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Market Analysis

September, 2021

  • 18 September 2021 3:24 am

    Why gold mining stocks trade at yearly lows today

    The latest strength of the USD and the rising Treasury yields have served as main series catalysts for gold mining stocks. Now, Gold is testing the support level at USD 1750. The U.S. Dollar Index, which measures the strength of the U.S. dollar against a broad basket of currencies, is …

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  • 18 September 2021 3:20 am

    Coinbase unveils Bitcoin and Crypto Predictions

    Coinbase CEO Brian Armstrong released, Friday, a new list of predictions for Bitcoin and the cryptocurrency industry.Armstrong believes a billionaire Bitcoin based upon blockchain concepts will boost technological, scientific and charitable causes in the near future. He believes as soon as the price rises up to USD 200,000 per Bitcoin, …

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  • 18 September 2021 3:14 am

    Copper Deficit Impacts Global Economy

    Copper price declined, this weekend, after China said that it would closely monitor market conditions. The Chinese state planner will also continue to free policies concerning copper, aluminum and zinc from its state reserves, in an effort to maintain balance and encounter long-term mismatches between supply and demand.As a direct …

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  • 17 September 2021 11:00 pm

    EUR/USD slides to fresh monthly lows, Investors awaiting FOMC meeting

    Eurozone

    EUR/USD has kept sliding for the second successive day. The pair has been exchanging hands at 1.1728 down 0.30%.After a stellar U. S. Retail Sales report on Thursday, the EUR/USD pair is trading at three-week lows, driven by USD’s strength as (DXY) Index is at three-week highsThe market mood is …

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  • 17 September 2021 9:36 pm

    Baker Hughes data indicate a second weekly climb in U.S. oil drilling

    Baker Hughes, Friday, reported that the number of active U.S. drilling oil rigs rose by eight at 373 this week. The report signals a second successive weekly rise as last week, the oil rig count rose by six so, the total active U.S. rig count, including rigs drilling for natural …

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  • 17 September 2021 9:25 pm

    Dogecoin jumps 40% on Elon Musk’s cryptic endorsement

    Crypto currency Dogecoin achieved some positive move on the road to recovery and jumped up Friday as traders are assessing feasibility and impact of its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate rose up to 16.42% to USD 0.00000950 for the first time …

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  • 17 September 2021 9:23 pm

    Federal Reserve “won’t formally announce tapering next week”

    The awaited critical event for markets next week will be the Federal Reserve meeting. As observers suggest, the meeting may prove unextraordinary. They do not expect the Fed to formally announce a decision on the reduction of the purchase program. After a disappointing August’s jobs report, instead, tapering outsized asset …

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  • 17 September 2021 9:22 pm

    U.S. Consumer Sentiment rebounds below expectations in September

    Consumer sentiment in the United States has recorded a modest improvement in September after sharply falling in August, according to a preliminary report released by the University of Michigan on Friday.The report said the consumer sentiment index inched up by 71.0 in September from 70.3 in August, below economists’ expectations …

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  • 17 September 2021 4:49 pm

    Dollar Near 3-Week Peak After US Retail Sales

    The dollar settled near three-week highs on Friday, September 17, after better-than-expected US retail sales data boosted bets on the strength of the US economy and the prospects of abandoning its stimulus program sooner than expected. The euro rebounded, recording $1.1783, but it remains close to a three-week low. US …

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  • 17 September 2021 3:44 pm

    Oil Settles Above $75 After Slow Return of US Supplies

    Oil prices fell on Friday, September 17, but settled above $75 a barrel and remained on track for a weekly gain of more than 3 percent thanks to a slow recovery in US production after two hurricanes in the Gulf of Mexico. Brent crude futures fell 27 cents, or 0.36 …

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  • 17 September 2021 2:48 pm

    European Shares on Track For Weekly Gains

    European shares rose on Friday, September 17, heading for weekly gains, as news that Britain is considering easing travel restrictions boosted shares of airlines and hotel groups, and a rebound in luxury goods stocks supported major indexes. By 0711 GMT, the pan-European Stoxx 600 index increased 0.7%, on track to …

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  • 17 September 2021 1:52 pm

    Eurozone CPI Matching The Estimate

    According to Eurostat’s final reading of the Eurozone CPI report for August, the consumer prices came in at 3% on a yearly basis, matching the flash estimate and anticipated. While the core CPI also matched original estimates and 1.6% during the reported month.       

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  • 17 September 2021 1:14 pm

    UK Retail Sales Unexpectedly Fall in August

    British retail sales volumes fell unexpectedly last month, official data showed on Friday, the longest streak of declines since records began, although sales volumes are still above pre-pandemic levels. The Office for National Statistics said sales fell 0.9 percent month-on-month in August, compared to the median forecast of economists in …

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