The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …
Read More »Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
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 …
Market Analysis
June, 2021
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15 June 2021 4:03 pm
US And EU Resolve 17-Year Dispute Between Boeing and Airbus
European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …
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15 June 2021 2:58 pm
Turkish Lira Falling Sharply
The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …
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15 June 2021 2:19 pm
Oil Rises as Risk of Resuming Iran Supply Recedes
Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …
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15 June 2021 1:38 pm
European Stocks Post Their Longest Winning Streak Since 2019
European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …
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15 June 2021 12:54 pm
Gold Stabilizes on Dollar Decline, Eyes on Fed
Gold prices rose today, Tuesday, June 15, as the dollar’s decline caused the cost of the yellow metal to decline for holders of the rest of the currencies, while investors awaited the outcome of the US Federal Reserve meeting to elicit indications on the path of unprecedented monetary stimulus. Gold …
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15 June 2021 12:25 pm
Japan Stocks Rise, Tracking Nasdaq, Drug Makers Shine
Japanese stocks closed higher on Tuesday, June 15th, as technology and growth-focused stocks were supported by a strong Nasdaq close overnight, while drugmakers extended their gains. The Nikkei index jumped 0.96% to 29,441.30 points, its biggest gain since late May, while the broader Topix rose 0.8% to 1975.48 points, closing …
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15 June 2021 8:26 am
Bank of Japan Likely to Extend Relief Program
The Bank of Japan (BoJ) is holding a two-day meeting that will conclude on Friday, and it is expected that the central bank will extend the September deadline for the pandemic relief program. The expectation was made by former BoJ board member, Makoto Sakurai, who told Reuters on Monday that …
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15 June 2021 6:20 am
High Anticipation for Fed’s Meeting with Little Changes Expected
Markets are awaiting the outcomes of the upcoming Federal Reserve meeting, with the policy update coming with additional importance as it follows the recent surge in consumer prices. Investors will closely examine the monetary policy statement and its view on the inflation rate, which recorded 5% in May, as shown …
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15 June 2021 1:03 am
Wall Street Closes Higher Ahead of Fed Meeting
The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with Wall Street investors anticipating the outcomes of the next Federal Reserve policy meeting. The S&P 500 and Nasdaq Composite indices closed at new record highs, with the latter rising for the sixth time in …
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14 June 2021 11:36 pm
Oil Closes Higher with Expectations for Demand Recovery
Oil prices showed a mixed performance on Monday, amid expectations for the recovery of global demand during the second half of the year. Brent crude futures for August delivery rose by 17 cents, or 0.23%, to close at $72.86 per barrel. The global benchmark has now maintained a rising trend …
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14 June 2021 10:55 pm
EU Issues Bonds to Support Recovery Fund
The European Union (EU) launched on Monday the sale of the first bond backing its massive COVID-19 recovery fund, Reuters reported. The aim is to provide the needed finances to member countries, providing aid in combating the pandemic. A 10-year bond represents the beginning of an expected EUR 800 billion …
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14 June 2021 10:16 pm
Gold Closes Lower Despite Dollar’s Fluctuations
Gold prices declined on Monday, opening the week with a negative performance as the downward trend continued despite the mixed performance by the U.S. Dollar (USD). This marked the second consecutive daily loss for the yellow metal most-active contracts, which settled at their lowest level since May 14, amid a …
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