The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its January policy meeting and kept the Asset Purchase Facility steady at £895 billion.
Read More »US Stocks Tumble as Weak Jobs Data and Trump’s Tariffs Rattle Markets
Wall Street closed the week on a sour note, with U.S. stocks sliding sharply on Friday, August 1, 20…
WTI Crude Oil Plunges 3% as Geopolitical Risks and Technical Barriers Collide
West Texas Intermediate (WTI) Crude Oil experienced a sharp 3.03% drop on Thursday, August 1, 2025, …
EUR/USD Soars: US Jobs Shock Sparks Fed Rate Cut Frenzy
The EUR/USD pair staged a dramatic rally on Friday, August 1, 2025, surging over 1% from a low of 1.…
Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank
Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, dr…
Trump Slaps Tariffs on 69 Nations as Trade Talks Falter
In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed…
USD/JPY Dips Below 150 as Weak US Jobs Data Fuels Fed Rate Cut Speculation
On Friday, August 1, 2025, the USD/JPY currency pair fell below the key 150.00 level after a weaker-…
Gold Prices Hover Near $3,300 Amid US Dollar Strength and Tariff Tensions
Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm…
EUR/GBP Soars 100 Pips: US Jobs Woes and UK Economic Gloom Fuel Rally
The EUR/GBP currency pair staged a dramatic rally on Friday, surging 100 pips from its weekly low of…
US NFP Rises by 73,000 in July, Falling Short of 110,000 Forecast
Job growth in the United States moderated in July, with nonfarm payrolls increasing by 73,000, accor…
Eurozone Consumer Inflation Holds Steady in July
Annual CPI: 2.0% (unchanged from June) Core CPI (excluding food and fuel): 2.3% Month-on-Month CPI: …
Market Analysis
February, 2021
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4 February 2021 3:45 pm
Cryptocurrency Dogecoin Goes up After Elon Musk Tweet
The cryptocurrency, Dogecoin, rose by more than 50% after US billionaire Elon Musk showed his support on Twitter, two days after announcing that he would be away from the social networking site for “a while.” Dogecoin jumped to $0.05,798, according to data on the blockchain and cryptocurrency site CoinDesk. Tesla …
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4 February 2021 3:11 pm
Eurozone Retail Sales surge by 2% in December
Retail Sales in the euro area rose by 2% on a monthly basis in December, the data published by the Eurostat showed on Thursday. This reading followed November’s contraction of 5.7% and came in better than the market expectation of 1.6%. On a yearly basis, Retail Sales increased by 0.6% …
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4 February 2021 2:41 pm
Currencies Overview: US Dollar Rising on Optimism And Pound Awaits BoE Meeting
The dollar rose to its highest in more than two months against the euro and the yen on Thursday (February 4th), as pessimism about the outlook for the US economy subsided before the publication of important data on the jobs market. The pound fell against the dollar, but it is …
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4 February 2021 1:42 pm
Gold and Silver Declining as US Dollar Rallied to a Two-Month High
Gold and silver prices fell on Thursday, February 4th, as the dollar’s rally negatively affected their attractiveness, while investors awaited the approval of a massive stimulus package in the United States and the Bank of England’s policy expectations. Gold fell in immediate transactions 0.6% to 1822.81 dollars an ounce. US …
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4 February 2021 12:45 pm
Japan shares Drop on Chip Companies and Sony jump on Positive Outlook
Japanese shares ended a three-day winning streak on Thursday, February 4th, pressured by declines in shares of chip-related companies, but higher Sony shares limited some of the losses. Sony shares rose 9.54%, reaching their highest levels since September 2000, and was among the biggest gainers on the Nikkei index after …
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4 February 2021 1:46 am
U.S. Treasury Yields Rise Amid Hopes for Economic Recovery
Treasury yields in the United States rose on Wednesday, amid anticipation for wider vaccines rollouts, anticipation for increased government stimulus by the Biden administration, and increased hopes for economic recovery in 2021. The benchmark 10-year Treasury bond yield increased by 2.4 basis points to 1.129%. The return on the 30-year …
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4 February 2021 1:41 am
Wall Street Closes Mostly Higher While Nasdaq Slips
The New York Stock Exchange (NYSE) closed Wednesday on a higher note, supported by an improved investors’ sentiment and risk appetite on the back of positive earnings reports by many of Wall Street’s biggest listed companies. The Dow Jones Industrial Average edged higher by 0.1% to close at 30,723.60 points. …
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4 February 2021 1:35 am
Oil Closes at Highest Level in a Year
Oil prices rose on Wednesday, recording a fresh highest level in a year, supported by the decline in the United States crude inventories, as well as the commitment of major producers to output cuts and the prospects of increased stimulus spending in the U.S. Brent crude futures for April delivery …
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4 February 2021 12:25 am
Gold Finishes Marginally Higher
Gold prices rose marginally on Wednesday, amid a fluctuating performance by the U.S. Dollar (USD) and a rise in the Treasury yields. Gold futures for April delivery finished higher by $1.70, or 0.1%, at the level of $1,835.10 per ounce. This comes following the yellow metal most active contracts declined …
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3 February 2021 10:21 pm
Fed’s Bullard Expects Recovery in Coming Months
President of the Federal Reserve Bank of St. Louis, James Bullard, said on Wednesday that he expects the U.S. economy to recover in 2021 with the Coronavirus pandemic easing over the first half of the year, Reuters reported. “The health crisis will wane in the months ahead.” According to Bullard, …
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3 February 2021 10:13 pm
European Stocks Rise on Improved Market Sentiment
European stocks rose on Wednesday, supported by an improved investors’ sentiment and risk appetite. The STOXX Europe 600 index gained 0.3%, with the auto industry leading the rising sectors. The German benchmark index DAX rose by 0.71%, while the French CAC40 closed nearly unchanged. Meanwhile, the UK’s FTSE100 declined by …
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3 February 2021 10:08 pm
Draghi Named Italy’s New Prime Minister
The President of Italy, Sergio Mattarella, has asked the former President of the European Central Bank (ECB), Mario Draghi, to form a new technocratic government. This comes after the previous government, led by Prime Minister Giuseppe Conte lost its majority in the Italian Senate after the centrist party “Italia Viva” …
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