Gold, erasing yesterday’s gains touching 1767.27, is losing 0.31%. Gold is trading at $1,757.44 during the New York session.The XAU/USD price action in the last week has been dull. The yellow metal keeps trading within the $1,745 – $1,769 range, with no intention of going beyond the traditional territory.The market …
Read More »Oil Prices Surge as Israel Strikes Iran
Oil prices surged in Asian trading on Friday after Israel launched a major pre-emptive strike on Ira…
Euro Soars to Near Three-Year High as PPI Data and Trump’s Tariffs Sink US Dollar
The Euro surged against the US Dollar for the second consecutive day, nearing a three-year high, as …
Why Do U.S. Bond Yields Keep Declining?
U.S. bond yields experienced a significant setback on Thursday following the release of producer pri…
Silver Surges Above $36 as US Dollar Hits Three-Year Low
Silver (XAG/USD) has staged a strong recovery, climbing past $36.00 after hitting a five-day low of …
US Stocks Defy Geopolitical Tensions as Producer Prices Ease
US stock markets climbed on Thursday, shrugging off geopolitical uncertainties as softer-than-expect…
Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Soft PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, th…
Trump’s Shadow Looms Over Tesla’s Robotaxi Launch
Tesla’s robotaxi service, slated for a late June 2025 debut in Austin, Texas, promises to reshape ur…
U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by…
Market Analysis
October, 2021
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7 October 2021 11:00 pm
Tiff Macklem warns of pressures from stimulus withdrawal
Bank of Canada Governor, Tiff Macklem, said Thursday that Canada’s high inflation rate is largely related to the unique circumstances of the Covid-19 pandemic, although there is a risk it could be more persistent than policy makers had expected.Speaking virtually before the Council on Foreign Relations, in Washington, Macklem said …
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7 October 2021 10:46 pm
Lane: ECB is far from inflation red zone
European Central Bank Chief Economist Philip Lane pushed back against warnings over accelerating inflation, saying there’s “very solid evidence” to believe that the current spike won’t last. “The red zone for everyone is if inflation became persistent at a number that’s immoderately above the inflation target,” Lane said on Thursday.“That’s …
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7 October 2021 9:53 pm
Senate rushes to $480 billion debt limit top-up
The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all …
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7 October 2021 9:32 pm
U. S. stocks surge as concerns over debt ceiling ease
All 11 major S&P 500 sectors have risen including Dow Jones by 1.49%, S&P by 1.41%, and Nasdaq 1.68%.U.S. stocks climbed on Thursday led by technology stocks, after a temporary bipartisan truce in the debt ceiling deadlock relieving concerns of a possible government debt default.The compromise has contributed an ease …
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7 October 2021 9:14 pm
US senators agree to extend debt ceiling to avoid default
U. S. Senators have agreed to extend the debt ceiling, less than two weeks before it was due to be reached. There were fears that the U. S. would default on its national debt, with catastrophic financial implications.Senate Majority leader Chuck Schumer said Congress had reached a deal to extend …
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7 October 2021 9:04 pm
Vicious circle of debt biggest problem ahead U. S. economy
U. S. Treasury Secretary Janet Yellen warned U. S. lawmakers that the federal government may run out of cash by 18 October, unless the US Congress suspends debt limits. Some politicians speculated that one potential way out is to mint a $1 trillion platinum coin and then deposit it with …
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7 October 2021 8:46 pm
EIA’s Weekly Natural Gas Storage Report Released
Working gas in storage was 3,288 Bcf as of Friday, October 1, 2021, according to EIA estimates. This represents a net increase of 118 Bcf from the previous week. Stocks were 532 Bcf less than last year at this time and 176 Bcf below the five year average of 3,464 …
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7 October 2021 8:32 pm
Senate rushes to $480 billion debt limit top-up
The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all …
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7 October 2021 8:04 pm
U.S. jobless claims sink 38,000 signaling improved labor market
326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month signaling improvement in the U.S. labor market. The U. S. dollar hardly moved against a basket of currencies on Thursday, as investors await the release of U.S. labor market …
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7 October 2021 7:41 pm
U. S. unemployment claims fall after a month
4.2 million Americans still receive benefits. New jobless claims have fallen for the first time in nearly one month, according to new data released Thursday, offering some break to the U. S. economy after previous worrisome data.About 326,000 people filed initial jobless claims in the week ending on 2 October …
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7 October 2021 6:10 pm
US September Nonfarm Payrolls Preview
The US Bureau of Labor Statistics will release the September jobs report on October 8. Following a disappointing increase of 235,000 in August, investors expect Nonfarm Payrolls to rebound and rise by 488,000 in September. Will the US nonfarm payrolls report be the green signal for the Federal Reserve to …
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7 October 2021 4:54 pm
US: Weekly Initial Jobless Claims Decline to 326K
There were 326,000 initial claims for unemployment benefits in the US during the week ending October 2, the data published by the US Department of Labor (DOL) revealed on Thursday. experts’ estimates agreed that US unemployment claims are expected to reach 348,000, and these numbers are positive. Yesterday, the ADP …
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