Applications for new claims of unemployment benefits in the United States declined below 500,000 last week, data showed on Thursday. The initial claims for state unemployment benefits decreased by 34,000 to a seasonally adjusted 444,000 for the week ended May 15, according to the U.S. Department of Labor. This marked …
Read More »Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Explainer: What Implications China’s Economic Slowdown Could Have On World Markets
China’s economy, the world’s second-largest, is faltering, sending ripples of concern through global…
Market Analysis
May, 2021
-
20 May 2021 4:18 am
U.S. Bank Regulator Warns Against Overconfidence Following Pandemic
The new leader of the Office of the Comptroller of the Currency (OCC), an independent bureau within the United States Department of the Treasury, has warned against overconfidence in the banking sector, calling for caution. Michael Hsu, pointed to the recent Archegos Capital fund crisis, which negatively impacted a number …
Read More » -
20 May 2021 4:00 am
ECB Warns Against Post-Pandemic Zombie Companies Challenge
The Financial Stability Review by the European Central Bank (ECB) showed on Wednesday that the low interest rates are adding to the challenge of zombie companies, noting that recovery will reveal the extent of the problem. According to the report, risks of financial stability are increasing in Europe, especially with …
Read More » -
20 May 2021 2:45 am
NYSE Closes Lower Following Fed’s Meeting Minutes
The main indices of the New York Stock Exchange (NYSE) finished lower on Wednesday, following the release of the United States Federal Reserve’s April meeting minutes, which showed an intention to discuss the future of the large asset purchases in upcoming meetings. Recent mixed economic data and the Fed’s remarks …
Read More » -
20 May 2021 2:28 am
Gold Futures Log Another Daily Rise to Four-Month High
Gold prices increased on Wednesday, extending their gains to reach a fresh level that is the highest in four months, and logging its fifth consecutive daily rise. The yellow metal gains come before the release of the United States Federal Reserve’s April meeting minutes. Gold is gaining ground on the …
Read More » -
20 May 2021 1:03 am
Dollar Nears First Rise After Three Declines
The U.S. Dollar (USD) leveled up on Wednesday, to near logging its first daily rise in four sessions, after the release of the Federal Reserve’s April meeting minutes. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.48% at …
Read More » -
19 May 2021 11:13 pm
Fed Meeting Minutes Show Varied Opinions Despite Unanimous Vote
Minutes of the United States Federal Reserve’s April meeting showed that a number of monetary policy makers are beginning to contemplate the idea of changing the current easing policies, amid signs of economic recovery. “A number of participants suggested that if the economy continued to make rapid progress” toward the …
Read More » -
19 May 2021 10:23 pm
Steep Declines for Cryptocurrencies Signal Correction Wave
Cryptocurrencies are witnessing a correction wave with continuous declines, following recent surges to new record highs. Bitcoin is extending its losses, with the largest digital currency in terms of market capitalization, down by about 11% over the past 24 hours, trading near $38,300, extending its losses over the past seven …
Read More » -
19 May 2021 9:00 pm
Oil Trading Lower as EIA Report Show Unexpected Rise in U.S. Inventories
Oil prices fell on Wednesday, following the release of the weekly inventories report from the United States Energy Information Administration (EIA). Data by the EIA showed an increase in U.S. crude stockpile, which prompted a decline in oil prices to their lowest level in roughly three weeks, despite the decline …
Read More » -
19 May 2021 8:06 pm
Gold Near Highest Level in Four Months
Gold prices rose on Wednesday, recovering from earlier losses on the back of a decline in the U.S. Dollar (USD) nearing its fifth consecutive daily rise. The yellow metal futures remain near their highest level in about four months ahead of the release of the U.S. Federal Reserve’s April meeting …
Read More » -
19 May 2021 5:01 pm
Canada: Annual CPI jumps to 3.4% in April
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 3.4% in April from 2.2% in March, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.2%. On a monthly basis, the CPI arrived at 0.5% …
Read More » -
19 May 2021 3:42 pm
Eurozone Inflation Rose 0.6% in April
European Union statistics office Eurostat said inflation in the eurozone accelerated in April due to a sharp increase in energy and service costs. Eurostat said that consumer prices in 19 countries that deal in the euro rose 0.6% on a monthly basis, and recorded an annual increase of 1.6%, up …
Read More » -
19 May 2021 2:39 pm
US Bond Yields Rise to a New High
The 10-year Treasury yield exceeded 1.66% on Wednesday morning. This took place later that day, prior to the release of minutes from the Federal Reserve Board’s last policy meeting. Benchmark yield 10-year government bond It rose to 1.666% EST at 4 am. Yield 30-year government bond It rose to 2.385%. …
Read More »