Treasury yields in the United States stabilized on Tuesday, amid increased investors demand after yields rose to their highest levels since March of last year. Return on the 10-year Treasury note remained nearly unchanged at 1.136%. Earlier, it rose to 1.185%. Yield on the 30-year bond rose by 0.3 basis …
Read More »U.S. Stock Futures Rise Amid Trade Deal Optimism and Key Week Ahead for Earnings, Economic Data, and Central Bank Decisions
U.S. equity futures were higher on Monday, buoyed by a U.S.–EU trade deal, as investors braced for a…
European Shares Reach Four-Month High on Trade Deal Optimism
European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to…
Gold Prices Hold Steady Amid Trade Deal Optimism and Fed Rate Decision
Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as op…
Bitcoin Rebounds Above $119,000 Amid U.S.-EU Trade Deal Optimism
Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment s…
Oil Prices Rise on Trade Deal Optimism and Future Demand Expectations
Oil prices inched higher on Monday after the U.S. and European Union (EU) reached a trade agreement …
Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Market Analysis
January, 2021
-
13 January 2021 1:26 am
Oil Futures Finish at Highest Level Since February
Oil prices rose on Tuesday, supported by the decline of the U.S. Dollar (USD) and the recent OPEC+ agreement to curb output during February. Crude prices were able to log high gains and reach their best settlement level in about 11 months. Brent crude futures for March delivery added 92 …
Read More » -
13 January 2021 1:00 am
Gold Returns to Decline Even as USD Rebound Stops
Gold prices declined on Tuesday, giving up gains seen earlier in the second session of the week. The downward trend of the yellow metal continues even as the U.S. Dollar (USD) is returning to the negative territory. Gold futures for February delivery lost $6.60, or 0.4%, to close at $1,844.20 …
Read More » -
13 January 2021 12:07 am
GBP Rises with Negative Rates Seem Unlikely
The British Pound (GBP) is showing a strong performance on Tuesday, supported by the decline of the U.S. Dollar (USD) and the possibility of negative rates being ruled out by the governor of the Bank of England, Andrew Bailey. The GBP is up by a little over 1% against the …
Read More » -
12 January 2021 11:38 pm
BoE’s Bailey: UK Facing Darkest Hour
The Governor of the Bank of England (BoE), Andrew Bailey, said on Tuesday that the British economy is challenged by the darkest hour amid the rising number of Coronavirus cases, Reuters reported. The BoE Governor has ruled out turning to negative interest rates to boost the economy, despite what he …
Read More » -
12 January 2021 11:31 pm
USD Turns to Losses Near Session Lows
The U.S. Dollar (USD) has lost some of its recent gains on Tuesday, which were supported by the rising Treasury yields. The greenback showed recovery signs from its lowest level in about two and a half years, which it hit earlier this month, on the back of the continuing easing …
Read More » -
12 January 2021 9:51 pm
European Stocks Close Mostly Lower
European stocks closed Tuesday on a mixed note, amid concerns about the rising number of Coronavirus cases despite the rollout of vaccines. The pan-European STOXX 600 index closed nearly unchanged from its level at Monday’s close. The auto sector saw gains of about 1.7%, while the utilities sector lost 1.5%. …
Read More » -
12 January 2021 7:58 pm
U.S. Job Openings Down 105K in November: JOLTS
New job openings in the United States declined during November 2020, data showed on Tuesday. Job openings decreased by 105,000 to 6.527 million by the end of November, according to the U.S. Department of Labor’s monthly Job Openings and Labor Turnover Survey (JOLTS). This means that job openings declined by …
Read More » -
12 January 2021 7:51 pm
Germany’s Economy Expected to Grow 3.5% in 2021
The German economy is expected to grow by 3.5% in 2021, following a decline of 5% in 2020, according to a recent forecast by the BDI industry association released on Tuesday, Reuters reported. However, the largest economy in Europe is not expected to return to its levels prior to the …
Read More » -
12 January 2021 7:10 pm
UK and EU Begin Talks Over Financial Services
The United Kingdom (UK) and the European Union (EU) are set to begin talks for an agreement about coordinating financial services, Reuters reported. The announcement was made on Tuesday by the spokesman of the British Prime Minister Boris Johnson. The aim is reportedly to reach an agreement by March. “Discussions …
Read More » -
12 January 2021 4:51 pm
The New York Times: Deutsche Bank Decides to Stop Doing Business with Trump
The New York Times reported that Deutsche Bank decided not to conduct future activities with US President Donald Trump or his companies, following the attack by his supporters on the US Congress building. Deutsche Bank is Trump’s largest lender, as Trump’s disclosures to the US Government Ethics Office and banking …
Read More » -
12 January 2021 4:18 pm
Reuters: OPEC+ Compliance With Output Cuts Decline 75% in December
The compliance of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, with oil output curbs declined to 75% in December, Reuters reported on Tuesday.
Read More » -
12 January 2021 4:01 pm
US Dollar is Being Supported by High US Revenues in Light of The Possibility of New Stimulus
The dollar held on to four-day gains against major counterpart currencies on Tuesday, as prospects for a massive fiscal stimulus pushed US yields higher. US President-elect Joe Biden, who will take office on January 20, with his Democratic Party in control of both houses of Congress, promised “trillions” of additional …
Read More »