The Turkish lira fell by about 0.8 percent on Tuesday to a new record low of 10.14 against the dollar, weighed by expectations of another interest rate cut from the central bank this week. The lira has fallen 27 percent against the dollar this year, mainly due to concerns about …
Read More »Recent Bitcoin Crash Signals a Deeper Crisis
Bitcoin has tumbled nearly 40% from its October peak, while Ethereum has lost half its value over th…
Fed’s Lisa Cook Flags Inflation Risks Amid Steady Growth
U.S. Federal Reserve Governor Lisa Cook said Wednesday that risks remain tilted toward higher inflat…
Why US Stocks Fell Despite the End of the Government Shutdown
Relief Rally That Never Showed Up: Risk sentiment initially improved after the partial US government…
Gold Pulls Back as US Dollar Gains and Geopolitical Tensions Ease
Modest Retreat After Recent Rally Gold fell nearly 1% midweek, retreating from multi-day highs as th…
ECB Poised To Hold Steady as Euro Strength and Growth Challenges Shape Policy
Interest Rates To Stay On Hold As Bank Adopts Cautious Stance: The European Central Bank (ECB) conve…
GBP/USD Awaits Bank of England as US Services Data Surprises
Sterling Consolidates Below 1.3700 Ahead of BoE DecisionThe British pound slipped against the US dol…
ISM Signals Steady US Services Growth as Inflation Pressures Rebuild
The latest ISM data showed the US services sector holding firm in January, with activity remaining c…
NFP and CPI Delayed to February 11 and 13 Respectively After End of Partial U.S. Government Shutdown
The January Nonfarm Payrolls (NFP) report will now be released on February 11, five days later than …
U.S. Private Job Growth Misses Expectations as ADP Reports Sharp Slowdown
U.S. private-sector hiring disappointed in the latest ADP National Employment Report, signaling a no…
U.S. Stock Futures Edge Higher as Investors Await Key Earnings After Tech-Led Selloff
U.S. stock index futures ticked higher on Wednesday as investors braced for another wave of major co…
Market Analysis
November, 2021
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16 November 2021 3:31 pm
The Dollar Rises After an American-Chinese Dialogue And Corona Strikes Again
The dollar rose in trading on Tuesday, ahead of the release of key retail sales data, while the Chinese yuan benefited largely from a friendly dialogue between the presidents of the United States and China during a virtual meeting. The dollar index, which measures the greenback against a basket of …
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16 November 2021 2:38 pm
Eurozone GDP Grows by 3.7% in Q3
The Eurozone economy grew 2.2% on quarter in the three months to September of 2021, beating 2.0% expected and 2.2% previous, the first estimate showed on Friday. Annually, the eurozone GDP rate expanded by 3.7% in Q3 vs. 14.3% seen in the second quarter of 2021 while beating 3.5% expectations. …
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16 November 2021 2:26 pm
European Shares Hit an All-Time High on Business Results
Several European indices hit record highs on Tuesday, buoyed by signs of easing tensions between the United States and China, solid business results, and dovish comments from the European Central Bank chief. The pan-European Stoxx 600 index rose 0.1 percent by 0829 GMT, adding to the recent record gains, as …
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16 November 2021 1:25 pm
Market Drivers – Asian Session 16-11-2021
The Nikkei index rose 0.11 percent to 29,808.12 points, while the broader Topix index also rose 0.11 percent to 2,050.83 points. During the session, investors watched a meeting between US President Joe Biden and Chinese President Xi Jinping. The Japanese indices rose after Chinese state media published a report that …
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16 November 2021 12:43 pm
Japanese Stocks Close Slightly Higher in Limited Trading
Japanese stocks closed slightly higher on Tuesday, erasing most of their gains during the day due to the lack of any market movement news, but gains by companies with positive expectations supported the overall trend of stocks. The Nikkei index rose 0.11 percent to 29,808.12 points, while the broader Topix …
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16 November 2021 2:58 am
AUD/USD Pauses Awaiting RBA Minutes
AUD/USD fades after two successive day gains. The pair has been pressured around 0.7345 at the start of Tuesday’s Asian session.The AUD overcame firmer US Dollar Index and Treasury yields to mark a positive week’s start before easing from 0.7371 ahead of the RBA’s latest monetary policy meeting minutes and …
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16 November 2021 2:49 am
Biden Signs Infrastructure Bill Into Law
The bipartisan $1.2 trillion infrastructure bill has been signed into law by US President. Roads and bridges represents $110 billion investment, below the $159 billion initially requested per Biden’s Jobs Plan.The White House says it would be the largest dedicated bridge investment since the 1950s.$16 billion cover major projects as …
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16 November 2021 2:02 am
Tesla Made Significant Midday Comeback
On Monday, Tesla shares staged a remarkable U. S. session’s midday comeback after selling off in heavy volume. Tesla shares traded down 1% after paring deeper losses of nearly 5%. CEO Elon Musk sold $6.9 billion worth of Tesla shares last week. This is estimated to be one of the …
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16 November 2021 1:27 am
Why Do Markets Await RBA’s Minutes?
The Reserve Bank of Australia will release the minutes of its monetary policy meeting on Tuesday, two weeks after the interest rate decision was announced. The minutes provides a detailed insight on the discussions held between the RBA’s board members on monetary policy and economic conditions that influenced their decision …
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16 November 2021 1:20 am
RBA Warns of High House Prices
Australia’s central bank has admitted that booming house prices are worsening the inequality gap.Before a parliamentary committee’s inquiry on housing affordability on Monday, the RBA confessed that low income Australians would be forcibly pushed into poverty if buying a property becomes increasingly unaffordable.The comments made by RBA assistant governor Luci …
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16 November 2021 12:33 am
Will White House Tap Oil Reserves?
Oil prices slipped to a one-week low on Monday on expectations on supply boost and weaker demand under pressures from recent surge in energy costs, the strong dollar and increasing COVID-19 cases.On Sunday, Senate Majority Leader Chuck Schumer urged Biden’s administration to tap into Emergency Petroleum Reserves (SPR) to lower …
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15 November 2021 11:47 pm
US Shares Bounce Over US and Chinese Data
Major stock indexes edged higher in early trading, then continued to rise boosted by improved Chinese data, led by retail sales’ rising to 4.9% October, compared to the previous reading of 4.4%, above the expected 3.5%.The US data also showed an improvement at the level of the manufacturing sector, which …
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