The US dollar retreated Thursday, September 23rd from its highest level in a month, which is reached after the US Federal Reserve paved the way for raising interest rates next year, and improving sentiment in global markets encouraged dealers to sell the dollar. The Fed also signaled a tendency to …
Read More »Sterling Under Fire as Iran Tensions and Weak UK Data Shake the Pound
The British Pound retreated against the US Dollar on Thursday after renewed uncertainty surrounding …
Gold Loses Momentum as Iran Nuclear Standoff Clouds Hopes for Peace Deal
Gold prices moved lower on Thursday as investors struggled to balance rising geopolitical uncertaint…
Wall Street Futures Stumble as Iran’s Khamenei Bans Uranium Exports: Nvidia’s Record Quarter Fails to Impress
Key Takeaways Futures fall: Dow futures dropped 156 points (-0.3%), S&P 500 futures dipped 0.4%,…
Gold Slips as “Final Stages” Peace Hopes and Dollar Strength Overshadow Bullion’s Safe-Haven Appeal
Key Takeaways Gold edges down: Spot gold fell 0.2% to $4,536.09 per ounce, while gold futures droppe…
European Stocks Dip as Nvidia’s Record Quarter Fails to Dazzle: Iran “Final Stages” Deal Hopes Offer Comfort
Key Takeaways Modest losses: The Stoxx 600 slipped 0.2%, Germany’s DAX fell 0.2%, the FTSE 100…
Iran Reviews U.S. Peace Offer as Trump Warns “Final Stages” of War: Nuclear Demand Remains the Sticking Point
Key Takeaways Iran reviewing U.S. position: The Foreign Ministry confirmed receipt of the latest …
Oil Climbs as Trump Warns Strikes “Right on the Borderline”: Iran Launches Hormuz Toll Authority as Talks Teeter
Key Takeaways Oil recovers: Brent crude rose 0.6% to $105.61 per barrel, while WTI gained 0.8% to $9…
Euro Climbs as Weakening US Dollar and Falling Oil Prices Boost Market Sentiment
The Euro recovered against the US Dollar on Wednesday, with the EUR/USD pair rising around 0.2% afte…
Market Drivers: US Dollar Slips as Fed Caution Collides With Rising Optimism Over Iran Talks
The US Dollar weakened against major global currencies on Wednesday as improving sentiment surroundi…
AI Layoffs Surge in 2026 as Tech, Banking, Healthcare, and Retail Slash Thousands of Jobs
The global wave of artificial intelligence-driven layoffs is accelerating at a pace far beyond last …
Market Analysis
September, 2021
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23 September 2021 1:20 pm
European Shares Rise For The Third Day
European shares rose for the third day in a row as global sentiment improved after concerns over the financially crippled Chinese real estate developer Evergrande eased, while investors awaited the latest batch of market surveys. The pan-European Stoxx 600 index rose 0.6 percent, on track to post strong gains at …
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23 September 2021 12:30 pm
Evergrande Stock Jumps More Than 20% After Days of Losses
After a series of sharp losses suffered by the shares of the debt-laden Chinese real estate developer “China Evergrande” during the past few days, the stock was able to rise more than 8% in today’s trading session, Thursday, September 23, but the company’s share is still down more than 80% …
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23 September 2021 5:32 am
Bank Of England: Hawkish Hints Unlikely
The Bank of England will hold a monetary policy meeting and will announce its decision on Thursday, September 23rd; markets are widely expecting the central bank to keep the key rate unchanged at 0.1%. The Bank of England expanded its Asset Purchase Facility to £875 billion between March and November …
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23 September 2021 2:47 am
Eurozone consumer confidence rises beyond expectations
The Eurozone’s consumer confidence index has risen in September as the spread of the Delta variant was managed and controlled as continent wide lockdown restrictions were eased.The European Commission said Wednesday that its measure of consumer confidence in the single-currency area rose to -4 (flash) from -5.3 in August. This …
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23 September 2021 2:31 am
Stock benchmarks gain around 1.0% each as Powell flagged taper
U. S. shares have ended the key trading sessions surprisingly on a positive side, despite the Federal Reserve’s hint for tapering. The market’s reaction to the Federal Reserve’s announcements was originally expected to represent a low and favored securities, which kept the gains even as Chairman Jerome Powell supported the …
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23 September 2021 1:44 am
Most important outcomes of Powell’s statements
Federal Reserve Chair Jerome Powell indicated that job gains have been very strong since January, but in August employment data slowed down markedly, particularly in leisure and hospitality sectors.Powell seemed optimistic about “Virus fears weighing on employment growth”, and expected that such concerns “should diminish over time”.Powell’s statements were as …
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23 September 2021 1:15 am
Federal Reserve issues FOMC statement (Full text)
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen. The sectors most …
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22 September 2021 10:52 pm
Fed Leaves Policy Rate Unchanged
The Federal Open Market Committee (FOMC) announced on Wednesday that it left the benchmark interest rate, the target range for federal funds, unchanged at 0%-0.25% as widely expected. In its policy statement, the Fed noted that if progress continues toward employment and inflation goals broadly as expected, a moderation in …
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22 September 2021 10:45 pm
Fed signals taper coming soon, rate hike shifts to 2022
The Federal Reserve on Wednesday clarifed the way to reduce its monthly bond purchases soon. The U. S. Fed signaled that interest rate increases may follow more quickly than expected, with nine of 18 U.S. central bank policymakers projecting borrowing costs will need to rise in 2022.
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22 September 2021 10:29 pm
Fed hasn’t mentioned tapering schedule
The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …
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22 September 2021 10:25 pm
Fed is optimistic about economic activity
The U. S. Federal Reserve left interest rates unchanged at 0-0.25%, as wholly expected. The decision was taken unanimously.Indicators of economic activity and employment have continued to strengthen. The sectors most adversely affected by the pandemic have improved in recent months, but the rise in COVID-19 cases has slowed the …
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22 September 2021 10:16 pm
FOMC left rates unchanged
FOMC left rates unchanged after the end of its two-day meeting on Wednesday.
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