Chief Economist at the International Monetary Fund (IMF), Gita Gopinath, said on Tuesday that the growing public debt in the United States, due to increased spending is not a sign for major concern, Reuters reported. Gopinath told reporters that the U.S. is in a better position to deal with the …
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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6 April 2021 9:30 pm
Global Economy to Recover with Best Growth since 1970s: IMF
Developed economies are recovering from the pandemic at a better pace than previously estimated, according to the International Monetary Fund (IMF). The unprecedented high levels of public expenditure to combat the coronavirus pandemic is pushing the global economy towards a strong recovery. The IMF expects the global economy will grow …
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6 April 2021 9:16 pm
USD Continues to Decline Abolishing Earlier Gains
The U.S. Dollar (USD) continued to decline on Tuesday since the beginning of today’s American session, after registering some gains and fluctuations during the Asian and European trading hours. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.21% …
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6 April 2021 8:02 pm
Yellen Warns Against Withdrawing Economic Support Too Quickly
The United States Treasury Secretary, Janet Yellen, said on Tuesday that a strong economic recovery in the U.S. would help overall global growth, Reuters reported. More work is needed to deal with the vulnerabilities that the pandemic has shown, especially in the non-banking financial sector, as well as the global …
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6 April 2021 6:22 pm
US: JOLTS Job Openings Rise to 7.4 Million in February
The number of job openings on the last business day of February was 7.4 million, the US Bureau of Labor Statistics announced in its latest Job Openings and Labor Turnover Summary (JOLTS) on Tuesday. This reading came in higher than the market expectation of 6.9 million.
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6 April 2021 6:02 pm
NZD/USD Trimmed Gains
The New Zealand Dollar (NZD) witnessed huge losses on Monday, as the US Dollar (USD) rebounded as Investors are turning to safety. After rising to its higher level in a year and a half by the end of last week, the NZD/USD pair erased its gains earlier today. This is …
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6 April 2021 4:54 pm
IMF Raises Global Growth Outlook to 6% in 2021
The International Monetary Fund announced Tuesday that it raised its outlook for global economic growth to 6% this year from 5.5% in January’s forecasts, as reported by Reuters. “IMF 2021 forecast would mark fastest global growth pace since 1976 led by strong US rebound.”“IMF raises US 2021 growth outlook by …
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6 April 2021 4:08 pm
The British Government Gives The Green Light to Open Parts of The Economy on April 12th
As planned by the British government, parts of the country’s economy will reopen next Monday, the 12th of April, while vaccination operations will continue. Prime Minister Boris Johnson said that the government has given the green light to reopen non-essential stores, gyms, outdoor hospitality venues, and hair salons for the …
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6 April 2021 3:01 pm
Eurozone: Unemployment Rate Beats Expectations
The seasonally adjusted unemployment rate in the euro area came at 8.3% in February 2021, higher than market expectations of 8.1% and higher than 7.3% the previous year. The number of unemployed increased by 48,000 compared to the previous month to 13.571 million. The youth unemployment rate, which measures job …
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6 April 2021 2:10 pm
RBA Keeps OCR Steady at a Record Low of 0.10% in April
Following the conclusion of its April monetary policy meeting, the Reserve Bank of Australia board members decided to keep the official cash rate (OCR) unadjusted at a record low of 0.10%. The RBA maintained its target of 10 basis points for yield on a 3-year Australian government bond. The central …
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6 April 2021 1:26 pm
Currencies Overview: The Dollar Falling With The Decline in US Bond Yields
The dollar settled near its lowest level in nearly two weeks against a basket of counterpart currencies, tracking the decline in US Treasury bond yields from their recent peak, despite signs of a strong economic recovery in the United States. The dollar index fell to 92.527 in the Asian session, …
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6 April 2021 12:53 pm
European Stoxx600 Index Reaches a Record High on Optimism For Global Recovery
The European index reached a record high on Tuesday, April 6, to compensate for all the losses incurred by the pandemic as investors bet on a rapid global economic recovery, stimulated by massive stimulus spending and immunization campaigns against Covid-19. European dealers returned to the market after a long holiday …
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6 April 2021 12:32 pm
The World Bank President Expects G20 to Extend Its Initiative to Freeze Debt Payments Until End of 2021
World Bank President David Malpass said Monday that he expects China, the United States, and other major economies in the Group of Twenty to extend the freeze on bilateral debt service payments until the end of 2021 when it meets next week. Malpass told reporters that the G20 initiative to …
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