European shares rose to near all-time highs on Wednesday, as a jump in oil stocks and positive results for companies including chip company Infineon helped offset the impact of inflation concerns. The pan-European STOXX 600 index rose 0.1 percent and energy stocks rose 1.2 percent, after a boost to oil …
Read More »Major Central Banks Brace for War-Driven Inflation Shock
Major developed market central banks kept interest rates steady this week, but their tone shifted sh…
Gold Extends Sharp Sell-Off, Slides Toward $4,600 as Market Momentum Turns Bearish
Gold prices remained under heavy pressure, extending their sharp decline as the metal hovered near $…
Stocks Slide Despite Late Rebound Amid Rate Fears, Strong Data, as Geopolitical Tensions Weigh on Sentiment
U.S. stocks attempted a late-session recovery on Thursday, climbing well off their worst levels of t…
Oil Retreats from $100 Peak as Sanctions Ease but Geopolitical Risks Loom
Oil prices slipped back after briefly crossing the symbolic $100 mark, as markets weighed improved s…
Terafab Gamble: Why Tesla May Be Headed for Its First Capital Raise in Years
Tesla is stepping into one of the most ambitious chapters in its history, but the price tag attached…
Pound Gains Lose Momentum Despite Hawkish BoE
The British Pound showed only limited strength against the US Dollar, even after the Bank of England…
Lagarde Holds the Line as ECB Keeps Rates Steady Amid Global Uncertainty
European Central Bank President Christine Lagarde reaffirmed the institution’s cautious stance on Th…
U.S. Futures Slip as Oil Surge and Middle East Escalation Rattle Markets
U.S. stock futures edged lower on Thursday, as a sharp spike in oil prices and escalating geopolitic…
Oil Surges on Middle East Escalation as Supply Fears Intensify
Oil prices jumped sharply on Thursday, with West Texas Intermediate (WTI) briefly crossing the $100 …
UK Labour Market Stabilises as Energy Risks Cloud Outlook
The UK labour market showed signs of stabilization in February, with steady unemployment and stronge…
Market Analysis
November, 2021
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10 November 2021 2:34 pm
Market Drivers – Asian Session 10-11-2021
The Asian session did not witness violent volatility and the markets are now waiting for inflation data from the US. China on Wednesday floated euro-denominated sovereign bonds, raising 4 billion euros ($4.62 billion), three weeks after issuing billions of dollars in dollar-denominated bonds. The Chinese Ministry of Finance said that …
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10 November 2021 1:44 pm
Turkey’s Unemployment Rate Fell in September
Data released on Wednesday showed that Turkey’s unemployment rate fell to 11.5 percent in September from 11.8 percent the previous month, while the seasonally adjusted disguised unemployment rose to 21.9 percent from 21.7 percent. Disguised unemployment rose at the beginning of the year, approaching its peak at the time of …
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10 November 2021 12:52 pm
Oil Rises Due to a Sudden Drop in US Crude Stocks
Oil prices rose on Wednesday, continuing the strong gains recorded in the previous session, after data in the sector revealed that US crude stocks fell unexpectedly last week, with travel demand starting to recover in the short term with the easing of pandemic restrictions. Brent crude futures rose 44 cents, …
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10 November 2021 3:29 am
Market Drivers – U. S. Session – 09-11-2021
Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high. Despite a short-term retreat, upward price targets are expectedfor both BTC and ETH over the next month.There is a positive sentiment that often prevail the crypto markets near every year’s end. Price …
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10 November 2021 2:24 am
Traders Prepare for Next Bitcoin Highs
Bitcoin’s rally weakened on Tuesday, suggesting that buyers took some profits at around the $68,500 all-time price high.The cryptocurrency is currently up by about 5% over the past week, compared with a 3% rise in ether over the same period.Despite a short-term retreat, upward price targets are expectedfor both BTC …
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10 November 2021 1:50 am
Gold Prices React to U.S. PPI Report
On Tuesday, Gold prices continued to trend higher after breaking since Friday. Despite the USD’s holding steady, the decline in U.S. treasury yields buoyed the precious metal. The solid U.S. PPI report released on Tuesday by the Labor Department showed that part of wholesale inflation is decelerating.Heavy buying trend of …
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10 November 2021 1:17 am
U. S. Shares Threaten to End 8 Day Gains
U.S. shares retreated back from record levels on Tuesday’s U. S. session, threatening to disrupt an eight-day gaining sessions for the S&P 500 Index, the first time since 1955. The benchmark index fell by 0.5% in afternoon trading. The S&P 500 pulled back to end an 8-session winning line of …
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10 November 2021 12:38 am
Will Lael Brainard be Powell’s Successor as Fed Chair?
The biggest signal that Federal Reserve Governor Lael Brainard is a major candidate to succeed Jerome Powell as U. S. Fed Chair has generated a wave of speculations over how financial markets would react if Biden announced her as his nominee.The longest wait for the announcement in the modern era …
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10 November 2021 12:29 am
Investors Eye Fresh Jobless Readings
The Initial Jobless Claims for the week ending on November 6 will be revealed on Wednesday. New weekly jobless claims are expected to touch a fresh pandemic-era low again this week, as labour shortages and companies’ endeavors to bring about change and retain workers are helping to put a cap …
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10 November 2021 12:12 am
BRIEXIT, Article 16 Warn GBP Traders
The start of the current week came with renewed fears of a Brexit showdown as the United Kingdom has threatened to trigger emergency unilateral provisions in the Brexit divorce deal widely known as Article 16.Article 16 is a clause in the Protocol on Ireland/Northern Ireland, a key part of the …
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10 November 2021 12:00 am
WTI jumps sharply on STEO report
U. S. WTI sharply advances in the New York session, up by almost 2%, trading at $82.93 per barrel. Earlier, Tuesday, oil retreated under the $81.00 psychological figure, but later found support at the 1-hour 50-simple moving average at $80.99, which capped the downward pressure on the U. S. crude …
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9 November 2021 11:46 pm
Wednesday’s CPI Data Helps Investors Conceptualize U. S. Inflation
On Wednesday, the U. S. economic scene will witness the latest release of the Consumer Price Index, CPI, for October. This data is awaited by investors and traders, as the Federal Reserve dovish tone spurred a selloff in the bond market, while US Treasury yields fall.CPI is unlikely to offer …
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