According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.
Read More »U.S. Futures Slip as Nvidia Earnings Sink In and Investors Eye U.S.-Iran Nuclear Talks
U.S. stock index futures edged modestly lower on Thursday as investors digested quarterly results fr…
Bitcoin Jumps Over 5% as Short Squeeze and Wall Street Optimism Fuel Crypto Rebound
Bitcoin surged on Thursday, extending its rebound from the previous session as bargain hunting, a wa…
Dollar Steadies After Nvidia Boost, Markets Await Clarity on New U.S. Tariffs
The U.S. dollar stabilized on Thursday after early losses, supported by strong earnings from artific…
Lagarde: AI Lifting Euro Zone Productivity Without Triggering Job Losses—For Now
Artificial intelligence is helping to boost productivity across the euro zone, but it has not yet le…
European Stocks Mixed as Earnings Flood Continues, Nvidia Results Stir Cautious Reaction
European equities traded mixed on Thursday as investors sifted through a heavy slate of regional cor…
Gold Rises as Dollar Softens, Tariff Uncertainty and U.S.–Iran Talks Lift Haven Demand
Gold prices edged higher in Asian trading on Thursday, supported by a weaker U.S. dollar and renewed…
Nvidia Unleashes Another AI Shockwave as Revenue Explodes and Outlook Soars
Nvidia has delivered yet another seismic quarter, reinforcing its position at the epicenter of the g…
Fed Leaders Signal Steady Hands Amid Inflation, Independence, and AI Challenges
St. Louis Federal Reserve President Alberto Musalem emphasized that inflation remains nearly a full …
Significant Rally: Silver Soars Past $90 as Demand Outpaces Supply
Silver prices leapt to $90.95 per ounce, a 4.33% gain in a single day, as investors piled into the m…
Wall Street Rises as Tech Rebound Gains Momentum
U.S. stocks climbed on Tuesday, extending a rebound in technology shares as investors looked ahead t…
Market Analysis
September, 2021
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17 September 2021 1:14 pm
UK Retail Sales Unexpectedly Fall in August
British retail sales volumes fell unexpectedly last month, official data showed on Friday, the longest streak of declines since records began, although sales volumes are still above pre-pandemic levels. The Office for National Statistics said sales fell 0.9 percent month-on-month in August, compared to the median forecast of economists in …
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17 September 2021 12:31 pm
Japan Shares Close With Gains For The Fourth Consecutive Week
Japanese stocks closed higher on Friday, September 17th, posting gains for the fourth consecutive week, as chip heavyweights jumped and some investors contributed to the latest gains. Hopes for new political leadership, an increase in COVID-19 vaccinations, and a decline in infections rose to the Nikkei index by an average …
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17 September 2021 4:39 am
CAD disappointed by poor employment data
GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …
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17 September 2021 4:37 am
Why is Chinese Evergrande close to collapse?
Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …
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17 September 2021 4:36 am
Crude oil pulls back slightly
The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …
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17 September 2021 1:35 am
QE measures guide EUR/USD latest action
Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …
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17 September 2021 1:29 am
Canadian Stocks Fall on Drop in Commodity Shares
The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …
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16 September 2021 10:45 pm
US Dollar Spiked Up to a Fresh September High
The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …
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16 September 2021 8:44 pm
Wall Street Turns Red after a New Jump in U. S. Jobless Claims
Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …
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16 September 2021 6:19 pm
U.S. Major Indexes Trading Mixed after U.S. Macro Data
US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …
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16 September 2021 4:40 pm
U.S. Dollar Stumbles, Eyes on Fed
The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …
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16 September 2021 4:33 pm
US Retail Sales Rise by 0.7% in August
Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.
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