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Market Analysis

September, 2021

  • 17 September 2021 3:44 pm

    Oil Settles Above $75 After Slow Return of US Supplies

    Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

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  • 17 September 2021 2:48 pm

    European Shares on Track For Weekly Gains

    European shares rose on Friday, September 17, heading for weekly gains, as news that Britain is considering easing travel restrictions boosted shares of airlines and hotel groups, and a rebound in luxury goods stocks supported major indexes. By 0711 GMT, the pan-European Stoxx 600 index increased 0.7%, on track to …

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  • 17 September 2021 1:52 pm

    Eurozone CPI Matching The Estimate

    According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.       

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  • 17 September 2021 1:14 pm

    UK Retail Sales Unexpectedly Fall in August

    British retail sales volumes fell unexpectedly last month, official data showed on Friday, the longest streak of declines since records began, although sales volumes are still above pre-pandemic levels. The Office for National Statistics said sales fell 0.9 percent month-on-month in August, compared to the median forecast of economists in …

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  • 17 September 2021 12:31 pm

    Japan Shares Close With Gains For The Fourth Consecutive Week

    Japan

    Japanese stocks closed higher on Friday, September 17th, posting gains for the fourth consecutive week, as chip heavyweights jumped and some investors contributed to the latest gains. Hopes for new political leadership, an increase in COVID-19 vaccinations, and a decline in infections rose to the Nikkei index by an average …

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  • 17 September 2021 4:39 am

    CAD disappointed by poor employment data

    GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …

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  • 17 September 2021 4:37 am

    Why is Chinese Evergrande close to collapse?

    China

    Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …

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  • 17 September 2021 4:36 am

    Crude oil pulls back slightly

    US Oil (

    The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …

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  • 17 September 2021 1:35 am

    QE measures guide EUR/USD latest action

    Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …

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  • 17 September 2021 1:29 am

    Canadian Stocks Fall on Drop in Commodity Shares

    The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …

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  • 16 September 2021 10:45 pm

    US Dollar Spiked Up to a Fresh September High

    USD

    The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …

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  • 16 September 2021 8:44 pm

    Wall Street Turns Red after a New Jump in U. S. Jobless Claims

    Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …

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  • 16 September 2021 6:19 pm

    U.S. Major Indexes Trading Mixed after U.S. Macro Data

    US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …

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