Home sales in the United States continued to decline during April for the third consecutive month, data showed on Friday. According to the National Association of Realtors (NAR) existing home sales fell by 2.7% to a seasonally adjusted annual rate of 5.85 million units last month. Meanwhile, home sales rose …
Read More »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 …
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 …
Market Analysis
May, 2021
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21 May 2021 7:20 pm
U.S. Factory, Services Activities Expand in May
Factory activity in the United States expanded this month, supported by a robust local demand, data showed on Friday. The flash U.S. manufacturing purchasing managers’ index (PMI) rose to 61.5 in the first half of May from 60.5 in April, according to IHS Markit. This marked the highest reading for …
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21 May 2021 5:44 am
Federal Reserve Studying Plans for Digital Currency
The United States Federal Reserve is showing more signs that it is moving forward with efforts to establish its own official digital currency. The Fed announced on Thursday that it plans to publish a research paper in the summer that explores the prospects of issuing a digital currency, CNBC reported. …
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21 May 2021 4:35 am
Wall Street Rises for First Time in Four Sessions
The New York Stock Exchange (NYSE) closed higher on Thursday, following three consecutive declines, as risk appetite improved with Wall Street investors reversing the recent selling pressures. Inflation fears seem to be fading by the recently released minutes from the Federal Reserve’s latest meeting, which showed an expectation of discussing …
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21 May 2021 3:14 am
Kaplan: Fed Might Need to Change Policy Sooner Than Later
The United States economy is showing some recovery signs and the Federal Reserve might sooner rather than later start considering reducing its monetary support and easing policies, President of the Federal Reserve Bank of Dallas Robert Kaplan said on Thursday. “Maybe taking the foot gently off the accelerator would be …
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21 May 2021 1:07 am
Oil Maintains Losses For Third Straight Day
Oil prices declined on Thursday for the third consecutive session, with expectations that progress in talks between the United States and Iran regarding the nuclear deal might lead to lifting sanctions, thus increasing market supplies. Brent crude futures for July delivery fell by $1.55, or 2.3%, to finish at $65.11 …
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21 May 2021 12:30 am
Biden to Propose New Budget Next Week
The President of the United States, Joe Biden, is set to reveal his first detailed budget proposal on May 28, the White House announced on Wednesday. The new budget will be for the upcoming fiscal year starting next October. Biden took office last January, making this the first fiscal year …
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20 May 2021 11:47 pm
Dollar Erases All Gains Driven by Fed’s Meeting Minutes
The U.S. Dollar (USD) returned to the downward trend on Thursday, declining against most major currencies and erasing its short-lived gains following the release of the Federal Reserve April’s meeting minutes yesterday. Markets were relatively taken by surprise when the minutes showed that although members of the Federal Open Market …
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20 May 2021 10:40 pm
Gold Extends Best Rising Streak in a Year
Gold prices rose on Thursday, recovering from a brief earlier decline, extending its rising trend to the sixth consecutive session. This is the longest rising streak for the yellow metal contracts since the beginning of the year. Gold is maintaining its gains despite the improvement in risk sentiment, as evident …
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20 May 2021 9:51 pm
European Stocks Rebound and Close Higher
European stocks finished Thursday on a higher note, supported by an improved risk appetite and investors seeking to purchase shares at relatively low prices, following the recent drop due to inflation fears. After recent selling pressures, the European stocks markets regained some ground in today’s session, with the pan-European STOXX …
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20 May 2021 9:00 pm
Philly Fed’s Business Index Falls in May
The Federal Reserve Bank of Philadelphia’s business activity index declined to 31.5 this month from 50.2 in April, showing a steep decline in activity. The survey results, published on Thursday, indicated that factory activity plummeted this month, following its best increase in about 50 years last month. The employment index …
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20 May 2021 8:00 pm
UK Factory Orders Surge in May
Industrial orders in the United Kingdom (UK) rose this month by the fastest pace since December 2017, data showed on Thursday. The industrial orders balance increased to 17 in May from -8 in April, according to the Confederation of British Industry (CBI). During the past three months, the total growth …
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20 May 2021 7:36 pm
Japan’s Exports Register Biggest Increase in 11 Years
Japanese exports recorded in April its largest increase since 2010, increasing hopes for recovery from the impacts of the coronavirus pandemic, official data showed on Thursday. Last month, Japan’s exports grew by 38% on an annual basis, exceeding market expectations of a less than 31% increase, and more than double …
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