The British Pound (GBP) declined against the U.S. Dollar (USD) on Thursday, after data showed a surge in the inflation rate in the United States. The GBP/USD pair maintained its downward trend for the third consecutive day, failing by about 0.17% to 1.4094. The Sterling rose earlier in the session …
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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11 June 2021 12:05 am
Oil Settles Higher and Restores Two-Year Highs
Oil prices closed higher on Thursday to recover from yesterday’s losses that followed the large surge in gasoline inventories in the U.S, and restore its highest level in more than two years. Brent crude futures for August delivery rose by 30 cents, or 0.4%, to close at $72.52 per barrel, …
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10 June 2021 10:36 pm
Gold Finishes Higher Following U.S. Inflation Surge
Gold prices rose slightly on Thursday, with the U.S. Dollar (USD) fluctuating and investors reacting to the large surge in inflation in the U.S., as shown by the most reading of the consumer price index (CPI) that rose by 5% in May. The reading marked the biggest increase in U.S. …
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10 June 2021 9:35 pm
European Stocks Finish Mixed Following ECB Decision
European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) decision to maintain interest rates unchanged. The STOXX Europe 600 index finished marginally higher by a little less than 0.1% to close at a new record high. The UK’s FTSE100 index also gained 0.10% to finish …
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10 June 2021 7:06 pm
Wall Street Rises After Inflation Data and S&P 500 Hits Record High
The main indices of the New York Stock Exchange (NYSE) rose on Thursday in early trades, despite today’s data showing a surge in inflation to its highest level since 2008, with the S&P 500 index hitting a new record high. Wall Street investors are awaiting whether the 5% rise in …
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10 June 2021 6:47 pm
OPEC Maintains Positive Expectations for Demand Growth
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its forecast for demand growth this year. The global demand for crude oil is expected to rise by 6 million barrels per day, reaching 96.58 million barrels a day, according to OPEC’s monthly report released on Thursday. The forecasted demand …
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10 June 2021 5:46 pm
Lagarde speech: We Are Somewhat More Optimistic About The Outlook Than 3 Months Ago
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech. “We are somewhat more optimistic about the …
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10 June 2021 4:58 pm
Lagarde speech: We Expect Growth to Improve Strength in The Second Half of The Year
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech “We expect growth to improve strongly in …
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10 June 2021 4:49 pm
US Annual CPI Inflation Jumps to 5% in May
There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.
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10 June 2021 4:40 pm
US: Weekly Initial Jobless Claims Decline to 376K
There were 376,000 initial claims for unemployment benefits in the US during the week ending June 5, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading came in weaker than the market expectation of 370,000 and followed the previous print of 385,000.
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10 June 2021 4:15 pm
Oil Rebounds After a Hit From US Travel Season Data
Oil prices rose Thursday, June 10, a day after falling due to data indicating weak demand for fuel in the American driving season, while investors awaited upcoming US economic data. Brent crude futures rose 18 cents, or 0.25%, to $72.40 a barrel, close to a peak not seen since May …
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10 June 2021 3:47 pm
ECB Leaves Key Rates And PEPP Unchanged
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …
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10 June 2021 3:26 pm
The Turkish Lira And US Data, What is to Come?
For the second day in a row, the Turkish lira is trying to rise against the US dollar, after Turkey announced the discovery of a natural gas field. Natural gas discoveries raise the Turkish lira because they contribute to creating a balance in the balance of payments and reduce imports. …
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