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Market Analysis

September, 2021

  • 1 September 2021 1:45 am

    UN Expects Better Growth in Latin America This Year

    The United Nations has revised its expectations for economic growth in Latin America in 2021, according to the latest data by the Economic Commission for Latin America and the Caribbean (ECLAC). The region is now expected to register a growth rate of 5.9%, amid recovery from the Coronavirus crisis, with …

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  • 1 September 2021 1:04 am

    Silver Down for Third Month

    Silver futures closed nearly unchanged on Tuesday, finishing their third consecutive month in losses and the biggest drop since June. Silver futures lost 6.14% in August, as it closed at $23.960 per ounce. Over the last three months, silver declined by about 14.41%, in the worst losing streak since November …

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  • 1 September 2021 12:26 am

    Gold Scores Second Consecutive Monthly Rise

    Gold prices rose on Tuesday, maintaining modest monthly gains for the second month in a row. The yellow metal front-month futures added $6, or 0.33%, to close at $1,815 per ounce. Gold futures added about 0.13% for the month, extending their gains over the two months to 2.5%. However, gold …

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August, 2021

  • 31 August 2021 11:00 pm

    European Stocks Rise for Seventh Straight Month

    European stocks finished lower on Tuesday, following the release of the August reading of the Consumer Price Index (CPI). The STOXX Europe 600 Index declined by 1.80 points or 0.38% to close at 470.88 points. For the month, the pan-European index gained 1.98%, in its best monthly performance since May. …

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  • 31 August 2021 10:00 pm

    USD Rebounds Despite Drop in Consumer Sentiment

    The U.S. Dollar (USD) is rebounding, after spending most of Tuesday in the negative territory, as investors are adjusting their positions, thus easing selling pressures. In addition, Treasury bond yields leveled up, providing support for the greenback. The Dollar Index (DXY) is now marginally higher for the day by 0.03% …

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  • 31 August 2021 5:57 pm

    Canada: Real GDP Expands by 0.7% in June

    Canada’s Real Gross Domestic Product (GDP) expanded at a monthly rate of 0.7% in June, the data published by Statistics Canada showed on Tuesday. This reading came in line with the market expectation.

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  • 31 August 2021 5:06 pm

    US: Housing Price Index Rises by 1.6% in June

    The Housing Price Index released by the US Federal Housing Finance Agency (FHFA) arrived at +1.6% in June following May’s increase of 1.8%. This reading fell short of the market expectation of 2.1%.

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  • 31 August 2021 3:56 pm

    The Dollar at Lowest Level in 3 Weeks

    The dollar approached a 3-week low against a basket of currencies on Tuesday, August 31, as investors looked to this week’s US jobs data for clues about the timing of stimulus cuts. The dollar has been on the decline since US Federal Reserve Chairman Jerome Powell’s statement at Jackson Hole …

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  • 31 August 2021 2:30 pm

    Gold Rises Again to a One-Month Peak as Dollar And Bond Yields Fall

    Gold rose on Tuesday to a four-week high hit in the previous session, supported by a weak dollar and falling US Treasury yields, as investors awaited the US non-farm payrolls data due later this week. Gold in the spot market rose 0.3% to $ 1815.11 an ounce by 0848 GMT, …

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  • 31 August 2021 1:35 pm

    Germany’s Unemployment Rate Drops Again in August as Recovery Continues

    Merkel

    Official data revealed on Tuesday, August 31, that the unemployment rate in Germany fell more than expected in August, as the recovery continued in Europe’s largest economy despite the increase in Covid-19 infections. The Ministry of Labor stated that the number of unemployed decreased by 53,000, after adjusting for seasonal …

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  • 31 August 2021 1:21 pm

    Turkey’s Trade Deficit Rises by 51% in July on an Annual Basis

    Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 51.3% year on year in July to $4.278 billion according to the general trade system. The institute said that after the damage to trade a year ago due to the Corona pandemic, Turkey’s exports rose 10.2% …

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  • 31 August 2021 12:48 pm

    European Shares Are Heading For a Seventh Straight Month of Gains

    European shares rose on Tuesday, August 31, heading towards the seventh consecutive month of gains, as hopes of adopting more policies to support the economy outweighed the economic risks associated with the increase in cases of Covid-19 disease due to the spread of the delta strain around the world. The …

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  • 31 August 2021 5:33 am

    OPEC+ to Maintain Output Policy

    OPEC

    It is expected that the upcoming meeting for the Organization of the Petroleum Exporting Countries (OPEC) and its allies will decide on Wednesday to maintain the current output policy, which entails easing production cuts gradually, amid a global recovery from the pandemic. The OPEC+ previously decided to increase production by …

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