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Market Analysis

November, 2021

  • 26 November 2021 11:34 pm

    Rate Hikes Speculations Push EUR/GBP Higher

    The EUR/GBP pair spiked towards 0.8500 on Friday as markets are being quacked by the latest Covid-19 variant developments.The pair benefitted from a moderation of global central bank rate hikes. EUR/GBP saw sharp upside on the final trading day of the week, surging from close to the 0.8400 level to …

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  • 26 November 2021 10:35 pm

    Virus Variant Impacts T-Yields, USD

    On Friday, US Treasury yields experienced sharpest drop since the pandemic began as investors rushed toward safe haven assets following the emergence of a new coronavirus variant in South Africa.The two-year Treasury yield, which typically moves in step with interest rate expectations, was down 14.2 basis points at 0.502, the …

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  • 26 November 2021 9:54 pm

    COVID Variant, Lockdown Fears Behind Dow ‘s Worst Day in 2021

    US shares dropped on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed. Trading volumes were low due to the Thanksgiving holiday in the US, which contribute to the market’s volatility. Major benchmarks fell sharply …

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  • 26 November 2021 8:56 pm

    WTI Retreats By More Than 11%

    WTI crude oil has been under severe selling pressure in recent trade. Oil has settled under $70.00, marking a more than 11% decline on the day, its worst session since last year when future contracts swung deeply into negative territory in April 2020.The oil market’s implosion comes on a day …

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  • 26 November 2021 8:42 pm

    SA Reacts To European New Variant Comments

    European Central Bank Vice President Luis de Guindos said on Friday that the new Covid-19 variant is worrying.“We have to be patient even if markets are volatile, my personal opinion that policy will remain accommodative”, de Guindos added.On the PEPP, he said, it will end in its expected size at …

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  • 26 November 2021 8:27 pm

    Could New Variant Impact Forex Markets?

    Concerning new variant, the latest data from South Africa regarding a recently discovered new Covid-19 variant has caused global health authorities and the scientific community highly concerned. There is a chance that 1) the variant might be more infectious than the Delta variant and 2) might be vaccine-resistant. According to …

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  • 26 November 2021 8:16 pm

    AUD/USD Continues To Trade Heavily With Consolidation

    AUD/USD is consolidating in the mid-0.7100s having nearly hit the 0.7100 level earlier in the session. The pair is on course for steep daily losses amid heightened pandemic fears.A break of 0.7100 could see the pair drop quickly to 0.7000. The pair also tumbled below key support in the form …

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  • 26 November 2021 7:52 pm

    Lagarde: Inflation to Slow From January

    European Central Bank President Christine Lagarde said on Friday that she expects inflation to begin to slow from January.“We will take action if it becomes necessary, she added, before stating that, under the current conditions, she also expects the Eurozone will no longer need net bond purchases under the PEPP …

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  • 26 November 2021 6:01 pm

    Pfizer: Expects to Develop And Produce New Vaccine in About 100 Days

    Pfizer

    According to vaccine-maker Pfizer, in case there was a “vaccine-escape” variant, the company expects to be able to develop and produce a new tailor-made vaccine against that variant within about 100 days.

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  • 26 November 2021 4:40 pm

    Bitcoin Drops About 8% With The Discovery of a New Mutated Strain of Covid-19

    Bitcoin tumbled nearly 8% Friday, November 26, after the discovery of a new, potentially vaccine-resistant mutated strain of the coronavirus, prompting investors to dump riskier assets for assets they consider safer such as bonds, the yen, and the dollar. Bitcoin, the largest cryptocurrency, fell as much as 7.8% to $54,377, …

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  • 26 November 2021 3:26 pm

    The Collapse of US Futures Contracts Ahead of The Opening

    The futures contracts of US stock indices recorded a very negative performance before the opening of trading in light of global concerns about the new Coronavirus, which led to strong fluctuations in global financial markets. The futures contracts for the DOW JONES index decreased by 2.20% and settled at the …

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  • 26 November 2021 2:39 pm

    European Stocks Collapse Sharply in Early Trading

    European shares recorded a strong collapse in early trading today, Friday, due to new concerns about the new Coronavirus, which swept the world yesterday, Thursday, after the high rate of infections strongly. During Friday’s trading, the European Eurostoxx index fell by 2.4%. The German DAX 30 index also fell by …

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  • 26 November 2021 1:32 pm

    Why Gold Prices Have Surged?

    Gold rose Friday morning in Asia, poised for its worst week in five months on growing bets. The US Federal Reserve will begin to taper and raise interest rates faster than expected to stem rising inflation. Gold futures rose 0.76% to $1,797.80. The yellow metal fell more than 2.8% during …

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