The Central Bank of Russia said on Wednesday that it expects inflation rate to gradually decline from its 5.8% peak this month. Last month, consumer prices in Russia recorded their biggest increase since 2016. Accordingly, the Russian central bank decided in March to raise its main interest rate to 4.5%.
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
April, 2021
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14 April 2021 11:00 pm
Gold Closes Lower Pressured by Treasury Yields
Gold prices finished lower on Wednesday, due to a rise in U.S. Treasury bond yields, abolishing all of yesterday’s gains and settling below $1,740 an ounce. A decline by the U.S. Dollar (USD) across the board might have limited the yellow metal’s losses, which might have expanded as Bitcoin exceeded …
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14 April 2021 10:49 pm
European Stocks Close Mostly Lower on Positive Earnings Reports
European stocks closed mostly higher on Wednesday, amid investors’ optimism about earnings reports. The STOXX Europe 600 index rose by 0.22% to close at 436.71 points. Meanwhile, the UK’s FTSE100 finished higher by 0.71% with expectations for easing lockdowns. In France, the benchmark index CAC40 rose by 0.40%. On the …
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14 April 2021 7:51 pm
Coinbase Foresees Strong Stock Market Debut
Coinbase Global Inc witnessed a strong debut on the stock market on Wednesday, reaching a valuation of around $91 billion. Today marked the Cryptocurrency exchange debut on the Nasdaq, which indicated to open at a share price of $350-355, compared with a a reference price of $250. Listing the company …
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14 April 2021 6:15 pm
Fed’s Kaplan: Full Employment Will Need Some Time
President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Wednesday that it will be a while before the United States reaches full employment. However, Kaplan said that the Fed should start reducing what he sees as extraordinary measures, “at the first opportunity once we’ve reached, and are …
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14 April 2021 4:40 pm
U.S. Records Higher Prices of Imports and Exports in March
Import prices in the United States increased by 1.2% during March, signaling another rise in inflation rates, data by the U.S. Department of Labor showed on Wednesday. This marker the fifth consecutive monthly rise in import prices, which increased by 6.9% on an annual basis, recording its biggest increase since …
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14 April 2021 3:39 pm
Currencies Overview: Dollar Near Its Lowest Level in a Month
The dollar settled near its lowest level in a month on Wednesday as strong demand in a US bond auction led to a broad drop in Treasury yields and curtailed the interest rate advantage that the greenback enjoyed against other major currencies. In early trading in London, the dollar rose …
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14 April 2021 3:37 pm
Dogecoin Reaches an All-Time High
The coin that has made the cryptocurrency market so hype thanks to the tweets of auto giant Tesla founder appears to have usually woken up. Like all other digital currencies that benefit from the upcoming offering of Coinbase today on the Nasdaq market, however, the matter was very interesting with …
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14 April 2021 2:06 pm
EU Commission Unveils Plan to Raise up to EUR800 Billion to Fund The Recovery
The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058. “EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.” “Borrowing to …
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14 April 2021 2:05 pm
Eurozone Industrial Production Drops by 1% in February
Eurozone’s Industrial Production in Germany showed a lesser-than-expected decrease in February, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is far from gaining traction. The industrial output in the bloc arrived at -1.0% MoM vs. a 1.1% drop expected and 0.8% …
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14 April 2021 1:14 pm
European Parliament Postpones a Decision on a Final Vote on a Trade Agreement With Britain
The European Parliament gave the green light Tuesday (April 13th) to the two main committees to vote this week on a trade pact between the European Union and the United Kingdom, but postponed a decision on whether the full parliament will give its approval later this month. The European Parliament …
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14 April 2021 1:12 pm
SAP and LVMH Earnings Push European Stocks Higher
European stocks rose on Wednesday, as positive business results for German software company SAP and French luxury goods maker LVMH offset fears of a possible setback for the COVID-19 vaccination program on the continent. The European Stoxx600 index rose 0.1%, with shares of the technology and personal and household goods …
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14 April 2021 12:29 pm
Oil Continues to Rising But Virus Fears Dampen Gains
Crude oil rose on Wednesday, April 14, after data in the sector showed that US inventories fell more than expected, while OPEC raised expectations for crude demand, but concerns about the Coronavirus and increasing supplies curbed the gains. Brent crude futures rose 85 cents, equivalent to 1.3%, to $64.52 a …
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