The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …
Read More »Do Upcoming Central Bank Decisions Lean Toward Easing or Tightening?
As November 2025 draws to a close, one message rings out loud and clear across global markets: the m…
Can Recent Bold Forecast Shift the Future of Cryptocurrencies?
Arthur Hayes, the co-founder and former CEO of BitMEX, has once again stirred global market debate w…
Global Markets Stumble as Rate-Cut Hopes Clash With Sudden Trading Outage
Global markets closed the month on an uneasy note as optimism over potential US interest-rate cuts c…
Ascent Above $4,200: Rate Cut Anticipation and Geopolitical Fear Drive Gold’s Historic Surge
Gold is currently undergoing an explosive and historic rally, trading firmly above the $4,200 mark, …
Euro-Dollar Standoff: Mixed European Data Fails to Lift Currency Above $1.16
The Euro struggled to maintain the $1.16 level against the US Dollar in the final session of the mon…
Oil Climbs as Peace Signals Emerge and Markets Wait for Pivotal OPEC+ Decision
WTI crude oil gained momentum on Friday as traders reacted to renewed diplomatic activity aimed at e…
Global Markets Digest Rare CME Outage as Trading Gradually Recovers
Global markets faced an unexpected jolt after a major outage at the Chicago Mercantile Exchange (CME…
Canada’s Economy Rebounds in Q3 With 2.6% Annualized Growth
Canada’s economy returned to growth in the third quarter, expanding at a stronger-than-expected 2.6%…
Bitcoin Holds Steady After Sharp Rebound as Markets Bet on December Fed Rate Cut
Bitcoin stabilized on Friday after climbing back above the $90,000 level earlier this week, buoyed b…
Euro Zone Consumers Lift Near-Term Inflation Expectations, Reinforcing View That ECB Has Finished Cutting Rates
Euro zone consumers nudged their short-term inflation expectations higher in October but kept medium…
Market Analysis
March, 2021
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26 March 2021 4:59 pm
Oil Rose Due to Fears That Navigation in The Suez Canal May be Suspended For Weeks
Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …
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26 March 2021 4:16 pm
The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank
The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy. The pound fell by up to 1.9% against the US currency …
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26 March 2021 3:29 pm
IFO: German Business Sentiment Rises in March
A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …
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26 March 2021 3:24 pm
China Set to Impose Anti-Dumping Measures on Australian Wine Imports From March 28
China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.
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26 March 2021 2:42 pm
BofA: Investors Rushing to Cash at The Fastest Pace Since April 2020
Inflows data from Bank of America showed that investors pumped $45.6 billion into monetary funds in the week ending March 24, in the largest inflows since April 2020, and intensified their exposure to US financial instruments shielded from inflation. Bank of America said that inflation-protected securities funds saw inflows of …
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26 March 2021 2:40 pm
The Suez Canal Authority: Looking Forward to Cooperating With The U.S. to Float The Vessel
The Suez Canal Authority said today, Friday, that it is looking forward to cooperating with the United States in efforts to float the container ship that has disrupted shipping for three days. The authority said in a statement, “The Suez Canal Authority appreciates the offer made by the United States …
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26 March 2021 1:58 pm
Gold Heading For Its First Weekly Decline in 3 Weeks Due to Dollar Rise
Gold prices stabilized today, as high US revenues and concerns about the global economic recovery following the rise in COVID-19 infections across Europe offset the rise of the dollar, but the yellow metal is still on the path of recording its first weekly decline in three weeks. There was little …
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26 March 2021 1:37 pm
Currencies Overview: Dollar Recovering on Improved Economic Outlook And Doubts Surround The Euro
The dollar recorded its highest level in several months during trading against most major currencies today, Friday, supported by a wave of optimism about better US economic data, the distribution of Corona virus vaccines, and higher Treasury revenues. The euro recovered slightly ahead of German business confidence data due to …
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26 March 2021 12:59 pm
Commodity Gains Push European Shares to a One-Week High
European stocks rose today, supported by gains made by commodity-related companies as investors balance concerns about rising coronavirus infections with the prospects for a stronger economic recovery in the United States. The pan-European STOXX 600 index rose 0.8%, reaching its highest level in a week. The benchmark index is on …
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26 March 2021 12:45 pm
UK Retail Sales Beats Estimates in February
The UK retail sales came in at 2.1% over the month in February vs. 2.8% expected and -8.2% previous. The core retail sales, excepting the auto motor fuel sales, stood at 2.4% MoM vs 1.9% expected and -8.8% previous. YoY, the UK retail sales dropped by 3.7% in February versus …
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26 March 2021 12:31 pm
Japan Stocks Closing Higher on a Jump in The Cycle-Related Sectors
Japanese stocks closed higher on Friday, while SoftBank led the gains on the Nikkei index, as investors snapped up decliners after falling sharply this week. The Nikkei index rose 1.56% to close at 29,176.70 points, while the broader Topix index advanced 1.46% to 1,984.16 points. For the week, the Nikkei …
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26 March 2021 12:15 pm
Kepler: 7 LNG Carriers Diverted After Suspension of Navigation in The Suez Canal
Seven LNG carriers have diverted their route away from the Suez Canal after shipping was suspended in it due to the stranding of a giant container ship since Tuesday, according to Kepler, a data analysis company. Kepler analyst Rebecca Shea said that three of the tankers are being diverted towards …
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