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Market Analysis

September, 2021

  • 8 September 2021 12:44 pm

    BoC: Not Looking For a Change in Policy

    Markets await the Bank of Canada’s rate decision today, Wednesday, with market expectations that the central bank will remain unchanged and maintain rates at current low levels. However, restrictions are limiting the Bank of Canada’s movements, the first of which is the delta mutant of the Coronavirus and the rapid …

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  • 8 September 2021 3:20 am

    NBA Star Grabs Attention with Crypto Message

    Stephen Curry, star of the National Basketball Association (NBA) league, who plays for the San Francisco, California-based Golden State Warriors, recently attracted the attention of crypto enthusiasts after asking for advice. “Just getting started in the crypto game…y’all got any advice??” Curry tweeted on Tuesday. Afterward, Curry retweeted an announcement …

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  • 8 September 2021 3:03 am

    Fauci: Vaccine Booster Might Be the New Normal

    Director of the U.S. National Institute of Allergy and Infectious Diseases and the Chief Medical Advisor to the White House, Anthony Fauci, believes that a third vaccine jab will soon be the norm. “We don’t want to wait until things start going bad and then make a plan,” he reportedly …

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  • 8 September 2021 2:47 am

    GBP/USD Down for Second Day in Row

    The British Pound (GBP) extended its losses against the rising U.S. Dollar (USD) for the second consecutive session. The GBP/USD pair lost 0.38% to reach 1.3785, logging its largest single-day decline since August 26. Markets are closely anticipating the upcoming policy meeting for the Bank of England (BoE) later this …

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  • 8 September 2021 2:37 am

    USD/JPY Finishes with Best Gains in a Month

    The U.S. Dollar rose on Tuesday against the Japanese Yen (JPY), for the second day in a row, with investors adjusting their positions ahead of a global slew of major economic data and monetary policy decisions. The USD/JPY pair rose 0.40% to 110.28, accordingly the pair managed to maintain the …

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  • 8 September 2021 2:31 am

    EUR/USD Finishes Lower for the Second Day

    The Euro (EUR) declined on Monday against the rising U.S. Dollar (USD), for the second consecutive session. The EUR/USD pair lost 0.24% to reach 1.1843. The pair marked its worst daily performance since August 19, a day after its first loss since August 26. It is worth noting that the …

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  • 8 September 2021 2:21 am

    Cryptocurrencies Rebound by Limiting Losses

    Cryptocurrencies managed to reduce their losses on Tuesday, after sharp declines earlier in the session. Bitcoin, the world’s largest crypto and digital currency in terms of market capitalization, is currently down by about 10.8% at $46,642, after plunging earlier today below $43,000. Bitcoin recently stagnated and couldn’t strongly break above …

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  • 8 September 2021 1:59 am

    Oil Closes at Lowest Level Month-to-Date

    Oil prices declined on Tuesday, to finish near their lowest level in about a week, with the U.S. Dollar (USD) rising across the board and mixed expectations for economic data and recovery indicators. The spread of the coronavirus Delta variant, as well as production disruptions caused by Hurricane Ida, continue …

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  • 8 September 2021 12:07 am

    Gold Scores Largest Decline in a Month

    Gold prices declined on Tuesday, amid anticipation for major economic data, subsequent monetary policy adjustments, and a strong performance by the U.S. Dollar (USD) against major peers. Gold futures lost $35, or 1.91%, to finish at $1795.90 per ounce, giving up the $1,800 level. This is the lowest closing level …

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  • 8 September 2021 12:01 am

    European Stocks Down Ahead of ECB Meeting

    Europe’s stocks markets declined on Tuesday, with investors anticipating Thursday’s meeting and rate decision by the European Central Bank (ECB). Today, the STOXX Europe 600 Index finished lower by 2.32 points or 0.49% at 472.87. The German DAX lost 89.03 points or 0.56%, its worst decline since August 19, closing …

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  • 7 September 2021 6:11 pm

    U.S. Major Indices Open Modestly Lower after Labor Day

    The US stock market opened modestly lower after the Labor Day holiday on Monday.   US major indices opened modestly lower at the start of the North American session on Tuesday. The S&P 500 index was lower by 2.5 points at 4524, while Dow Jones was down by 26.5 points at …

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  • 7 September 2021 5:25 pm

    German ZEW Economic Sentiment Index Drops to 26.5 in September

    Investor sentiment in Germany fell for the fourth consecutive month in September, a survey showed, as investors expected scarcity of raw materials to slow the recovery in Europe’s largest economy. German ZEW Economic Sentiment fell to 26.5 from 40.4 in August. A Reuters poll had forecast a decline to 30.0. …

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  • 7 September 2021 4:30 pm

    Bitcoin Down 4%, Ethereum Down 6%

    Cryptocurrency sell-off widened Tuesday, September 7, while Bitcoin shed nearly 4% while its smaller rival, Ethereum, shed more than 6%. Bitcoin, the world’s largest and most popular cryptocurrency, fell 4% to $50,516, after rising to its highest level since mid-May above $52,000 earlier, in Asian trading. Ethereum fell more than …

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