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Inflation in the United States will decline by the end of 2021 to near 2%, the U.S. Secretary of the Treasury, Janet Yellen, said on Wednesday. Speaking in front of a Senate committee, Yellen told lawmakers that economic recovery is on a bumpy path. She believes the recent surge in …
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13 February, 2025 1:21 am
Is Bitcoin’s Rebound A Sign of Shifting Tides?
Bitcoin’s recent price action has sparked considerable interest, particularly its swift recove…
13 February, 2025 12:31 am
Gold’s Wild Week: XAU/USD recovers 0.20% after diving on hot CPI report
Gold prices recovered 0.20% and are trading at $2,902 per ounce after having experienced a tumultuou…
12 February, 2025 11:14 pm
Wall Street’s Latest Earnings Season: A Story of Two Realities
US companies have delivered a robust earnings season, exceeding expectations and demonstrating signi…
12 February, 2025 10:22 pm
Rate Cuts Sharply Dimmed Following Hot CPI Report, Powell’s Hawkish Rhetoric
Expectations for Federal Reserve interest rate cuts have taken a significant hit following the relea…
12 February, 2025 9:35 pm
Pound Sterling Under Pressure: US CPI Data Triggers Dollar Rally
The GBP/USD fell below 1.2400 after stronger-than-expected US inflation data was released. The pair …
12 February, 2025 8:26 pm
Powell Testimony Live: Will Recent Inflation Data Impact the Fed’s Plans
Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Mo…
12 February, 2025 7:18 pm
US Consumer Price Inflation Exceeds Market Expectations
US consumer price index (CPI) readings for January showed a higher-than-expected increase, driven by…
12 February, 2025 5:23 pm
Oil Prices Decline as U.S. Crude Stockpiles Rise and Powell Signals Cautious Rate Cuts
Oil prices fell on Wednesday, ending a three-day winning streak, as data showed a sharp rise in U.S.…
12 February, 2025 3:16 pm
U.S. Futures Edge Lower Ahead of Key Inflation Report
U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflat…
12 February, 2025 12:56 pm
European Stocks Rise Cautiously Ahead of U.S. Inflation Data
European stock markets edged higher on Wednesday, as investors awaited the latest U.S. inflation rep…
Market Analysis
June, 2021
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24 June 2021 12:34 am
Yellen Calls for Raising U.S. Debt Limit ASAP
The U.S. Secretary of the Treasury, Janet Yellen, said on Wednesday that Congress should raise or suspend the debt limit as soon as possible. In her testimony against the Senate, Yellen warned that failing to raise or suspend the debt limit would be catastrophic to the economy. The current debt …
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24 June 2021 12:19 am
Wall Street Mixed but Nasdaq Hits New All-Time High
Wall Street showed a mixed performance on Wednesday, as markets continue to react to changes in interest rates and the inflation rate. The Dow Jones Industrial Average lost 71.34 points, or 0.21%, to close at 33,874.24 points. The S&P 500 declined by 4.60 points, or 0.11%, finishing at 4,241.84 points. …
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23 June 2021 11:45 pm
Oil Futures Rebound as U.S. Inventories Fall
Oil prices rose on Wednesday after data showed the fifth consecutive weekly decline in U.S. crude inventories. The prospects of economic recovery and expectations for demand recovery are providing support for crude futures, with the global benchmark Brent restoring the $75 key level. The front month Brent crude futures for …
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23 June 2021 10:30 pm
Gold Closes at Highest Level in Week
Gold prices rose on Wednesday and managed to finish net their highest level in about a week, supported by a muted performance by the U.S. Dollar (USD). Recent remarks by the U.S. Federal Reserve Chair Jerome Powell that pointed to no plans to raise interest rates just to combat inflation …
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23 June 2021 9:30 pm
European Stocks Decline for First Time in Three Sessions
European stocks closed lower on Wednesday, after rising for two consecutive sessions, despite concerns about the Federal Reserve raising rates soon to combat inflationary pressures eased by Chair Jerome Powell. The pan-European STOXX 600 index fell by 3.32 points, or 0.73%, to finish at 453.10 points. The French CAC40 index …
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23 June 2021 8:50 pm
Dollar Rebounds But Remains in Negative Territory
The U.S. Dollar (USD) has recovered some of its losses on Wednesday, after rising earlier in the Asian and European sessions. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.04% 91.72. Earlier today, the index fell as low …
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23 June 2021 7:21 pm
U.S. Oil Inventories Down 7.6 M Barrels in Week – EIA
Crude oil inventories in the United States declined by 7.6 million barrels last week, data showed on Wednesday. For the week ended June 18, gasoline stockpiles dropped by 2.9 million barrels, while distillate inventories increased by 1.8 million, according to the Energy Information Administration (EIA).
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23 June 2021 7:17 pm
U.S. Home Sales Down 5.9% in May
New home sales in the United States declined in May by 5.9% to a seasonally adjusted annual rate of 769,000 units, official data by the U.S. Census Bureau showed on Wednesday. On an annual basis, sales increased by 9.2% last month. The number of homes available for sale by the …
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23 June 2021 6:33 pm
U.S. Markit Services PMI Declines to 64.8 in June
The business activity in the US service sector continued to expand at a strong pace in June but lost momentum compared to May with the Markit Services PMI declining to 64.8 from 70.4 70 figure was expected. The Composite PMI fell to 64.9 in June from 68.7 in May.
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23 June 2021 5:54 pm
U.S. Manufacturing PMI Jumps to 62.6 in June
The IHS Markit’s Manufacturing PMI for the US rose to 62.6 in June from 62.1 in May to a record high. This reading came in better than the market forecast of 61.4 and revaled that the business activity in the manufacturing sector continued to expand at an unprecedented pace.
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23 June 2021 5:17 pm
OPEC+ Considering Boosting Output by 500K bPD When They Meet Next Week
The Organization of the Petroleum Exporting Countries (OPEC) and its allies are considering boosting the group’s collective output by some 500,000 barrels per day when they meet next week, the Wall Street Journal reported on Wednesday, according to Reuters
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23 June 2021 4:45 pm
Canada: Retail Sales Decline by 5.7% in April
Retail Sales in Canada fell by 5.7% on a monthly basis in April, the data published by Statistics Canada showed on Wednesday. This reading followed March’s increase of 3.6% and came in worse than the market expectation for a contraction of 5%.
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