The Bank of Canada (BoC) has decided to maintain its key interest rate unchanged at a record low of 0.25%, as the economy remains in need of support, according to the bank’s statement on Wednesday. Now the Canadian central bank expects to keep the current level of interest rates until …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
April, 2021
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21 April 2021 4:58 pm
U.S. Treasury Yields Edge Higher Ahead of Auction
Treasury bond yields in the United States rose on Wednesday, ahead of an anticipated auction for long-term debt instruments, namely 20-year government bonds. The benchmark 10-year Treasury bond yield increased by a single basis point to 1.572%. As for the 30-year bond yield, it leveled up by one basis point …
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21 April 2021 4:51 pm
Canada’s Inflation Rises in March to 2.2%
Canada’s Consumer Price Index (CPI) increased to 2.2% on an annual basis in March, data by Bank of Canada (BoC) showed on Wednesday. The acceleration in the inflation rate last month comes following a reading of 1.1% in February. Furthermore, the CPI stabilized at 0.5% on a monthly basis. As …
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21 April 2021 4:44 pm
Canada: Annual CPI Rises to 2.2% in March
Annual inflation in Canada, as measured by the Consumer Price Index (CPI), rose to 2.2% in March from 1.1% in February. This reading came in slightly lower than the market expectation of 2.3%. On a monthly basis, the CPI stayed unchanged at 0.5%. Moreover, the Bank of Canada’s Core CPI, …
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21 April 2021 4:02 pm
The German Constitutional Court’s Decision Supports The European Stimulus Plan
Germany’s Constitutional Court decided on Wednesday to dismiss legal appeals against the European Union’s recovery plan, effectively paving the way for unprecedented stimulus to be rolled out across the region. It is reported that Germany’s highest court raised questions in late March about the European Union’s plan to raise 750 …
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21 April 2021 3:03 pm
Russian Deputy Prime Minister: Russia May Discuss Fuel Exports Curbs
Commenting on the bill passed by the US House Judiciary Committee that would open OPEC to antitrust lawsuits over production cuts, Russian Deputy Prime Minister Alexander Novak said that he sees no threat to OPEC+ for now, per Reuters.
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21 April 2021 2:19 pm
Currencies Overview: Dollar Struggling to Recover From Lowest Level in 7 Weeks on US yields
The dollar weakened on Wednesday April 21, hovering just above the lowest level in seven weeks in light of the decline in US bond yields, which reduced the demand for currency returns. The US currency, which is considered a safe haven, has received some support from the decline in global …
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21 April 2021 1:43 pm
Oil Prices Decline, The Increase in Covid-19 Cases in India Weakens Demand Forecast
Oil prices fell for a second day Wednesday, April 21, under pressure from fears that the rise in Covid-19 injuries in India will push demand for crude to fall in the third largest oil importer in the world. The price of Brent crude futures for June delivery fell 29 cents, …
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21 April 2021 1:00 pm
Gold Gaining With Improved Appetite on Dollar and US Bond Yields
Gold prices rose on Wednesday, April 21, hovering near their seven-week highs reached earlier this week, as demand for the safe-haven metal increased due to declining US Treasury revenues. Spot gold rose 0.5% to $1786.80 an ounce, after reaching $1789.77 on Monday, its highest level since February 25. US gold …
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21 April 2021 12:58 pm
European Stocks Recovering On Technology
European stocks recovered Wednesday, April 21 from the worst downturn this year as fears of a rapid increase in Covid-19 cases in some countries were met with optimism about a strong results season. Technology stocks recorded the biggest gains, rising about 2%, and semiconductor equipment company ASML jumped 5.4% after …
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21 April 2021 12:18 pm
UK Inflation Rose to 0.7% in March From 0.4% in February
Official figures showed that British consumer price inflation increased to 0.7% in March from 0.4% in February, due to the rise in fuel and clothing prices, slightly below the average forecast of 0.8% in a Reuters poll of economists. Food prices are down from a year ago. British inflation is …
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21 April 2021 3:14 am
Powell: Fed Will Intervene if Inflation Overshoots
The Chairman of the United States Federal Reserve, Jerome Powell, recently told a Senator that inflation would be a little higher in 2021, due to the economic recovery from the coronavirus pandemic. However, Powell has vowed in his letter to Rick Scott on April 8 to limit consumer prices overshooting, …
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21 April 2021 3:07 am
Dogecoin Plummets from Record Highs
Dogecoin fell on Tuesday after reaching new all-time record highs earlier in the day, which was prompted by many social media users posting on hashtags supporting the meme-based cryptocurrency. The digital currency is now down by roughly 16% for the day at $0.337. However, the price of the cryptocurrency remains …
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