The main indices of the New York Stock Exchange (NYSE) opened lower on Tuesday, amid a surge in the U.S. Treasury bond yields. The Dow Jones Industrial Average is down by 75.32 points, or 0.23%, at 33,096.05 points. The S&P 500 index declined by 12.44 points, or 0.31%, at 3,958.65 …
Read More »Pound Falls Below $1.33 as UK Faces Growing Fiscal Pressure Ahead of Autumn Budget
The British pound extended its losses on Tuesday, slipping below the $1.33 mark for the first time s…
Europe Opens Mixed as Earnings Deluge Meets Fed Week
European equities traded cautiously on Tuesday as investors sifted through a heavy batch of corporat…
Asia Stocks Slip as Traders Weigh U.S. Diplomacy, Central Bank Line-Up
Most Asian equities eased on Tuesday as investors parsed fresh signals from U.S. outreach in the reg…
Gold Hovers Around $4,000 as Trade Peace Cools Market Fears
Gold prices slipped sharply below the key $4,000 mark for the first time in weeks, pressured by rene…
Yen Under Pressure as Markets Brace for Fed and BoJ Decisions
The Japanese yen continued to weaken against the US dollar on Monday, with the USD/JPY pair hovering…
Pound Steadies as Softer U.S. Inflation Fuels Fed Rate-Cut Hopes
The British pound began the week with a modest rebound against the U.S. dollar, supported by renewed…
Aussie Dollar Climbs on Renewed US–China Trade Optimism and RBA Outlook
The Australian Dollar surged on Monday, buoyed by growing optimism over easing tensions between the …
Wall Street Soars as US–China Trade Deal Hopes Ignite Market Optimism
The Dow Jones Industrial Average broke new ground on Monday, hitting an all-time high above 47,500 a…
Crude Oil Prices Steady as Sanctions and Surging Supply Pull Markets in Opposite Directions
Oil prices held firm on Monday, balancing between fresh geopolitical tension and swelling production…
US-China Trade Negotiations Poised for Breakthrough
Recent developments in US-China trade talks have injected a dose of optimism into what has been a pr…
Market Analysis
March, 2021
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30 March 2021 6:17 pm
US: CB Consumer Confidence Index Rose in March
Consumer confidence in the US improved sharply in March with the Conference Board’s Consumer Confidence Index rising to 109.7 from 90.4 in February. This reading beat the market expectation of 96.9 by a wide margin. Further details of the publication showed that the Present Situation Index jumped to 110 from …
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30 March 2021 5:05 pm
Canada: Average weekly Earnings Rise in January
The average weekly income of non-farm employees in Canada grew 8.3% Y-o-Y to 1,135 CAD in January 2021, after a bullish rate of 6.9% in December. It was the largest gain in profits since July, as job losses since February 2020 have been concentrated among hourly and lower-paid employees.
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30 March 2021 5:01 pm
Germany: Annual HICP stays rises to 2% in March
Inflation in Germany, as measured by the Consumer Price Index (CPI), edged lower to 0.5% on a monthly basis in March from 0.7% in February. On a yearly basis, the CPI rose to 1.7% and both of those readings came in line with analysts’ estimates.
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30 March 2021 3:42 pm
France: Consumer Confidence Rises in March
French consumer confidence rose unexpectedly in March despite new restrictions on the coronavirus in large parts of the country and the possibility of further restrictions, official data showed on Tuesday. The French Statistical Office stated that the monthly consumer confidence index rose to its highest level since December, reaching 94 …
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30 March 2021 2:58 pm
Optimism in Eurozone Beats Expectations in March
Data on Tuesday, March 30, showed that Eurozone economic sentiment rose much more than expected in March, surpassing the long-term average for the first time since the coronavirus pandemic hit Europe 12 months ago, while Germany led the improvement. A monthly survey from the European Commission revealed that economic sentiment …
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30 March 2021 2:07 pm
Currencies Overview: The Dollar is Winning as US Treasury Yields Rise
The dollar rose against major currencies on Tuesday (March 30th) and rose to a one-year high against the yen as the acceleration of COVID-19 vaccinations and plans for massive stimulus packages in the United States fueled inflation expectations and Treasury yields. The safe-haven dollar was generally supported as investors understood …
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30 March 2021 1:31 pm
The US And The European Union Expressing Their Desire For More Positive Trade Relations
US Trade Representative Katherine Tai said she told European Union antitrust chief Margrethe Vestager today, Monday, that she has a “strong desire to develop a more positive and constructive business relationship” with the bloc. Tai said in a statement that she and Vestager have agreed to work together on key …
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30 March 2021 12:41 pm
Gold Falling Below $1700 Retreating to its Lowest Levels in About 3 Weeks
Gold prices fell on Tuesday, March 30th, to their lowest level in more than two weeks, as they were pressured by the strength of the dollar and US Treasury bond yields with growing expectations for a rapid economic improvement in light of the progress of vaccination campaigns. Gold, which is …
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30 March 2021 12:38 pm
Dismissal of The Deputy Governor of The Turkish Central Bank
Central Bank Deputy Governor Murat Çetinkaya was removed from his post, according to a presidential decree published in the Official Gazette today, Tuesday. The decree said that Mustafa Duman had been appointed as deputy governor of the central bank. The decree did not provide further details on the reason for …
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30 March 2021 12:29 pm
Oil Falling With The Opening of The Suez Canal And Attention Turns to OPEC+ Cuts
Oil prices retreated on Tuesday, March 30th, while navigation in the Suez Canal resumed days after being halted by the stranding of a giant ship, and the focus shifted to an OPEC+ meeting this week, where an extension of supply restrictions is expected to be discussed amid new closures to …
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30 March 2021 4:22 am
How an Unknown Hedge Fund is Causing Disturbance in the Financial Sector?
Archegos Capital Management, a hedge fund in the United States, is causing concerns in the financial sectors, after Credit Suisse and Nomura warned on Monday of significant negative impacts on their quarterly financial results due to exiting positions with the aforementioned fund. Credit Suisse nor Nomura did not specify the …
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30 March 2021 3:47 am
Visa to Accept Stablecoin in Settling Transactions
Visa is set to allow using a cryptocurrency in settling transactions through its payment network, Reuters first reported. The process is starting with the U.S. Dollar (USD) Coin, known as the stable coin, through a pilot program in cooperation with the platform Crypto dot com, with plans for expansion with …
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