Federal Reserve Governor Lael Brainard said on Tuesday that she is paying close attention to market developments, referring to last week’s surge in U.S. Treasury yields to their highest level in about a year. “Some of those moves last week and the speed of the moves caught my eye.”“I would …
Read More »Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Gold Prices Rise Amid Tariff Uncertainty and Fiscal Concerns
Gold prices rose slightly in Asian trading on Friday, recovering from the previous session’s l…
U.S. to Send Letters Outlining Tariff Rates Ahead of July 9 Deadline
U.S. President Donald Trump confirmed on Thursday that the U.S. will begin sending out letters to ma…
Market Analysis
March, 2021
-
3 March 2021 4:24 am
Fed’s Daly: No Reaction Needed to Rising Treasury Yields
The President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that rising Treasury yields are worth monitoring by the central bank but should not lead to a change in the Fed’s policies. Daly noted that changes in equity markets sometimes run counter to the real …
Read More » -
3 March 2021 4:15 am
Wall Street Closes Lower Amid Tech-Led Selloff
The main indices of the New York Stock Exchange (NYSE) finished Tuesday lower, despite U.S. Treasury yields continuing to decline from their record levels, with Wall Street investors anticipating the passing of the $1.9 trillion stimulus package by the Senate. The market’s decline was led by the losses of the …
Read More » -
3 March 2021 4:08 am
U.S. Treasury Yields Continue to Decline
Treasury yields in the United States continued to decline on Tuesday for the third consecutive session, as remarks by Federal Reserve officials highlighted the focus on the bond market. The benchmark 10-year Treasury bond yield decreased by 3.1 basis points to 1.413%. Return on the 30-year bond fell by 0.5 …
Read More » -
3 March 2021 4:05 am
U.S. Oil Supplies Rise by 7.4 M Barrels: API
Crude oil inventories in the United States increased by about 7.4 million barrels last week, according to data by the American Petroleum Institute (API) on Tuesday. Gasoline inventories declined by 9.9 million barrels, while distillate stockpiles fell by 9.1 million barrels. Earlier today, Brent crude futures for May delivery fell …
Read More » -
2 March 2021 11:00 pm
Gold Returns to Gains After Five Losses in Row
Gold prices rose on Tuesday, after declining for five straight sessions, amid a decline in Treasury yields that also pushed the U.S. Dollar (USD) lower. The yellow metal futures for April delivery gained $10.60, or 0.6%, to close at $1,733.60 per ounce. Gold settled on Monday at its lowest level …
Read More » -
2 March 2021 9:30 pm
European Stocks Continues to Rise As Treasury Yields Stabilize
European stocks closed higher on Tuesday, amid a decline in Treasury yields leading to an improvement in investors’ sentiment. The pan-continental STOXX Europe 600 index finished higher by 0.19% at 413.23 points, following its strong performance on Monday. The French CAC40 index rose by 0.29%, while the German DAX gained …
Read More » -
2 March 2021 9:06 pm
CAD Rises Despite Declining Oil Prices on USD Losses
The Canadian Dollar (CAD) rose against its U.S. counterpart despite the decline of crude oil prices, after data showed that Canada’s real Gross Domestic Product (GDP) expanded by 0.1% in December, which came below market expectations. Figures published by Statistics Canada showed on Tuesday that the November reading was revised …
Read More » -
2 March 2021 8:27 pm
USD Declines as Treasury Yields Maintain Downward Trend
The U.S. Dollar (USD) gave up all of the gains that it recorded earlier today during the European session and turned to the negative territory earlier in the American session as U.S. Treasury yields continued to decrease from its record levels. The Dollar Index (DXY), which measures the greenback’s performance …
Read More » -
2 March 2021 7:59 pm
ISM-New York Business Conditions Index at Nine-Month Low
The ISM-New York current business conditions index decreased by 15.7 points to a nine-month low of 35.5 in February, according to the ISM-New York Monthly Report on Business. This reading showed a decline from the January level of 51.2, a level that represented a loss of 10.1 points. The Six-Month …
Read More » -
2 March 2021 7:00 pm
Monthly PPI in Brazil at Second Highest Level since 2014
The producer price index (PPI) in Brazil registered its second highest increase on record since 2014, according to official data by IBGE released on Tuesday. The PPI increased by 3.36% in January compared with its level in December 2020. It is worth noting that the highest level for the index …
Read More » -
2 March 2021 5:44 pm
Canada: Real GDP Expands by 0.1% in December
Canada’s Real Gross Domestic Product (GDP) expanded by 0.1% in December, the data published by Statistics Canada showed on Tuesday. This reading came in weaker than the market expectation of 0.3%. On a positive note, November’s reading got revised up to 0.8% from 0.7%.
Read More » -
2 March 2021 5:14 pm
Turkey’s Trade Deficit Increased by 10.7% in February
Trade Ministry data showed that Turkey’s trade deficit amounted to $3.36 billion in February, an increase of 10.7% over the previous year, while exports jumped 9.6%, hitting a record high on a monthly basis. Exports increased to $16.012 billion last month, while imports increased 9.8% to $19.37 billion, according to …
Read More »