The United States Federal Reserve will maintain its current policies until the economy recovers from the Coronavirus (COVID-19) pandemic, said the Fed Vice Chair Richard Clarida, Reuters reported. The Fed’s easing policies “are providing powerful support to the economy and will continue to do so as the recovery progresses.” “It …
Read More »Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
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…
Market Analysis
March, 2021
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25 March 2021 10:21 pm
Fed’s Clarida Expects Faster Recovery from COVID-19 Compared to Financial Crisis
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25 March 2021 9:16 pm
European Stocks Close Mostly Lower
European stocks closed lower on Thursday, amid concerns about the third wave of the Coronavirus pandemic and the consequent lockdown measures in Europe, which is negatively affecting the outlook for economic recovery in the Eurozone. The STOXX Europe 600 index finished lower by 0.14% at 422.81 points. Similarly, the UK’s …
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25 March 2021 8:15 pm
Fed’s Barkin: Monetary Policy is Based on Outcomes not Projections
The United States could see strong economic growth for a number of years, supported by consumers spending excess savings that made during the pandemic, President of the Federal Reserve of Richmond Tom Barkin told Reuters. Barkin reportedly refused to discuss in more detail his expectations for interest rates and bond …
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25 March 2021 7:35 pm
USD Hits New Four-Month High
The U.S. Dollar (USD) rose on Thursday to its highest level in four months, supported by the high Treasury bond yields and positive economic data. The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, is up by 0.27% at 92.78, after touching …
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25 March 2021 5:55 pm
Cargo Ship Blocking Suez Canal Could Take Weeks to Move
The operator of the giant container ship that ran aground in the Suez Canal said that there will be another attempt to float the vessel later today after an earlier attempt failed. The ship operator Bernard Schulte, which operates the Evergiven, said in a statement that dredging operations of sand …
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25 March 2021 5:16 pm
US: Real GDP Expands by 4.3% in Q4
The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 4.3% in the fourth quarter, the US Bureau of Economic Analysis reported on Thursday. This reading came in better than the previous estimate and market expectation of 4.1%.
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25 March 2021 4:50 pm
US: Weekly Initial Jobless Claims Decline to 684K
There were 684,000 initial claims for unemployment benefits in the US during the week ending March 20, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 781,000 (revised from 770,000) and came in much better than the market expectation …
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25 March 2021 4:47 pm
EUR/USD Drops Below 1.1800 For The First Time Since November
The EUR/USD pair extended its daily slide and touched its lowest level since mid-November at 1.1797. to be updated …
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25 March 2021 4:27 pm
Currencies Overview: US Dollar Remains Near a 4-Month high Against The Euro With The Prospects for Recovery Mixed
The dollar rose as European markets opened Thursday (March 25th) after reaching a four-month high against the euro during the Asian session, with market participants focusing on the divergent recovery prospects in the United States and Europe and a dwindling risk appetite. Global stock markets fell to their lowest levels …
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25 March 2021 3:01 pm
SNB Leaves Policy Rate Unchanged
The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …
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25 March 2021 3:00 pm
The European Union Announces a Plan For Stricter Controls on Exports of The Coronavirus vaccine
The European Commission introduced new controls on Wednesday, March 24, to restrict exports of coronavirus vaccines from the 27-member bloc. Officials worry that drug companies will fail to meet delivery targets in the coming months. The Commission, the executive arm of the European Union, wants to ensure that member states …
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25 March 2021 1:34 pm
German Consumer Sentiment Continues to Improve
A survey showed that German consumer sentiment improved for the second month in a row as April approaches, supported by easing lockdown measures at the start of March, but a recent decision to extend restrictions has caused uncertainty around expectations. The GFK Research Institute said its consumer sentiment index, based …
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25 March 2021 1:23 pm
Gold Rises on Virus Fears in Europe And Rise of in USD Curbed The Gains
Gold prices rose Thursday, March 25th, as an increase in Covid-19 infections in Europe fueled fears about the pace of the economy’s recovery, but the rise of the dollar curbed the gains of the yellow metal. Spot gold increased 0.1% to $1736.51 an ounce and US gold futures rose 0.2% …
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