The U.S. Dollar (USD) declined on Monday against its major rivals, as positive economic data encouraged risk appetite and reduced demand for safe havens. Accordingly, the greenback turned to the negative side in favor of riskier assets. The Dollar Index (DXY), which measures the USD’s performance against a basket of …
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
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5 April 2021 9:56 pm
Yellen Calls for Global Minimum Corporate Tax Rate
The United States Treasury Secretary Janet Yellen has called upon G20 countries to coordinate tax policies. Yellen said on Monday that she is collaborating with G20 countries to reach an agreement on the minimum rate of corporate taxes globally, after a three-decade race to the bottom on corporate tax rates …
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5 April 2021 8:16 pm
Wall Street’s Dow Jones and S&P 500 Surge to New Record Highs
Major indices of the New York Stock Exchange (NYSE) surged in early Monday trade to new record highs, supported by the recent strong employment data and positive sentiment in Wall Street towards signs for recovery from the Coronavirus pandemic. The Dow Jones Industrial Average is up by about 402 points, …
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5 April 2021 8:04 pm
U.S. Factory Orders Drop in February
New orders for goods manufactured in the United States decline during February, data showed on Monday. Factory orders fell by 0.8% in February, following a 2.7% rise in January, according to the U.S. Department of Commerce. The cold weather, resulting from a recent winter storm that hit southern parts of …
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5 April 2021 7:58 pm
U.S. Services PMI Expands in March – IHS Markit
Business activity in the United States services sector showed a positive performance in March, according to recent Purchasing Managers’ Index (PMI) data by. The seasonally adjusted final IHS Markit U.S. Services PMI Business Activity Index registered 60.4 in March, up from 59.8 in February, recording an improved reading compared with …
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5 April 2021 7:51 pm
ISM Non-Manufacturing Index Surges to All-Time High in March
The activity of the services sector in the United States surged to a record high in March, supported by the growth of new orders, as the economy continues to recover from the impact of the Coronavirus pandemic. The ISM Non-Manufacturing Index rose to a reading of 63.7 last month, its …
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5 April 2021 4:48 pm
Italy Records More Than 18 Thousand New Cases of Corona
The Italian Ministry of Health said that it recorded 326 deaths from the Coronavirus today, Sunday, compared to 376 yesterday, while the daily number of new infections decreased to 18 thousand and 25 from 21 thousand and 261. Italy has recorded 111 thousand and 30 deaths from the virus since …
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5 April 2021 4:15 pm
Oil Dropping Below $64 Under Pressure From Increased Production From OPEC+ And Iran
Oil prices fell below $64 a barrel today, Monday, as the impact of rising supplies from OPEC+ and increasing Iranian production was overshadowed by signs of a strong economic recovery in the United States and broader expectations for a recovery in demand in 2021. The Organization of the Petroleum Exporting …
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5 April 2021 4:06 pm
Turkey: Inflation Rate Jumps 16% Higher in March
Turkey’s annual inflation rose to more than 16% in March for the first time since mid-2019, according to Monday’s data, which means pressure builds on new central bank governor Şahap Kavcıoğlu to maintain a hawkish policy after his surprise appointment. Consumer prices rose 16.19% year-on-year, higher than 16.11% in a …
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5 April 2021 3:15 pm
The US Dollar Continues to Trade Positively
The dollar index was little changed at 93.1 on Monday, swinging at levels not seen since November 2020 amid prospects for a strong economic recovery in the United States. Last week, the greenback added 0.3%, which is 3 consecutive weekly gains, driven by the selling of bonds, with buying activity …
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5 April 2021 2:14 pm
Britain’s Prime Minister Launches New Testing Program as Isolation Measures Eased
British Prime Minister Boris Johnson said everyone in England will be able to get tested for COVID-19 twice a week as part of a new effort to combat the pandemic as societal restrictions ease and vaccination continues at its rapid pace. Johnson, who is expected to confirm later today, plans …
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5 April 2021 1:31 pm
UAE’s DME Launches New Trading Platform to Attract More Participants
Dubai Mercantile Exchange, which lists the Oman crude futures contract, has launched a new platform that allows the trading of several the Middle East crude grades in a bid to attract more participants — nearly a month after the UAE began trading flagship Murban crude futures on a new exchange. …
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5 April 2021 1:00 pm
Japanese Stocks Closed Higher on Strong US Jobs Data
Japanese stocks closed higher on Monday, April 5, as strong employment data in the United States reinforced optimism about the recovery of the world’s largest economy, prompting investors to buy index-heavy stocks such as Softbank Group and Fast Retailing, in addition to shares of companies linked to the chip industry. …
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