After talks that lasted for two days, the OPEC+ meetings ended without an agreement, as the group’s ministers canceled talks related to production after a dispute that erupted last week when the UAE objected to a proposed extension of production restrictions for an additional eight months, but in return it …
Read More »GBP/USD Slides as Dollar Gains Momentum Amid Powell Relief and Trade Optimism
The British Pound (GBP) faced downward pressure against the US Dollar (USD) this week, slipping belo…
S&P Global Reports US Economy Facing Slowing Growth and Rising Inflation in April 2025
The US economy is navigating a challenging landscape in April 2025, as evidenced by the latest S…
Wall Street Futures Surge as Trump Softens Tone on Fed and China
U.S. stock index futures climbed sharply Wednesday, extending Tuesday’s gains, as investors cheered …
Oil Prices Rise Over 1% as Iran Sanctions, Trump Comments, and U.S. Crude Draw Support Market
Oil prices climbed more than 1% on Wednesday, extending gains for a second consecutive session, as g…
Gold Prices Slip as Trump Soothes Market Fears, Touts Tariff Cuts and Supports Fed
Gold prices edged lower in Asian trading on Wednesday, retreating further from this week’s record hi…
European Stocks Rally as SAP Earnings Impress, Trump Calms Fed and Tariff Fears
European equity markets surged on Wednesday, lifted by robust earnings from German software giant SA…
Bitcoin Surges Over 6% as Trump Softens Fed and China Tariff Stance
Bitcoin rallied sharply on Wednesday, breaking out of its recent range to hit a seven-week high, as …
Stock Market Surges Amid Trade De-escalation Hopes
US. stocks soared on Tuesday, rebounding from a turbulent Monday, as investors pinned their optimism…
Gold Dips $100 from Record High as US-China Tensions Ease, Yet Shines with 29% YTD Gain
Gold prices slid $100 from a record high of $3,500, retreating to around $3,400, down 0.63%, as US T…
Why US Assets Are Bleeding: Trump’s Policies and Market’s Dangerous Dance
US financial markets are under siege in April 2025, with stocks, bonds, and the dollar reeling from …
Market Analysis
July, 2021
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6 July 2021 5:05 pm
Russia: There Are no Current Plans For Contacts Between Putin And Senior OPEC+ Officials
The Kremlin spokesman said that Russian President Vladimir Putin has no plans for the time being to hold contacts with top OPEC+ officials after another round of talks between major world oil producers collapsed on Monday. “The work is continuing. It is necessary to make a decision,” Dmitry Peskov told …
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6 July 2021 3:41 pm
German ZEW Economic Sentiment Index Slumps to 63.3 in July
The German ZEW headline numbers for July showed that the Economic Sentiment Index worsened more than expected to 63.3 from 79.8 previous while missing estimates of 75.2. The Current Conditions sub-index firmly recovered to 21.9 in July as against -9.1 recorded in the previous month and 5.0 expectations.
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6 July 2021 3:07 pm
Gold is consolidating above $1800
Gold prices rose 1% on Tuesday after it crossed the $1,800 barrier, supported once again by a weak dollar, as investors’ eyes turned to the minutes of the Federal Reserve’s June meeting to elicit more indications about the monetary policy decision. Spot gold rose 0.8 percent to $1,805.51 an ounce …
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6 July 2021 1:59 pm
US Crude Jumps to The Top of 2014 After The Disagreement of OPEC + Producers
Oil prices jumped to their highest levels in several years, and saw US crude reach its highest level since 2014, after OPEC + producers disagreed about plans to increase supplies in the face of rising global demand. Brent crude jumped 62 cents, or 0.8 percent, to $77.78 a barrel after …
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6 July 2021 1:25 pm
European Shares Fall After 3 Sessions of Gains
European shares fell in early trading after gains over three sessions, as a jump in commodity shares was offset by weak trading in Asia and a sudden drop in industrial orders in Germany. The pan-European Stoxx 600 index fell 0.1%, with auto stocks recording the biggest decline. Data showed that …
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6 July 2021 12:49 pm
Japan’s Nikkei Rises With SoftBank’s Recovery
The Nikkei index closed slightly higher on the Tokyo Stock Exchange on Tuesday, with the recovery of SoftBank and Fast Retailing shares, but fears of a possible increase in Coronavirus infections during the Olympic Games capped gains. The Nikkei gained 0.16 percent to record 28,643.21 points, giving up an early …
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6 July 2021 8:11 am
Goldman Sachs Predicts Winner of Euro 2020
Goldman Sachs predicts that England will win the Euro 2020 football tournament, according to recent reports about the bank’s probability model, CNBC reported. The model shows England’s chance of qualifying to the final is 57.7% and 31.9% in winning the cup, followed in the latter by Spain and Italy with …
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6 July 2021 12:52 am
Bitcoin Returns to Losses on Independence Day
Bitcoin declined on Monday by about 5% to $33,857, erasing most of its recent gains, amid relatively thin trade with the U.S. on a holiday with a long weekend, celebrating Independence Day. The world’s biggest cryptocurrency in terms of market capitalization dropped by 41% during the second quarter (Q2) of …
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5 July 2021 11:22 pm
Oil Surges as OPEC+ Calls Off Meeting without Decision
Oil prices surged on Monday, for the fifth consecutive session, with markets anticipating the outcomes of the ongoing OPEC+ negotiations regarding output cuts. Brent crude futures for September delivery gained 99 cents, or 1.30%, to close at $77.16 per barrel, to log a new highest closing level since October 29, …
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5 July 2021 10:01 pm
China’s Crackdown on Tech Firms Continue
China continues with severe measures against tech platforms, especially U.S.-listed firms, after the removal of Didi Chuxing from Chinese app stores. Authorities in Beijing have reportedly announced investigating Boss Zhipin, Yunmanman, and Huochebang, the Financial Times reported. It is worth pinpointing that Didi Chuxing is considered China’s biggest ride-hailing company. …
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5 July 2021 9:20 pm
European Stocks Rebound From Earlier Losses at Close
European stocks finished higher for the third consecutive session on Monday, rebounding from earlier losses to begin the week with a positive performance, despite concerns about the new variants of the coronavirus. The pan-European STOXX 600 index rose by 1.55 points, or 0.34%, to close at 458.36 points. This marked …
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5 July 2021 7:46 pm
BoC Survey Shows Improvement in Business Sentiment
Hiring plans among Canadian businesses surged to an all-time high, according to the most recent Bank of Canada (BoC) Business Outlook Survey. The majority of businesses have plans for hiring in the coming 12 months, due to expectations for demand recovery and faster sales growth as lockdown measures are eased. …
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