Barclays raised its forecast for oil prices this year at $4 a barrel, indicating that major producers are cautious about oversupply as demand recovers gradually from the recession caused by the pandemic. The bank now expects a price for Brent crude at $66 a barrel and for US West Texas …
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
March, 2021
-
23 March 2021 2:32 pm
Barclays Bank Raises Its Forecast For Oil Prices as Major Producers Are Cautious
-
23 March 2021 1:56 pm
Oil Falling as Demand Hit by Corona Restrictions in Europe
Oil prices fell 1% on Tuesday (March 23rd), as they were hit by fears that new restrictions imposed to combat the Coronavirus pandemic and the slow distribution of vaccines in Europe will slow down the recovery in demand, while producers cut production in a sign of abundant supplies. US West …
Read More » -
23 March 2021 1:18 pm
The UK Unemployment Rate Fell Unexpectedly to 5% From 5.1%
Official figures showed, Tuesday, March 23, that the unemployment rate in Britain fell unexpectedly to 5% in the three months ending in January, when the country entered again into general isolation measures to confront the outbreak of the Coronavirus, below expectations for a rise to 5.2% in a poll conducted …
Read More » -
23 March 2021 12:35 pm
Japan Shares Closed Lower Affected by US Bond Yields
Japan shares gave up early gains to close on Tuesday, March 23rd lower, following a weak performance in China markets as investors reaped profits from the recent rise of some companies on the mainland, while risk appetite was weakened by fluctuations in US bond yields. The Nikkei index fell 0.61% …
Read More » -
23 March 2021 10:37 am
Germany Raises Its Pandemic-Related Borrowing Plans to More Than 450 Billion Euros
Monday, a document showed that Germany is expected to continue a huge deficit in spending in light of the Covid-19 pandemic, with a debt-funded supplementary budget of about 60 billion euros for the current year and a draft budget for 2022 with new net debt of 81.5 billion euros. The …
Read More » -
23 March 2021 6:06 am
Biden Planning $3-4 Trillion in Additional Public Spending
The President of the United States, Joe Biden, is set to discuss with his aides the administration’s spending plans for infrastructure, climate change, and job creation, Reuters reported. Combined, these plans could cost around $4 trillion, which are expected to financed through tax increases. Biden “is considering a range of …
Read More » -
23 March 2021 4:35 am
Fed’s Barkin: U.S. Economy on Brink of Completing Recovery
President of the Federal Reserve Bank of Richmond, Thomas Barkin, said that the United States economy is close to completing the recovery despite the lingering of some risk factors. “Vaccines are rolling out, and case rates and hospitalizations are falling. Excess savings and fiscal stimulus should help fund pent-up demand …
Read More » -
23 March 2021 3:20 am
Oil Futures Close Monday with Marginal Gains
Oil prices registered marginal gains on Monday, opening the week with a positive performance following last week’s sharp losses, which were the worst in about five months. Expectations for economic recovery provided support to crude prices, but concerns about demand recovery and reintroducing lockdown measures in Europe had a negative …
Read More » -
23 March 2021 2:14 am
Gold Closes Lower Amid Improved Risk Appetite
Gold prices declined on Monday, due to lower investors’ demand on the yellow metal. Despite the relative decline in the U.S. Treasury bond yields, which remain near their highest level in a year, a positive performance by stock markets reduced demand for safe havens. Gold futures for April delivery closed …
Read More » -
23 March 2021 12:07 am
Powell: Cryptocurrencies are Speculative Unstable Assets
Cryptocurrencies are speculative assets and an unstable store of value, said the Chairman of the United States Federal Reserve, Jerome Powell, on Monday, noting that the Fed is not in a hurry to introduce its own digital currency, CNBC reported. “They’re highly volatile and therefore not really useful stores of …
Read More » -
22 March 2021 11:35 pm
European Stocks Finish Higher Recovering from Earlier Losses
European stocks rose on Monday, supported by the continuous upward trend by the auto sector. After declining earlier in the session, the pan-European STOXX 600 finished higher by 0.19%, recovering from its losses earlier in the session. Meanwhile, the German index DAX gained 0.25%, while the UK’s FTSE100 rose by …
Read More » -
22 March 2021 10:05 pm
USD/CHF Declines as Franc Tops G10 Currencies
The U.S. Dollar (USD) is showing a negative performance against its major rivals on Monday, but its biggest decline is against the Swiss Franc (CHF), which is the best performer of the day among the G10 currencies. The USD/CHF pair nearing its lowest level of last week. The pair, which …
Read More » -
22 March 2021 9:32 pm
Euro Rebounds as USD Declines Across the Board
The Euro (EUR) is rising against the U.S. Dollar (USD) on Monday, starting the week with a positive performance amid the decline of the USD, which in the absence of major economic data remains impacted by the movement in Treasury bond yields. The benchmark U.S. 10-year Treasury bond yield is …
Read More »