The President of the United States, Joe Biden, on Thursday signed the $1.9 trillion relief bill into law, officially ratifying what he originally proposed as the “American Rescue Plan” to help the U.S. economy recover from the impact of the Coronavirus pandemic. After Congress passed the bill, following a long …
Read More »Oil Prices Climb as OPEC+ Freezes Output and Global Supply Pressures Build
West Texas Intermediate (WTI) crude began the week on a strong note, rising back toward the mid-$59 …
Wall Street Slips as Investors Await Crucial Powell Remarks
Wall Street drifted lower on Monday as investors paused ahead of a highly anticipated speech by Fede…
Sterling Climbs as Markets Bet on Imminent Rate Cuts
The British pound began the week on a firmer footing, supported by growing expectations that major c…
U.S. Manufacturing Slips Again as Tariffs and Uncertainty Weigh on Growth
American manufacturing continued its downward slide in November, marking the ninth consecutive month…
U.S. Stock Futures Slip as Markets Weigh December Fed Rate Cut and Next Chair Pick
U.S. stock futures moved lower on Monday as investors digested the implications of rising expectatio…
Bitcoin Slides Over 5% as Yearn Finance Exploit Triggers Fresh Crypto Market Turbulence
Bitcoin fell sharply in Asian trading on Monday, kicking off the new month with renewed volatility a…
Gold Trades Near Six-Week High as Weaker Dollar and Fed Cut Expectations Boost Demand
Gold hovered near a six-week peak on Monday, supported by a softer U.S. dollar and firm expectations…
Oil Climbs Over 1% as OPEC+ Holds Output Steady and Geopolitical Risks Mount
Oil prices rose more than 1% in Asian trading on Monday, supported by OPEC+’s decision to keep produ…
Weekly Recap: Markets Ends November Cautiously Higher Amid Interest Rate Cut Expectations
Global financial markets wrapped up November with a cautiously optimistic tone, buoyed by sustained …
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…
Market Analysis
March, 2021
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12 March 2021 2:37 am
Wall Street Scores New Record Highs
The benchmark indices of the New York Stock Exchange (NYSE) closed higher on Thursday, with the Dow and S&P ending the session at all-time highs, as Wall Street investors reacted positively to inflation data that eased worries about a possible reflation due to the increase in stimulus spending. Positive jobs …
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12 March 2021 2:31 am
Oil Prices Rise on Improved Demand Outlook
Oil prices rose for the second consecutive session, registering large gains on the back of a weaker U.S. Dollar (USD) and expectations of global demand recovery during the second half of the year. In addition, large draws in U.S. fuel inventories have eased fears of an oversupply, especially with the …
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11 March 2021 11:52 pm
Gold Maintains Gains for Third Day in Row
Gold prices continued to rise on Thursday for the third consecutive session, supported by the decline of the U.S. Dollar (USD) and Treasury bond yields. The yellow metal registered limited gains today, as recent inflation data eased reflation concerns and improved risk sentiment among investors. Gold futures for April delivery …
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11 March 2021 11:43 pm
OPEC Expects Demand Recovery in H2 of 2021
The Organization of the Petroleum Exporting Countries (OPEC) expects the recovery of the global demand for crude oil to be focused on the second half (H2) of 2021. OPEC’s monthly report, released on Thursday, expects global demand will rise by 5.89 million barrels per day (b/d) in 2021, raising its …
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11 March 2021 10:22 pm
European Stocks Hit Year-High Following ECB Statement
European stocks rose on Thursday to their best level in about a year, supported by the dovish tone of the European Central Bank (ECB), which earlier today decided to maintain interest rates and signaled plans to expand its asset purchases in the coming quarter. Reduced fears about a reflation gave …
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11 March 2021 9:35 pm
DXY Extends Losses as Market Reacts to Data and Stimulus Bill
The U.S. Dollar (USD) declined on Thursday as the recent inflation data helped ease reflation fears, pushed down Treasury bond yields, and improved risk sentiment, which reflected positively on other currencies. Market are reacting to the passing of the $1.9 trillion relief bill by Congress, which is expected to soon …
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11 March 2021 9:11 pm
Inflation in Brazil Hits Highest Level in Four Years
The inflation rate in Brazil exceeded 5% last month for the very first time in more than four years, as shown by official data on Thursday. Annual consumer inflation rose by 5.20% in February, its highest level since January 2017. The inflation rate exceeded market expectations of registering about 5.06%. …
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11 March 2021 7:47 pm
U.S. Natural Gas Inventories Down 52 bcf
Natural gas inventories in the United States decreased by 52 billion cubic feet (bcf) last week, according to the weekly report released on Thursday by the U.S. Energy Information Administration (EIA). Working natural gas in storage reached 1,793 bcf as of Friday, March 5, the report showed. Gas stockpiles were …
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11 March 2021 7:35 pm
U.S. Job Openings Exceed Expectations in January: JOLTS
The number of job openings in the United States rose by the end of January to 6.917 million, data showed on Thursday. The reading shown by the U.S. Bureau of Labor Statistics Job Openings and Labor Turnover Summary (JOLTS) came better than expectations of 6.6 million job openings. The number …
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11 March 2021 6:26 pm
ECB: Lagarde Speech Highlights
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged. “Overal economic situation is expected to improve in 2021.” “Uncertainty remains.” “Persistently high COVID rates, lockdowns weigh on …
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11 March 2021 5:45 pm
US: Weekly Initial Jobless Claims Decline to 712K
There were 712,000 initial claims for unemployment benefits in the US during the week ending March 4, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 754,000 (revised from 745,000) and came in better than the market expectation of …
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11 March 2021 5:44 pm
ECB Leaves Key Rates And PEPP Unchanged
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
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