Oil fell to $66 a barrel on Thursday, the lowest level since May, under the weight of fears of weak demand with an increase in Covid-19 cases, a rise in the US dollar, and a sudden jump in US gasoline stocks. The World Health Organization has warned of the spread …
Read More »Tech Surge Revives Risk Appetite on Wall Street After Midweek Jitters
U.S. stocks finished a shortened trading week on a positive note, rebounding from the previous sessi…
Swiss Franc Hits Year-High as Dollar Surges, Gold Retreats Toward $4,200
The US Dollar flexed its muscles across global currency markets on Thursday, pushing the Swiss Franc…
Fed Effect: Dollar Strength Pushes Pound to Multi-Month Lows After Central Bank Decisions
Pound Under Pressure as Markets Favor the US Dollar: The British pound slipped to its weakest levels…
Peace Dividend or Temporary Relief? How the US-Iran Agreement Could Reshape the Global Economy
The newly signed understanding between the United States and Iran is being viewed as one of the most…
Fed Effect Sends Euro to Two-Month Low as Dollar Power Surges
The euro fell to its weakest level in nearly two months on Thursday as the powerful aftershocks of t…
Oil Markets Reel as U.S.–Iran Deal Sparks Fears of a Supply Surge
A Diplomatic Breakthrough Sends Energy Traders Scrambling: Global oil markets reacted sharply as the…
Will the Intel-Apple Partnership Redefine the Global Chip Industry?
The landscape of the semiconductor industry is undergoing a radical transformation, reshaping the ba…
Gold Edges Higher as Iran MOU Eases Inflation Fears: Nine Hawkish Fed Officials and Warsh’s Resolve Cap the Upside
Key Takeaways Spot gold recovers modestly: Rose 0.3% to $4,269.42 per ounce after Wednesday’s …
Bank of England Holds at 3.75% in 7-2 Vote: Iran Peace Deal Eases but Doesn’t End the UK’s Energy Inflation Battle
Key Takeaways BoE holds at 3.75%: The Monetary Policy Committee voted 7-2 to keep rates unchanged — …
Trump Signs Iran MOU at Versailles: Hormuz Reopens Immediately, 60-Day Nuclear Clock Starts, $300B Reconstruction Fund Announced
Key Takeaways Versailles signing: Trump signed the MOU with Iran during a dinner at France’s V…
Market Analysis
August, 2021
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19 August 2021 2:15 pm
The Dollar at a 9-Month High After The Release of The Minutes of the US Federal Reserve Meeting
The dollar rose to a 9-month high on Thursday, as global markets fell after the minutes of the latest US Federal Reserve meeting revealed that policymakers expect to reduce the stimulus related to the Corona pandemic period before the end of the year. The dollar index, which measures the performance …
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19 August 2021 1:44 pm
European Shares Fall 1% on Fears of Monetary Tightening
European shares retreated more than 1%, amid fears of a faster-than-expected global monetary policy tightening, while lower commodity prices dented mining stocks to their lowest level in a month. The pan-European STOXX 600 index fell 1.5%, to its lowest level in two weeks, while mining shares fell 4.2%. Asian stocks …
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19 August 2021 1:24 pm
Gold Falls After Fed Minutes Ginted at Stimulus Cut
Gold prices fell today, with the dollar rising to its highest level in months after the minutes of the US Federal Reserve meeting indicated that it will start reducing its pandemic-related stimulus this year. And gold fell in spot transactions 0.5% to $ 1779.52 an ounce. US gold futures fell …
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19 August 2021 5:03 am
Wall Street Extends Losses Following Fed’s Minutes
The benchmark indices in the New York Stock Exchange (NYSE) finished lower for the second consecutive session on Wednesday, with Wall Street responding to the Federal Reserve’s July meeting minutes that showed a path to cut back the massive asset purchases before the end of 2021 or in January. The …
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19 August 2021 3:24 am
Oil Drops to Lowest Closing Level in Three Months
Oil prices declined on Wednesday, finishing at the lowest closing level since May, amid concerns over the spread of the coronavirus Delta variant and an expected negative impact on the recovery of energy demand. Earlier today, data showed a large drop in U.S. crude inventories to their lowest level since …
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19 August 2021 1:10 am
Gold Finishes Lower but Bounces Following Fed Minutes
Gold prices closed lower on Wednesday, as the U.S. Dollar (USD) continued its rally against major peers, but rebounded following the release of the Federal Reserve July meeting minutes Talks about plans for monetary policy normalization soon, beginning with limiting the asset purchases before increasing interest rate, are providing support …
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19 August 2021 12:06 am
Fed Growing Worried of Stablecoins Risks and Fragility
The U.S. Federal Reserve is seemingly concerned about the risks of stablecoins, with potential threats to financial stability. Minutes of the Fed’s July meeting, released earlier today, showed that members of the Federal Open Market Committee (FOMC) believe that significant structural vulnerabilities remained at entities such as prime money funds. …
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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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