The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields. The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at …
Read More »Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
Donald Trump has announced that a trade deal has been struck between the US and the EU following a p…
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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8 March 2021 9:26 pm
European Stocks Finish Monday with Strong Gains
European shares finished Monday higher, opening the second week of March with a positive performance, as investor’s sentiment improved on the back of positive expectations of economic recovery, following the passing of the huge stimulus bill in the United States by the Senate. The STOXX Europe 600 index closed up …
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8 March 2021 9:10 pm
Yellen: Relief Bill to Fuel Strong Growth
The United States Secretary of the Treasury, Janet Yellen, said on Monday that the $1.9 trillion relief bill will strongly help economic recovery from the impact of the Coronavirus pandemic, Reuters reported. “This is a bill that will really provide Americans the relief they need to get to the other …
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8 March 2021 7:30 pm
U.S. Wholesale Inventories Rise 1.3% in January
Wholesale inventories in the United States increased by 1.3% in January, data by the U.S. Census Bureau showed on Monday. Inventories now stand at $661.7 billion, rising by 0.6% on an annual basis. Meanwhile, wholesalers sales recorded an adjusted rise of 4.9% in the first month of the year, amounting …
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8 March 2021 4:40 pm
Investor Confidence Jumping to a Year High in Eurozone
Today’s survey showed that an indicator of investor confidence in the eurozone jumped in March to its highest reading in more than a year, supported by an improved outlook for the current situation. The Sentex Eurozone index rose to 5.0 from -0.2 in February, its highest level since February 2020. …
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8 March 2021 3:43 pm
Fall of The Turkish Lira Over Two-Week
The Turkish lira fell 0.7% today, recording a decline in ten of the last eleven sessions, with high inflation, global bond yields and oil prices in a test of the central bank’s pledge to tighten monetary policy. After raising interest rates to 17% in December, Central Bank Governor Naji Iqbal …
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8 March 2021 3:01 pm
Oil And Travel Support European Stocks
European stocks rose today to coincide with the rise of the US market at the end of trading on Friday, as shares of major oil companies such as Royal Dutch Shell and BP jumped with the rise in crude prices after reports of attacks on facilities in Saudi Arabia. The …
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8 March 2021 2:26 pm
Brent Exceeds $70 For The First Time Since The Pandemic
Brent crude futures rose above $70 a barrel today, Monday, for the first time since the outbreak of the Covid-19 pandemic, while US crude touched its highest level in more than two years, following reports of attacks on Saudi facilities. Brent contracts for May delivery reached $71.38 a barrel in …
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8 March 2021 1:31 pm
German Industrial Output Unexpectedly Declined in January
German industrial output fell unexpectedly in January, following a significant increase in the previous month’s reading, data released on Monday showed, predicting a weak start to the year for the manufacturing sector in Europe’s largest economy. Figures released by the Federal Statistics Office show a decline in output in the …
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8 March 2021 1:11 pm
Gold is Recovering From Its 9-Month Low on The US Stimulus And Falling Bond Yields
Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation. Gold rose in the spot market …
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8 March 2021 12:32 pm
Japan Shares Closed Lower Due to Adjusting Positions Before The End of The Fiscal Year
Japanese stocks reversed the trend to close lower on Monday as investors sought to adjust their positions before the end of the fiscal year, while concerns over rising US bond yields weighed on sentiment. The benchmark Nikkei index fell 0.42% to close at 28,743.25 points, while the broader TOPIX index …
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8 March 2021 6:34 am
Weekly Recap: 1-5 March
The US economy continues on its path to recovery with strong PMI indicators and a healthy non-farm payrolls report with the US dollar showing strength supported by higher US Treasury yields. The yield on US 10-year Treasury notes rose 1.543%, indicating the highest levels since February or the highest level …
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6 March 2021 2:03 am
Wall Street Finishes the Week with Strong Rebound
The benchmark indices of the New York Stock Exchange (NYSE) recovered from its recent losses due to the rise in Treasury yields, as the sentiment of Wall Street improved on the back of positive employment data in the United States. The Dow Jones Industrial Average gained 572.16 points, or 1.9%, …
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