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Market Analysis

July, 2021

  • 12 July 2021 4:14 pm

    WTI Drops to $73 on Demand Worries

    Oil prices rebounded ahead of the weekend and WTI closed in positive territory, rising more than 3%. On Monday, after rising to $75 during Asian trading hours, WTI fell to 73.14 before recovering slightly. At the time of writing, WTI is down 1.4% at $73.60. In a joint statement published …

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  • 12 July 2021 3:22 pm

    The US Yields Near Five-Month Lows

    The yield on the US 10-year Treasury fell to 1.33% in the third week of July, near levels not seen since February, amid concerns that the peak of the economic recovery has passed and growth slowing both in the US and abroad. Investors’ attention now turns to the Q2 earnings …

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  • 12 July 2021 2:13 pm

    The Dollar Stable Amid Pandemic Fears Ahead of Important Inflation Data

    The dollar stabilized against most currencies on Monday, as investors were cautiously overwhelmed by pandemic concerns, while they also awaited more indications of a global economic recovery before taking their next steps. With the market highly sensitive to any talk of an early easing of stimulus, US inflation data will …

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  • 12 July 2021 1:19 pm

    The Attractiveness of Gold is Declining Due to The Recovery of The Dollar and Stocks

    Gold prices fell and are heading to record the largest decline in nearly two weeks, with the decline in the metal’s attractiveness due to the recovery of the dollar and stocks. And gold fell in spot transactions 0.4% to $ 1800.96 an ounce. And US gold futures fell 0.6% to …

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  • 12 July 2021 1:00 pm

    Oil Falls as Economic Fears Overshadow Tight Supplies

    Oil futures fell on fears of a slowdown in global growth, tipping the scales against a possible tightening of supplies after talks between major producers faltered to increase production in the coming months. Brent crude for September delivery fell 35 cents, or 0.5%, to $75.20 a barrel, and West Texas …

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  • 12 July 2021 12:30 pm

    European Shares Rise on Utilities And Real Estate

    European shares rose, as investors sought safety in defensive sectors such as utilities and real estate on persistent concerns that the spread of mutated strains of the coronavirus would undermine the global economic recovery. The pan-European Stoxx 600 index rose 0.2%, extending gains after a strong recovery on Friday. Utilities, …

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  • 12 July 2021 12:15 pm

    Japanese Stocks Recover Thanks to Confidence in Growth

    Japan

    Japanese stocks recovered today thanks to cyclical stocks, with renewed hopes for a quick economic recovery, while Yaskawa Electric shares jumped after raising expectations for annual profits. The Nikkei index rose 2.25% to close at 28569.02 points, while the broader Topix index advanced 2.14% to 1953.33 points. The two indices …

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  • 12 July 2021 3:34 am

    Weekly Recap: 4-9 July

    The past week was full of events, the week began with a public holiday in the United States on Independence Day, and then the events started to follow. Take a comprehensive look at this weekly report. Wall Street The three major US stock indexes rose to unprecedented levels at the …

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  • 10 July 2021 1:52 am

    Wall Street Register Third Straight Weekly Gain

    The main indices of the New York Stock Exchange (NYSE) rebounded on Friday, turning to a third consecutive weekly rise after recent declines, which were mostly due to concerns among Wall Street investors about recovery from the pandemic and the mixed economic data. The Dow Jones Industrial Average gained 448.23 …

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  • 10 July 2021 12:18 am

    USD Records Second Consecutive Weekly Decline

    The U.S. Dollar (USD) declined on Friday, finishing holiday-shortened the week in losses, amid rising concerns about economic recovery and the resurgence of the coronavirus pandemic with new variants. Mixed economic data also increased worries about the pace of recovery. The Dollar Index (DXY) that measures the greenback against a …

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  • 9 July 2021 11:14 pm

    Oil Rebounds for Second Day but Logs Weekly Losses

    Oil prices continued to rise on Friday for the second consecutive session, as the recent drop in U.S. crude inventories provided support to the outlook despite uncertainty about the OPEC+ agreement, but couldn’t recover all of its weekly losses. Brent Crude futures for September delivery rose $1.43, or 1.93%, to …

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  • 9 July 2021 10:30 pm

    Gold Scores Third Weekly Rise in Row

    Gold prices rose on Friday to maintain its rising trend for the third consecutive week, amid increased demand for safe havens due to concerns about the economic recovery. A decline by the U.S. Dollar (USD) across the board also provided support to the yellow metal amid a decline in the …

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  • 9 July 2021 10:00 pm

    European Stocks Rebound to Recover Most Weekly Losses

    European stocks rebounded on Friday, recovering from their recent losses that resulted from fears regarding economic recovery, amid an improvement in the risk sentiment among investors. The STOXX Europe 600 index gained 6.06 points, or 1.34%, to close at 457.67 points. This marked the biggest index for the pan-European index …

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