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Market Analysis

September, 2021

  • 9 September 2021 12:45 pm

    Nikkei Retreats From 6-Month High on Fears of Slowing Growth

    The Nikkei index fell from a six-month high to close lower on Thursday, in line with global markets as fears grew of slowing economic growth due to the mutated delta strain of the rapidly spreading Coronavirus. The Nikkei closed down 0.57 percent at 30,008.19 points, halting eight consecutive days of …

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  • 8 September 2021 6:12 pm

    Bank of Canada Unchanged in September as Expected

    The Bank of Canada (BoC) announced on Wednesday that it left its key rate unchanged at 0.25% following the July policy meeting as expected. Moreover, the bank said that it will continue to purchase government of Canada bonds at a target weekly rate of C$2 billion.

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  • 8 September 2021 5:11 pm

    The US Dollar Records The Third Daily Rise in a Row

    The US dollar continued to rise during trading on Wednesday for the third consecutive day, after the strong decline that it recorded at the end of last week, on the back of negative economic data in the United States last August. The statements of the members of the US Federal …

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  • 8 September 2021 4:07 pm

    Gold Settles Below $ 1,800 as Markets Await Indicators From Central Banks

    Gold prices stabilized today, Wednesday, below the important level of 1,800 dollars, as the rise of the dollar led to an increase in the cost of gold to holders of other currencies, while investors awaited indications from the major central banks regarding measures to reduce stimulus. And gold settled in …

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  • 8 September 2021 3:12 pm

    European Stocks Down Ahead of ECB Meeting

    European stocks fell, as concerns about slowing global growth weighed on sentiment, while investors’ eyes turned to the European Central Bank meeting for indications on plans to reduce stimulus. The European Stoxx 600 index fell by 1% and is on track to record its largest daily drop in three weeks, …

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  • 8 September 2021 2:34 pm

    Nikkei Closes at Nearly 6-month high on Bargain Hunting For Cheap Stocks

    On Wednesday, the Nikkei average closed at its highest level in nearly six months as investors bought cheap shares on the hope of an economic recovery, while SoftBank shares jumped thanks to a revenue-sharing deal with Deutsche Telekom. The Nikkei rose 0.89 percent to 30,181.21 points, its highest level since …

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  • 8 September 2021 1:38 pm

    BoC: Forecasts From Three Major Banks

    The Bank of Canada (BoC) is widely expected to keep its QE program and the policy rate of 0.25% unchanged following the September meeting on Wednesday 8 at 14:00 GMT NBF “The central bank’s monetary policy meeting should be a quiet affair, with no substantive policy changes expected and no …

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  • 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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