There were 400,000 initial claims for unemployment benefits in the US during the week ending July 24, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 424,000 (revised from 419,000) and came in worse than the market expectation of …
Read More »Gold Prices Aim At $3,400: Middle East Tensions and US Economic Signals Drive Rally
Gold prices surged to $3,386 on June 12, 2025, approaching the $3,400 mark as softer US economic dat…
Dollar Falls as Weak PPI Data Stokes Rate Cut Hopes
The U.S. Dollar tumbled on June 12, 2025, dropping to 98.00 on the U.S. Dollar Index after May’s U.S…
GBP/USD Surges Amid Economic Shifts, Post-PPI Data and Jobless Claims
The GBP/USD pair surged to 1.3600, up over 0.47% in a single session, and at the time of writing, th…
U.S. Producer Prices Rise in May, Dollar Weakens Amid Trade Uncertainty
The latest data from the Bureau of Labor Statistics (BLS) revealed that Producer Prices increased by…
Dollar Hits 2025 Low as Stocks Ease, Safe-Haven Assets Rise Amid Middle East Tensions and Trade Concerns
The U.S. dollar fell to a new low for 2025 on Thursday, while global stocks eased from record highs,…
U.S. Stock Futures Dip Amid Caution Over Trade Deal and Middle East Tensions
U.S. stock index futures fell on Thursday as investors adopted a cautious stance following the annou…
Britain’s Economy Slows Sharply in April Amid Tariff Impact and Tax Break End
Britain’s economy faced a significant slowdown in April, as official data released on Thursday showe…
Bitcoin Slips as Trade Deal Progress and Tariff Concerns Weigh on Sentiment
Bitcoin prices slipped on Thursday following comments from U.S. President Donald Trump, who confirme…
Gold Prices Surge Amid Iran Tensions and Trade Uncertainty
Gold prices saw a sharp rise in Asian trading on Thursday, as safe-haven demand surged due to escala…
Market Drivers: Assets Dance to CPI Data, US-China Trade Talks
Markets buzzed with activity on June 11, 2025, as assets like gold, silver, and the Canadian Dollar …
Market Analysis
July, 2021
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29 July 2021 5:06 pm
US Economy Grows by 6.5% in Q2
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 6.5% in the second quarter of 2021, the US Bureau of Economic Analysis’s first estimate showed on Thursday.
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29 July 2021 4:16 pm
Germany: Annual HICP Rises to 3.1% in June
Inflation in Germany, as measured by the Consumer Price Index (CPI), jumped to 0.9% (preliminary) on a monthly basis in June from 0.4% in May. On a yearly basis, the CPI rose to 3.8% from 2.2%. Both of these readings came in higher than market expectations.
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29 July 2021 3:37 pm
Eurozone Sentiment Hits Record High in July
Estimates from the European Commission showed Thursday, July 29 that economic sentiment in the Eurozone hit a record high in July, but waning consumer optimism and a slowdown in the rate of increase may indicate that the peak is fast approaching. The Commission said in its monthly survey that sentiment …
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29 July 2021 2:34 pm
Oil Rises on Lower Inventories
Oil prices rose Thursday, July 29, as crude inventories in the United States, the world’s largest oil consumer, fell to their lowest levels since January 2020, and Brent crude returned to above $75 a barrel. Brent crude futures were up 37 cents, or 0.5%, to $75.11 a barrel, and US …
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29 July 2021 1:38 pm
European Shares Peak Thanks to Earnings From Airbus
European shares hit record highs Thursday, July 29 as strong earnings from big commodity companies, Airbus and others boosted markets positivity, while concerns over moves by regulators in China dispelled. The Stoxx600 index of European shares rose 0.3% to an all-time high of 463 points in early trading. The shares …
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29 July 2021 1:22 pm
Japan Shares Close Higher Thanks to Positive Corporate Earnings
Japanese shares closed higher on Thursday, as Nissan Motor and some semiconductor companies reported surprisingly strong profits, while investors were relieved after the US Federal Reserve indicated it was in no hurry to cut monetary easing. The Nikkei rose 0.73% to 27,782.42 points, while the broader TOPIX index closed up …
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29 July 2021 12:27 pm
Pfizer Expects Coronavirus Vaccine Sales to Exceed $33.5 Billion This Year
US drugmaker Pfizer raised its forecast for sales of its 2021 vaccine against COVID-19 by 29% to $33.5 billion. The company said it believed people would need a third dose of the vaccine it developed with its German partner BioNTech to maintain a high degree of protection against the virus. …
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29 July 2021 11:44 am
Ford Raises its Forecast For 2021 After Posting Surprising Profits in The Second Quarter
Ford Motor Company raised its earnings forecast for this year after it announced a windfall profit, saying it was selling more expensive cars. Its revenue slightly missed expectations due to an ongoing global shortage of semiconductor chips. Earnings per share were 13 cents, versus expectations of a loss of 3 …
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29 July 2021 11:20 am
Russia’s Novatek’s Second-Quarter Profit More Than Doubles
Novatek, Russia’s largest liquefied natural gas producer, said Wednesday, July 28, that its net profit more than doubled to 99.3 billion rubles ($1.35 billion), citing a recovery in oil and gas prices and production volumes. Revenue jumped 83.7% to 264.5 billion rubles.
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29 July 2021 10:30 am
Facebook’s Quarterly Profit Beats Expectations And Posts Fastest Revenue Growth Since 2016
Facebook’s earnings in the three months ended June 30 beat expectations and posted the fastest revenue growth since 2016. But Facebook shares fell 5% in after-hours trading after the social media company said it expects revenue growth to slow in the coming quarters. And earnings per share came to $3.61, …
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29 July 2021 6:04 am
Senate Begins Process to Pass Infrastructure Bill and Could Approve Mega Budget Next Week
The United States Senate voted on Wednesday on a large bipartisan infrastructure bill, at an estimated cost of around $550 billion in investments. A total of 67 Senators approved the bill, while 32 opposed, in the first procedural step to debate the proposed plan by President Joe Biden. Despite the …
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29 July 2021 5:27 am
NYSE Closes Lower Following Fed Statement
The New York Stock Exchange (NYSE) showed a mixed performance on Wednesday, after the Federal Reserve kept interest rates unchanged at a historically low level near 0%, vowing to continue to use its full range of tools to support the economy on the road to recovery from the coronavirus crisis. …
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