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Market Analysis

May, 2021

  • 15 May 2021 12:20 am

    Gold Rises on Dollar Woes and Records Second Weekly Rise

    Gold prices rose on Friday, as the U.S. Dollar (USD) declined, further increasing their second consecutive weekly gains. The yellow metal futures managed to finish the week at their best level in about three months. It is worth noting that a recent surge in Treasury bond yields, due to fears …

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  • 14 May 2021 10:27 pm

    U.S. Dollar Returns to Downward Trend

    The U.S. Dollar (USD) declined on Friday, returning to its downward trend after rising for two consecutive sessions, as Treasury bond yields fell. A surge in inflation, the biggest in more than a dozen years, prompted a decline in the yields of long-term debt instruments and led to varied expectations …

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  • 14 May 2021 9:45 pm

    European Stocks Rebound to Limit Weekly Losses

    European stocks surged on Friday, strongly rebounding from recent losses that resulted from a sell-off wave, as fears about the rise in the U.S. inflation rate eased. The STOXX Europe 600 index gained 1.2% to finish at 442.55 points, but remained down for the week by about 0.5%. The auto …

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  • 14 May 2021 9:00 pm

    U.S. Rig Count Rises This Week – Baker Hughes

    The number of active rigs drilling for crude oil and natural gas in the United States rose by five to 453 this week, according to data by Baker Hughes on Friday. The weekly report indicated that the oil rig count increased by eight to 352 this week, as natural gas …

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  • 14 May 2021 7:25 pm

    U.S. Consumer Sentiment Tumbles on Rising Inflation

    Consumer confidence the United States declined in the early days of the month due to the rise in the inflation rate, according to data by the University of Michigan released on Friday. The Consumer Sentiment Index rose decreased by 6.2% to 82.8 from 88.3 in April, but rose by 14.5% …

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  • 14 May 2021 6:28 pm

    U.S. Business Inventories Rise in March

    Business inventories in the United States increased during March, official data by the Department of Commerce showed on Friday. The increase in inventories in March was relatively limited due to raw materials shortage that impacted production across some sectors. In March, business inventories leveled up by 0.3% with the reading …

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  • 14 May 2021 6:18 pm

    U.S: Industrial Production Expands in April

    Industrial Production in the United States expanded by 0.7% on a monthly basis in April, the US Federal Reserve reported on Friday. This reading followed March’s increase of 2.4% (revised from 1.4%) and fell short of analysts’ estimate of 1%.

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  • 14 May 2021 5:40 pm

    Canada: Manufacturing Sales Rise by 3.5% in March

    Manufacturing Sales in Canada increased by 3.5% to the highest level since June 2019 at $57.8 billion in March, the data published by Statistics Canada revealed on Friday. This reading came in line with the market expectation. “The capacity utilization rate (not seasonally adjusted) for the total manufacturing sector increased …

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  • 14 May 2021 5:11 pm

    US: Retail Sales Unchanged in April

    Retail sales in the United States were unexpectedly flat in April as support ebbed from stimulus payments, but the coming months are likely to see an acceleration as savings reach unprecedented levels and economic activity resumes. Moreover, the Retail Sales Control Group declined by 1.5% after rising 10.7% in March. …

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  • 14 May 2021 4:54 pm

    Crude Oil Futures Rose During The European Session

    Crude oil futures rose during the European session on Friday. According to the New York Mercantile Exchange, crude oil futures were traded in June at $64.44 a barrel at the time of writing, up by 0.97%. It previously traded at a session high $64.75 a barrel. Crude oil may find …

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  • 14 May 2021 4:21 pm

    Gold Futures Rose During The European Session

    Gold futures rose during the European session on Friday. According to the COMEX, New York Mercantile Exchange, gold futures traded in June at $1834.05 an ounce at the time of writing, up 0.55%. It previously traded at a session high of $1837.50 an ounce. Gold may find support points at …

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  • 14 May 2021 3:52 pm

    Italy Lifts Quarantine Restrictions For Those Coming From Europe, Britain, And Other Countries

    The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …

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  • 14 May 2021 3:08 pm

    Oil Prices Rise But India’s Coronavirus Infections limit Gains

    US Oil (

    Oil prices advanced on Friday, May 14, erasing some of the sharp losses incurred in the previous session, as stock markets rose, but the gains were limited by the situation of the Coronavirus in India, the big consumer of crude and the resumption of pipeline work in the United States. …

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