The business activity in Canada’s manufacturing sector continued to expand at a robust pace in March with the IHS Markit Manufacturing PMI rising to 58.5 from 54.8 in February.
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
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…
Market Analysis
April, 2021
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1 April 2021 5:07 pm
US: Challenger Job Cuts Drop in March
Planned job cuts in the US-based employers dropped to 30,603 in March from 34,531 in February, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. This reading represented an 86% decline from the 222,288 job cuts announced in the same month last year when businesses were …
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1 April 2021 4:38 pm
US: Weekly Initial Jobless Claims Rise to 719K
There were 719,000 initial claims for unemployment benefits in the US during the week ending March 27, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 658,000 (revised from 684,000) and came in worse than the market expectation of …
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1 April 2021 3:45 pm
Copper Drops to 6 Weeks Low
Copper fell to its lowest level in six weeks below $4 a pound, weighed by worries about demand from consuming China as well as supply disruptions after the Caixin survey showed that Chinese manufacturing activity in March expanded unexpectedly at the slowest pace in nearly a year. Copper prices fell …
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1 April 2021 3:39 pm
Eurozone Factory Activities Rise in March
The monthly growth of factory activities in the euro area increased at the fastest pace in the history of an important survey of companies extending to nearly 24 years last month, but disruptions in supply chains and renewed general isolation measures in the region may curb activity soon. With Europe …
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1 April 2021 2:52 pm
UK Final Manufacturing PMI Beats Estimates in March
The UK manufacturing sector activity quickened its pace of expansion in the month of March, the final report from IHS Markit confirmed on Thursday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 58.9 in March versus 57.9 expected and 57.9 first readout.
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1 April 2021 2:37 pm
Reuters: OPEC+ Hesitant Between Extending oil Production Cuts and Increasing Supplies
Sources in OPEC + told Reuters that the group will discuss two main options for oil policy in May and after that, including an extension of existing cuts and a gradual increase in production. Two sources said the increase would not exceed 0.5 million barrels per day.
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1 April 2021 1:59 pm
French Minister of Health: The Peak of Corona’s Infection May be Within 10 Days
French Health Minister Olivier Ferrand told Radio France Inter that the country could reach the peak of the third wave of the Covid-19 pandemic within 7 to 10 days after President Emmanuel Macron announced on Wednesday new restrictions to combat the pandemic. Macron ordered the imposition of the third general …
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1 April 2021 1:27 pm
Oil Gaining as OPEC+ Meets to Decide on Production Policy
Oil prices rose on Thursday, April 1, to offset some of the losses incurred in the previous session, as hopes grew that OPEC and its allies, who will meet later today, will decide to continue curbing production in the face of a new rise in Covid-19 infections in some areas. …
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1 April 2021 12:52 pm
Gold Recovering From a 3-Week Low as The Dollar’s Rise Has Been Halted
Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden’s plan of more than $2 trillion for jobs provided further support for the yellow metal’s appeal as a hedge against inflation. And …
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1 April 2021 12:33 pm
European Stocks Enter a New Quarter With Limited Gains
European stocks began the new quarter with limited gains Thursday, April 1, as concerns about another wave of Covid-19, with France imposing a third lockdown measure, overshadowed optimism about a new spending plan for the US government. The European Stoxx600 index rose 0.2% in early trade, hovering three points below …
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1 April 2021 12:21 pm
Japan Stocks Rise on Tech Sector
Japanese stocks rose Thursday, April 1st, as investors snapped up shares of semiconductor companies on the first day of the new fiscal year, thanks to hopes for strong corporate business results. The benchmark Nikkei index closed 0.72% higher at 29,388.87 points, while the broader Topix index increased 0.19% to 1,957.64 …
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1 April 2021 5:52 am
Biden Presents $2.25 Trn Jobs Plan
U.S. President Joe Biden proposed on Wednesday his plan to renovate American infrastructure with public expenditure exceeding $2.25 trillion, in what he calls “a once in a generation investment.” Following the passing of his $1.9 trillion stimulus package, named the American Rescue Plan, Biden presented the “American Jobs Plan” with …
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