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Market Analysis

August, 2021

  • 18 August 2021 5:35 pm

    US: Housing Starts Decline by 7% in July

    Housing Starts in the US declined by 7% on a monthly basis in July after increasing by 3.5% in June, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

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  • 18 August 2021 5:10 pm

    Canada: Annual CPI Rises to 3.7% in July

    Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 3.7% in July from 3.1% in June, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.4%. On a monthly basis, the CPI rose to 0.6% …

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  • 18 August 2021 4:31 pm

    The Dollar is Falling in Europe But Remains at High Levels

    The dollar fell in Europe on Wednesday but remained at elevated levels as global growth concerns, caused by the ongoing outbreak of the Delta virus, prompted traders to reduce their positions on riskier currencies. At 07:55 GMT, the dollar index, which measures the greenback against a basket of six other …

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  • 18 August 2021 3:12 pm

    Eurozone Final CPI Revised Lower in July

    According to Eurostat’s final reading of the Eurozone CPI report for July, the consumer prices came in at 2.2% on a yearly basis, meeting 2.2% expectations. While the core figures rose by 0.7%. Month-on-month inflation in the region fell 0.1%, in line with the median forecast of economists polled by …

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  • 18 August 2021 2:20 pm

    UK Inflation Slows More Than Expected in July

    British inflation slowed faster than expected in July, according to official data released on Wednesday, August 18, to 2% on an annual basis, compared to 2.5% in June. Economists polled by Reuters had expected inflation for July to be 2.3%. Official data showed that the rate of inflation in Britain …

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  • 18 August 2021 1:40 pm

    Oil Prices Settled and Uncertainty Surrounds The Prospects For Demand due to The Outbreak of Delta Variant

    Oil prices stabilized on Wednesday, August 18, after four days of decline, while investors were still concerned about the prospects for strengthening the demand for fuel, as the use of railways, aircraft, and other forms of transportation remained restricted in light of the high incidence of Covid-19 around the world. …

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  • 18 August 2021 1:00 pm

    Gold Rises 0.4% Due to The Demand For Safe Havens on Delta Fears

    Gold prices rose on Wednesday, August 18, to approach a two-week high, as demand for the yellow metal, which is considered a safe haven, was boosted by growing concerns about the fast-spreading delta strain of Covid-19 and its economic impact. Spot gold rose 0.4% to $1,792.42 an ounce, after hitting …

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  • 18 August 2021 12:30 pm

    Nikkei Rises 0.59%, Ending a 4-day Losing Streak

    Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

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  • 18 August 2021 6:58 am

    Yellen Defends Biden’s Massive Spending Plans, Again!

    Janet Yellen

    The United States Treasury Secretary, Janet Yellen, remains the strongest defender of the current economic policies by the Biden administration, even among cabinet members. Given her credibility as former Chair of the Federal Reserve, and the first female to hold this post, she is repeatedly voicing her support for the …

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  • 18 August 2021 5:29 am

    Fed’s Kashkari: Cryptocurrencies are GARBAGE Coins!

    The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has criticized cryptocurrencies led by Bitcoin, saying that what he saw in crypto assets so far is 95% fraud, hype, noise, and confusion. The Fed official said that he was more optimistic about crypto and Bitcoin five or six …

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  • 18 August 2021 3:50 am

    USD Sees Largest Daily Gains in Two Months

    The U.S. Dollar (USD) rose on Tuesday for the second consecutive session and registered its biggest gains against major currencies since mid-June to settle at its highest closing level since November 4, 2020. The Dollar Index (DXY) measures the greenback’s performance against a basket of six major international currencies increased …

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  • 18 August 2021 1:08 am

    Fed’s Kashkari: Delta Variant Might Slow Recovery

    Minneapolis Fed President Neel Kashkari is seeing a lot of slack on the sidelines of the economy, with the U.S. labor market yet to recover, noting that the spread of the Coronavirus Delta variant could possibly slow the rebound. Speaking in an event in Montana on Tuesday, Kashkari reportedly said …

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  • 18 August 2021 12:30 am

    Fed’s Powell: COVID Likely to Continue for a While

    The United States Federal Reserve Chairman, Jerome Powell, said on Tuesday that the coronavirus (COVID-19) pandemic is still with us and will likely continue for a while. Powell noted that people and businesses have improvised and learned how to adapt and live their lives despite COVID in what he described …

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