The United States Treasury Secretary Janet Yellen said on Wednesday that the proposals of President Joe Biden to raise corporate tax rates would be fair for the country and would push more companies to invest in the American economy, by abolishing incentives shifting investments and profit abroad. The new tax …
Read More »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 Movers – US Session: US Jobs Data Boosts Risk Appetite, Trump To Sign “Big, Beautiful Bill”
The US session on July 4, 2025, is expected to be subdued due to the Independence Day holiday, with …
Market Analysis
April, 2021
-
8 April 2021 12:30 am
Biden Says his Plans is Needed to Compete with China
U.S. President Joe Biden opened the door on Wednesday for negotiations about the tax increases necessary to finance his proposed $2.25 plan for developing infrastructure. However, Biden once again pointed to the competition between the United States and China on the global stage, urging support for what he says are …
Read More » -
8 April 2021 12:07 am
Minutes Show Fed Maintains Policy with Possible Changes Sooner than Expected
The United States Federal Reserve Board remains committed to supporting the economy until it completes the recovery but it is still concerned about the risks resulting from the coronavirus pandemic, according to the minutes of its most recent meeting. Members of the Federal Open Market Committee (FOMC) agreed that the …
Read More » -
7 April 2021 11:03 pm
Oil Finishes on Mixed Note
Oil prices showed a mixed performance on Wednesday, as the global benchmark crude futures rose amid positive expectations for economic recovery around the world, while the U.S. oil futures declined following a surge in fuel stockpiles. Brent crude futures for May delivery rose by 42 cents, or 0.67%, to $63.16 …
Read More » -
7 April 2021 10:26 pm
European Stocks Finish Lower but FTSE100 Surges
European stocks closed marginally lower on Wednesday, a day after logging a new record high, as healthcare stocks led the declining sectors. The pan-European STOXX 600 index finished lower by 0.14%, with the healthcare sector declining by 0.9%, while the insurance sector rose by 0.6%. The German benchmark index (DAX) …
Read More » -
7 April 2021 9:45 pm
Fed’s Evans Welcomes 3% Inflation Rate
President of the Federal Reserve Bank of Chicago, Charles Evans, on Wednesday expressed a positive sentiment towards a stronger economic growth in 2021. “I am optimistic that the economy is poised for strong growth later this year.” Evans said the U.S. Federal Reserve must witness sustainable progress in achieving its …
Read More » -
7 April 2021 9:00 pm
U.S. Mortgage Applications Decline for Second Week
Applications for new loans to purchase houses in the United States declined by 4.6% last week, data by the Mortgage Bankers Association (MBA) showed on Wednesday. This is the second consecutive weekly decline for U.S. mortgage applications. The fixed-rate for the 30-year mortgage rose to its highest level in about …
Read More » -
7 April 2021 8:23 pm
U.S. Oil Stockpiles Rise by 3.5 M Barrel in Week
Crude oil inventories in the United States declined by 3.5 million barrels last week, data by the Energy Information Administration (EIA) showed on Wednesday. Oil stockpiles reached 501.8 million barrels for the week ended on April 2, according to the EIA’s weekly report. Meanwhile, gasoline inventories increased by 4 million …
Read More » -
7 April 2021 7:25 pm
U.S. Trade Deficit Hits New High in February
Trade in the United States rose to a new record high in February, data showed on Wednesday. The U.S. Department of Commerce reported that the balance of trade recorded a 4.8% surge in deficit to a new record level of $71.1 billion in February. American exports decreased by 2.6% to …
Read More » -
7 April 2021 6:41 pm
Canada: International Trade Surplus Narrows to $1.04 Billion
Canada’s merchandise trade surplus with the world narrowed to $ 1,04 billion in February from $ 1.2 billion in January, the monthly data published by Statistics Canada revealed on Wednesday. This reading came in slightly better than analysts’ estimate for a surplus of $ 1 billion.
Read More » -
7 April 2021 5:21 pm
US: Goods and services Trade Deficit Widens to $71.1 Billion
The goods and services deficit of the US widened by $3.3 billion to $71.1 billion in February, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
Read More » -
7 April 2021 5:09 pm
Record Levels of Electric And Hybrid Vehicle Sales in The UK
In a sign of the accelerating shift towards electric cars in Britain, last March recorded sales of 13.9 percent of total car sales in the country, a record high compared to March 2020, when sector sales recorded only 7.3 percent According to the Association of Car Manufacturers and Dealers in …
Read More » -
7 April 2021 4:38 pm
IMF: Global Economy to Grow by 6% in 2021
After the major economic challenges the world faced last year due to the Covid-19 pandemic, the International Monetary Fund (IMF) announced that the global economy recovery will be greater than expected in the years 2021 and 2022, driven by strong growth in the United States. The IMF is currently taking …
Read More »