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Market Analysis

July, 2021

  • 26 July 2021 12:00 pm

    China Says The U.S. is The ‘inventor of coercive diplomacy’

    The United States is the “inventor of coercive diplomacy”, China’s vice foreign minister Xie Feng told U.S. Deputy Secretary of State Wendy Sherman on Monday, according to a statement on the foreign ministry website.

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  • 26 July 2021 11:30 am

    Bitcoin Jumps After Amazon Headlines

    Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method. Elon Musk tweeted that this is the “big bang.” The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest …

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  • 26 July 2021 11:05 am

    China Asks The US to Remove Restriction on Communist Party Members

    China asks the US to remove visa restrictions on Chinese communist party members, Xinhua News Agency reported, citing comments from the country’s Vice Foreign Minister Xie Feng following his meeting with the US Deputy Secretary of State Wendy Sherman.

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  • 26 July 2021 10:30 am

    British MPs Report: The UK Will be Exposed to Financial Risks For Decades Due to The Cost of The Corona Pandemic

    Reports by British parliament members said that the government will be exposed to financial risks for decades as a result of spending 372 billion pounds on the Corona pandemic, adding that more than two billion pounds has been spent on unusable protection tools. The Parliament’s Public Accounts Committee said in …

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  • 24 July 2021 12:38 pm

    Weekly Recap: 19-23 July

    The World Health Organization has called upon all countries around the world to cooperate in finding out the origin of the novel coronavirus, despite the Chinese rejection of the proposed scope for the second phase of the investigation, as the scope includes inspecting the hypothesis that the virus could have …

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  • 24 July 2021 7:29 am

    Silver Finishes Week with Large Losses

    Silver finished the week with large losses that are the biggest in five weeks, due to the diminishing demand for safe havens as reflation fears eased and risk appetite improved among investors. The silver metal has now maintained a downward trend for three consecutive weeks. Silver futures lost 14.70 cents …

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  • 24 July 2021 3:14 am

    Oil Snaps Three-Week Declining Streak with Modest Gains

    Oil prices continued to rise on Friday for the fourth consecutive session, scoring their first weekly rise in four weeks, with investors shrugging off concerns about output policy and a slower than expected recovery from the coronavirus crisis. The global benchmark Brent crude futures for September delivery added 31 cents …

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  • 24 July 2021 12:56 am

    Gold Snaps Four-Week Rising Streak Maintaining $1,800 Key Level

    Gold

    Gold prices declined on Friday, extending their weekly decline that snapped a four-week rising streak, amid the rise of the U.S. Dollar (USD) and an improvement in risk appetite among investors, who seem to be less worried about reflation and slow recovery concerns. However, the yellow metal was supported by …

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  • 23 July 2021 11:30 pm

    European Stocks Finish Week at New Record High

    European stocks finished higher on Friday for the fourth consecutive session, extending their weekly gains and hitting a new all-time high amid an improvement in risk sentiment among investors. The STOXX Europe 600 index surged by 4.98 points or 1.09% to close at a record 461.51 points. For the week, …

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  • 23 July 2021 9:48 pm

    U.S. Oil Rigs at Highest Level Since April 2020

    The number of crude oil and natural gas rigs in the United States increased for the fourth consecutive week, data showed on Friday. This is the first time that the total rig count registers four straight weekly rises since May. The total rig count rose by seven to 491 in …

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  • 23 July 2021 9:12 pm

    CAD Limits Losses After Retail Sales Data

    The Canadian Dollar (CAD) is showing a mixed but mostly negative performance against the U.S. Dollar (USD) on Friday after data showed a better than expected slump in Canadian retail sales. In addition, with improving daily performance by oil futures, the Canadian is gaining relative support as a commodity currency …

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  • 23 July 2021 7:45 pm

    Dollar Fluctuates in Positive Territory

    The U.S. Dollar (USD) is trading higher on Friday, maintaining a mostly positive performance against other currencies, in the absence of major economic data in the United States, other than the IHS Markit PMI. The flash U.S. Composite Output Index declined to 59.7 in July, down from 63.7 in June, …

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  • 23 July 2021 6:55 pm

    US Stocks Open Higher on Friday

    Wall Street’s major indexes opened higher on Friday, boosted by big-cap technology stocks and risk flows continuing to dominate the markets, with the focus shifting to business activity data later in the day. The S&P 500 is up 0.45% today at 4,387, the Dow Jones Industrial Average is up 0.6% …

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