Gold rose again Thursday, April 1, from a three-week low it reached in the previous session, as the US dollar and Treasury yields declined, while President Joe Biden’s plan of more than $2 trillion for jobs provided further support for the yellow metal’s appeal as a hedge against inflation. And …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
April, 2021
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1 April 2021 12:33 pm
European Stocks Enter a New Quarter With Limited Gains
European stocks began the new quarter with limited gains Thursday, April 1, as concerns about another wave of Covid-19, with France imposing a third lockdown measure, overshadowed optimism about a new spending plan for the US government. The European Stoxx600 index rose 0.2% in early trade, hovering three points below …
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1 April 2021 12:21 pm
Japan Stocks Rise on Tech Sector
Japanese stocks rose Thursday, April 1st, as investors snapped up shares of semiconductor companies on the first day of the new fiscal year, thanks to hopes for strong corporate business results. The benchmark Nikkei index closed 0.72% higher at 29,388.87 points, while the broader Topix index increased 0.19% to 1,957.64 …
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1 April 2021 5:52 am
Biden Presents $2.25 Trn Jobs Plan
U.S. President Joe Biden proposed on Wednesday his plan to renovate American infrastructure with public expenditure exceeding $2.25 trillion, in what he calls “a once in a generation investment.” Following the passing of his $1.9 trillion stimulus package, named the American Rescue Plan, Biden presented the “American Jobs Plan” with …
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1 April 2021 2:59 am
Wall Street Maintains Gains for Fourth Straight Quarter
The New York Stock Exchange (NYSE) finished Wednesday’s trading session with a mixed performance, as the technology sector rebounded. Meanwhile, the main three indices on Wall Street closed March with the fourth consecutive quarterly gains, supported by an improved sentiment towards economic recovery. The Dow Jones Industrial Average lost 85.41 …
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1 April 2021 2:51 am
USD Posts Best Quarterly Gains Since 2018
The U.S. Dollar (USD) saw a mixed performance on Wednesday, but managed to finish March and the First Quarter (Q1) of the year with large gains. Today, the greenback reached its highest level against the Japanese Yen (JPY) in about a year, supported by improved sentiment about economic recovery, however, …
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1 April 2021 2:32 am
U.S. Dollar’s Share in Currency Reserves Declines to 25-Year Low
The U.S. Dollar (USD) share of global currency reserves declined to its lowest level since 1995 during the fourth quarter (Q4) of 2020, according to data by the International Monetary Fund (IMF) released on Wednesday. However, the USD continued to account for more than half of currency reserves, reaching a …
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1 April 2021 1:56 am
Gold Ends Q1 with Worst Losses Since 2016
Gold futures rose on Wednesday, supported by the decline of the U.S. Dollar (USD) across the board. Nevertheless, the yellow metal futures continue to be impacted by the strong USD and high Treasury bond yields, which reflected negatively on gold’s performance during the first quarter (Q1) of the year. Gold …
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1 April 2021 12:41 am
Oil Declines Following U.S. Inventories Draw
Oil prices fell on Wednesday after the Organization of the Petroleum Exporting Countries (OPEC) and its allies lowered their forecast for the growth of oil demand in 2021. Brent crude futures for May delivery lost $0.60, or 0.94%, to settle at $63.54 per barrel. Meanwhile, the U.S. West Texas Intermediate …
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1 April 2021 12:16 am
USD Recovers Some Losses but Remains in Decline
The U.S. Dollar (USD) recovered some of its earlier losses on Wednesday, but remained in the negative territory. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is down by 0.09% at 93.21. Earlier today, the index declined as low as 92.99, …
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March, 2021
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31 March 2021 9:17 pm
European Stocks Close Lower but Maintain Monthly and Quarterly Rise
European stocks finished lower on Wednesday, after a 30% decline by the debutant Deliveroo stock on the London Stock Exchange (LSE) weighed on the market. The STOXX Europe 600 index declined by 0.24% at 429.60 points, remaining near it all-time record closing level seen on February 19, 2020, at 433.90 …
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31 March 2021 8:01 pm
U.S. February Pending Home Sales Drop for Second Month
Pending home sales in the United States declined in February for the second consecutive month, data by the National Association of Realtors showed on Wednesday. The Pending Home Sales Index declines by 10.6% last month compared with its level in January. On an annual basis, pending home sales decreased by …
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31 March 2021 7:00 pm
U.S. Private Payrolls Surge in March
The private sector in the United States saw the largest hiring in six months during March, according to data by the ADP National Employment Report on Wednesday. The surge in employment, as reflected in the rise in private payrolls, comes amid increased rate of vaccination across the U.S. and a …
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