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Market Analysis

April, 2021

  • 12 April 2021 3:02 pm

    India Overtakes Brazil to Become The Second Largest Country in Terms of Cases

    India

    Data from the Indian Ministry of Health, Monday, April 12, showed that 168,912 new cases of coronavirus were recorded within 24 hours, which pushes the Asian country to overtake Brazil and occupy second place in the world in the number of coronavirus cases infections. According to Reuters data, the total …

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  • 12 April 2021 2:03 pm

    The US Yields Settled With Bullish Bias

    The yield on the benchmark 10-year Treasury bond settled at 1.65% during early trading on Monday, remaining stable below its 14-month high of 1.78% recorded last month. Investors are awaiting a batch of new US economic data during the week, including inflation, export and import prices to take any hint …

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  • 12 April 2021 1:59 pm

    Germany’s BDI Lowers 2021 GDP Forecast to 3.0%

    Germany

    Germany’s Bundesverband der Deutschen Industrie (BDI), a powerful industry association, slashes the economic growth forecasts for this year to 3% from 3.5% due to ongoing lockdown measures in Europe’s biggest economy. BDI stated that its expectation assumes that the measures imposed to curb the spread of the new Corona virus …

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  • 12 April 2021 1:56 pm

    The Dollar Falling Due to Falling US Bond Yields and Focus on Inflation Data

    The dollar fell to near its lowest level in two and a half weeks against the major counterpart currencies on Monday, April 12th, as a decline in US Treasury yields pressed the currency. The British pound fell, heading towards its lowest level in two months, and continued its retreat from …

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  • 12 April 2021 1:02 pm

    Oil Prices Falling With The Increase in Coronavirus Cases

    Oil prices fell on Monday, April 12 in thin trading, with the increase in the number of cases of Covid-19 in some regions of the world, which curbed prices, even as the US Central Bank indicated that the US economy may recover quickly with the acceleration of the immunization campaigns …

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  • 12 April 2021 12:40 pm

    GBP/USD Jumps Back Above 1.3700 Mark

    The GBP/USD pair gained more than 50 points and rose from two-month lows to reach new highs in the 1.3720-25 areat the start of the European session. The weaker tone surrounding the US Treasury yields limited the strong gains for the US dollar, which helped the GBP/USD pair to bounce …

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  • 12 April 2021 12:25 pm

    Italy Records 331 Deaths From The Coronavirus

    The Ministry of Health said that Italy recorded 331 deaths related to the Coronavirus today, Sunday, compared to 344 the previous day, while the number of daily infections decreased to 15 thousand and 746 after it was 17,567 the previous day. Italy has recorded 114,254 deaths related to Covid-19 since …

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  • 12 April 2021 12:15 pm

    Gold Falling as Bond Yields And Dollar Rise in on Inflation

    Gold prices fell on Monday, April 12th, under pressure from rising US Treasury bond yields and the dollar, after better-than-expected US economic data increased the possibility of a rise in the rate of inflation. This fell in the spot market 0.4% to 1735.90 dollars an ounce. And gold fell in …

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  • 12 April 2021 10:12 am

    Weekly Recap: 5-9 April

    Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …

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  • 10 April 2021 2:15 am

    Why the ECB is Optimistic about Recovery in H2?

    The President of the European Central Bank (ECB), Christine Lagarde, believes that the European Union (EU) will see strong economic growth and recovery during the second half (H2) of the year. “Light is at the end of the tunnel. We can see it. It is not yet within touching distance. …

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  • 10 April 2021 1:47 am

    NYSE Logs Third Straight Weekly Rise

    The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with the Dow and the S&P 500 hitting an all-time closing high amid signs of economic recovery from the negative impacts of the Coronavirus pandemic. Despite a larger than expected rise in producers prices last month, …

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  • 10 April 2021 12:57 am

    DXY Erases Most of Its Daily Gains

    The U.S. Dollar (USD) narrowed its daily gains on Friday but remained in the positive territory against major currencies on the back of a rise in Treasury bond yields. The Dollar Index (DXY), which measures the greenback against a basket of six currencies, is up by 0.13% at 92.18, after …

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  • 10 April 2021 12:51 am

    USD/JPY Rises on Treasury Yield Gains

    The U.S. Dollar (USD) rose against the Japanese Yen (JPY) on Friday supported by the rising Treasury bond yields, The benchmark 10-year U.S. Treasury bond yield is up by about three basis points at 1.66% after declining on Thursday, amid expectations of a rise in inflation following the release of …

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