British Prime Minister Boris Johnson said on Tuesday that he is very optimistic that England will fully re-open on June 21 but added that it’s not a guarantee. “British Cabinet Minister Michael Gove will review the use of vaccine certification,”
Read More »Market Drivers – US Session: Dollar Wobbles as Economic Fears and Fed Caution Grip Markets
The US dollar is showing signs of vulnerability, lingering near the lower end of its recent trading …
Geopolitical Tensions and Economic Optimism Stir Oil Market
Oil prices experienced a modest increase on Monday, fueled by a confluence of geopolitical tensions …
Economic Uncertainty Grips Markets as Fed Faces a Tightrope Walk
A palpable unease has settled over investors, fueled by anxieties surrounding President Trump’…
Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Market Analysis
February, 2021
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23 February 2021 3:12 pm
UK: CBI Retail Sales Balance Improves Modestly to -45% in February
The data from the UK showed on Tuesday that the Confederation of British Industry’s (CBI) Retail Sales Balance in February rose to -45 from -50 in January. This reading came in worse than the market expectation of -38.
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23 February 2021 2:48 pm
UK Unemployment Rate Rises to Highest in Almost Five Years
U.K. unemployment climbed to its highest rate in almost five years in Q4 as the economic toll from the coronavirus pandemic continued to mount. The number of people looking for work rose 121,000 from Q3, taking the jobless rate to 5.1%, the most since early 2016, the Office for National …
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23 February 2021 2:19 pm
Eurozone Final CPI Meets Estimates with 0.2% MoM in January
According to Eurostat’s final reading of the Eurozone CPI report for January, the consumer prices came in at 0.9% YoY, meeting the expectation. While the core figures rose by 1.4% vs +1.4% last and +1.4% expected. On a monthly basis, the bloc’s CPI figure for December accelerated by 0.2% versus …
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23 February 2021 1:39 pm
Cryptocurrencies fell Sharply After Record Highs And Bitcoin Fell Below $47,000
Cryptocurrencies witnessed sharp declines after record high as Bitcoin fell below $ 47,000 More to come…
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23 February 2021 1:02 pm
Oil Prices Jump by More Than a Dollar as The Resumption of US Production Slows
Oil prices jumped by more than a dollar on Tuesday (February 23rd), as they received support from optimism about the distribution of anti-Covid-19 vaccines and a decrease in production as US supplies slowly return after freezing weather in Texas stopped crude production last week. Sources said that shale oil producers …
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23 February 2021 12:35 pm
Gold Hits a Week High as The Dollar Weakens And Yields Decline
Gold rose to the peak of the week of Tuesday, February 23rd, supported by the weak dollar and declining US Treasury yields, while the appeal of the yellow metal was boosted by fears of further rising inflation. Spot gold rose 0.2% to $1812.06 an ounce, after hitting its highest level …
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23 February 2021 4:54 am
U.S. House Moving Forward with Passing $1.9 T Relief Bill
The United States House of Representatives is officially moving forward with steps to pass the American Rescue Plan, the $1.9 trillion Coronavirus relief package proposed by President Joe Biden. The stimulus bill was passed through the House Budget Committee with a 19-16 vote. It includes raising unemployment insurance supplement $400 …
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23 February 2021 4:37 am
UK Plans to Gradually Ease Lockdown Measures
Prime Minister of the United Kingdom (UK), Boris Johnson, revealed on Monday a plan to gradually ease the lockdown measures imposed as a precaution against the spread of the Coronavirus pandemic. In the first step, schools in England are set to reopen on March 8. In the same time, minimum …
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23 February 2021 4:27 am
BoE’s Vlieghe Doesn’t See 5% Interest Rate in His Lifetime
Gertjan Vlieghe, a member of the Bank of England’s (BoE) Monetary Policy Committee, said on Monday that he expects interest rates in the United Kingdom to remain low and not return to their levels prior to the global financial crisis in the foreseeable future. Vlieghe, who is 49 years old, …
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23 February 2021 2:54 am
Wall Street Closes Mostly Lower as Treasury Yields Rise
The New York Stock Exchange (NYSE) indices closed mostly lower on Monday, beginning the week with a mixed performance amid a rise by the U.S. Treasury yields which negatively impacted the sentiment of Wall Street investors. The Dow Jones Industrial Average finished higher by 27.37 points, or 0.1%, at 31,521.69 …
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23 February 2021 2:17 am
USD Maintains Downward Trend
The U.S. Dollar (USD) declined on Monday despite the rise in Treasury bond yields, amid expectations for economic recovery from the Coronavirus pandemic. Expectations for a surge in inflation due to the easing policies of the Federal Reserve and the expected increased stimulus spending by the Biden administration are contributing …
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23 February 2021 1:24 am
Fed’s Kaplan Expects U.S. Economy to Grow by 5% or More
President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Monday that he expects the United States economy to register a growth rate of 5% in 2021, Reuters reported. Kaplan noted that he might be underestimating the recovery of the American economy from the Coronavirus crisis. “If we …
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