Biotech company Novavax said today that its COVID-19 vaccine has been shown to be 90.4% safe and effective overall in phase 3 clinical trials for nearly 30,000 participants across the United States and Mexico. Also, it was found that the two-dose vaccine is 100% effective in preventing moderate and severe …
Read More »Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain
The euro remained stable on Friday, supported by renewed political calm in France after recent tensi…
Bitcoin’s October Slump Fuels Hope for a Major Comeback
Bitcoin’s price dropped again in October, stirring memories of past downturns that often came just b…
Washington Moves to Ease Capital Rules for Small Banks in Bid to Boost Lending
U.S. regulators are preparing a proposal aimed at giving community banks more room to lend by easing…
Swiss Franc Rises as Global Trade Worries and Rate Cut Bets Pressure the US Dollar
Trade Tensions and Rate Cut Bets Push the Dollar DownThe US Dollar is facing significant downward pr…
U.S. Futures Extend Losses as Regional Bank Worries and Geopolitical Tensions Weigh
U.S. stock index futures slipped further on Friday, extending the previous session’s selloff as rene…
Oil Prices Slip as Trump–Putin Peace Talks Ease Supply Fears
Crude on Track for 3% Weekly LossOil prices extended their decline on Friday, heading toward a weekl…
Bank of Japan Signals Continued Tightening Path Amid Global Uncertainty
The Bank of Japan (BOJ) reaffirmed its cautious yet tightening stance on Friday, as Deputy Governor …
Market Analysis
June, 2021
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14 June 2021 3:20 pm
Turkish Lira Rises Before The Meeting of The Turkish And U.S Presidents
The Turkish lira rose about 0.6% against the US dollar on Monday, ahead of a meeting between the presidents of the United States and Turkey hoping to ease tensions in diplomatic relations. The lira settled at 8.34 per dollar as European markets opened, after closing at 8.4010 on Friday. The …
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14 June 2021 2:42 pm
Eurozone Industrial Production Grew Better Than Expected in April
Today’s data showed that industrial production for the Eurozone exceeded expectations in April thanks to a more than doubled production of durable consumer goods compared to the previous year after economies reopened steadily. The European Union statistics office Eurostat said industrial production in the 19-country Eurozone rose 0.8% month-on-month and …
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14 June 2021 1:46 pm
The Dollar Rises in an Important Week For The Markets
The dollar maintained its gains today, after recording the largest weekly gain in six weeks, as traders cut bets on the currency’s decline ahead of the upcoming Federal Reserve meeting, which may indicate future changes in US monetary policy. The US central bank begins a two-day policy committee meeting tomorrow, …
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14 June 2021 1:12 pm
Oil Rises With Improved Expectations of Demand And Tight Supplies
Oil prices rose today, continuing the gains that lasted over three weeks, thanks to improved expectations for fuel demand, as Covid-19 vaccinations contributed to lifting travel restrictions, as well as tight supplies. Brent crude rose 51 cents, or 0.7%, to $73.20 a barrel, the highest level since May 2019. West …
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14 June 2021 12:27 pm
Japanese Stocks Rise on Toshiba Crisis
Japanese shares rose on Monday as cyclical stocks such as tire makers rose, while Toshiba advanced after the company announced that two board members would be retiring amid a crisis over its governance. The Nikkei index rose 0.74% to 2,9161.80, its highest closing level since May 10. The broader Topix …
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14 June 2021 4:29 am
Weekly Recap: 7-11 June
It was a week full of data, from the European Central Bank to US inflation figures and Lagarde comments. Here are the week’s highlights and data. Last week’s session observed the US dollar abandon its two-week indecisive phase and establish moderate gains. Gold ended weekly trading in an upward trend, …
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12 June 2021 1:04 am
Wall Street Closes Higher with S&P 500 Hitting New Record High
The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with Wall Street investors showing little concern over the recent surge in inflation, as it is likely to be temporary. The Dow Jones Industrial Average closed at 34,479.60 points, rising by 13.36 points, or 0.04%, failing …
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12 June 2021 12:46 am
Oil Registers Third Straight Weekly Rise
Oil prices finished higher on Friday, registering their third consecutive weekly rise, at fresh two-year high levels. Expectations for demand recovery continue to provide support for crude prices as the global economy shrugs off the effects of the coronavirus pandemic. Brent crude futures for August delivery rose by 17 cents, …
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11 June 2021 11:54 pm
European Stocks Close Higher at New Record
European stocks surged on Friday to close to a new record high, with markets digesting concerns about the surge in U.S. inflation as it is expected to be temporary. The STOXX Europe 600 index gained 0.68% to finish at 457.64 points, maintaining its rising trend for the sixth consecutive session. …
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11 June 2021 10:39 pm
Gold Closes Lower and Turns to Weekly Losses
Gold prices declined on Friday and finished at its lowest level in about a week, as the U.S. Dollar rose across the board. The USD’s rise and selling pressures due to profit making weighed on the yellow metal, which continues to signal strength and maintain most of its gains on …
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11 June 2021 9:25 pm
EUR/USD Extends Losses as Dollar Strengthens
The Euro (EUR) declined against the U.S. Dollar (USD) on Friday, losing multiple support levels as the greenback rose across the board. The European currency’s losses come after the European Central Bank (ECB) decided to maintain the current interest rates and committed to the current pace of asset purchases, with …
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11 June 2021 8:42 pm
Dollar Soars to Highest Level in a Week
The U.S. Dollar (USD) rose on Friday against major peers to its highest level in a week, supported by positive data and rising bond yields. The benchmark U.S. Treasury bond yield is showing rebounding signs, following strong drops. Meanwhile, data showed an improvement in the U.S. consumer sentiment this month, …
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