The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …
Read More »US Index Futures Under Pressure Amid Iran War Escalation and Oil Spike
US stock index futures moved lower ahead of the trading session, reflecting rising investor caution …
Why It Matters: UAE Strengthens Energy Exports With Strategic Pipeline Bypassing Hormuz
The United Arab Emirates is moving to reshape its energy export strategy with the construction of a …
Fragile Pause in the World’s Biggest Economic Rivalry After Leaders’ Talks
The trade relationship between the United States and China, the world’s two largest economies, remai…
Carry Trades Roar Back as Interest Rate Gaps Drive G10 Currency Rally
Currency carry trades are enjoying their strongest performance in years as investors return to high-…
British Pound Slides as UK Political Turmoil and Iran Tensions Boost US Dollar
The British Pound extended its sharp decline on Friday, heading toward its fourth consecutive daily …
WTI Oil Surges Above $100 as Trump-Xi Summit Intensifies Supply Concerns
West Texas Intermediate crude climbed above the key $100-per-barrel level on Friday, as markets reac…
Euro Slides Toward Monthly Lows as Hawkish Fed Bets Strengthen US Dollar
The Euro weakened further against the US Dollar on Friday, with the EUR/USD pair falling toward its …
Oil Erupts Over 2% as Trump Declares War of Words on Iran: Weekly Gains Hit 10% Despite Xi Summit Charm Offensive
Key Takeaways Sharp Friday gains: Brent crude rose 2.8% to $108.65 per barrel, while WTI surged 3.4%…
Trump-Xi Summit Wraps with “Series of New Consensus” — But Concrete Deals Remain a Mystery
Key Takeaways Second round concluded: Trump and Xi wrapped their second round of talks Friday, per C…
Wall Street Futures Tumble as Iran War Threats and Chip Export Snub Crush Record-High Mood
Key Takeaways Futures fall sharply: S&P 500 futures dropped 1.1% to 7,440.50, Nasdaq 100 futures…
Market Analysis
September, 2021
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17 September 2021 1:35 am
QE measures guide EUR/USD latest action
Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …
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17 September 2021 1:29 am
Canadian Stocks Fall on Drop in Commodity Shares
The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …
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16 September 2021 10:45 pm
US Dollar Spiked Up to a Fresh September High
The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …
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16 September 2021 8:44 pm
Wall Street Turns Red after a New Jump in U. S. Jobless Claims
Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …
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16 September 2021 6:19 pm
U.S. Major Indexes Trading Mixed after U.S. Macro Data
US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …
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16 September 2021 4:40 pm
U.S. Dollar Stumbles, Eyes on Fed
The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …
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16 September 2021 4:33 pm
US Retail Sales Rise by 0.7% in August
Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.
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16 September 2021 3:55 pm
China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19
China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …
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16 September 2021 3:16 pm
The Euro Fell to Weekly Lows
EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …
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16 September 2021 2:40 pm
Gold is Falling With The Rise of The Dollar
Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …
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16 September 2021 1:51 pm
Oil Retreats on The Decline of US Inventories
Oil prices fell today, giving up some of yesterday’s big gains on the back of a larger-than-expected drop in US crude oil inventories. Brent crude was down 12 cents, or 0.2 percent, at $75.34 a barrel, after rising 2.5 percent in the previous session. West Texas Intermediate crude fell 14 …
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16 September 2021 1:11 pm
European Shares Rise on Travel Rebound
European shares rose today as a rebound in travel stocks and gains in Wall Street overnight helped ease concerns about a slowing Chinese economy that has dragged miners down. The pan-European Stoxx 600 index rose 0.6 percent after closing at a six-week low in the previous session. Travel and leisure …
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