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Oil prices increased by more than a dollar during the European session, after a major sell-off witnessed in the previous session, as a new wave of Coronavirus cases across Europe triggered general isolation measures and dampened hopes for an imminent oil demand recovery. Brent crude rose $ 1.01, or 1.6%, …
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12 February, 2025 11:14 pm
Wall Street’s Latest Earnings Season: A Story of Two Realities
US companies have delivered a robust earnings season, exceeding expectations and demonstrating signi…
12 February, 2025 10:22 pm
Rate Cuts Sharply Dimmed Following Hot CPI Report, Powell’s Hawkish Rhetoric
Expectations for Federal Reserve interest rate cuts have taken a significant hit following the relea…
12 February, 2025 9:35 pm
Pound Sterling Under Pressure: US CPI Data Triggers Dollar Rally
The GBP/USD fell below 1.2400 after stronger-than-expected US inflation data was released. The pair …
12 February, 2025 8:26 pm
Powell Testimony Live: Will Recent Inflation Data Impact the Fed’s Plans
Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), testifies once again on the semiannual Mo…
12 February, 2025 7:18 pm
US Consumer Price Inflation Exceeds Market Expectations
US consumer price index (CPI) readings for January showed a higher-than-expected increase, driven by…
12 February, 2025 5:23 pm
Oil Prices Decline as U.S. Crude Stockpiles Rise and Powell Signals Cautious Rate Cuts
Oil prices fell on Wednesday, ending a three-day winning streak, as data showed a sharp rise in U.S.…
12 February, 2025 3:16 pm
U.S. Futures Edge Lower Ahead of Key Inflation Report
U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflat…
12 February, 2025 12:56 pm
European Stocks Rise Cautiously Ahead of U.S. Inflation Data
European stock markets edged higher on Wednesday, as investors awaited the latest U.S. inflation rep…
12 February, 2025 11:51 am
Dollar Pauses Tariff-Driven Rally Ahead of U.S. Inflation Data
The U.S. dollar retreated slightly on Wednesday as traders awaited key U.S. inflation data and updat…
12 February, 2025 11:07 am
Gold Retreats from Record Highs as Powell Signals No Rush for Rate Cuts
Gold prices pulled back from record highs in Asian trading on Wednesday, pressured by rising Treasur…
Market Analysis
March, 2021
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19 March 2021 5:44 pm
US: Philadelphia Fed Manufacturing Index Jumps to 51.8 in March vs. 23.1 Expected
The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey improved sharply to 51.8 in March from 23.1. This reading beat the market expectation of 23.1 by a wide margin.
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19 March 2021 4:19 pm
Germany’s Health Minister Warns Against Re-imposing Restrictions Amid The Surge in Coronavirus Cases
A health official in Germany said today, Friday, that the number of Coronavirus cases is rising dramatically. Lars Shade, vice president of the Robert Koch Institute for Infectious Diseases, urged people not to travel during the Easter holidays to contain the increase in cases. Today’s data of the Robert Koch …
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19 March 2021 4:05 pm
Russia: OPEC+ Decision Supports The Budget Plan
Today, the Russian Central Bank raised the main interest rate to 4.5% in light of inflationary risks and at the geopolitical level, and hinted that more will follow. The decision to raise interest rates, from a record low of 4.25 percent, contrasted with a Reuters poll that expected Russia to …
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19 March 2021 3:31 pm
Gold Gaining Ground on the Decline of The Dollar and US Bond Yields
Gold is on the path of achieving its second consecutive weekly gain today, as it is supported by a slight decline in the dollar and US Treasury revenues. Spot gold rose 0.3% to $1740.99 an ounce. And the yellow metal is up more than 0.6 percent since the beginning of …
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19 March 2021 2:49 pm
UK Borrowed 19.1 billion Pounds in February
Official data revealed today that the British government borrowed 19.1 billion pounds last month, less than the expectation in a poll conducted by Reuters to borrow 21 billion pounds (29.2 billion dollars), bringing borrowing in the first 11 months of the financial year to nearly 279 billion pounds.
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19 March 2021 2:01 pm
The Nikkei Index Declines on The BOJ’s ETF purchasing plan, Topix at a 30-Year High
Japan’s benchmark Nikkei index fell, while the Topix index reached its highest level in 30 years, as the Bank of Japan (BOJ) said it would only buy into index funds linked to Topix after a review of its policy framework. The Nikkei index closed down by 1.41% to 29,792.05 points, …
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19 March 2021 1:32 pm
European shares Drop on Lockdown Fears And Oil Decline
European stocks fell today, erasing a large part of its weekly gains, after France imposed new general isolation measures to curb the spread of the Corona virus, in light of indications of slowing vaccination in some countries. The pan-European STOXX 600 index fell 0.6%, tracing a negative session on Wall …
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19 March 2021 12:59 pm
BOJ’s Kuroda: It is Appropriate to Continue with The Current Policy Framework
Speaking at the post-monetary policy meeting press conference, BOJ’s governor Haruhiko Kuroda commented on the current policy framework. It is appropriate to continue with the current policy framework.It is inappropriate to debate exit when inflation remains far from 2%.It is desirable for currency rates to reflect fundamentals, in a stable …
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19 March 2021 12:05 pm
Gold Declining Amid Higher Yields, Stronger US Dollar
Gold prices fell today as the dollar held on to the gains it achieved in the previous session on the back of a rise in US Treasury yields, while the safe-haven metal was under heavy pressure due to the Fed’s expectations of a strong economic recovery. In spot trading, gold …
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19 March 2021 11:17 am
Oil Declining For The Sixth Consecutive Day Amid a Surge In Coronavirus Cases
Oil prices fell for the sixth consecutive day, declining by about 9% in the week, as a new bout of Covid-19 cases, especially in Europe, imposed new general restrictive measures and dampened hopes for an imminent oil’s demand recovery. US West Texas Intermediate crude fell four cents, or 0.07 percent, …
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19 March 2021 10:45 am
BOJ Expands JGB Yield Target Band, Drops ETF Buying Target
The Bank of Japan (BOJ) kept its key policy rate unadjusted at the conclusion of its two-day March monetary policy review meeting on Friday. The central bank left the key rate steady at -10bps while maintaining its pledge to buy J-REIT at an annual pace of up to JPY180 bln. …
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19 March 2021 10:15 am
The United States Extends Travel Restrictions at Land Borders to Canada and Mexico
The US government said Thursday that the US land borders with Canada and Mexico will remain closed to non-essential travel until at least April 21. The 30-day extension is the second announced under President Joe Biden and comes as US lawmakers in northern border states have urged to lift restrictions …
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