European shares fell on Wednesday, with mining stocks leading losses after concerns about Chinese government intervention impacting metal prices, while mixed corporate earnings data kept investors on the alert. The pan-European Stoxx 600 index fell 0.2 percent but settled just below its August high. Asian technology stocks fell on an …
Read More »Nasdaq Futures Tumble 2.6% as AI Trade Cracks: Two Fed Hikes Now Priced as Samsung and SK Hynix Plunge 8-11%
Key Takeaways Futures crash: S&P 500 futures slid 1.36% to 7,371.6; Nasdaq 100 futures tumbled 2…
European Stocks Slide 1% as Iran Peace Euphoria Evaporates and Higher-for-Longer Rate Fears Return: ECB’s Next Move in Focus
Key Takeaways Sharp open in red: The Stoxx 600 fell 1%, Germany’s DAX dropped 1.3%, FranceR…
Gold Plunges 2% as December Fed Hike Odds Hit 90%: Dollar Near 13-Month High Squeezes Bullion From Both Sides
Key Takeaways Gold falls sharply: Spot gold dropped 1.8% to $4,117.61 per ounce, while gold futures …
Oil Edges Up After Monday’s 3% Crash: U.S. Issues 60-Day Iranian Oil Sanctions Waiver as Peace Deal Momentum Builds
Key Takeaways Modest rebound: Brent rose 0.3% to $78.10 per barrel, while WTI gained 0.4% to $74.18 …
Farewell to a Legend, Fed’s New Chapter Begins
The economic world bid farewell to one of its most influential figures, who passed away at the age o…
U.S. Markets Mixed as Tech Weakens and Oil Prices Retreat
Wall Street’s Uneven SessionU.S. stocks closed Monday on a divided note, with industrial strength li…
Washington, Tehran’s New Agreement Sparks Questions Over What Was Actually Signed
Less than a week after the United States and Iran signed a 60-day framework aimed at reducing tensio…
2.2 Trillion Dollar Valuation in Week One: SpaceX’s IPO Sends Investors Racing Toward the Future
SpaceX Surpasses Expectations as Market Bets on a New Era of Space and ConnectivityJust one week aft…
Micron Technology Poised for Strong Gains as Earnings Surge
As Micron Technology approaches the release of its third‑quarter earnings, investors are anticipatin…
Gold Climbs as Oil Prices Slide on US-Iran Talks, While Silver Joins the Precious Metals Rally
Gold prices moved higher as the week began, supported by improving market sentiment after signs of p…
Market Analysis
October, 2021
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27 October 2021 1:30 pm
Market Drivers – Asian Session 27-10-2021
The Nikkei index fell eight points to close at 29,098.24 points, maintaining most of the gains it made in the past days, which amounted to about 500 points. The index had fallen earlier today to 28,870.25 points. But the broader Topix index fell 0.23 percent to 2013.81 points. In a …
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27 October 2021 1:07 pm
Nikkei Recovers Early Losses to Close Flat
The Nikkei index recovered its previous losses to end the day unchanged, as strong results for companies supported the market, despite the effect of the state of caution and anticipation ahead of the parliamentary elections at the weekend. The Nikkei index fell eight points to close at 29,098.24 points, maintaining …
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27 October 2021 9:22 am
Traders pronounce doubts on Bank of Canada’s rate hike schedule
Investors await fiscal policy announcement, Wednesday, for clues that Canada’s central bank is turning more hawkish. Led by Governor Tiff Macklem, the Bank of Canada is expected on Wednesday to raise its inflation forecast and to largely end stimulus related bond buying program, starting a countdown of sorts to the …
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27 October 2021 8:42 am
Market Drivers – U. S. Session 26-10-2021
WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …
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27 October 2021 2:26 am
Volatility raises investors’ concerns on energy and commodities
Energy is currently the number one ranked U.S. sector in terms of risk adjustments due to steep rise that has occurred over September. Investors should be weary of the energy sector because although it is ranked first, it is highly volatile when it comes to investing in securities that experience …
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27 October 2021 1:52 am
Long term Bitcoin holders continue maneuvering
Bitcoin traded within a significantly tight range on Tuesday as extreme bullish sentiment appears to retreat. The cryptocurrency was trading at around $62,000 is roughly flat over the past 24 hours.The Bitcoin Fear & Greed Index is starting to decline from its highest level in more than seven months, and …
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27 October 2021 1:30 am
October: Delta left behind and U. S. economy improves
Americans welcome winter weather as temperatures drop, but the market is getting warmer and even hotter. The U. S. economy is boomed after the Delta wave had caused considerable recovery slowdown in August and September. October is witnessing progress on multiple fronts recording overall gains.Americans are spending more. Several signs …
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27 October 2021 12:06 am
Forex market’s tensions accelerated by stances of central banks
The U. S. dollar ended the trading session with mixed performance. It is particularly stronger against European rivals. EUR/USD pair is down to the lower end of its weekly range, trading in the 1.1590 price zone.GBP/USD settled around 1.3760. The pair received additional pressure from comments by European Commissioner for …
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26 October 2021 10:55 pm
Treasury yields mixed ahead Fed’s meeting
The U.S. Treasury yields were mixed on Tuesday as investors prepared to filter through a myriad of economic data releases ahead of next week’s Federal Reserve meeting. Yields on 2 to 7 year debt out recorded higher performance, meanwhile the 10-year yield swung between advances and declines and the 30-year …
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26 October 2021 10:35 pm
WTI surges above $84.00 as USD reaps gains
WTI US crude oil rises during the New York session, trading at $84.30. The market sentiment has remained positive as U. S. shares are supported by U. S. Q3 solid corporate earnings, which helped ease investors’ nervousness around high inflation and central bank monetary policy tightening.In the meantime, the US …
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26 October 2021 10:16 pm
USD/CHF hovers around 0.9200 after failure at 0.9225
The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …
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