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Market Analysis

August, 2021

  • 18 August 2021 11:56 pm

    Fed Months Away from Tapering Decision: Minutes

    Board members of the United States Federal Reserve are moving closer to a decision on tapering the massive asset purchases, currently at $120 billion a month, which were introduced to support economic recovery from the coronavirus pandemic. The Federal Open Market Committee (FOMC) July meeting minutes showed that most members …

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  • 18 August 2021 10:25 pm

    FOMC Minutes Confirm Taper Talks and Uncertainty

    The minutes of the latest Federal Open Market Committee (FOMC) meeting showed that some members of the United States Federal Reserve Board indicated that the committee should begin limiting asset purchases this year. However, 60% of respondents anticipated the first reduction in the pace of net asset purchases to come …

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  • 18 August 2021 8:28 pm

    U.S. Oil Inventories at Lowest Since January 2020

    Crude oil inventories in the United States declined last week to their lowest level since January 2020. Inventories dropped by 3.2 million barrels in the week ending August 13, reaching 435.5 million barrels, according to official figures released on Wednesday by the U.S. Energy Information Administration (EIA). The decline in …

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  • 18 August 2021 6:42 pm

    FOMC: Markets Are Afraid of The “Black Swan” Scenario

    At the FOMC meeting on July 28, the question about monetary policy was posed very straightforwardly; Is the US economy, especially the labor market, improving fast enough to begin discussing QE tapering? Looking at the Fed members’ statements since the last meeting of FOMC, we see that it tends to …

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  • 18 August 2021 5:35 pm

    US: Housing Starts Decline by 7% in July

    Housing Starts in the US declined by 7% on a monthly basis in July after increasing by 3.5% in June, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday.

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  • 18 August 2021 5:10 pm

    Canada: Annual CPI Rises to 3.7% in July

    Annual inflation in Canada, as measured by the Consumer Price Index (CPI), advanced to 3.7% in July from 3.1% in June, the data published by Statistics Canada revealed on Wednesday. This reading came in higher than the market expectation of 3.4%. On a monthly basis, the CPI rose to 0.6% …

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  • 18 August 2021 4:31 pm

    The Dollar is Falling in Europe But Remains at High Levels

    The dollar fell in Europe on Wednesday but remained at elevated levels as global growth concerns, caused by the ongoing outbreak of the Delta virus, prompted traders to reduce their positions on riskier currencies. At 07:55 GMT, the dollar index, which measures the greenback against a basket of six other …

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  • 18 August 2021 3:12 pm

    Eurozone Final CPI Revised Lower in July

    According to Eurostat’s final reading of the Eurozone CPI report for July, the consumer prices came in at 2.2% on a yearly basis, meeting 2.2% expectations. While the core figures rose by 0.7%. Month-on-month inflation in the region fell 0.1%, in line with the median forecast of economists polled by …

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  • 18 August 2021 2:20 pm

    UK Inflation Slows More Than Expected in July

    British inflation slowed faster than expected in July, according to official data released on Wednesday, August 18, to 2% on an annual basis, compared to 2.5% in June. Economists polled by Reuters had expected inflation for July to be 2.3%. Official data showed that the rate of inflation in Britain …

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  • 18 August 2021 1:40 pm

    Oil Prices Settled and Uncertainty Surrounds The Prospects For Demand due to The Outbreak of Delta Variant

    Oil prices stabilized on Wednesday, August 18, after four days of decline, while investors were still concerned about the prospects for strengthening the demand for fuel, as the use of railways, aircraft, and other forms of transportation remained restricted in light of the high incidence of Covid-19 around the world. …

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  • 18 August 2021 1:00 pm

    Gold Rises 0.4% Due to The Demand For Safe Havens on Delta Fears

    Gold prices rose on Wednesday, August 18, to approach a two-week high, as demand for the yellow metal, which is considered a safe haven, was boosted by growing concerns about the fast-spreading delta strain of Covid-19 and its economic impact. Spot gold rose 0.4% to $1,792.42 an ounce, after hitting …

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  • 18 August 2021 12:30 pm

    Nikkei Rises 0.59%, Ending a 4-day Losing Streak

    Japanese stocks rebounded Wednesday, August 18th, led by gains in FUJIFILM and other defensive stocks, while the benchmark Nikkei index ended a four-day losing streak, but concerns about the delta strain kept investors on guard. The Nikkei index rose 0.59% to 27,585.91 points, reversing losses incurred earlier when it reached …

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  • 18 August 2021 6:58 am

    Yellen Defends Biden’s Massive Spending Plans, Again!

    Janet Yellen

    The United States Treasury Secretary, Janet Yellen, remains the strongest defender of the current economic policies by the Biden administration, even among cabinet members. Given her credibility as former Chair of the Federal Reserve, and the first female to hold this post, she is repeatedly voicing her support for the …

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