The New York Stock Exchange (NYSE) closed lower on Monday, following a week that saw multiple record-breaking, as Wall Street investors leaned towards profit making. The Dow Jones Industrial Average declined by 123 points, or 0.36%, to finish at 34,077.63 points. The S&P 500 index fell by 22.21 points, or …
Read More »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 …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
April, 2021
-
20 April 2021 12:10 am
Expectations by Goldman Sachs Supporting the Euro
Goldman Sachs is expecting the Euro (EUR) to continue to rise against the U.S. Dollar (USD), advising investors to go long on the European currency, according to a recent note. Following the report, the EUR/USD pair reached its highest level in about six weeks on Monday. The investment bank is …
Read More » -
19 April 2021 11:17 pm
Oil Closes Higher amid Supply Disruptions
Oil prices finished higher on Monday, due to supply disruptions in Libya and expectations for a recovery in the global demand. Brent Crude futures for May increased by 24 cents, or 0.36%, to $67.01 per barrel. Meanwhile, the May West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, …
Read More » -
19 April 2021 10:59 pm
GBP/USD Surges to Highest Level in a Month
The British Pound (GBP) is rising on Monday against the declining U.S. Dollar (USD), supported by improved expectations in the UK and the anticipation for upcoming economic data. The GBP/USD pair is trading higher for the day by 1.13% at 1.3988. The pair has exceeded its best level in over …
Read More » -
19 April 2021 10:39 pm
Gold Closes Lower Following Large Weekly Gains
Gold prices closed lower on Monday, after recording its best weekly performance since December 18 last week. The yellow metal’s decline comes despite the decline of the U.S. Dollar (USD) near its lowest level in about six weeks. Gold futures for June delivery decreased by $9.60, or 0.5%, to finish …
Read More » -
19 April 2021 10:00 pm
European Stocks Finish Marginally Lower
European stocks closed slightly lower on Monday, following surges to new record highs by the end of last week. Mixed signals and a decline in Wall Street seemingly left their toll on the European stock exchanges. The pan-European STOXX 600 index closed marginally lower by 0.15 points to finish nearly …
Read More » -
19 April 2021 7:11 pm
USD Maintains Downward Trend
The U.S. Dollar (USD) continued to decline on Monday, starting the week in a downward trend as the risk appetite among investors continue to improve. The Dollar Index (DXY) that measures the greenback against six currencies is down by 0.43% at 91.16. Earlier today, the index fell as low as …
Read More » -
19 April 2021 5:18 pm
Canada’s Housing Starts Increase in March
Housing starts in Canada increased to 273,664 units last month up from 252,636 units in February, data by Canada Mortgage and Housing Corporation (CMHC) showed on Monday. The standalone monthly seasonally adjusted annual rates (SAAR) of housing starts for all areas in Canada stood at 335,200 units in March, rising …
Read More » -
19 April 2021 4:04 pm
Spain’s Health Ministry: Considering Delaying Second Dose of Moderna, Pfizer Shots
Spain’s Health Ministry announced on Monday that it is considering delaying second doses of coronavirus vaccines developed by Pfizer and Moderna, El Mundo newspaper reported on Monday, citing an official document. The proposal is under consideration for under 80-year-olds to maximize the number of people who have received at least …
Read More » -
19 April 2021 4:03 pm
Bitcoin Begins The Week With a Record Drop
Bitcoin traded at around $ 57,350 on Monday, after dropping as much as 15% on Sunday on the back of a drop in shares associated with cryptocurrency trading or bitcoin mining the previous week. The losses came after Bitcoin on Wednesday jumped over $64,000 for the first time ever due …
Read More » -
19 April 2021 2:35 pm
Currencies Overview: Dollar is Hovering Near Its Lowest Level in a Month as US Bond Yields Decline
On Monday, the dollar settled near its lowest level in a month against other currencies, while US Treasury bond yields hovered near the lowest level in five weeks after the Federal Reserve confirmed its view that any increase in the rate of inflation is likely to be temporary. The US …
Read More » -
19 April 2021 2:26 pm
The Eurozone Current Account Surplus Shrank in February
The European Central Bank reported Monday that the euro zone’s current account surplus narrowed in February due to a decline in net exports of goods and services. The bloc, which includes 19 euro-trading nations, recorded a current account surplus of 25.9 billion euros in February, down from 34.7 billion in …
Read More » -
19 April 2021 1:41 pm
Oil Falling as Demand Fears Increase Due to High Rate of Corona Cases
Oil prices fell on Monday, as the increase in coronavirus cases in India and other countries raised fears of stronger measures to contain the pandemic that would affect economic activity and demand for basic commodities such as crude. Brent crude was down 23 cents, or 0.3%, to $ 66.54 a …
Read More »