The German Ifo Institute announced this morning, Wednesday, that it has reduced its economic growth forecast in Germany during the current year, as the expectations of experts at the institute indicate that the German economy will grow by about 2.5% during 2021 due to the fluctuations in supply chains and …
Read More »Bitcoin Steadies Above $77K: Iran Peace Hints and Nvidia Test Collide as Bond Yields Hit Multi-Year Peaks
Key Takeaways Bitcoin edges up: The world’s largest crypto rose 0.4% to $77,175.4 after dippin…
Gold Languishes Near April Lows: Iran War Inflation Storm and Near-Record Bond Yields Keep Bullion Trapped
Key Takeaways Gold slips: Spot gold fell 0.3% to $4,468.64 per ounce, while gold futures dropped 0.3…
Asian Stocks Tumble as Samsung Strike Looms and Nvidia Test Nears: China Holds Rates for 12th Straight Month
Key Takeaways Broad sell-off: Japan’s Nikkei fell 1.5%, TOPIX slipped 1.7%, KOSPI dropped 2.5%…
Oil Eases as Trump Says Iran War to End “Very Quickly”: Record SPR Release and Massive Inventory Draw in Focus
Key Takeaways Modest pullback: Brent crude fell 0.4% to $110.87 per barrel, while WTI dropped 0.3% t…
Gold and Silver Crushed as Surging Bond Yields and Hawkish Rate Fears Shake Precious Metals
Gold prices came under intense pressure on Tuesday, falling to their lowest levels in nearly seven w…
Dollar Surge Hits Euro and Yen as Rate Hike Fears, Geopolitical Tensions Shake Currency Markets
The US dollar continued to strengthen across global currency markets, placing renewed pressure on th…
Oil Surges Again as Hormuz Tensions and Supply Fears Shake Global Markets
Oil prices rebounded sharply after a brief pullback, as renewed tensions surrounding Iran and the St…
US Stocks Slip as Treasury Yields Climb
US stocks moved lower in recent trading sessions as rising Treasury yields continued to pressure fin…
Can Bitcoin recover after recent sell off?
Bitcoin is once again under pressure after slipping below the key $80,000 level, as investors react …
Markets Brace for Fresh Turmoil as Trump Renews Iran Strike Threat
President Donald Trump has reignited fears of a broader Middle East confrontation after warning that…
Market Analysis
September, 2021
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22 September 2021 3:21 pm
Why is Fed’s September meeting so important?
Wednesday will witness the outcome of the Federal Reserve’s September meeting ending at 2:30 pm ET and policy makers still have 3 monetary policy announcements before the end of 2021the year. The meeting is expected to address the taper timeline, however investors eye the taper start date, in particular, so …
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22 September 2021 3:05 pm
Currencies Overview: The Dollar is Under Test
The dollar rose in early European trading on Wednesday, but moves were set before the conclusion of a crucial Federal Reserve meeting later in the session. The dollar index, which measures the greenback against a basket of six other currencies, was up 0.1% at 93.255, away from Tuesday’s high of …
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22 September 2021 2:18 pm
European Shares Rise, Supported by Evergrande
European shares rose on Wednesday, recovering from early-week losses after debt-laden China’s Evergrande said it would make some interest payments, while travel and leisure shares jumped to a 14-week high. Frankfurt-listed Evergrande shares jumped 15.1 percent after hitting multi-year lows in the previous session. The real estate developer said it …
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22 September 2021 2:09 pm
Nikkei Hits Two-Week Low Amid Caution Ahead of Fed Meeting
The Nikkei hit a more than two-week low on Wednesday, September 22nd, as investors cautiously looked to the outcome of the US Federal Reserve meeting for more indications on when to end stimulus and raise interest rates. The benchmark index closed down 0.67% at 29639.40 points, while the broader TOPIX …
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22 September 2021 1:15 pm
FED Preview: May Not Announce a Timetable
The Fed has the tough job of reassuring markets after the Evergand crisis and two weeks of mounting losses in stocks as the US economy struggles with declining jobs and the worst inflation in a decade. The meeting is expected to address the taper timeline, however, investors eye the taper …
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21 September 2021 11:53 pm
Ripple Legal Team: No plans to settle lawsuit with SEC
Ripple Labs’ legal team said that there is no intention to reach a settlement in their lawsuit with the U.S. Securities and Exchange Commission.The top US financial regulator alleges that Ripple has been selling XRP as an unregistered securities since 2013. The legal battle began in December 2020 AND provides …
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21 September 2021 11:35 pm
Shell’s Texas assets Sale is biggest recent transaction
Royal Dutch Shell said it was selling off all oil and gas assets in Texas’s Permian Basin for USD 9.5 billion in cash. The buyer is ConocoPhillips.The sale deal covers the net of 225000 acres of land in the Permian, accounting for the production of 175,000 barrels of fuel per …
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21 September 2021 10:34 pm
Oil fluctuates with Fed meeting in Focus
New York’s stock markets witnessed a mixed move of futures that switched between gains and losses on Tuesday. The U.S. central bank will meet, Wednesday, to decide on the fate of asset purchases. Officials are expected to hold interest rates near zero.Tapering of the Fed’s USD 120 billion in monthly …
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21 September 2021 10:20 pm
Basel Committee warns of restrictive crypto rules
The global financial industry has urged regulators all over the world to avoid imposing strict capital rules on digital assets.Warning is gaining momentum because such regulatory requirements are most probable to drive activity underground and, therefore deprive banks of the benefits of crypto technology.Trade groups as well as representatives of …
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21 September 2021 10:16 pm
OECD: U. S. economic recovery has slowed
The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …
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21 September 2021 5:04 pm
US: Philly Fed Nonmanufacturing Index Drops in September
The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 9.6 in September from 39.1 in August.
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21 September 2021 4:47 pm
US: Housing Starts Rise by 3.9% in August
Housing Starts in the US rose by 3.9% on a monthly basis in August after declining by 7% in July, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Tuesday.
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