A recent report showed that the balance sheet of the United States Federal Reserve could peak by next year before declining and then stabilizing in three years. The Fed’s portfolio could reach $9 trillion by the end of 2022, according to recent estimates by the Federal Reserve Bank of New York. …
Read More »Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
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…
Market Analysis
May, 2021
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27 May 2021 2:09 am
Wall Street Closes Higher as Risk Sentiment Improves
The New York Stock Exchange (NYSE) finished mostly higher on Wednesday, as risk sentiment improves with recent remarks by the Federal Reserve officials easing inflation fears among Wall Street investors, especially in the absence of important economic data. The Dow Jones Industrial Average rose marginally by 10.6 points, or 0.03%, …
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27 May 2021 1:30 am
Oil Finishes Higher as U.S. Inventories Decline
Oil prices rose on Wednesday, as markets continue to expect demand recovery during the second half of the year. In addition, a decline in crude oil inventories in the United States also provided support for oil futures. Brent crude futures for July delivery gained 22 cents, or 0.3%, to settle …
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27 May 2021 1:00 am
Gold Settles Higher and Exceeds $1,900 Resistance Level
Gold prices rose on Wednesday, reaching a new level that is the highest in about five months, as markets continue to weigh reflation fears. The yellow metal’s gains came despite a rebound by the U.S. Dollar (USD), which probably limited today’s rise. Gold futures for June delivery rose by $3.20, …
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27 May 2021 12:08 am
EUR/USD Trading Lower Near Lowest Level in Two Days
The Euro (EUR) is showing a negative performance against the U.S. Dollar (USD), as the greenback is rising across the board on the back of higher Treasury bond yields and eased reflation fears. Recent remarks by the U.S. Federal Reserve officials suggested that the Fed will be able to limit …
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26 May 2021 11:00 pm
GBP Declines As USD Strengthens
The British Pound (GBP) declined on Wednesday against the U.S. Dollar (USD), as the later rose across the board on the back of inflation fears easing after recent remarks by Federal Reserve officials. The GBP/USD pair is down for the day by about 0.20% at 1.4125. The pair has been …
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26 May 2021 10:30 pm
European Stocks Mixed as Reflation Fears East
European stocks rose on Wednesday, as inflation fears eased with an improvement in the risk sentiment among investors. The STOXX Europe 600 index finished marginally higher by a fraction of a point, to remain near its record highs. The travel and leisure stocks rose by about 1% on recovery hopes, …
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26 May 2021 9:00 pm
U.S. Mortgage Applications Decline 4.2%
Mortgage applications in the United States declined last week, despite the remaining historically low interest rates, data showed on Wednesday. The seasonally adjusted Purchase Index fell by 4.2% in the week ended May 21 on a weekly basis, according to the Mortgage Bankers Association (MBA). Data showed a 7.2% decrease …
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26 May 2021 7:59 pm
USD Rebounds Across the Board
The U.S. Dollar (USD) rose on Wednesday against international peers, supported by the dovish tone by Federal Reserve officials, which helped reduce reflation fears among investors. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.39% at 89.99. The …
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26 May 2021 5:39 pm
Amazon Says it Has Reached an Agreement to Acquire MGM For $ 8.45 Billion
Amazon said it reached a deal to acquire MGM for $ 8.45 billion, to support the company’s efforts to cement its position in the entertainment and internet streaming sector. The deal is the largest since Amazon acquired Whole Food in 2017 for $ 13.7 billion.
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26 May 2021 4:51 pm
Bitcoin at Important Levels
It seems that digital currencies are on the way for the second day in a row towards recovering from the effects of the painful blows they took by surprise. The digital currencies managed to record a positive performance for the second day in a row, raising their market gains to …
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26 May 2021 3:54 pm
Japan’s Government Cuts Economic View in May
In its May report, the Japanese government slashed its economic view for the first time in three months, in the face of the impact of the COVID-19 state of emergency. “The government cut its assessment of the overall economy for the second time this year, after also doing so in …
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26 May 2021 3:27 pm
US Bond Yields Continue to Decline
The yield on the benchmark 10-year US Treasury bonds changed slightly at 1.56% today, Wednesday, near levels not seen in a month, amid easing inflation concerns. Many officials have continued to emphasize that most price increases should be temporary and affirmed their support for keeping monetary policy easing for some …
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