The Australian Dollar (AUD) declined against the U.S. Dollar (USD) on Tuesday, after the release of the Reserve Bank of Australia’s (RBA) June meeting minutes. Minutes showed that the Australian central bank remains committed to extending the quantitative easing, seeing that tapering or ending the bond buying program would be …
Read More »Washington Taps Emergency Oil Reserves as War-Linked Supply Crisis Pushes Brent Above $109
With oil markets in turmoil and Brent crude surging past $109 a barrel, the U.S. government has move…
The Dollar Holds Its Ground — But for How Long?
The U.S. Dollar Index is trading around 100.18 on Friday, posting a modest gain of 0.17% on the day.…
US Employment Boom Meets Wage Slowdown: A Closer Look
The U.S. labor market delivered a powerful surprise in March, with hiring figures far exceeding expe…
After the Rally: Gold and Silver Confront a Market Reality Check
In a market moment defined by extremes, gold and silver are navigating one of the most complex envir…
Missiles, Money, and the Middle East: Inside Trump’s Massive $1.5T War Budget
The United States is preparing for a dramatic escalation in military funding, as President Donald Tr…
Amazon Bets Big on Space and AI in Bold Expansion Push
Amazon is moving aggressively on two of the most consequential fronts in modern technology: satellit…
Strong Jobs Data Can’t Save USD/JPY From Japan’s Shadow
The US dollar had every reason to surge on Friday. A blowout jobs report, a resilient labor market, …
Alarm Bells Ring as US Services Activity Contracts Sharply in March
The US services industry, a key driver of the American economy, has entered contraction territory fo…
Iran Fortifies Defenses as U.S. Escalation Signals Raise Risk of Ground Conflict
Iran is accelerating military preparations amid growing concerns that the conflict with the United S…
U.S. Jobs Blow Past Expectations in March, Signaling Labor Market Resilience
The U.S. labor market delivered a strong upside surprise in March, with job creation significantly e…
Market Analysis
June, 2021
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15 June 2021 11:39 pm
Oil Maintains Gains for Fourth Day in Row
The oil prices rally continued on Tuesday, with expectations for demand recovery in the summer with more countries easing lockdown measures against the coronavirus pandemic. More states in the U.S. plan to ease the remaining restrictions due to the increased rates of vaccination. Brent Crude futures for August delivery rose …
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15 June 2021 10:00 pm
Gold Closes at Mont-Low Ahead of Fed Meeting
Gold prices declined on Tuesday, to close at their lowest level in about a month, as the U.S. Dollar (USD) continues to fluctuate with markets anticipating the outcomes of the Federal Reserve. Talks about possible tapering seem to be weighing on the yellow metal ahead of the Fed’s decision. Gold …
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15 June 2021 9:03 pm
European Stocks Close at Another Record High
European stocks finished Tuesday at a new record high, with the chemicals and insurance stocks leading the gains. The STOXX Europe 600 index finished higher by 0.11% at 458.81 points. Today marked the eighth consecutive record-high closing level for the pan-European index, which gained about 15% since the beginning of …
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15 June 2021 7:57 pm
U.S. Housing Market Index Declines
The U.S. Housing Market Index declined this month to 81 from its reading of 83 in May, data by the National Association of Home Builders showed on Friday. The reading comes below market expectations of maintaining the same level of last month. The gauge of home sales for the coming …
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15 June 2021 7:51 pm
U.S. Business Inventories Rise in April
Business inventories in the United States declined by 0.2% in April, official data showed on Tuesday. The reading follows a rise of 0.2% in March. On the annual level, inventories fell by 3.6%, according to the U.S. Department of Commerce. Retail inventories plunged by 1.8%, after decreasing by 1.4% in …
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15 June 2021 5:58 pm
US: Industrial Production Expands by 0.8% in May
Industrial Production in the United States expanded by 0.8% on a monthly basis in May, the US Federal Reserve reported on Tuesday. This reading followed April’s growth of 0.1% (revised from 0.7%) and came in slightly better than the market expectation for an increase of 0.6%.
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15 June 2021 5:15 pm
US Retail Sales Decline by 1.3% to $620.2 Billion
Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.
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15 June 2021 4:50 pm
Cautious Trading on The Dollar Due to Uncertainty About The Fed Meeting
The dollar settled near multi-week highs as traders exercise caution ahead of a two-day Federal Reserve policy meeting that is likely to hint at plans to start tapering bond purchases. So far, Fed officials led by Chairman Jerome Powell have stressed that the increase in inflationary pressures is temporary and …
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15 June 2021 4:03 pm
US And EU Resolve 17-Year Dispute Between Boeing and Airbus
European Commission President Ursula von der Leyen said the United States and the European Union had resolved a 17-year dispute over aircraft subsidies between Boeing and Airbus. It comes after CNBC reported last week that the European Union is pressing the White House to reach an agreement to end trade …
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15 June 2021 2:58 pm
Turkish Lira Falling Sharply
The Turkish lira is falling sharply on Tuesday morning, despite a sharp decline in US 10-year Treasury yields, and a fall in the US dollar index. The Turkish lira’s decline comes amid concerns about the central bank’s decision next Thursday, despite assurances that the interest rate will remain stable. The …
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15 June 2021 2:19 pm
Oil Rises as Risk of Resuming Iran Supply Recedes
Oil prices rose on Tuesday, June 15, as Brent crude posted gains for the fourth consecutive session as prospects for the return of additional supplies to the market from Iran faded as talks about the United States rejoining the nuclear deal with Iran slowed. Brent crude rose 38 cents, or …
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15 June 2021 1:38 pm
European Stocks Post Their Longest Winning Streak Since 2019
European shares rose for the eighth consecutive session on Tuesday, June 15, as optimism about a rapid economic recovery in the region led to the rise of industrial stocks, while technology stocks followed the jump of their US counterparts overnight. The Stoxx600 index of European shares rose 0.3%, the longest …
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