Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …
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
-
7 April 2021 6:41 pm
Canada: International Trade Surplus Narrows to $1.04 Billion
Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.
Read More » -
7 April 2021 5:21 pm
US: Goods and services Trade Deficit Widens to $71.1 Billion
The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
Read More » -
7 April 2021 5:09 pm
Record Levels of Electric And Hybrid Vehicle Sales in The UK
In a sign of the accelerating shift towards electric cars in Britain, last March recorded sales of 13.9 percent of total car sales in the country, a record high compared to March 2020, when sector sales recorded only 7.3 percent According to the Association of Car Manufacturers and Dealers in …
Read More » -
7 April 2021 4:38 pm
IMF: Global Economy to Grow by 6% in 2021
After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …
Read More » -
7 April 2021 4:01 pm
Erdogan Pledges to Reduce The Interest Rate to Less Than 10%, Turkish Lira Declining
The Turkish lira lost about 13% of its value within two weeks due to the dismissal of the Turkish President, Recep Tayyip Erdogan, to the former central bank governor, Naji Iqbal, after the latter raised the interest to 19%, with the aim of tightening monetary policy, controlling inflation rates, and …
Read More » -
7 April 2021 3:12 pm
Eurozone: Business Activity Returns to Growth in March
A survey published today, Wednesday, April 7 showed that business activities in the Eurozone returned to growth last month, supported by a record expansion in the manufacturing sector, and that the services sector is facing new lockdown measures better than expected. Europe is fighting a third wave of the spread …
Read More » -
7 April 2021 2:37 pm
Currencies Overview: The US Dollar Near Its Lowest Level in Two Weeks
The dollar hovered near its lowest level in two weeks after the US Treasury bond yields retreated from their recent high levels, while market participants await the US Federal Reserve meeting minutes, which will be released later during the session, to determine the future course of the US currency. The …
Read More » -
7 April 2021 1:44 pm
UAE Appoints a New Governor For The Central Bank
The official Emirates News Agency (WAM), citing a decree, stated that the President of the United Arab Emirates, Sheikh Khalifa bin Zayed, appointed Khaled Al Tamimi as Governor of the Emirates Central Bank. Al-Tamimi, who previously served as deputy governor of the Central Bank, will replace Abdul Hamid Saeed Al-Ahmadi. …
Read More » -
7 April 2021 1:36 pm
European Shares Hovering Near a Record High
European stocks hovered near record highs on Wednesday, April 7, as investors awaited data on service sector activity in the region, while British stocks outperformed the rest of the market, supported by optimism about rapid vaccination campaigns and a weak sterling pound. The pan-European STOXX 600 index fell 0.2% after …
Read More » -
7 April 2021 12:58 pm
Oil Prices Rising on Stronger Economic Outlook and Declining US Inventories
Oil prices rose Wednesday, April 7, thanks to the possibility of stronger global economic growth in light of an increase in vaccinations and a report stating that crude stocks in the United States, the largest consumer of fuel in the world, fell. But optimism about talks between the United States …
Read More » -
7 April 2021 12:40 pm
The Pandemic Pushes Germany’s Deficit to Its Highest Level in 30 Years
The German Statistics Office said that the country’s public sector deficit amounted to 189.2 billion euros in 2020 due to the Coronavirus pandemic, the first deficit since 2013 and the highest in the budget since the reunification of Germany thirty years ago. The pandemic, which killed more than 77,000 in …
Read More » -
7 April 2021 12:22 pm
Gold Rises 1% With the Decline of US Dollar And US Treasury Yields
Gold prices jumped about 1% to the highest level in more than a week today, Tuesday, supported by the decline in the dollar and US Treasury yields. Gold recorded in immediate transactions 1743.20 dollars per ounce at the end of the trading session, up 0.86%, after it earlier jumped to …
Read More »