Gold eased on Monday, resuming a broad decline from the previous week, as the dollar has firmed and risk sentiment recovered with markets weighing how severe the economic impact would be from the Omicron coronavirus variant.Spot gold fell 0.4% to $1,784.41 per ounce by 11:17 a.m. ET (1617 GMT) after …
Read More »Hormuz Shock: The Iran War Tightens the Screws on China’s Economy
Since the war with Iran erupted on February 28, China has found itself confronting a new wave of eco…
The Dollar Stumbles as the War Drums Go Quiet
A sudden pause in conflict sends the world’s reserve currency tumbling as investors rush back into r…
War Shockwaves: Global Markets Reshape as Energy and Defense Surge
Since the outbreak of the war involving Iran on February 28, 2026, global financial markets have ent…
Bitcoin Whipsaws as Middle East Tensions Rattle Markets
The price of Bitcoin experienced intense volatility on Monday as geopolitical tensions in the Middle…
Markets Soar as Trump Signals Pause in U.S.-Iran Conflict Stocks Surge on Hopes of De-escalation
Global stock markets surged Monday after President Donald Trump announced a temporary halt to planne…
WTI Slides Below $100 as Trump Delays Strikes on Iran
Crude oil plunged sharply on Monday, with West Texas Intermediate (WTI) falling nearly 9% to dip bel…
Gold Surges from Year-to-Date Lows as Tensions Ease in the Middle East
Gold rebounded sharply on Monday, recovering from a steep decline that had pushed prices to their lo…
Silver on the Edge Amid Global Turmoil
Silver has had a turbulent week, falling sharply from around $96 to $65 per ounce, as geopolitical t…
Yen Under Pressure: Energy Crisis Pushes USD/JPY Toward New Highs
The Japanese Yen is showing renewed weakness as global energy shocks and shifting market flows conti…
U.S. Dollar Steadies as Markets Weigh Iran De-Escalation Signals
The U.S. dollar stabilized on Monday after earlier gains, as investors reacted to signs of potential…
Market Analysis
November, 2021
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29 November 2021 8:05 pm
WTI Crude Continues Impressive Bounce
Oil prices have continued to press higher, with front-month WTI crude futures now up more than USD 4.0 on the day and back in the USD 72.00s, nearly 50% of Friday’s steep decline over news on Omicron variant concerns has now been unwound.To get above the 50% Fibonacci retracement of …
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29 November 2021 7:27 pm
October’s US Pending Home Sales Rises By 7.5%
Pending Home Sales in the US jumped by 7.5% on a monthly basis in October following September’s 2.3% drop, data published by the US National Association of Realtors showed on Monday. That saw the Pending Home Sales index jump to 125.2 in October from 116.5 in September. On a YoY …
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29 November 2021 6:09 pm
Market Drivers – European Session 29-11-2021
Turkish President Recep Tayyip Erdogan said on Monday he would never support a rate hike and “never back down from it”, repeating his support for recent interest rate cuts that have caused the lira to plummet. NTV quoted Erdogan as telling reporters during his return flight from a visit to …
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29 November 2021 5:39 pm
Oil Prices Rose on Opec+
Oil prices rose on Monday, November 29, on speculation that OPEC + may halt the increase in oil production in light of the spread of the Omicron strain of the Coronavirus, but the atmosphere remains cautious in light of insufficient information about the new mutation. There is concern that the …
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29 November 2021 5:14 pm
Germany: Annual HICP Rises to 6.0% in November
The annual Harmonized Index of Consumer Prices (HICP), the European Central Bank’s preferred gauge of inflation, rose to 6.0% from 4.6% in October, compared to analysts’ estimate of 5.4%. MoM, the HICP was up 0.3%, above consensus expectations for a 0.5% drop.
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29 November 2021 4:27 pm
Dollar Rises, Major Currencies Fall After Turmoil Due to Omicron
The dollar rose while the euro fell, and the yen stabilized on Monday as markets calmed after the first shock of discovering a new coronavirus mutant. The mutant Omicron, which was first detected in South Africa, caused global concern, as financial markets fell on Friday, amid fears that its appearance …
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29 November 2021 3:06 pm
European Shares Rebound on Sell-off Driven by Omicron Fears
European shares rebounded on Monday amid their steepest selling in over a year as investors awaited signs of whether the new Omicron strain of the coronavirus will hamper economic recovery and central banks’ monetary tightening plans. The pan-European Stoxx 600 index was up 1 percent by 0818 GMT, after falling …
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29 November 2021 2:30 pm
Market Drivers – Asian Session 29-11-2021
The market is still on guard at the opening of the week due to the corona mutant believed to be resistant to existing vaccines. Gold rose in Monday morning trading in Asia, with concerns about the impact of the vaccine-resistant COVID-19 omicron variant giving the safe-haven yellow metal a boost. …
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29 November 2021 1:19 pm
Gold Rises as Fears of Omicron Boost Its Allure
Gold prices rose on Monday after concerns about the impact of the potentially vaccine-resistant Omicron strain of coronavirus boosted gold’s safe-haven appeal. Spot gold rose 0.1 percent to $1,793.72 an ounce. US gold futures rose 0.4 percent to settle at $1,793.2. Actual demand for gold in major Asian hubs increased …
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29 November 2021 12:37 pm
The Turkish Lira Drops 4%, Approaching Record Lows
The Turkish lira fell more than 4% against the dollar in weak and volatile trading Monday, November 29, approaching record lows hit last week when President Recep Tayyip Erdogan insisted he was sticking to his policy of cutting interest rates despite widespread criticism. The lira fell until its value reached …
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29 November 2021 8:27 am
Weekly Recap 22-26 November
Financial markets were calm last week due to the Thanksgiving holiday in the United States, and investors were cautious due to the emergence of the new Coronavirus mutant in South Africa and the Uk. Gold During the past week, the safe haven fell due to the growing strength of the …
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27 November 2021 2:21 am
Market Drivers – US Session – 26-11-2021
The US session did not witness the release of any remarkable economic data, rather it has been dominated by concerns of probable lockdowns in Europe, the emerging new virus strain.On Friday, oil prices recorded their largest one-day drop since April 2020 by falling about $10 a barrel, as a new …
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