The EUR/USD pair has reversed part of recent gains and returned to 1.1600. Sellers returned to the market and forced EUR/USD to abandon the area of recent highs and refocus once again on the 1.1600 hereabouts.After two successive daily pullbacks, the EUR/USD pair now trades on the defensive and hovers …
Read More »EUR/USD Surges as US Inflation Stokes Fed Rate Cut Doubts
The EUR/USD pair powered through a second straight week of gains, climbing to a high of 1.1730 and s…
Sanctions and Inflation Sink Russia as Putin Hits Alaska’s Stage
As world leaders gear up for a high-stakes summit in Anchorage, Alaska, Russia’s walking into the ri…
Dow Jones Hits Record High but Stumbles as Consumer Confidence Wanes
The Dow Jones Industrial Average soared to a fresh all-time high of 45,277 on Friday, breaking past …
Dollar Struggles as Gold Holds Steady Ahead of Trump-Putin Summit
The US Dollar struggled to gain traction on Friday, keeping bullion prices firm as market participan…
Yen Surges as Japan’s GDP Shines, US Economic Data Falters
The Japanese Yen (JPY) is gaining ground against the US Dollar (USD), pushing the USD/JPY pair towar…
USD/CHF Slides Toward 0.8050 as Weak US Data Puts Pressure on the Dollar
The Swiss Franc (CHF) strengthened against the US Dollar (USD) on Friday, with the USD/CHF pair easi…
Gold Struggles Near Two-Week Low as Rising Yields Offset Dollar Weakness
Gold prices hovered near a two-week low on Friday, finding limited support from a softer US Dollar, …
Trump and Putin Meet in Alaska for High-Stakes Talks on Ukraine and Nuclear Deal
U.S. President Donald Trump and Russian President Vladimir Putin are set to meet on Friday at a Cold…
European Stocks Near Five-Month High as Earnings Optimism Outweighs Inflation Concerns
European equities advanced on Friday, with the pan-European STOXX 600 climbing 0.2% by 07:17 GMT, bu…
Gold Edges Up in Asia Despite Weekly Losses Amid Fed Rate Speculation
Gold prices in Asian trade on Friday inched higher, though they were set for a weekly decline, as in…
Market Analysis
October, 2021
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5 October 2021 7:48 pm
After Norway, Will New Zealand’s Fed be second to effect hike rates?
New Zealand’s dollar declined 0.34% to $0.6939, away from a four day peak at $0.6981.The Reserve Bank of New Zealand will decide on the state’s fiscal policy on Wednesday, with markets expecting a quarter point rate hike. With markets already pricing a rate hike cycle, the likelihood of material NZD …
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5 October 2021 7:23 pm
U. S. Poll Shows Economic Optimism declines
The IBD/TIPP Economic Optimism Index, a pioneering national poll on consumer confidence, declined for the fourth consecutive month. The October index fell another 3.6% after September’s 9.5% drop, moving from 48.5 last month to 46.8 this month, and remained in the negative territory for the second successive month.For the IBD/TIPP …
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5 October 2021 7:05 pm
Supply concerns lead Europe’s gas to a record surge
Natural gas contracts have hit new highs in Europe on Tuesday, as soaring prices continue to put pressure on the continent’s energy sector ahead of winter months.November delivery contracts at the Dutch TTF hub, a European benchmark for natural gas, were trading at around 118 Euros per megawatt hour just …
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5 October 2021 6:12 pm
U.S: Markit Services PMI edges lower to 54.9
The business activity in the US service sector continued to expand in September albeit at a softer pace than it did in August with IHS Markit’s Services PMI retreating to 54.9 (final) from 55.1 in August. Nevertheless, this reading came in higher than the advanced estimate and the market expectation …
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5 October 2021 6:10 pm
Canada: International trade surplus widens to C$1.94B
Canada’s merchandise trade surplus with the world widened to C$1.94 billion in August from C$736 million in July, the monthly data published by Statistics Canada revealed on Tuesday. This reading beat the market expectation for a surplus of C$0.35 billion by a wide margin.
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5 October 2021 6:09 pm
US: Goods And Services Deficit Expands to $73.3B
The goods and services deficit of the US expanded by $2.9 billion to $73.3 billion in August from $70.3 billion in July, the US Census Bureau reported on Tuesday. This reading came in worse than analysts’ estimate for a deficit of $70.5 billion.
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5 October 2021 4:27 pm
US Stock Futures Regain Some of Yesterday’s Losses
Stock futures rebounded on Tuesday as some investors bought declines in technology stocks, Dow Jones Industrial Average futures gained 101 points or 0.3%, S&P 500 futures rose 0.3% and Nasdaq 100 futures gained 0.4%. Facebook shares added 1.5% in pre-market trading after dropping 5% on Monday due to whistleblower claims …
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5 October 2021 3:44 pm
Bitcoin Exceeds Significant Levels, With Adoption Approaching in a New Country
The largest digital currency, Bitcoin, has managed to reach its highest levels in nearly a month, specifically since the start of accepting Bitcoin payments in El Salvador on September 7. Bitcoin was seen a few minutes ago, above the levels of 50 thousand dollars, after rising more than 5%, and …
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5 October 2021 2:45 pm
The Dollar Climbs to a Year High
The dollar rebounded to a one-year high against other major currencies on Tuesday, ahead of an important US jobs report due at the end of the week, which could increase the Federal Reserve’s motivation to start tapering stimulus by next month. The dollar, which is considered a safe haven, also …
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5 October 2021 1:45 pm
Oil Rises After OPEC+ Adheres to Supply Restrictions
Oil prices rose on Tuesday, October 5, reaching their highest levels in at least three years, extending gains made during the previous session after the world’s major oil producers announced their decision to maintain a curb on crude supplies. Brent crude rose 23 cents, or 0.3%, to $81.49 a barrel, …
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5 October 2021 1:11 pm
Gold Falls Due to The Rise of The Dollar
Gold prices fell on Tuesday, October 5, as the dollar benefited from a decline in risk appetite, and the metal is likely to see volatile trading in the run-up to Friday’s US jobs numbers, which may have an impact on the US Federal Reserve’s plans to cut stimulus. And gold …
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5 October 2021 12:32 pm
Nikkei Falls to a One-Month Low
Japanese stocks fell to a one-month low on Tuesday as growth stocks were hit hard, as rising oil prices heightened concerns about inflation and monetary tightening globally. The Nikkei index fell by 2.19% to close at 27822.12 points. The broader Topix index lost 1.33% to 1947.75 points, above its 200-day …
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