021 2:58 am
Gold Rises Amid Weaker Risk Appetite
Gold prices rose on Thursday, because of the higher demand for safe-haven assets with a slump in risk appetite, as investors anticipate the upcoming speech by the U.S. Federal Reserve Chair Jerome Powell in an economic forum on Friday. The front-month gold futures added $4, or 0.22%, to finish at …
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27 August 2021 2:38 am
GBP/USD Sees Worst Daily Loss in Week
The British Pound (GBP) fell against the U.S. Dollar (USD) as the greenback rose across the board for the first time in five sessions. The Sterling registering its biggest loss to the USD since August 19. The GBP/USD pair declined by 0.47% to the level of 1.3699. The pair has …
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27 August 2021 2:23 am
European Stocks Finish Lower Following ECB’s Meeting Accounts
European stocks declined on Thursday, with investors anticipating more signs of recovery amid fears over the spread of the Coronavirus Delta variant. Earlier today, the European Central Bank’s meeting accounts showed a debate among board members about the forward guidance on interest rates. Similar to what we are expecting from …
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27 August 2021 1:25 am
Fed’s Kaplan Preparing Markets for Tapering Decision in September
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, believes that U.S. central bank should take the decision on tapering next month. Kaplan’s remarks to CNBC came a day before the highly anticipated speech by the Federal Reserve Chairman, Jerome Powell, to the Jackson Hole economic conference. Kaplan …
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26 August 2021 10:53 pm
USD Rises for First Time in Five Sessions Ahead of Jackson Hole Event
The U.S. Dollar (USD) is close to registering its first rise this week, following four consecutive daily losses, with most investors turning their focus to tomorrow’s remarks by the Federal Reserve Chairman Jerome Powell in front of the Jackson Hole Economic Symposium. Earlier today, the United States Bureau of Economic …
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26 August 2021 8:08 pm
Tenth District Manufacturing Activity Index Falls in August
The Kansas Fed Manufacturing Activity declined in August to a reading of 29 from 30 in July. Despite the decrease, the index remained higher than market expectations. The production index dropped to 22 from 41, while the volume of shipments index decreased to 25 from 37 in July. Meanwhile, the …
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