The New York Stock Exchange (NYSE) finished Wednesday’s trading session with a mixed performance, as the technology sector rebounded. Meanwhile, the main three indices on Wall Street closed March with the fourth consecutive quarterly gains, supported by an improved sentiment towards economic recovery. The Dow Jones Industrial Average lost 85.41 …
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 2:51 am
USD Posts Best Quarterly Gains Since 2018
The U.S. Dollar (USD) saw a mixed performance on Wednesday, but managed to finish March and the First Quarter (Q1) of the year with large gains. Today, the greenback reached its highest level against the Japanese Yen (JPY) in about a year, supported by improved sentiment about economic recovery, however, …
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1 April 2021 2:32 am
U.S. Dollar’s Share in Currency Reserves Declines to 25-Year Low
The U.S. Dollar (USD) share of global currency reserves declined to its lowest level since 1995 during the fourth quarter (Q4) of 2020, according to data by the International Monetary Fund (IMF) released on Wednesday. However, the USD continued to account for more than half of currency reserves, reaching a …
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1 April 2021 1:56 am
Gold Ends Q1 with Worst Losses Since 2016
Gold futures rose on Wednesday, supported by the decline of the U.S. Dollar (USD) across the board. Nevertheless, the yellow metal futures continue to be impacted by the strong USD and high Treasury bond yields, which reflected negatively on gold’s performance during the first quarter (Q1) of the year. Gold …
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1 April 2021 12:41 am
Oil Declines Following U.S. Inventories Draw
Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies lowered their forecast for the growth of oil demand in 2021. Brent crude futures for May delivery lost $0.60, or 0.94%, to settle at $63.54 per barrel. Meanwhile, the U.S. West Texas Intermediate …
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1 April 2021 12:16 am
USD Recovers Some Losses but Remains in Decline
The U.S. Dollar (USD) recovered some of its earlier losses on Wednesday, but remained in the negative territory. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.09% at 93.21. Earlier today, the index declined as low as 92.99, …
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March, 2021
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31 March 2021 9:17 pm
European Stocks Close Lower but Maintain Monthly and Quarterly Rise
European stocks finished lower on Wednesday, after a 30% decline by the debutant Deliveroo stock on the London Stock Exchange (LSE) weighed on the market. The STOXX Europe 600 index declined by 0.24% at 429.60 points, remaining near it all-time record closing level seen on February 19, 2020, at 433.90 …
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31 March 2021 8:01 pm
U.S. February Pending Home Sales Drop for Second Month
Pending home sales in the United States declined in February for the second consecutive month, data by the National Association of Realtors showed on Wednesday. The Pending Home Sales Index declines by 10.6% last month compared with its level in January. On an annual basis, pending home sales decreased by …
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31 March 2021 7:00 pm
U.S. Private Payrolls Surge in March
The private sector in the United States saw the largest hiring in six months during March, according to data by the ADP National Employment Report on Wednesday. The surge in employment, as reflected in the rise in private payrolls, comes amid increased rate of vaccination across the U.S. and a …
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31 March 2021 6:28 pm
Reuters: OPEC Oil Production Rises in March
According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, and represents an obstacle to efforts to limit supplies if the increase by Tehran continues. The survey concluded that the …
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31 March 2021 5:34 pm
OPEC+ Oil Production Rise in March
According to a Reuters survey, OPEC oil production rose in March, as an increase in supplies from Iran was matched by reductions from other members under an agreement with allies, representing an obstacle to efforts to limit supplies if the production increase by Tehran continues. The survey concluded that the …
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31 March 2021 4:50 pm
Chairman of the Suez Canal Authority: The canal is operating at full capacity around the clock
The head of the Suez Canal Authority, Lieutenant General Osama Rabie, stated that the navigation traffic in the canal is working on a regular basis, as the navigation reports record, today, Wednesday, 81 ships crossing from both directions, with a total net tonnage of 4.8 million tons. A net amount …
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31 March 2021 4:11 pm
Reuters – Pfizer announces positive topline results of COVID-19 vaccine study in adolescents
Pfizer-BioNTech announced on Wednesday that their COVID-19 demonstrated 100% efficacy and robust antibody responses in participants aged 12-15 years old, as reported by Reuters. “Companies plan to submit these data to the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) as soon as possible to request …
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