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Market Analysis

October, 2021

  • 1 October 2021 1:28 am

    Before midnight deadline, Congress moved to avoid shutdown.

    Congress managed to prevent a government shutdown Thursday just some hours before midnight deadline and The U.S. will avoid a lapse in funding once Joe Biden signs it into law.The Senate and House both passed a short-term appropriations bill that will keep the government running till 3 December.The Senate approved …

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  • 1 October 2021 1:21 am

    GBP stabilizes after sharp fall

    The British pound has reaped considerable gains on Thursday trading session. GBP/USD is currently trading at 1.3476, up 0.36%.The positive news was about the UK economy, as the final estimate for UK growth in Q3 was 5.5%, revised upwards from 4.8%. The United Kingdom’s GDP is now about 3.3% below …

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  • 1 October 2021 12:57 am

    Oil surges over Beijing’s orders ahead of OPEC+ meeting

    Oil is trading at USD 75.08 a barrel for WTI and at USD 77.70 for Brent on Thursday.The global energy crisis impacted China’s economy, however, since China came out to express preparedness to pay top dollar to secure more supply and issued orders to energy suppliers to stock up, oil …

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  • 1 October 2021 12:22 am

    Yen slows down U. S. dollar rally

    The Japanese yen has reaped gains and versed directions on Thursday. The USD/JPY is trading currently at 111.48, down 0.41% during the day’s trading session.The yen previously experienced six successive losing sessions and dropped about 2 percent. On Wednesday, USD/JPY was above the 112 line for the first time since …

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September, 2021

  • 30 September 2021 11:45 pm

    Secretary Yellen calls for permanent end to debt limit

    Treasury Secretary Janet Yellen, Thursday, called for an ultimate end to the federal debt ceiling altogether and shot the idea raised by down lawmakers of minting a USD 1 trillion coin to avoid defaulting on the debt.Yellen described the debt limit as “very destructive” during the House’s before the Committee …

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  • 30 September 2021 10:20 pm

    Dow drops 400 points as stocks face worst month in 2021

    Wall Street reversed direction midday Thursday, with the Dow falling 400 points on the final trading day of the month and the quarter.Major indexes on Wall Street opened higher on Thursday but were unable to hold onto their gains. Around midday, the Dow (INDU) traded at 1.2%, or about 400 …

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  • 30 September 2021 9:23 pm

    Report: Biden’s economy better than thought, worse than aspired

    The economic performance of Joe Biden’s first quarter as president is good, but not great. America’s economy grew at a slightly faster rate than previously reported in the second quarter due to increased consumer spending, exports and inventory investment, the Bureau of Economic Analysis reported Thursday.Gross domestic product, the broadest …

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  • 30 September 2021 8:52 pm

    Crude oil resumes uptrend amid Chinese measures

    West Texas Intermediate futures have bounced up to USD 75.70 on China’s measures to secure supplies.Crude oil futures have turned positive on daily charts. Oil prices lost ground following an unexpected increase in U. S. inventories.Oil prices have bounced more than USD 2 in less than an hour, erasing previous …

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  • 30 September 2021 5:33 pm

    Another 362,000 Individuals Filed New Claims Last Week

    U.S. states saw an unexpected increase in initial jobless filings last week, even as companies across industries looked to bring on workers to fill widespread vacancies. The US Labor Department said on Thursday that first-time government jobless claims increased by 11,000 to a seasonally adjusted 362,000 for the week ending …

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  • 30 September 2021 4:39 pm

    US: Real GDP Growth Stood at 6.6% in Q2

    The US Bureau of Economic Analysis released the final US GDP report this Thursday and confirmed that the world’s largest economy expanded at an annualized pace of 6.6% during the April-June period. The reading matched the Preliminary estimate and market expectations.

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  • 30 September 2021 4:18 pm

    Germany: Annual HICP Rose to 4.1% in September

    According to the preliminary estimate published by Destatist this Thursday, consumer inflation in Germany, as measured by CPI, remained flat for the second successive month in September as against market expectations for a modest 0.1% rise. On a yearly basis, the headline CPI rose 4.1% during the reported month from …

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  • 30 September 2021 2:18 pm

    Japan’s Nikkei Continues to Decline

    Japan

    The Japanese Nikkei index ended Thursday, September 30, with its best monthly performance since November 2020, even as markets fell for the fourth consecutive session on concerns about the growth of the Chinese economy due to the worsening electricity crisis. The Nikkei index fell 0.31% to 2,9452.66 points but recorded …

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  • 30 September 2021 1:44 pm

    The US Dollar Near Its Highest Level in a Year

    The US dollar approached one-year highs against major currencies on Thursday amid expectations that the Federal Reserve will gradually scale back stimulus measures from November, while the commodity-linked Australian dollar benefited from higher iron ore prices. The dollar, which is considered a safe haven, made significant gains in the last …

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