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Market Analysis

September, 2021

  • 1 September 2021 12:26 am

    Gold Scores Second Consecutive Monthly Rise

    Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …

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August, 2021

  • 31 August 2021 11:00 pm

    European Stocks Rise for Seventh Straight Month

    European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …

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  • 31 August 2021 10:00 pm

    USD Rebounds Despite Drop in Consumer Sentiment

    The U.S. Dollar (USD) is rebounding, after spending most of Tuesday in the negative territory, as investors are adjusting their positions, thus easing selling pressures. In addition, Treasury bond yields leveled up, providing support for the greenback. The Dollar Index (DXY) is now marginally higher for the day by 0.03% …

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  • 31 August 2021 5:57 pm

    Canada: Real GDP Expands by 0.7% in June

    Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.

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  • 31 August 2021 5:06 pm

    US: Housing Price Index Rises by 1.6% in June

    The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May’s increase of 1.8%. This reading fell short of the market expectation of 2.1%.

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  • 31 August 2021 3:56 pm

    The Dollar at Lowest Level in 3 Weeks

    The dollar approached a 3-week low against a basket of currencies on Tuesday, August 31, as investors looked to this week’s US jobs data for clues about the timing of stimulus cuts. The dollar has been on the decline since US Federal Reserve Chairman Jerome Powell’s statement at Jackson Hole …

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  • 31 August 2021 2:30 pm

    Gold Rises Again to a One-Month Peak as Dollar And Bond Yields Fall

    Gold rose on Tuesday to a four-week high hit in the previous session, supported by a weak dollar and falling US Treasury yields, as investors awaited the US non-farm payrolls data due later this week. Gold in the spot market rose 0.3% to $ 1815.11 an ounce by 0848 GMT, …

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  • 31 August 2021 1:35 pm

    Germany’s Unemployment Rate Drops Again in August as Recovery Continues

    Merkel

    Official data revealed on Tuesday, August 31, that the unemployment rate in Germany fell more than expected in August, as the recovery continued in Europe’s largest economy despite the increase in Covid-19 infections. The Ministry of Labor stated that the number of unemployed decreased by 53,000, after adjusting for seasonal …

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  • 31 August 2021 1:21 pm

    Turkey’s Trade Deficit Rises by 51% in July on an Annual Basis

    Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 51.3% year on year in July to $4.278 billion according to the general trade system. The institute said that after the damage to trade a year ago due to the Corona pandemic, Turkey’s exports rose 10.2% …

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  • 31 August 2021 12:48 pm

    European Shares Are Heading For a Seventh Straight Month of Gains

    European shares rose on Tuesday, August 31, heading towards the seventh consecutive month of gains, as hopes of adopting more policies to support the economy outweighed the economic risks associated with the increase in cases of Covid-19 disease due to the spread of the delta strain around the world. The …

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  • 31 August 2021 5:33 am

    OPEC+ to Maintain Output Policy

    OPEC

    It is expected that the upcoming meeting for the Organization of the Petroleum Exporting Countries (OPEC) and its allies will decide on Wednesday to maintain the current output policy, which entails easing production cuts gradually, amid a global recovery from the pandemic. The OPEC+ previously decided to increase production by …

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  • 31 August 2021 5:28 am

    Wall Street Mixed Logging New Record Highs

    The main indices of the New York Stock Exchange (NYSE) closed mostly higher on Monday, with S&P 500 and the Nasdaq hitting new fresh closing record highs in the first session of the week. Wall Street investors showed an increased appetite for technology stocks. The Dow Jones Industrial Average lost …

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  • 31 August 2021 4:37 am

    Bitcoin Trading a Little Below $47,000

    Most cryptocurrencies are showing a negative performance on Monday, led by Bitcoin. The world’s largest digital currency in terms of market capitalization is trading down for the day by 3.87% at $46,761.30, extending its losses over the past seven days to 5.3%. Meanwhile, Ethereum and XRP are down by 0.7% …

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