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Market Analysis

May, 2021

  • 26 May 2021 11:00 pm

    GBP Declines As USD Strengthens

    The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD), as the later rose across the board on the back of inflation fears easing after recent remarks by Federal Reserve officials. The GBP/USD pair is down for the day by about 0.20% at 1.4125. The pair has been …

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  • 26 May 2021 10:30 pm

    European Stocks Mixed as Reflation Fears East

    European stocks rose on Wednesday, as inflation fears eased with an improvement in the risk sentiment among investors. The STOXX Europe 600 index finished marginally higher by a fraction of a point, to remain near its record highs. The travel and leisure stocks rose by about 1% on recovery hopes, …

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  • 26 May 2021 9:00 pm

    U.S. Mortgage Applications Decline 4.2%

    Mortgage applications in the United States declined last week, despite the remaining historically low interest rates, data showed on Wednesday. The seasonally adjusted Purchase Index fell by 4.2% in the week ended May 21 on a weekly basis, according to the Mortgage Bankers Association (MBA). Data showed a 7.2% decrease …

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  • 26 May 2021 7:59 pm

    USD Rebounds Across the Board

    USD

    The U.S. Dollar (USD) rose on Wednesday against international peers, supported by the dovish tone by Federal Reserve officials, which helped reduce reflation fears among investors. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.39% at 89.99. The …

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  • 26 May 2021 5:39 pm

    Amazon Says it Has Reached an Agreement to Acquire MGM For $ 8.45 Billion

    Amazon

    Amazon said it reached a deal to acquire MGM for $ 8.45 billion, to support the company’s efforts to cement its position in the entertainment and internet streaming sector. The deal is the largest since Amazon acquired Whole Food in 2017 for $ 13.7 billion.

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  • 26 May 2021 4:51 pm

    Bitcoin at Important Levels

    It seems that digital currencies are on the way for the second day in a row towards recovering from the effects of the painful blows they took by surprise. The digital currencies managed to record a positive performance for the second day in a row, raising their market gains to …

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  • 26 May 2021 3:54 pm

    Japan’s Government Cuts Economic View in May

    Japan

    In its May report, the Japanese government slashed its economic view for the first time in three months, in the face of the impact of the COVID-19 state of emergency. “The government cut its assessment of the overall economy for the second time this year, after also doing so in …

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  • 26 May 2021 3:27 pm

    US Bond Yields Continue to Decline

    The yield on the benchmark 10-year US Treasury bonds changed slightly at 1.56% today, Wednesday, near levels not seen in a month, amid easing inflation concerns. Many officials have continued to emphasize that most price increases should be temporary and affirmed their support for keeping monetary policy easing for some …

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  • 26 May 2021 2:35 pm

    Oil Stabilizes as Optimism About Demand Prevails Over Iran’s Supply Concerns

    Oil stabilized today and traded within a narrow range amid optimism about an improvement in fuel demand in the United States, but the possibility of Iranian oil returning to the markets pressures prices. Brent crude rose 14 cents, equivalent to 0.2%, to $ 68.79 a barrel, and US West Texas …

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  • 26 May 2021 1:50 pm

    The US Dollar Settled And The New Zealand Dollar Maintains Its Gains After Surprising Expectations of a Rate Hike

    USD

    The US dollar stabilized near its lowest level in five months in early trade in London on Wednesday, while the New Zealand dollar rose by more than 1% in light of the country’s central bank hinting at the possibility of a rate hike in September 2022. The dollar index recorded …

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  • 26 May 2021 1:21 pm

    European Stocks Rise as Central Banks Pledge Easy Monetary Policies

    European stocks rose near their highest levels ever today, Wednesday, amid pledges by a number of policymakers in central banks to maintain a soft monetary policy despite recent indications of rising inflation. The European Stoxx 600 index rose 0.3%, the German DAX index rose 0.4%, the French CAC 40 index …

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  • 26 May 2021 12:42 pm

    Gold Breaks Through The $ 1900 Barrier

    Today, gold prices surpassed the psychologically important level of $ 1900 an ounce, supported by the dollar’s decline and growing concerns about inflation after US Federal Reserve officials maintained a more accommodative stance on interest rates. In Asian trading, gold in spot transactions increased 0.3% to 1,905.36 dollars an ounce, …

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  • 26 May 2021 12:20 pm

    Japan Shares Snapped Slight Gains By The End of Asian Session

    Japan

    Japanese stocks made slight gains today, Wednesday, to record up for the fifth consecutive day, but lacked momentum in light of the uncertainty surrounding the global inflation situation and the local cases of coronavirus, which discourages investors from testing major resistance levels on the upside. The Nikkei index rose 0.31% …

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