Factory activity in Texas expanded at a faster pace this month, according to data by the Federal Reserve Bank of Dallas. The Texas factory production index, a key measure of state manufacturing conditions, increased in June by 14 points to 29.4, according to the results of the Texas Manufacturing Outlook …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
June, 2021
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28 June 2021 4:43 pm
U.S Cut Production of Shale Oil Until Crude Prices Rise
Despite the trend of oil prices to reach about $ 75 a barrel, shale oil producers in the United States are fulfilling their pledges to maintain the current level of spending and production stability, unlike what happened during previous booms. In the past, the rise in crude oil prices, as …
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28 June 2021 3:23 pm
Dollar Index Steady as Attention Turns to US Jobs Data
The dollar was largely stabilized as global markets began to be in a state of caution at the start of the week, while currency markets’ attention turned to US jobs data due out on Friday. Some analysts attributed the lack of momentum during trading in Asia to an increase in …
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28 June 2021 2:32 pm
The Times: Merkel Wants to Classify Britain as a “Country of Concern” Because of The “Delta” Variant
Germany will try to ban British travelers from entering the European Union, regardless of whether they have received a COVID-19 vaccine or not, the Times newspaper said. The newspaper added that German Chancellor Angela Merkel wants to classify Britain as a “country of concern” due to the large spread of …
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28 June 2021 1:53 pm
Oil Near The Peak of 2018 Before The OPEC+ Meeting
Oil prices touched high levels not recorded since October 2018, and then fell from them, at a time when investors focus on the OPEC meeting this week, while the differences between the United States and Iran over the revival of the nuclear agreement continue, delaying the increase in Iranian oil …
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28 June 2021 1:22 pm
Weekly Recap: 21-25 June
It’s been an eventful week, from Powell’s testimony, BoE decision, inflation data, and PMI. Here’s a look at the highlights of the past week. Dollar Since the opening of the US session on Friday, the dollar has struggled to maintain the bullish trend after the emergence of the second consecutive …
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28 June 2021 1:11 pm
Inflation Woes Keep European Shares Below All-Time Highs
European shares remained below their all-time highs on Monday, as investors continued to worry that a jump in inflation would lead to a sudden cut in monetary policy loosening globally, while travel stocks tumbled on a spike in coronavirus cases across Asia. The pan-European Stoxx 600 index fell 0.1%, and …
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28 June 2021 12:24 pm
Japan’s Nikkei Closes Flat as Investors Caution Ahead of US Data
Japan’s Nikkei index closed flat on Monday, with chip-related stocks tracking the Nasdaq’s decline in the previous session, while investors were also cautious ahead of important US economic data later this week. The Nikkei settled at 28,084.02 points at the close, while the broader Topix index rose 0.15% to 1965.67 …
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26 June 2021 3:10 am
Wall Street Closes Mostly Higher and Registers Weekly Gains
The New York Stock Exchange (NYSE) closed mostly higher on Friday, with Wall Street investors’ risk sentiment improving on the back of positive economic data. The Dow Jones Industrial Average gained 237.02, or 0.69%, to close at 34,433.84 points. The S&P 500 index finished at a new record high of …
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26 June 2021 2:50 am
CAD/USD Maintains Gains Below Eight-Day High
The Canadian Dollar (CAD) rose against its U.S. counterpart on Friday, supported by the U.S. Dollar’s (USD) decline across the board. The USD/CAD pair declined by 0.20% to reach 1.2299. In the early trading hours of the trading session, around 10:30 AM Eastern Time, the pair was trading at 1.2272, …
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26 June 2021 2:36 am
Oil Logs Fifth Consecutive Weekly Gains
Oil prices rose on Friday, extending gains for the fifth consecutive week due to expectations for demand recovery. Brent crude futures for August delivery rose by 62 cents, or 0.82%, its biggest rise since June 21, to close at $76.18 per barrel, rising by $2.67, or 3.63% for the week. …
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26 June 2021 1:29 am
Fed’s Rosengren Remarks on Friday
President of the Federal Reserve Bank of Boston, Eric Rosengren, expects the Fed’s substantial further progress towards achieving targets will likely be met prior to the beginning of next year, prompting reducing asset purchases. Accordingly, the Fed’s conditions for raising interest rates could be met around the end of 2022, …
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26 June 2021 1:17 am
Fed’s Kashkari Foresees Lower Inflationary Pressures
President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, on Friday expected inflationary pressures to ease and the return of 7-10 million Americans to the labor market. Kashkari was speaking to a virtual even in the Minneapolis Council, saying that the increase in consumer prices is happening as the …
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