It seems that the impact of the US Federal Reserve yesterday, Wednesday, reached the cryptocurrency market after it hit gold. To make matters worse, however, El Salvador received an expected slap from the World Bank over the country’s adoption of Bitcoin as an official tender. Bitcoin fell during trading today, …
Read More »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 …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Market Analysis
June, 2021
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17 June 2021 2:02 pm
Britain is Considering Easing Travel Restrictions For Those Who Have Received The Corona Vaccine
Britain is considering easing travel restrictions for those who have received the two doses of the Covid-19 vaccine, in a move to placate airlines that threaten legal action against the government’s stringent restrictions on travel abroad. Pressure is mounting on the aviation sector, as companies seek to ease restrictions before …
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17 June 2021 1:32 pm
Eurozone Final CPI Revised Down to 0.3% MoM in May
According to Eurostat’s final reading of the Eurozone CPI report for May, the consumer prices came in at 2.0% on a yearly basis, meeting the flash estimate of 2.0% and 2.0% expectations. While the core figures rose to 1.0%, beating the 0.9% consensus forecasts.
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17 June 2021 1:04 pm
Switzerland: GDP Growing Sharply in The Short Term
The Swiss National Bank (SNB) gave an optimistic view of the economy in its Financial Stability Report (FSR) published on Thursday. The report indicated that in Switzerland, GDP is growing strongly in the near term and unemployment is declining.” The production capacity has also been untapped for some time.
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17 June 2021 12:05 pm
Oil Prices Fall Due to The Rise of The US Dollar
Crude oil prices fell on Thursday as the US dollar rose after the Federal Reserve hinted that it may raise interest rates faster than expected, but losses were limited thanks to a significant drop in US crude inventories. Brent crude futures fell 42 cents, or 0.6%, to $73.97 a barrel, …
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17 June 2021 11:44 am
Japanese Shares Close Lower Due to The Fed’s Tendency to Tighten Policy
Japanese shares closed lower on Thursday, June 17, as investors sold shares of technology companies and the drugmaker after a weak close on Wall Street after the US Federal Reserve signaled earlier-than-expected interest rate increases, while the financial sector shone with a rise in US Treasury yields. The Nikkei index …
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17 June 2021 11:07 am
Britain Records The Highest Daily Death From Corona Cases Since February
Britain recorded the highest daily number of new cases of Coronavirus since February, which increases indications of the spread of a new, highly contagious mutation first discovered in India. The government recorded 9,055 cases of infection, which is the largest number since February 25, and more than a fifth of …
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17 June 2021 10:35 am
Gold Rises After Heavy Sales Due to The Tendency of The Fed to Tighten Monetary
Gold prices rose on Thursday, recovering some of the losses incurred in the previous session after the US Federal Reserve hinted that it may raise interest rates earlier than expected. And gold rose in spot transactions 0.5% to $ 1820.34 an ounce (an ounce). US gold futures fell 2.1% to …
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17 June 2021 5:23 am
SEC Delays Decision on Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) has delayed for the second time its decision on the first Bitcoin exchange-traded fund (ETF). VanEck, an ETF and mutual fund manager, proposed an ETF for the world’s largest cryptocurrency and an SEC approval was delayed in April. The SEC reportedly wants to …
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17 June 2021 3:22 am
Fed on Road for Taper Talk and Expects Two Interest Rate Hikes in 2023
The two-day Federal Reserve policy meeting concluded on Wednesday with most outcomes falling in line with expectations, as the Federal Open Market Committee (FOMC) decided to keep the current interest rate range near 0% and the pace of asset purchases at $120 billion a month. The central bank reiterated its …
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17 June 2021 1:40 am
EUR/USD Logs Biggest Daily Loss in 15 Months
The Euro (EUR) declined against the U.S. Dollar (USD) on Wednesday, following the U.S. Federal Reserve’s policy meeting, in which the central bank decided to maintain its current policy, expecting rising inflation and seeing two rate hikes in 2023. Today, the EUR/USD pair lost about 1.08%, falling below 1.2 and …
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17 June 2021 1:15 am
GBP/USD Declines Following Fed’s Decision
The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD) for the second consecutive day, after the Federal Reserve decided to maintain its current policy and expected two rate hikes in 2023. The GBP/USD pair lost about 0.7% to reach the level of 1.3987. This market the largest …
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17 June 2021 12:29 am
NYSE Closes Lower Following Fed’s Statement
The New York Stock Exchange (NYSE) closed lower on Wednesday after the Federal Reserve pointed to its expectation that interest rates will be raised earlier than previously expected with two rate hikes in 2023. The Dow Jones Industrial Average fell by about 266 points, or 0.77%, to close at 34,033.7 …
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