The President of the Federal Reserve Bank of Atlanta, Raphael Bostic, said on Monday that the Fed should begin tapering the massive asset purchases following two consecutive months of strong job creation. He believes moving from the current accommodative stance to a more normal policy should be faster than previously …
Read More »Fed’s Williams Flags a Deepening Community Crisis Beyond Inflation
The US economy is navigating an increasingly fragile balance between monetary stability and geopolit…
Gold Stuck in a Tight Range as Iran Talks and Oil Risks Cloud the Outlook
Gold prices are moving sideways, caught in a narrow range as investors hold back from making strong …
Stephen Miran Signals Up to Four Rate Cuts as Fed Balances Inflation Risks
Stephen Miran has signaled that the Federal Reserve may move toward cutting interest rates later thi…
ECB’s Waiting Game in Frankfurt: Markets Left Guessing on Interest Rate Path
With the next policy meeting fast approaching, the European Central Bank finds itself walking a tigh…
Dollar Steadies Near March Lows as U.S.-Iran Peace Hopes Ignite Global Risk Appetite
Key Takeaways: Greenback stabilizes: The U.S. Dollar Index ticked up fractionally but remains near i…
Wall Street Wavers at Record Highs as S&P 500 Breaches 7,000 Amid Geopolitical Optimism and Earnings Beats
Key Takeaways: Record-breaking rally: The S&P 500 closed above 7,000 for the first time in histo…
Aluminum Prices Smash Four-Year Highs as Geopolitical Turmoil Threatens Global Supply Chains
Key Takeaways: Prices hit multi-year peaks: LME aluminum breached $3,636 per metric ton, its highest…
Gold Shines as Dollar Sinks: Metals Rally on China GDP Beat and Shifting Middle East Dynamics
Key Takeaways: Gold nears one-month highs: Spot gold climbed 0.9% past $4,835 an ounce as a prolonge…
Oil Claws Back on China Growth Surprise, Yet Fragile U.S.-Iran Peace Hopes Cap Gains
Key Takeaways: Crude edges higher: Oil prices reversed early losses in Asian trading, with Brent fut…
European Equities Edge Higher as U.S.-Iran Diplomatic Hopes Clash with Strict Naval Blockade
Key Takeaways: Markets mostly in the green: The Stoxx 600, CAC 40, and FTSE 100 posted modest early …
Market Analysis
August, 2021
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9 August 2021 9:24 pm
Dollar Turns Positive Following JOLTS New Record Level
The U.S. Dollar (USD) extended gains on Monday, after data showed another surge in job openings in the United States, giving more positive signs of a recovery in the labor market. Data by the U.S. Department of Labor showed that the number of available jobs increased to 10.1 million in …
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9 August 2021 8:28 pm
Bitcoin at Highest in Nearly Three Months
Bitcoin continued its rally on Monday, surging to its highest level in about three months. Recent news has reassured investors in crypto-assets and improved their appetite for digital currencies, allowing Bitcoin to recover some of its recent losses. The world’s largest cryptocurrency in terms of market capitalization is up for …
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9 August 2021 5:52 pm
The US Dollar Reaches Its Highest Level in Two Weeks
The US dollar index managed to maintain the rising pace that it started at the end of the last week’s trading following the release of US labor market data during the month of July, which came in a very strong way better than the market expectations and pushed the US …
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9 August 2021 5:06 pm
Yellen Urges Congress to Raise US Debt Ceiling
US Treasury Secretary Janet Yellen stressed her call for Congress to raise the US debt ceiling through a bipartisan move in Congress, with the federal government’s ability to borrow imminently running out. Such a move would not raise government spending or pave the way for future spending, she said in …
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9 August 2021 4:11 pm
China’s Central Bank Intends to Maintain Flexible And Accommodative Monetary Policy
China’s central bank said it will maintain a flexible and accommodative prudent monetary policy while prioritizing stability. In its monetary policy implementation report for the second quarter of the year, the People’s Bank of China said it will keep liquidity reasonably plentiful and boost support for technology innovation, small businesses, …
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9 August 2021 3:20 pm
Oil Plunges 4% on China’s COVID-19 restrictions And Climate Warnings
Oil prices tumbled 4% on Monday, continuing their sharp losses incurred last week against the backdrop of the rise in the US dollar and fears that the global recovery in fuel demand may slow due to new restrictions to confront the pandemic in Asia, especially in China. The sentiment was …
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9 August 2021 2:31 pm
Eurozone Sentix Investor Confidence Drops to 22.2 in August
Eurozone’s investor sentiment snapped its uptrend and dropped more than expected in August, the latest data published by the Sentix research group showed on Monday. The gauge dropped to 22.2 in August from 29.8 in July vs. a reading of 29.0 expected. The index ended its fifth straight month of …
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9 August 2021 1:50 pm
Oil Falls due to COVID-19 Restrictions in China And The Dollar rises
Oil prices fell more than 2% on Monday, extending their heavy losses incurred last week on the back of the rise in the US dollar and fears that the global recovery in fuel demand may be set back due to new restrictions to confront the pandemic in Asia, especially in …
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9 August 2021 1:25 pm
European Shares Mixed With The Decline in Commodity Prices
The performance of European stocks varied in early trading, as the leading British stock index was affected by the decline in commodity prices, while other indices in the region stabilized near their recent high levels with the end of the corporate earnings season. Shares of oil companies Royal Dutch Shell, …
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9 August 2021 12:50 pm
Gold Falls to Its Lowest Level in More Than 4 Months Due to Fears of Reducing Stimulus
Gold fell to its lowest level in more than four months on Monday, as strong US jobs data fueled fears of an earlier-than-expected interest rate hike, increasing the opportunity cost of holding the non-yielding yellow metal. And gold fell in the spot market 1.1% to 1744.50 dollars an ounce. In …
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9 August 2021 12:20 pm
German Exports Jump 1.3% Despite Industry Supply Bottlenecks
German exports rose more than expected in June, data showed on Monday, August 9th, despite continued Bottlenecks in manufacturing supplies, pointing to a strong recovery in Europe’s largest economy. The Federal Statistics Office said that seasonally-adjusted exports increased 1.3% month-on-month after rising by a slightly revised 0.4% in May. Imports …
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9 August 2021 3:16 am
Weekly Recap: 2 – 6 August
Some negative factors pushed the US dollar lower at the end of the week, but the dollar managed to recover after better than expected US jobs data. The US Dollar Index, which measures the greenback’s strength against a basket of major currencies, ended the week flat at 92.78 versus 92.08 …
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