Gold price is posting strong gains in midday U.S. trading Wednesday, hitting 4 week highs. Buy stop orders were hit in the futures markets after key technical resistance levels were penetrated on the upside.A selloff in the U.S. dollar index today also worked in favor of the precious metal market …
Read More »Gold Prices Fall as U.S. Tariff Threats and Strong Payrolls Data Weigh on Sentiment
Gold prices slipped in Asian trade on Monday, pressured by a steady U.S. dollar and the ongoing unce…
Weekly market wrap: FOMC minutes are looming amid trade fears
Three things dictated price action in financial markets last week, including reaching a trade deal b…
EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Market Analysis
October, 2021
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14 October 2021 2:51 pm
German Economy Ministry: Significant GDP Increase is Likely in Q3
The German Economy Ministry said in its latest report that it expects a significant increase in the gross domestic product in the third quarter of this year, thanks to growth in the service sector. “Separately, the German economic institutes cut the 2021 growth forecast to 2.4% from the 3.7% previous …
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14 October 2021 2:26 pm
The Dollar Falls to Its Lowest Level in 9 Days
The dollar hit a 9-day low against major currencies, reversing its recent rally, while the British pound, Australian, and New Zealand dollars advanced. The dollar rose in September and since the beginning of October on expectations that the US central bank will tighten monetary policy faster than expected, but it …
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14 October 2021 1:27 pm
Japanese Stocks Rise, Following The Rise of The Nasdaq
Japanese shares rose at the close on Thursday, led by technology shares that followed the Nasdaq market’s gains, with Tokyo Electron, the largest source of the Nikkei’s rise. The Nikkei index rose 1.46 percent to close at 28,550.93 points, after falling for two consecutive sessions. The broader Topix index rose …
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14 October 2021 12:51 pm
Market Drivers – Asian Session 14/10/2021
The Nikkei 225 rose 1.46% to close at 28,551. The broader TOPIX index rose 0.67% on Thursday, as Japanese technology heavyweights carried the index higher and following dovish comments from a BoJ board member. Australian Bureau of Statistics data revealed that the labor market recorded a mixed performance during September, …
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14 October 2021 4:19 am
Market Drivers – U. S. Session 13-10-2021
Consumer Price Index data from the U. S. Labor Department and FOMC minutes represented the key market drivers on Wednesday. Inflation is still steering the both the U. S. economy and fiscal policy as prices continued their ascent in September. Social Security benefits will rise 5.9% in 2022, the highest …
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14 October 2021 3:07 am
Erdogan fired 3 fiscal policy committee members
Turkey’s President Tayyip Erdogan dismissed three central bank monetary policy committee members on Thursday. Erdogan appointed two new members in their place according to the Turkish Official Gazette, sending the lira to new record lows. Erdogan appointed Taha Cakmak as a deputy central bank governor and Yusuf Tuna as an …
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14 October 2021 2:56 am
REINZ: House values continue upward
Prices of residential property across New Zealand rose by 15.4% to $795,000 in September 2021 compared to $689,000 in September 2020, according to the latest data from the Real Estate Institute of New Zealand (REINZ).Seven out of 16 regions reached new record median prices, the most since April 2021. Nine …
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14 October 2021 2:14 am
AUD/USD holds second place on the lead
AUD/USD is second whereas the Canadian dollar holds first place on Wednesday in New York closing in the countdown just hours before Thursday’s Asian session’s key event that will reveal Australia’s jobs data for September.At the closing bell, AUD/USD was 0.45% higher on the day at 0.7380 after moving from …
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14 October 2021 1:56 am
Strong Exports in September Boosts China’s Economy
China’s yuan inched higher against the dollar on Wednesday, as investors digested upbeat exports data and shifted focus to whether the central bank would overturn maturing loans later this week.In the spot market, the onshore yuan opened at 6.4509 per dollar and touched 6.4449, before ending at 6.4452, 20 pips …
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14 October 2021 12:47 am
WTI oil breaks below $80.00 despite USD’s weakness
Western Texas Intermediate crude oil benchmark hardly progresses by 0.05%, it is trading at $79.94 during the New York session.The market sentiment improved through the U.S. session, as depicted by U. S. equity indexes rising between 0.01% and 0.65%. The U.S. dollar Index, which influences the price of crude oil, …
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14 October 2021 12:07 am
Declining yields incite USD selloff
The dollar sold off on Wednesday pushed lower by falling US Treasury yields. The market mood was depressing throughout most of the day.Yields were weaker ever since the day started, but accelerated their slump following the release of US inflation data. The September Consumer Price Index was upwardly revised to …
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13 October 2021 11:54 pm
Fed: Gradual taper could begin by mid-November
The Federal Reserve could begin reducing the pace of monthly asset purchases as soon as mid-November, according to minutes from the September meeting,The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasury bills and $5 billion in mortgage-backed securities.Officials at the meeting …
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