New U.S. factory orders declined by more than expected in April, falling by 0.6%, following a rise of 1.4% in March, amid the global shortage in semiconductors, data showed on Friday. On an annual basis, factory orders surged by 14.2%, according to the U.S. Department of Commerce. April’s reading of …
Read More »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 …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
Market Analysis
June, 2021
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4 June 2021 5:35 pm
EUR/USD Rebounds to 1.2160 on Soft NFP Figures
Buying interest around the EUR/USD subsides and is pushing the pair back into the 1.2160 region following the lower-than-expected US Non-Farm Payrolls report. The EUR/USD pair reversed the initial decline on Friday after data showed that the US economy created 559K jobs in May, below expectations of 650K jobs. At …
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4 June 2021 4:43 pm
Canada: Unemployment Rate Rises to 8.2% in May
The Unemployment Rate in Canada edged higher to 8.2% in May from 8.1% in April with the Net Change in Employment falling by 68,000, compared to market expectation of -20,000, the data published by Statistics Canada showed on Friday.
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4 June 2021 4:39 pm
US Nonfarm Payrolls Rise by 559,000 in May
the data published by the US Bureau of Labor Statistics showed on Friday that Nonfarm Payrolls (NFP) in the US rose by 559,000 in May. This reading followed April’s figure of 278,000 and came in worse than the market expectation of 650,000.
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4 June 2021 4:22 pm
A Representative of The Chinese Foreign Ministry: The United States Must Respect The Rule of Law
A representative of the Chinese Foreign Ministry said that the United States should respect the rule of law and the market, correct its mistakes, and stop actions that undermine the global financial market system and the legitimate rights and interests of investors. The statement came after President Joe Biden on …
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4 June 2021 3:29 pm
Oil Advances Towards $72, Supported by Demand Expectations
Oil rose towards $72 a barrel on Friday, June 4, to trade near its highest level in two years, as the OPEC+ plan on supplies and recovering demand overshadowed concerns about the irregular activity of vaccinations against Covid-19 globally. The Organization of the Petroleum Exporting Countries (OPEC) and its allies …
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4 June 2021 2:38 pm
Russia Expects The WHO to Approve The Sputnik V Vaccine Within Two Months
Kirill Dmitriev, head of the Russian Direct Investment Fund, told Reuters that Russia expects WHO to approve the Sputnik-V vaccine against COVID-19 within two months. The Russian fund is responsible for marketing the vaccine. Dmitriev stated that the European Medicines Agency, which is also reviewing the Russian vaccine, “has obtained …
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4 June 2021 2:18 pm
Eurozone Retail Sales Fell More Than Expected in April
Data showed that retail sales in the euro area fell more than expected in April, affected by a decline in sales of non-food products, but it is still much higher than it was 12 months ago when most countries were subject to strict lockdown measures linked to the pandemic. The …
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4 June 2021 1:39 pm
Gold Hits a Two-Week Low Due to The Dollar’s Rise, With US Data Awaiting…
Gold fell to its lowest level in more than two weeks Friday, June 4, weighed by a stronger dollar, while investors awaited the US non-farm payrolls data for May, as bets loomed on a possible scaling back of stimulus measures by the US Federal Reserve. And gold fell in spot …
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4 June 2021 1:06 pm
Oil Prices Are Falling as Pessimism About The Corona Virus Continues
Oil prices fell on Friday, June 4, as optimism about a recovery in fuel demand waned, in light of concerns about the irregular delivery of Covid-19 vaccines globally. Brent crude fell 13 cents, or 0.2%, to $ 71.18 a barrel, after falling 4 cents yesterday, Thursday, after rising to its …
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4 June 2021 12:30 pm
Japan Shares Mixed Before US Data
Japanese stocks were mixed at the close Friday, June 4, affected by growth-related stocks, while investors awaited the important US jobs report, which may increase concerns about inflation and talk of reduced purchases by the Federal Reserve. The Nikkei index closed down 0.40% to 28,941.52 points after two days of …
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4 June 2021 5:51 am
Fed’s Decision on Corporate Bonds Signals Beginning of Policy Tweaks
The U.S. Federal Reserve on Wednesday announced that it will begin reducing its purchases of corporate assets, as the economy recovers from the coronavirus pandemic. The Fed believes that such support measurement was needed in the midst of the recession caused by the pandemic, noting that now is time to …
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4 June 2021 5:06 am
NYSE Closes Lower Ahead of Jobs Report
The New York Stock Exchange (NYSE) finished lower on Thursday, with tech stocks leading the decline. In addition, a rise in Treasury bond yields to their highest level in more than two weeks weighed on the stock market. The Dow Jones Industrial Average slipped by 23.34 points, or 0.07%, to …
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