Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …
Read More »Bitcoin Extends Recovery as U.S. Crypto Bill Faces Delay
Bitcoin rose on Thursday, extending a recent recovery as markets digested developments around a prop…
Dollar Extends Recovery as Rate Cuts Fade Further Into the Distance
The U.S. dollar edged higher on Thursday, continuing its rebound from a shaky start to the week as e…
Spain Inflation Cools in December, Harmonised Rate Falls to 3.0%
Spain’s European Union-harmonised 12-month inflation rate eased to 3.0% in December, down from 3.2% …
U.K. Economy Returns to Growth in November, but Outlook Remains Fragile
The U.K. economy returned to growth in November after a disappointing start to the fourth quarter, a…
Oil Prices Ease After Surge as Traders Weigh Iran Risks Against U.S. Stockpiles
Oil prices edged lower in Asian trading on Wednesday after the previous session’s sharp rally driven…
Q4 – Banks Beat the Numbers, Markets Sell the Story
The U.S. earnings season accelerated in mid-January as several major banks reported fourth-quarter 2…
Fed Beige Book Shows US Economy Gaining Momentum, Jobs Stable
The latest Beige Book released by the Federal Reserve highlights a gradual pickup in economic activi…
Wall Street Retreats Amid Tech Slump and Geopolitical Risk as Supreme Court Looms Over Trump Tariff Case
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Why the Fed Is Keeping Its Guard Up in 2026
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Inflation Holds Its Breath: What the Latest U.S. CPI and PPI Mean to Fed, the Dollar, and the Economy
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Market Analysis
September, 2021
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17 September 2021 1:29 am
Canadian Stocks Fall on Drop in Commodity Shares
The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …
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16 September 2021 10:45 pm
US Dollar Spiked Up to a Fresh September High
The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …
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16 September 2021 8:44 pm
Wall Street Turns Red after a New Jump in U. S. Jobless Claims
Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …
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16 September 2021 6:19 pm
U.S. Major Indexes Trading Mixed after U.S. Macro Data
US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …
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16 September 2021 4:40 pm
U.S. Dollar Stumbles, Eyes on Fed
The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …
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16 September 2021 4:33 pm
US Retail Sales Rise by 0.7% in August
Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.
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16 September 2021 3:55 pm
China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19
China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …
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16 September 2021 3:16 pm
The Euro Fell to Weekly Lows
EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …
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16 September 2021 2:40 pm
Gold is Falling With The Rise of The Dollar
Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …
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16 September 2021 1:51 pm
Oil Retreats on The Decline of US Inventories
Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …
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16 September 2021 1:11 pm
European Shares Rise on Travel Rebound
European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …
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16 September 2021 12:31 pm
Japan Shares Close Lower on Profit-Taking
Japanese stocks closed lower for the second consecutive session on Thursday, as investors continued to book profits after the recent rally boosted by hopes of new political leadership. The Nikkei index fell 0.62 percent to close at 30,323.34 points, after rising about 0.36 percent earlier in the session. The broader …
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