President of the Federal Reserve Bank of New York, John Williams, said on Wednesday that the pace of economic recovery would determine when the Fed could begin raising interest rates. Wide distribution of vaccines, containing the virus, and strong economic growth could lead the U.S. Federal Reserve to pull back …
Read More »Market Movers – US Session: US Jobs Data Boosts Risk Appetite, Trump To Sign “Big, Beautiful Bill”
The US session on July 4, 2025, is expected to be subdued due to the Independence Day holiday, with …
Will Trump Postpone the Tariff Deadline Beyond July 9, 2025? Who is Closest to Framework Agreements?
As the July 9, 2025, deadline for President Donald Trump’s “reciprocal” tariffs ra…
Canadian Dollar Gains Momentum as U.S. Jobs Data Boosts Market Optimism
The Canadian Dollar climbed against the U.S. Dollar, pushing the USD/CAD pair toward multi-month low…
Will Robust Jobs Data, Trump’s Fed Pressure Reshape Wall Street’s Momentum?
Wall Street surged, with the S&P 500 up 0.83%, Nasdaq up 1.02%, and Dow Jones Industrial Average…
Just Passed by Both Chambers: Trump’s “One Big Beautiful Bill” Sparks Economic Hope, Deficit Debate
On Thursday, July 3, the U.S. House of Representatives passed President Donald Trump’s “One Big Beau…
Can Trade Optimism Sustain Oil Price Recent Gains Ahead of OPEC+ and Tariff Risks?
On July 3, 2025, Brent crude futures dipped to $68.74 per barrel, down 0.54%, while WTI crude future…
US Treasury Secretary: It’s up to Fed to decide on rates, Powell replacement discussions set for fall
U.S. Treasury Secretary Scott Bessent emphasized that interest rate decisions rest with the Federal …
GBP/USD Holds Firm Amid US Jobs Strength and UK Reeves Uncertainty
The GBP/USD pair showed resilience, trading 17% up, steadily at 1.3654 despite a robust US jobs repo…
Has Surprisingly Strong Jobs Report Dashed Hopes for Sooner Rate Cuts?
The robust U.S. jobs report for June, released on July 3, 2025, has upended expectations for a Feder…
U.S. Nonfarm Payrolls Report: June Data Shows Better-than-Expected Job Growth
The U.S. job market showed stronger-than-expected growth in June, according to the latest data from …
Market Analysis
March, 2021
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25 March 2021 12:27 am
Gold Finishes Higher amid Coronavirus Fears
Gold prices returned to gains on Wednesday, following two consecutive daily declines, amid increased demand for safe-havens, amid concerns about a third wave of the Coronavirus pandemic and renewed lockdowns in Europe. The rise of the yellow metal futures came despite the rise of the U.S. Dollar (USD) to its …
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25 March 2021 12:09 am
Bitcoin Declines Following Brief Surge on Tesla’s Tweet
Customers of Tesla can now purchase the company’s famous electric cars using Bitcoin, the company’s CEO Elon Musk announced on Wednesday through Twitter. “You can now buy a Tesla with Bitcoin,” Musk tweeted. Earlier this year, Tesla decided to invest $1.5 billion in the cryptocurrency, which helped Bitcoin reach new …
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24 March 2021 11:48 pm
Powell: It is Going to be a Very Strong Year
Chairman of the United States Federal Reserve Jerome Powell spoke in an optimistic tone about the recovery of the U.S. economy from the impact of the Coronavirus pandemic, during his testimony before the Senate Banking Committee. Powell said that 2021 “is going to be a very, very strong year in …
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24 March 2021 11:39 pm
Yellen Sees Banks in Healthy Positions
U.S. Treasury Secretary Janet Yellen believes that American banks could be allowed to pay dividends and repurchase stock as they show recovery to a healthy position, she told the Senate Banking Committee in her testimony on Wednesday. According to Yellen, banks “should have some ability to, abiding by the rules, …
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24 March 2021 10:24 pm
EUR Declines as USD Nears Highest Level in Four Months
The Euro (EUR) is showing a downward performance against the U.S. Dollar (USD) on Wednesday, with the later nearing its best level in about four months against rivals. The EUR/USD pair is trading lower for the day by 0.17% at 1.1829. The pair has been moving today in a range …
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24 March 2021 9:12 pm
European Stocks Close Wednesday Mixed
European stocks showed a mixed performance on Wednesday, amid concerns about the resurgence of the Coronavirus pandemic through a third wave, a slow rollout of vaccines, and the implications on the global economy. The STOXX Europe 600 index finished nearly unchanged, adding 0.24 points, or 0.057%, and closing at …
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24 March 2021 7:57 pm
DXY Maintains Gains as Treasury Yields Continue to Rise
The U.S. Dollar (USD) continued an upward trend on Wednesday, supported by the rise in Treasury bond yields. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.15% at 92.48. The index has been fluctuating today in a range …
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24 March 2021 6:17 pm
US: Markit Manufacturing PMI Edges Higher in March
The IHS Markit’s Manufacturing PMI edged higher to 59 in March from 58.6 in February, revealing that the business activity in the manufacturing sector continued to expand at a robust pace. This reading came in slightly lower than the market expectation of 59.3.
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24 March 2021 5:33 pm
US: Durable Goods Orders Decline in February
Durable Goods Orders in the United States declined by 1.1%, or $2.9 billion, in February to $254 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed January’s increase of 3.5% and missed the market expectation of +0.8%.
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24 March 2021 4:59 pm
Currencies Overview: The Dollar Reaches a 4-Month High on Fears of European Lockdowns And a US Tax Hike
The dollar hit a four-month high on Wednesday, March 24, as concerns about a third wave of the Covid-19 pandemic in Europe, the prospect of a tax hike in the United States, and mounting tension between the West and China weighed on risk appetite. The dollar index rose to a …
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24 March 2021 4:18 pm
The Eurozone Economy Returns to Growth in March With Factory Activity
A preliminary survey showed a sudden return to economic activity in the euro area to grow this month, as factories increased their production to the fastest pace in more than 23 years, offsetting a continuing slowdown in the region’s dominant service sector. But the final reading of the survey and …
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24 March 2021 3:37 pm
Germany Approves an Additional Budget That Includes a New Record Borrowing
An official said that the government of German Chancellor Angela Merkel approved a debt-financed supplementary budget of 60 billion euros, 71 billion dollars, which raises the new borrowing to a record level exceeding 240 billion euros this year. The revised budget highlights Berlin’s willingness to continue huge borrowing-financed spending during …
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