Standard Chartered posted an 18%, more than expected, increase in first-quarter earnings before tax, as the emerging market-focused bank began recovering from the economic damage from the coronavirus pandemic. Profit before tax in the period from January to March was $1.4 billion, compared with $1.2 billion in the same period …
Read More »Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Gold Prices Rise Amid Tariff Uncertainty and Fiscal Concerns
Gold prices rose slightly in Asian trading on Friday, recovering from the previous session’s l…
U.S. to Send Letters Outlining Tariff Rates Ahead of July 9 Deadline
U.S. President Donald Trump confirmed on Thursday that the U.S. will begin sending out letters to ma…
Market Analysis
April, 2021
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29 April 2021 2:08 pm
Gold Rising as The US Fed Maintains Its Easing Stance
Gold prices rose Thursday April 29th, as the dollar fell after the US Federal Reserve decided to keep interest rates low for the foreseeable future, despite adopting a brighter view of the economic recovery. And gold rose in immediate trading 0.2% to 1784.26 dollars an ounce. US gold futures rose …
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29 April 2021 1:07 pm
Oil Prices Continue Gains, Supported by Positive Demand Outlook Overshadowing Concerns About India
Oil prices extended gains Thursday, April 29, after rising 1% in the previous session, as positive expectations about a recovery in demand this summer overshadowed concerns about the impact of an increase in the frequency of Covid-19 infections in India, Japan, and Brazil. Brent crude for June delivery rose 22 …
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29 April 2021 12:39 pm
The Turkish Lira Stabilizes Amid speculation That The Central Bank Will Raise Its Inflation Forecast
The Turkish lira stabilized ahead of the central bank’s report on quarterly inflation, which is expected to raise its expectations in the face of the falling currency and rising commodity prices. The lira was at 8.1950 against the dollar, which is below its close level on Wednesday at 8.2. The …
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29 April 2021 12:18 pm
European Stocks Reach Their Peak With Support From Unilever And Nokia
On Thursday, April 29, European stocks resumed their advance towards their all-time highs after a set of positive business results and the US Federal Reserve pledging to continue adopting the loose monetary policy. The European Stoxx600 index rose 0.4%, just 3 points away from its peak. Consumer goods giant Unilever …
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29 April 2021 2:43 am
Fed Maintains Policy Stance in April FOMC Statement
The United States Federal Reserve on Wednesday decided to maintain its current monetary policy, with massive quantitative easing measurements to help the economy on the way to recovery from the coronavirus pandemic. Interest rates remain near 0% at a historically low level, with a large asset purchase program that includes …
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29 April 2021 1:32 am
Wall Street Closes Lower Following Fed’s Policy Decision
The New York Stock Exchange (NYSE) finished lower on Wednesday, following the Federal Reserve’s decision to maintain interest rates at a historic low level near 0%. The marker is also anticipating today’s speech by President Joe Biden in front of a joint session of Congress. Facebook shares continued to rise …
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28 April 2021 11:58 pm
Oil Prices Rise to Highest Level in Six Weeks
Oil prices rose on Wednesday, maintaining an upward trend to settle at their highest level in about a month and a half, supported by the recent OPEC+ decision to gradually phase out output cuts. Brent crude futures for June delivery gained 85 cents, or 1.3%, to close at $67.27 per …
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28 April 2021 11:15 pm
Gold Finishes Lower for Second Day in Row
Gold prices declined for the second consecutive session on Wednesday, after the United States Federal Reserve statement that sent U.S. Treasury bond yields higher. The yellow metal futures for June delivery lost $4.90, or 0.3%, to close at $1,773.90 per ounce. This market the lowest closing level for gold’s most …
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28 April 2021 10:27 pm
European Stocks Settle with Marginal Gains
European stocks showed a mostly positive performance on Wednesday, as the market anticipated the outcomes of the U.S. Federal Reserve meeting, as well as positive earnings reports by major listed companies. The pan-European STOXX 600 closed nearly unchanged for the second consecutive session, rising marginally by less than 0.1%, as …
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28 April 2021 10:07 pm
Federal Reserve Holds Interest Rates Unchanged
The United States Federal Reserve on Wednesday decoded to maintain interest rates at a historical low range near 0%. In addition, the Federal Open Market Committee (FOMC) decided to maintain the current pace of asset purchases at $120 billion per month, in line with the quantitative easing policies. As expected, …
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28 April 2021 7:01 pm
U.S. Oil Inventories Rise 100,000 B in Week
Crude oil inventories in the United States increased by 100,000 barrels last week, according to data by the U.S. Energy Information Administration (EIA). The EIA’s weekly report released on Wednesday showed that gasoline inventories rose by 100,000 barrels, while distillate stockpiles decreased by 3.3 million barrels in the week to …
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28 April 2021 6:57 pm
Canada’s Retail Sales Grow in February
Canada’s retail sales increased by 4.8% to $55.1 billion in February, data showed on Wednesday. Core retail sales rose by 3.8% in February, registering its first monthly increase after two consecutive declines, according to data by Statistics Canada. A preliminary reading for March indicate a 2.3% increase. In volume terms, …
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