Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …
Read More »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 …
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…
Market Analysis
April, 2021
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13 April 2021 11:18 pm
Gold Rises for First Time in Three Sessions
Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …
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13 April 2021 11:00 pm
European Stocks Return to Gains Approaching Record Highs
European stocks closed higher on Tuesday, near their all-time highs, amid anticipation for major economic data and earnings reports. The STOXX Europe 600 index gained 0.13% to finish at 435.80 points. Retail stocks led the gains, adding 1.6%, while the banking sector topped the losses and fell by 0.6%. The …
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13 April 2021 7:36 pm
Wall Street Mixed Following Inflation Data and Vaccine News
The New York Stock Exchange (NYSE) is showing a mixed performance on Tuesday, following the release of inflation data for March and halting the distribution of the Johnson & Johnson coronavirus single-dose vaccine. The Dow Jones Industrial Average gave up a record high ad decline by around 0.26% to 33,660 …
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13 April 2021 6:02 pm
U.S. to Halt Johnson & Johnson’s vaccine
Health authorities in the United States on Tuesday recommended stopping the use of the Johnson & Johnson’s coronavirus vaccine, Reuters reported. Hopes were high for the single-dose vaccine, however, it was recently reported that six females under the age of 50 years developed rare blood clots after receiving the shot. …
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13 April 2021 5:32 pm
Dollar Drops Following Inflation Data
The U.S. Dollar (USD) turned to the negative side on Tuesday, following the release of the consumer price index (CPI) March reading. The CPI increased by more than expected last month, rising by 0.6% on a monthly basis and by 2.6% on an annual level. A surge in gasoline prices …
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13 April 2021 4:43 pm
US Annual Core Inflation Rises to 1.6% in March
Inflation in the US, as measured by the Consumer Price Index (CPI), rose to 0.6% on a monthly basis in March from 0.4% in February. to be updated…
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13 April 2021 4:41 pm
OPEC Raises 2021 World Oil Demand Growth Forecast
In its latest monthly report, the Organization of the Petroleum Exporting Countries (OPEC) raised its forecast for global oil demand growth in 2021 to 5.95 million barrels per day from 5.89 million barrels per day in the previous report, per Reuters. “There have been sizeable drawdowns in global inventories since mid-2020 …
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13 April 2021 3:48 pm
Currencies Overview: Dollar Rises From Nearly Three-week Low as Trader Brace For Inflation Data
The dollar rose from a nearly three-week low against the major rivals on Tuesday, buoyed by a surge in US Treasury bond yields, as investors awaited closely watched US inflation data, which is scheduled for release later on Tuesday. The dollar had retreated, as did US bond yields this month, …
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13 April 2021 3:44 pm
German ZEW Economic Sentiment Index Drops April
The ZEW Institute for Economic Research said that investor sentiment in Germany recorded a sudden decline in April, pointing to growing concerns about the imposition of tougher isolation measures in Europe’s largest economy, reducing private consumption. The German ZEW headline numbers for April showed that the Economic Sentiment Index dropped …
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13 April 2021 3:41 pm
US Recommends Pause For Johnson & Johnson COVID-19 Vaccines Over Clot Reports
The US Food and Drug Administration said it is asking states to temporarily stop using Johnson & Johnson’s Covid-19 vaccine after 6 people in the United States developed a rare blood clotting disorder. The US Food and Drug Administration said the recommendation “results from an abundance of caution,” adding that …
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13 April 2021 2:32 pm
Bitcoin Hits Record Highs
It reached an unprecedented peak at $ 62,575, to continue its series of gains in 2021 and reach a new peak. The price of the largest cryptocurrencies in the world has more than doubled this year amid the growing acceptance of the traditional financial sector as an investment tool and …
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13 April 2021 2:15 pm
Turkish Industrial Production Rose 8.8% in February, YoY
Data showed that industrial production rose 8.8% on an annual basis in February, which is in line with expectations and indicates its growth for the ninth month in a row after it was affected last year as a result of measures to contain the Coronavirus pandemic. The Turkish Statistics Institute …
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