New Zealand and Australian dollars made the biggest gains among the major currencies on Tuesday, supported by comments from the two countries’ central banks, while the US dollar fell against the Japanese yen and the Swiss franc amid some risk aversion in the markets. The Australian dollar rose strongly after …
Read More »Energy Market Story: Crude Retreats as Profit-Taking Caps Trade-Driven Surge
The energy market on Tuesday, June 10, 2025, saw West Texas Intermediate (WTI) crude oil surge to a …
Market Drivers: Could CPI Data Shift Fed’s Potential Easing Path in September?
The US Dollar edged higher on Tuesday, rebounding from a weak start to the week, buoyed by cautious …
USD/JPY Treads Water as Trade Talks and CPI Data Loom
The USD/JPY pair, up 0.25% at 144.95, clings to support above 144.90 as markets grapple with US-Chin…
Liquidity Crunch: Traders Face a Shifting Market in June 2025
Markets in June 2025 face a liquidity squeeze that’s reshaping how traders operate. U.S. Treasury yi…
Dollar Climbs and US Stocks Ride Risk-On Wave on Trade Talk Optimism
The US Dollar Index, tracking the currency against six major peers, rose 0.13% to 99.07 from 98.94, …
Gold Prices Struggles To Hold Steady Amid US-China Talks, CPI Anticipation
Gold prices, down 0.08% at $3,322.945 after reaching a daily high of $3,347.68, hold steady above th…
China’s Economic Rebound Faces Trade War Turbulence: Early Recovery Signals
China’s economy showed resilience in the first quarter of 2025, with growth reaching 4.7%, driven by…
Bitcoin Surges on U.S.-China Trade Talk Progress, Altcoins Follow Suit
Bitcoin experienced a sharp rise on Tuesday as investors reacted positively to the progress in ongoi…
Oil Prices See Modest Gains Ahead of U.S.-China Trade Talks and Ongoing Geopolitical Tensions
Oil prices inched higher on Tuesday as investors cautiously awaited the outcome of ongoing U.S.-Chin…
European Equities Remain Range-Bound as Investors Await Progress in U.S.-China Trade Talks
European equity indices traded in tight ranges on Tuesday, with investors closely watching ongoing t…
Market Analysis
August, 2021
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3 August 2021 3:01 pm
Tech Put Pressure on European Shares And BP Jumps
Technology shares and concerns about the spread of a global delta dynasty continued to pressure European shares on Tuesday, despite encouraging results updates from companies including BP and automaker Stellantis. The pan-European Stoxx 600 index fell 0.1%, after hitting a record high in the previous session. Most Asian stocks also …
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3 August 2021 1:28 pm
Oil Prices Fall as Recovery Momentum Runs out on Demand Fears
Crude oil prices reversed course after an early recovery, as concerns about coronavirus restrictions combined with slowing factory activities in key markets weighed on sentiment. Brent crude futures were down 26 cents, or 0.4%, at $72.63 a barrel by 0645 GMT. US West Texas Intermediate crude fell 16 cents, or …
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3 August 2021 12:30 pm
Nikkei Closes Lower as Coronavirus Cases Rise
Japan’s Nikkei index closed lower on Tuesday, as rising COVID-19 cases pressured sentiment, while video-game companies slashed after Chinese media described online games as “spiritual opium”. The Nikkei fell 0.5%, while video-game production company Nixon plunged 6.51%. The rest of the game makers’ shares also pushed the index lower. DNA …
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3 August 2021 11:38 am
Societe Generale’s Quarterly Profit Beats Expectations
France’s Societe Generale reported a net income of 1.44 billion euros (about $1.71 billion) for the second quarter of the year, buoyed by a recovery in retail banking in France. Analysts had expected a net profit of 704 million euros for the three-month period, according to Refinitiv data. The latest …
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3 August 2021 11:15 am
Italy Records a Surplus of 5.7 Billion Euros in July
Italy posted a public budget surplus of 5.7 billion euros ($6.77 billion) in July, compared to a deficit of 7.2 billion euros in the same month last year, the Treasury said in a statement on Monday. This difference is mainly due to an increase in tax revenue. The Treasury said …
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3 August 2021 10:40 am
Gold Falls in Limited Range Trading Ahead of US Jobs Data
Gold prices fell, moving in a narrow range, as investors held off making big bets focusing on important US jobs data due later in the week, a key indicator of the US Federal Reserve’s stance on policies ahead. And gold fell in spot transactions 0.1 percent to $ 1810.92 an …
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3 August 2021 7:36 am
Yellen Lowers Borrowing Estimates as Debt Ceiling Expires
U.S. Treasury Secretary Janet Yellen is working to avoid default after Congress failed to extend the suspension of the debt ceiling. Yellen told Congress that the department is taking extra steps to ensure this, expressing in a written letter to lawmakers that resolving the issue would be the better choice. …
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3 August 2021 7:21 am
Fed’s Waller Expects Tapering to Begin Next Month
The United States Federal Reserve might begin cutting back the massive asset purchases as early as October, Governor Christopher Waller told CNBC in an interview on Monday. “In my opinion, that’s substantial progress and I think you could be ready to do an announcement in September.” Waller thinks it all …
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3 August 2021 6:35 am
Third of New COVID Cases in U.S. Come from TWO STATES!
One out of every three new cases infected with the novel coronavirus (COVID-19) in the United States were in Florida and Texas last week, according to a Biden administration counselor. Jeff Zients, White House Coronavirus Response Coordinator, told reporters in a press briefing on Monday that 17% of cases were …
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3 August 2021 5:48 am
NYSE Finishes Lower Reversing Earlier Gains
The New York Stock Exchange (NYSE) finished Monday mostly in losses, erasing earlier gains amid worries about recovery from the coronavirus pandemic, with the rising number of infections with the new Delta variant, especially after the PMI showed slower expansion in U.S. economic activity last month. The Dow Jones Industrial …
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3 August 2021 4:50 am
Oil Snaps Three-Session Rising Streak with Large Losses
Oil prices closed lower on Monday, amid increased concerns about the pace of economic recovery from the coronavirus pandemic with the rising number of infections with the new Delta variant, especially after indicators showed slower growth in activity in the U.S. and China last month. PMI readings in the world’s …
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3 August 2021 1:38 am
Gold Closes Higher as USD and Treasury Yields Fade
Gold prices finished higher on Monday as the U.S. Dollar (USD) declined across the board with Treasury bond yields falling to their lowest level in about six months. The yellow metal remains supported by the mixed economic data are concerns over the spread of the novel coronavirus Delta variant. Gold …
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