Gold prices rose, as concerns about an early cut in economic support eased after data revealed that consumer price inflation in the United States cooled in July, sending the dollar lower. And gold rose in immediate transactions 0.1% to $ 1753.90 an ounce in Asian trading, after recording its largest …
Read More »Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
Bitcoin traded largely flat on Wednesday, pausing after Tuesday’s sharp gains as traders diges…
European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of t…
Market Analysis
August, 2021
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12 August 2021 11:29 am
Japan Shares Fall as Chips Hit by Outlook Fears
Japanese stocks fell, after gains for four straight sessions, as chip-related stocks were hit by fears that their best days may be over with supplies returning. The worsening coronavirus infections in the country have negatively affected travel-related sectors, while waning support for Prime Minister Yoshihide Suga has raised further concerns …
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12 August 2021 11:03 am
Britain’s economy grew 1% faster than expected in June
Official data revealed that Britain’s economy grew faster than expected at 1 percent in June. A Reuters poll of economists had indicated a 0.8 percent growth in gross domestic product on a monthly basis. The Office for National Statistics also revised its growth estimate for May down to 0.6 percent …
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12 August 2021 6:58 am
Fed Officials Thinks the Time for Tapering Has Come
More Federal Reserve officials have come forward with calls for monetary policy normalization and scaling back the highly accommodative easing policies of record-low interest rates and massive asset purchases, as the U.S. economy continues to show recovery signs and higher inflation rates. On Wednesday, both Kansas City Fed President Esther …
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12 August 2021 6:29 am
U.S. Stocks at Record Highs Following Inflation Data
The New York Stock Exchange (NYSE) managed to close mostly higher on Wednesday, with the Dow and S&P 500 indices finishing at new record highs for the second consecutive session, with Wall Street investors focusing on inflation data in the U.S. Earlier, data by the U.S. Department of Labor showed …
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12 August 2021 5:47 am
Oil Rebounds After U.S. Calls for Higher Output and Inventory Drop
Oil prices closed higher on Wednesday, rebounding from early losses that followed news about pressuring OPEC to raise production and the release of the weekly inventory data in the United States. The U.S. is asking the Organization of the Petroleum Exporting Countries (OPEC) to increase production, claiming that the global …
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12 August 2021 1:25 am
European Stocks Log Another Record High
Europe’s stocks finished higher on Wednesday, continuing to hit new record highs as investors focus on earnings reports and economic data. The pan-European STOXX Europe 600 index rose by 2 points or 0.42% to close at 474.32 points, maintaining an upward trend for the eight consecutive sessions. This is the …
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12 August 2021 1:02 am
Gold Scores Second Consecutive Daily Gains
Gold prices rose on Wednesday with the decline of the U.S. Dollar (USD) after data showed that inflation in the United States registered 5.4% in July. The yellow metal managed to close higher for the second consecutive day, registering its highest gains since July 29. Gold front-month futures gained $21.60, …
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11 August 2021 10:28 pm
U.S. Budget Deficit Narrows in July
The United States federal budget deficit declined to about $2.5 trillion during the first ten months of the current fiscal year, compared with $2.8 trillion in the comparable period of last year, data showed on Wednesday. The U.S. Department of the Treasury reported that the deficit increased to $302 billion …
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11 August 2021 8:24 pm
Brent Below $70 after U.S. Inventories Draw
Oil prices declined on Wednesday after data showed a decline in U.S. crude inventories last week. Earlier, the U.S. Energy Information Administration (EIA) reported that crude inventories in the United States fell by 400,000 barrels last week. Meanwhile, gasoline stockpiles declined by 1.4 million barrels and distillate inventories increased by …
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11 August 2021 4:50 pm
US Annual CPI Inflation Stays Unchanged at 5.4% in July
Inflation in the US, as measured by the Consumer Price Index (CPI), stayed unchanged at 5.4% on a yearly basis in July, the data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in slig
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11 August 2021 4:12 pm
Oil Falls on CNBC’s Report on The White House’s Demand For OPEC to Pump More Supplies
Oil fell below $70 a barrel, pressured by a CNBC report that the White House will call on OPEC and its allies to boost production in an effort to stem rising gasoline prices. And the price of Brent crude is up 35% since the beginning of this year, supported by …
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11 August 2021 3:40 pm
Brent Crude Rises Towards $71 Amid Signs of Increased Demand in America
Oil rose towards $71, as signs of increased fuel demand in the United States offset concerns about travel restrictions in Asia due to the spread of the Delta strain. Sector data showed a decline in US crude and gasoline stocks last week, while the US Energy Information Administration said that …
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