“Vaccinations are our armor,” said New Zealand Prime Minister Jacinda Ardern while revealing the new governmental measures to battle the coronavirus during Friday morning in Asia.“In a suite of announcements that establish a pathway out of restrictions the NZ government is also providing up to $940 million per fortnight to …
Read More »Bitcoin Retreats as ‘Uptober’ Optimism Fades Despite Improved Global Sentiment
Bitcoin extended losses on Tuesday, reversing a brief weekend recovery as crypto markets failed to f…
Dollar’s Dilemma Amidst Powell’s Blackout, Trump’s Noise
The US Dollar (USD) is currently mired in a period of intense uncertainty, trapped between two power…
Beyond Washington: Are Global Policymakers Now Driving Trading Portfolios?
The new trading week has opened with global markets locked in a state of unsettling indecision, char…
U.S. Stocks Surge as Earnings Optimism, Easing Bank Worries Fuel Risk Appetite
U.S. stocks closed sharply higher on Monday, October 20, 2025, driven by a broad-based rally fueled …
Gold’s Ascent: A $4,300+ Bet Against the Dollar and Global Stability?
Gold is on a meteoric rise, currently trading at a record high of $4,366.415 per ounce (XAU/USD), dr…
As Global Growth Stumbles, IMF: Time to Ditch the Policy Playbook That’s Failing Us
The latest World Economic Outlook paints a grim picture of a global economy in flux, with growth pro…
Will the Euro Crack Under Trade Hopes and Structural Woes?
Trade tensions between the US and China have long cast a shadow over global markets, but recent glim…
Explainer: Why Australia Considers Rare Earth Standoff As A Chance
China’s recent escalation in rare earth export controls has sent shockwaves through global mar…
Trump Tightens His Grip: Inside the President’s Plan to Reshape the Federal Reserve
US President Donald Trump, now well into his second term after returning to the White House in Janua…
Gold Edges Higher as Softer U.S.–China Tone Offsets Profit-Taking; Silver Near Records
Gold rebounded on Monday, reclaiming part of last week’s pullback as traders digested more conciliat…
Market Analysis
October, 2021
-
22 October 2021 2:31 am
Lowe: Wages key to Australia’s inflation prospects
“The RBA is closely watching a spike in inflation,” said the Reserve Bank of Australia Governor Philip Lowe while speaking before a conference hosted by the Universidad de Chile on early Friday morning.The policymaker has added that he did not think the rise would be sustained unless it led to …
Read More » -
22 October 2021 2:05 am
Evergrande’s Make or Break Weekend
The giant Chinese real estate developer has become cash-strapped and now risks default if it fails to pay its gross debt.After Evergrande’s efforts to sell its stake of 50 per cent of EPS to rival Hopson Development had collapsed, depriving it of valuable cash to ease the pressure on its …
Read More » -
22 October 2021 1:06 am
GBP/USD reaches fresh monthly lows at 1.3776
The US Dollar is firmly up on Thursday over the back of inflation-related concerns in addition to the decline of U. S. Initial Jobless Claims for the second week, at 290K. Meanwhile, the British pound has extended its slide below 1.3800 during the New York session, with losses at 0.26%, …
Read More » -
22 October 2021 12:33 am
USD ready to resume advance
Risk turned off on Thursday leading the USD to reap the most out of it. The dollar weaker yesterday, but it managed to appreciate against most major rivals, except safe-haven CHF and JPY.There was no certain catalyst behind the retreating risk appetite although inflation-related concerns constitute one part of the …
Read More » -
22 October 2021 12:15 am
Weidmann’s successor difficult test ahead German economy
Bundesbank president Jens Weidmann has thrown an additional wild card on the negotiation table for Germany’s economy after Merkel’s last term in office.After 10 years opposing the ECB’s loose fiscal policy,the German economist announced his departure on Wednesday for personal reasons. Last month’s election pushed has pushed Dr Weidmann out …
Read More » -
21 October 2021 10:48 pm
Treasury yields climb over jobless data
Treasury yields were slightly higher Thursday as U.S. weekly jobless benefit claims fell with a reading of initial jobless claims for the week ended Oct. 16 which dropped by 6,000 to pandemic low of 290,000.Yields were drifting higher as weekly jobless claims showed companies shying away from layoffs amid the …
Read More » -
21 October 2021 10:37 pm
RBA reveals $4.3bn accounting loss
Australia’s Reserve Bank made a multibillion-dollar loss on its securities and foreign exchange transactions during last financial year as unrealised valuation losses. The RBA recorded a $4.3 billion accounting loss in the 2020-21 financial year. The RBA admitted higher interest rates could further hit its bottom line while beefing up …
Read More » -
21 October 2021 10:07 pm
Bitcoin back near record highs
Houston’s pension fund for its firefighters said Thursday it bought $25 million worth of bitcoin and ether for its defined-benefit plan’s portfolio, the latest move by an institutional investor into digital assets.The Wall Street Journal reported that this move comes as bitcoin powered back to a record above $66,000 earlier …
Read More » -
21 October 2021 9:58 pm
Bitcoin temporarily crashed 87% to about $8,000 on but only on Binance
Bitcoin stumbled to $8,200 on Binance’s trading platform. This temporal decline in the leading cryptocurrency was an 87% fall from $65,815.Binance’s CEO Changpeng Zhao tweeted: “Expect very high volatility in #crypto over the next few months.”The coin had been trading around $65,000 when Binance posted a candle that showed the …
Read More » -
21 October 2021 9:41 pm
Barclays profit gets boost from investment banking
Barclays reported better than expected Q3 profits on Thursday, following its Wall Street rivals in receiving a strong push from investment banking.The British bank reported Q3 profit of £1.45 billion vs expected £931.25 million. The figure marks a significant increase from the £611 million reported for Q3 last year.“For many …
Read More » -
21 October 2021 8:49 pm
Wall Street Flat, IBM Earnings Impact Tech Stocks
U.S. stock indexes remained flat on Thursday as losses in IBM’s earnings impacted technology shares. The Dow Jones retreated after hitting an intraday record high in the previous session, while the S&P 500 Index was just about 15 points short of from its early September record.Eight of the 11 major …
Read More » -
21 October 2021 8:06 pm
U. S. EIA: Natural gas inventories climb to 92 billion cubic feet
The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas climbed by 92 billion cubic feet for the week ended Oct. 15.Following the data, November delivery of natural gas extended decline, trading down 11.5 cents, or 2.2%, at $5.062 per million British thermal units. Prices were …
Read More »