Nonfarm Payrolls (NFP) in the US increased by 49,000 in January, the data published by the US Bureau of Labor Statistics showed on Friday. This reading came in largely in line with the market expectation of 50,000. On a negative note, December’s reading got revised down to -227,000 from -140,000.
Read More »U.S. Futures Edge Lower Ahead of Key Inflation Report
U.S. stock index futures dipped slightly on Wednesday as investors awaited a crucial consumer inflat…
European Stocks Rise Cautiously Ahead of U.S. Inflation Data
European stock markets edged higher on Wednesday, as investors awaited the latest U.S. inflation rep…
Dollar Pauses Tariff-Driven Rally Ahead of U.S. Inflation Data
The U.S. dollar retreated slightly on Wednesday as traders awaited key U.S. inflation data and updat…
Gold Retreats from Record Highs as Powell Signals No Rush for Rate Cuts
Gold prices pulled back from record highs in Asian trading on Wednesday, pressured by rising Treasur…
Market Drivers: US Session
The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields a…
Powell’s Impact: Powell’s Caution Dips The Dollar As Rate Adjustments “on Hold”
The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesd…
Powell’s Pause: Stocks Steady Amid Uncertainty
US stock markets have recently experienced a period of mixed performance, influenced by new tariffs …
EU Vows Retaliation Against Trump’s Metal Tariffs
The European Union (EU) has vowed to respond to the 25% tariffs announced by President Donald Trump …
Investors Still Tune In as Fed Chair Testifies Before US Lawmakers
Federal Reserve Chair testified before the US Senate on Tuesday, saying, “There is no need to …
First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
Market Analysis
February, 2021
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5 February 2021 5:09 pm
Turkish Lira Jumped After The Central Bank Chief Ruled Out a Rate Cut
The Turkish lira reached its strongest level since August, Friday, February 5, and strengthened its position as the best performing currency in the world since the beginning of the year, after the central bank governor told Reuters that it was unlikely to cut interest rates for a “long period”. In …
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5 February 2021 4:01 pm
US Dollar on The Way to Its Best Weekly Performance in 3 Months
The dollar is heading towards recording its best weekly performance in three months Friday, February 5th, driven by growing confidence that the US economic recovery will surpass its global peers. The dollar index touched its highest level in two months in Asian trading in light of indications of the strength …
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5 February 2021 2:40 pm
Robinhood Lifts Trading Restrictions on Gamestop and AMC Stocks
Robinhood said it has removed trading restrictions on GameStop and AMC stocks, which have been the basis of the battle between the small traders who organized on Reddit and short sellers, according to an update on the trading platform’s support page. Robinhood’s move comes one day after it increased restrictions …
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5 February 2021 2:06 pm
Nonfarm Payrolls Preview: Forecast From 6 Major Banks
The US jobs report for January is due out at 13:30 GMT. here are the forecasts of economists and researchers of 10 major banks regarding the upcoming employment data. Deutsche Bank “Our US economists are now forecasting a +200K increase in nonfarm payrolls after total jobless claims fell by 1.73 …
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5 February 2021 1:16 pm
European Stocks Rise in Early Trading
European stocks rallied Friday (February 5th), tracking optimistic sentiment on Wall Street thanks to hopes for a faster global economic recovery, while stocks in Frankfurt lagged in performance after data showed a decline in industrial orders. The European Stoxx600 index gained 0.2% and is on track to post its longest …
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5 February 2021 12:31 pm
German Factory Orders Fall More Than Expected in December
Data revealed that German factory orders decreased more than expected on a monthly basis in December, as the impact of restrictions imposed to combat the Coronavirus reduced demand from the rest of the euro area. The data published by the Federal Statistics Office showed that orders for the supply of …
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5 February 2021 2:16 am
Dogecoin Surges Following Tweets by Elon Musk
Fringe cryptocurrency Dogecoin surged on Thursday, following a number of Tweets from famous billionaire and CEO of Tesla and SpaceX Elon Musk. Musk is famous for his social media presence, which often causes some sort of controversy. Mark Cuban, another famous billionaire investor has also recently tweeted about the digital …
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5 February 2021 2:01 am
Yellen Discusses Recent Trading Frenzy in Wall Street
The United States Secretary of the Treasury, Janet Yellen, is discussing with market leaders the recent fluctuations in the stock market due to speculation trading. Yellen is holding a meeting with the heads of the Securities and Exchange Commission (SEC), Federal Reserve Board, Federal Reserve Bank of New York, and …
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5 February 2021 1:54 am
Wall Street Maintains Gains and S&P 500 Hits New All-Time High
The New York Stock Exchange (NYSE) maintained its positive performance on Thursday, supported by positive financial results disclosed by a number of leading listed companies, as well as a positive sentiment in Wall Street regarding economic recovery from the Coronavirus pandemic. The Dow Jones Industrial Average gained 332.2 points, or …
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5 February 2021 12:46 am
Oil Maintains Gains for Fifth Session in a Row
Oil prices maintained their rising trend and ended Thursday at a fresh highest level in about a year, supported by the commitment of the OPEC+ alliance to output cuts and the prospects of economic recovery and increased government stimulus in the United States. Brent crude futures for April delivery gained …
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5 February 2021 12:07 am
Gold Prices Return to Fall Sharply as USD Rises
Gold prices plunged on Thursday, on the back of the U.S. Dollar (USD) gaining momentum and rising across the board after data showed a decline in jobless claims in the United States, indicating an improvement in economic recovery from the Coronavirus pandemic. In addition, the rising U.S. Treasury yields pressured …
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4 February 2021 10:52 pm
Dollar Rises Across the Board
The U.S. Dollar (USD) rose on Thursday across the board, following the Bank of England (BoE) first policy meeting of the year, in which it indicated no plans to set negative interest rates during the next six months. The Dollar Index (DXY), which measures the greenback’s performance against a basket …
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