The dollar fell to a nearly eight-week low against other major currencies on Monday, amid speculation that US Federal Reserve Chairman Jerome Powell will avoid talks on easing bond purchases at this week’s meeting. The dollar reached 107.71 yen, close to the lowest level since the fourth of March. The …
Read More »Markets Absorb Japan’s Election Shock as Focus Shifts to Key U.S. Data
Global markets opened the week digesting a major political shock from Japan while cautiously reposit…
Bitcoin Holds Above $70K as Risk Appetite Rises After Japan Election
Bitcoin edged slightly higher on Monday, trading at $70,584, up 0.43%, as investors navigated the vo…
Euro Prepares for Greater Global Role as Dollar Weakness Persists
European financial policymakers are signaling that the euro is increasingly positioned to play a lar…
Swiss Franc Surges as Dollar Dips
The U.S. Dollar slid below 0.77 against the Swiss Franc on Monday, marking a notable move in global …
Dollar Slides as Global Demand Wavers
The U.S. Dollar Index (DXY) fell 0.80% to 96.896, retreating from yesterday’s close of 97.681. Marke…
U.S. Stock Futures Dip as Markets Await Key Jobs, Inflation Data and Fresh Earnings
U.S. stock futures edged slightly lower on Monday, as investors adopted a cautious stance at the sta…
Dollar Slips as Markets Brace for Key U.S. Data, Yen Gains on Intervention Signals
The U.S. dollar edged lower on Monday as investors positioned for a data-heavy week that could shape…
U.S. Pushes South Caucasus Peace Deal as Vance Backs Strategic Trade Corridor Bypassing Russia and Iran
U.S. Vice President JD Vance is set to visit Armenia and Azerbaijan this week in a diplomatic push t…
European Stocks Advance as Earnings Momentum Builds and Markets Brace for Key U.S. Data
European equities opened the week on a positive note on Monday, as investors positioned for a busy s…
Bitcoin Reclaims $70,000 as Risk Appetite Stabilizes Ahead of Key U.S. Data
Bitcoin traded comfortably above the $70,000 mark on Monday, consolidating gains after a sharp rebou…
Market Analysis
April, 2021
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26 April 2021 1:52 pm
Kremlin: Putin-Biden Meeting Dates And Place Yet to be Chosen
Kremlin said in a statement on Monday, dates and place are yet to be chosen when asked about a possible meeting between Russian President Vladimir Putin and his American counterpart Joe Biden.
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26 April 2021 1:43 pm
German IFO Index Drop to 99.5 in April
The headline German IFO Business Climate Index came a bit higher at 96.8 in April compared to last month’s 96.6, missing the expectations of 97.8.
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26 April 2021 1:22 pm
European Stocks Are Stable as Losses in Auto Stocks Erase Gains
European stocks were largely flat on Monday, as car maker losses erased the gains of mining companies, while investors awaited a week full of corporate results and economic data. The pan-European STOXX 600 index rose 0.02% n early trade, after recording its first weekly loss in eight weeks on Friday. …
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26 April 2021 1:02 pm
Japan Shares Closed Higher, Led by Travel Stocks
Japanese shares closed higher on Monday as travel-related stocks recovered from losses stemming from concerns over coronavirus restrictions, and after ANA forecast losses lower than expected for the full year. The Nikkei index rose 0.36% to close at 29,126.23 points, while the broader Topix index rose 0.17 to 1918.15 points. …
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26 April 2021 12:42 pm
Gold Rising as Virus Cases Increase And The Dollar’s Decline Reinforces Its Safe-Haven Appeal
Gold won today, Monday, as the increase in the incidence of Covid-19 cases strengthened its appeal as a safe haven, and this reinforced the weakness of the dollar before the meeting of the Federal Reserve (US Central Bank) this week, while the palladium, which is used in the auto industry …
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26 April 2021 12:31 pm
Oil Falls Amid Concerns About The Impact of Increased Covid-19 Cases in India on Fuel Demand
Oil prices fell on Monday, on the back of fears that the escalation of Covid-19 infections in India will lower the demand for fuel in the world’s third-largest oil importer, and with investors shifting positions ahead of a planned increase in OPEC+ oil production from May. Brent crude futures fell …
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25 April 2021 2:40 am
Weekly Recap: 19-23 April
In the third week of April, the main market movers were concerns about the resurgence of the coronavirus pandemic especially in Asia, as well as economic data, most of which signaled recovery from the negative impacts of the coronavirus in the United States, Eurozone, and China. In addition, media reports …
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24 April 2021 3:18 am
Wall Street Recovers from Most Weekly Losses
The New York Stock Exchange (NYSE) finished higher on Friday, amid increased optimism among Wall Street investors about the recovery from the impacts of the coronavirus pandemic, signaled by positive economic data. However, today’s gains did not erase weekly losses, which resulted from concerns about a new wave of the …
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24 April 2021 1:50 am
U.S. Treasury Bond Yields Rebound from Recent Lows
Treasury bond yields in the United States rose on Friday, amid an improvement in risk appetite among investors due to positive economic data signaling recovery from the negative impacts of the coronavirus pandemic in the U.S. and Europe. The benchmark 10-year Treasury bond yield increased by 1.2 basis points to …
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24 April 2021 1:45 am
Oil Futures Close Higher to Limit Weekly Decline
Oil prices rose on Friday, limiting their weekly decline that resulted mostly because of concerns about demand recovery amid a resurgence of the coronavirus with a rising number of new cases, especially in India. Brent crude futures for June delivery gained 71 cents, or 1.1%, to close at $66.11 per …
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24 April 2021 1:19 am
Gold Futures Turn to Modest Weekly Losses
Gold prices declined on Friday, turning to a weekly loss, despite the fall of the U.S. Dollar (USD). The prospects for economic recovery, as evident by recent economic data, reduced demand for safe havens and led to better risk appetite. Gold futures for June delivery finished lower by $4.20, or …
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24 April 2021 12:43 am
European Stocks Log First Weekly Loss in Two Months
European stocks declined on Friday, registering their first weekly loss in eight weeks, as the market reacted to concerns about the rising number of new coronavirus cases amid a new wave of the pandemic. The STOXX Europe 600 index closed lower by 0.2%, expanding its losses to 0.8% for the …
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