The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, as Wall Street investors looked at recent economic data that suggested the manufacturing sector, as an indicator for the economy, continue to expand but at a slow pace due to supply chain challenges. The Dow …
Read More »Trump’s Ukraine Diplomacy: Short-Term Oil Surge Masks Long-Term Risks
Oil prices climbed 1% on Monday, reflecting investor optimism around U.S. President Donald TrumpR…
Bitcoin’s Bullish Rally Stalls Amid Macroeconomic Uncertainty
Bitcoin’s remarkable rally, which saw it surge to a new all-time high of $124,517 on August 14…
Dollar Climbs, Yields Surge: Debt Overhang Spells Trouble Ahead
U.S. bond yields are climbing sharply as the national debt eclipses $37 trillion, a threshold crosse…
Wall Street Pauses Ahead of Jackson Hole Symposium
After a record-breaking rally, the Dow Jones Industrial Average (DJIA) is taking a moment to catch i…
Market Drivers – US Session: Focus Shifts to Canada’s Inflation
Recent movements in the forex world highlight a period of heightened caution and strategic positioni…
Trump’s Promises of Manufacturing Boom Meet Economic Skepticism
Donald Trump’s aggressive trade policies, including sweeping tariffs on imports from over 100 …
Trump’s Delegation Confirms Putin Is Ready for Concessions
A new wave of diplomacy is sweeping through Washington as European leaders, accompanied by Ukrainian…
Will Fed Chair Have Surprises In His Last Speech at Jackson Hole?
Jerome Powell’s upcoming speech at the Jackson Hole symposium on Friday, August 22, 2025, offers a p…
Gold Holds Steady in Tense Trade Amid Economic Crosswinds Before Trump-Zelenskyy Summit
Gold prices maintained a narrow trading band on Monday, August 18, 2025, edging slightly lower by 0.…
Weekly market wrap: Powell’s statements in Jackson Hole into focus
Throughout the last trading week, US dollar was a net loser amid improvement in risk appetite, incre…
Market Analysis
May, 2021
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3 May 2021 10:56 pm
Oil Futures Rise on Positive Demand Expectations
Oil prices rose on Monday, amid signs of an improved demand outlook, despite the rising number of cases of the coronavirus, especially in India. Recent expectations of a strong recovery in the global demand for crude oil during the second half of the year continue to provide support for oil …
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3 May 2021 10:09 pm
Gold Futures Close Higher as USD and Treasury Yields Decline
Gold prices rose on Monday after four consecutive declines, on the back of the U.S. Dollar’s (USD) decline and an improved demand for safe haven assets, as Treasury bond yields retreated. Gold futures for June delivery gained $24.10, or 1.4%, to close at $1,791.80 per ounce. This marked the highest …
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3 May 2021 9:30 pm
European Stocks Finish Higher on Recovery Signs
European stocks opened the week with a positive performance, closing higher on Monday, supported by an improved investors’ sentiment as regulators plan to ease restrictions on travel as the coronavirus become more contained in the continent. Positive economic data and earnings reports also provided support to the market amid recovery …
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3 May 2021 7:27 pm
U.S. Construction Spending Rises in March
Spending on construction projects in the United States increased in March but the increase came below market expectations, official data showed. U.S. construction spending increased by 0.2% in March to reach a seasonally adjusted annual rate of $1.51 trillion, according to data by the U.S. Department of Commerce released on …
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3 May 2021 7:21 pm
Canada Manufacturing PMI Declines in April
The headline Canada Manufacturing Purchasing Managers’ Index (PMI) registered a seasonally adjusted reading of 57.2 in April, down from 58.5 in March. The reading signals the third-strongest growth in operating conditions on record, according to IHS Markit’s report released on Monday. “April data signaled another robust overall expansion in operating …
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3 May 2021 7:09 pm
U.S. Manufacturing PMI Slows in April
The manufacturing sector in the United States continued to expand but at a slower pace during April compared with the previous month, data showed on Monday. The manufacturing purchasing managers’ index (PMI) declined to 60.7 last month from a record high of 64.7 in March, according to the Institute for …
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3 May 2021 5:30 pm
Wall Street Opens Higher amid Recovery Signs
The New York Stock Exchange (NYSE) opened the first week of May on a positive note, after recording losses last week. Wall Street investors are expecting a rebound from the negative impacts of the Coronavirus pandemic, and optimistic about large listed companies and corporations achieving positive results. The Dow Jones …
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3 May 2021 4:02 pm
President of German Hospital Federation: Indications of The Decline in Number of Coronavirus Cases in Germany
The head of the German Hospital Association, Gerald Gass, told the widespread newspaper Bild that the stability of the number of new cases of Covid-19 in Germany raises hopes that the burden will not be increased on intensive care units. “We are looking for the numbers of new cases to …
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3 May 2021 3:28 pm
Dollar Holds onto Its Gains as Investors Await US Data, Hoping For Indications on Policy
Today, Monday, the dollar clung to its recent rally, as investors were cautious at the start of a week full of central bank meetings and important US economic data to elicit indications of global inflation outlook and the reactions of policymakers. Trading was limited due to a holiday in both …
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3 May 2021 2:36 pm
EU Proposes to Ease Restrictions on Non-essential Travel For Vaccinated
The European Commission proposed that Member States ease the current restrictions on non-essential travel into the block for those who have been vaccinated. The travel ban has been in place for over a year amid the continuous surge in COVID-19 cases. The announcement raised prospects for the gradual reopening of …
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3 May 2021 2:27 pm
Reuters: Liquefied Natural Gas Shipments Diverted From India as The Pace of Coronavirus Cases Accelerates
Commercial and shipping sources said today that LNG shipments are being diverted away from ports in India, as the acceleration of coronavirus infections there undermines domestic demand for gas, according to Reuters. Last week, at least four LNG shipments from India were diverted to other locations in Asia instead, the …
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3 May 2021 2:23 pm
German Retail Sales Jump in March as Isolation Eases
Data on Monday showed that German retail sales in March recorded the largest year-on-year increase since the start of the Covid-19 pandemic, with some isolation measures eased, raising purchases of clothing and shoes. The Federal Statistical Office said that retail sales jumped 11% compared with the same period a year …
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