Growth in China’s industrial activity slowed slightly in May as raw material prices rose at the fastest pace in more than a decade, squeezing output from small firms and exporters. Data from the Office for National Statistics showed on Monday that the official manufacturing purchasing managers’ index fell to 51.0 …
Read More »Bitcoin’s Rollercoaster: ETF Exodus and Market Uncertainty
The cryptocurrency market is currently experiencing a period of intense volatility, with Bitcoin at …
Tariff Tango Continues: Eurozone Trade Sees Slight Surplus Boost Amidst Uncertainty
The Eurozone’s trade landscape presented a mixed picture in January, with a slight widening of…
Canada’s Inflation Rises to 2.6% in February, Exceeding Expectations
Canada’s annual inflation rate unexpectedly rose to 2.6% in February, surpassing forecasts, as the e…
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 …
Market Analysis
May, 2021
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31 May 2021 3:06 pm
Ethereum is up 5% But Remains 40% Lower Than Its Record Peak
Cryptocurrency Ethereum is up more than 5% today to $2,523 but remains more than 40% below its record peak above $4,300 recorded this month. The currency rose 4.1% to $ 2495.69 in morning trading. As for its rival Bitcoin, the largest and most famous cryptocurrency in the world, it rose …
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31 May 2021 2:26 pm
Japanese Factory Production Grows in April Thanks to Capital Goods
Japan’s industrial production continued to grow in April as manufacturers benefited from a recovery in appetite for capital goods, especially in key overseas markets. The world’s third-largest economy is expected to grow this quarter at a much slower pace than previously thought after the government extended anti-coronavirus measures in Tokyo …
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31 May 2021 1:35 pm
Gold Targets The Biggest Monthly Rise in 10 Months, Amid The Dollar’s Decline And Inflation Risks
Gold prices rose on Monday, heading for their biggest monthly jump since July 2020, thanks to the decline in the dollar and bond yields, as well as the growing inflationary pressures that boost demand for the metal as well. And the spot price of gold was up 0.1% to $ …
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31 May 2021 1:17 pm
European Shares Fall From Record Levels
European shares fell from record levels on Monday, amid weak trading due to holidays in major markets, but optimism about a quick economic recovery is heading the main index towards achieving gains for the fourth consecutive month. The pan-European STOXX 600 index fell 0.1%, and shares in Frankfurt fell 0.2%, …
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31 May 2021 12:50 pm
Oil Contracts Are Heading For Gains For The Second Month in a Row
Oil prices rose in early Asian trade on Monday, buoyed by positive times for fuel demand growth next quarter, as investors look to this week’s OPEC+ meeting to see how producers will respond. Brent crude futures for August delivery were up 50 cents, or 0.7%, at $69.22 a barrel, after …
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31 May 2021 12:20 pm
Japan Shares Close Lower on Profit-Taking
Japanese shares closed lower on Monday, as investors booked profits after a recent rally, but losses were limited thanks to a positive conclusion from domestic drug makers. The Nikkei index lost 0.99% to record 28,860.08 points at the close, while the broader Topix index fell 1.26% to 1922.98 points. The …
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31 May 2021 5:12 am
Weekly Recap: 24-28 May
The US dollar was able to end last week higher against most of the major currencies after strong US data. The yellow metal also fell to $1,890 an ounce on Friday, down from a 4-month high of 1910 on May 26. Coronavirus cases are slowly declining, and the US and …
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29 May 2021 6:28 am
Bitcoin Declines to Extend Weekly Losses
Bitcoin fell on Friday by more than 5% to trade near $36,340, as cryptocurrencies showed high selling pressures. The world’s largest digital currency has now lost about 4.6% over the past seven days. In a similar way, Ethereum plunged by about 7.7% to $2,515, but remained higher on a weekly …
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29 May 2021 3:37 am
Oil Closes Mixed but Maintains Gains Ahead of OPEC Meeting
Oil prices fluctuated on Friday and showed a mixed performance but still managed to register weekly and monthly gains on the back of positive expectations for demand recovery. Brent crude futures for July delivery rose by 17 cents, or 0.2%, to finish at $69.63 per barrel, its highest closing level …
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29 May 2021 2:27 am
Gold Closes Higher to Expand Weekly and Monthly Gains
Gold prices rose on Friday, extending weekly and monthly gains and restoring the $1,900 level. As recent data showed a surge in inflation, gold and other safe haven assets saw increased demand. Gold futures for August delivery rose by $6.80, or 0.4%, to close at $1,905.30 per ounce. This marked …
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29 May 2021 1:50 am
U.S. Treasury Bond Yields Decline for the Week
Return on the U.S. Treasury bonds declined on Friday, as the personal consumption indicators showed another surge in inflation. The rising inflation is increasing investors’ demand for safe haven assets, like the Treasury bonds, even though most expectations lean towards inflationary pressures being temporary. The benchmark 10-year Treasury bond yield …
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29 May 2021 1:28 am
Dollar Erases Most Daily Gains to Settle Marginally Higher
The U.S. Dollar (USD) gave up most of its gained on Friday, which were supported by the positive economic data. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up for the day by less than 0.1% at 90.06. Early in …
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