GBP/CAD exchange rate was driven by movements in the Canadian Dollar linked to the rise of oil prices this morning, but CAD has since dell under pressure from disappointing employment data.The GBP/CAD pair has been traded at CAD 1.7475, unchanged from today’s opening level. The Canadian currency has obviously relinquished …
Read More »Dow Jones Pulls Back From Record High as Tech Selloff and Rising Oil Prices Rattle Markets
The Dow Jones Industrial Average briefly reached a new all-time high on Tuesday before giving up its…
Gold Rebounds as Central Bank Buying Strengthens Long-Term Support
Gold prices recovered on Tuesday after an early decline, with the precious metal regaining momentum …
AI Chip Rally Returns as Oil Prices Retreat: Can the Technology Boom Keep Driving Global Markets?
Semiconductor Stocks Regain Momentum After a Brief PullbackTechnology shares bounced back strongly a…
Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action
The Japanese Yen came under renewed selling pressure at the start of the week, pushing the US Dollar…
A New Trading Week: Why Are Markets on Edge?
The trading week of July 6–10, 2026 is shaping up to be one of the most complex of the summer, combi…
June ISM Services PMI Points to Cooling Business Activity in the US
The US services sector continued to expand in June, although growth eased slightly from the previous…
Dollar’s Cautious Climb Signals Bigger Moves Ahead as Fed Decision Looms
The US dollar is edging higher today, posting modest gains that reflect a mood of cautious optimism …
Oil Prices Rise as Weak US Jobs Data and Middle East Tensions Boost Market Sentiment
Crude Oil Rebounds as Dollar WeakensOil prices moved higher on Friday, recovering part of their rece…
Euro Struggles to Build Momentum as Markets Reassess Fed and ECB Rate Outlook
The euro posted modest gains against the US dollar on Friday but struggled to extend its advance as …
Market Analysis
September, 2021
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17 September 2021 4:37 am
Why is Chinese Evergrande close to collapse?
Debt and crisis are the two key word while understanding why Evergrande Group, once China’s second-largest real estate developer, is approaching a collapse that could be catastrophic.Debts are mainly due to deposits from about 1.5 million people against new houses that have not been built yet, this is why Evergrande …
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17 September 2021 4:36 am
Crude oil pulls back slightly
The U. S. WTI crude oil market has pulled back slightly during the latest trading session on Thursday at USD 71.50 level after investors believed it would end the session unchanged at USD 72.61 a barrel.This slight low comes after crude oil climbed to the highest since 2 August, on …
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17 September 2021 1:35 am
QE measures guide EUR/USD latest action
Euro fell back under USD 1.18 in mid-September, hovering around its weakest level since 27 August due to growing risk aversion as rising COVID-19 infections could force some countries to resume certain restrictions. The European Central Bank decided last week to move to a moderately lower pace in its €1.85 …
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17 September 2021 1:29 am
Canadian Stocks Fall on Drop in Commodity Shares
The Toronto Stock Exchange S&P/TSX index declined 92 points, or 0.4% to 20,602 on Thursday.This low has been driven by a drop in commodity-linked stocks as gold futures fell to one-month lows and as China reiterated plans to release more metals from its reserves.WTI crude stabilised near a 6-week high …
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16 September 2021 10:45 pm
US Dollar Spiked Up to a Fresh September High
The US dollar fitted a quick move of strength and spiked up to a fresh September high, Thursday, on the back of official report on strong retail sales. This helped the USD to push above a big zone of resistance.From a short-term basis, buyers are trying to hold the move …
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16 September 2021 8:44 pm
Wall Street Turns Red after a New Jump in U. S. Jobless Claims
Wall Street fell after disappointing jobs data, ignoring improvement in retail sales, as investors weigh mixed signals in the latest U.S. economic data. The Dow Jones Industrial Average lost 200 points and moved down 0.5%, coinciding with weekly jobless claims that rose and August’s retail sales unexpected jump. The S&P …
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16 September 2021 6:19 pm
U.S. Major Indexes Trading Mixed after U.S. Macro Data
US stocks are trading mixed at the US session, and financial stocks post solid gains with higher US Treasury yields. Despite expectations of declining retail sales due to a rapidly spreading delta mutator, US retail sales unexpectedly rose in August by 0.7% to $618.7 billion. The Philadelphia Fed Manufacturing Index …
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16 September 2021 4:40 pm
U.S. Dollar Stumbles, Eyes on Fed
The dollar moved near the middle of its trading range over the past month against major currencies on Thursday, September 16th, as traders look to the Federal Reserve meeting next week, in search of indications of when the US central bank will begin to taper. The dollar index, which measures …
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16 September 2021 4:33 pm
US Retail Sales Rise by 0.7% in August
Retail Sales in the US rose by 0.7% on a monthly basis in August, the data published by the US Census Bureau revealed on Thursday. This print surpassed the market expectation for a decrease of 0.8% by a wide margin.
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16 September 2021 3:55 pm
China Says it Has Completed Vaccinating More Than 70% of Its Population Against COVID-19
China has completed vaccinating more than 70 percent of its 1.4 billion people against COVID-19 with full doses, data released by health authorities on Thursday showed. A total of 1.01 billion people in China had received full doses of vaccines as of September 15, Mi Feng, a spokesman for the …
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16 September 2021 3:16 pm
The Euro Fell to Weekly Lows
EUR/USD is revisiting weekly lows at 1.1770 with selling bias around the Euro. No major support levels until 2021 lows of 1.1660. The euro currently trades at $1.1764. On the other hand, Deutsche Rohstof believes that the average price of the euro for 2022 will be $1.20, which is lower …
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16 September 2021 2:40 pm
Gold is Falling With The Rise of The Dollar
Gold prices fell, after the dollar’s rise affected the attractiveness of the precious metal to holders of other currencies, while investors are awaiting the US Central Bank meeting to know indications about the time frame to reduce the stimulus program and raise interest rates. Gold is a hedge against inflation …
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