The manufacturing production in the city of Texas maintained a strong performance in July, data by the Federal Reserve Bank of Dallas showed on Monday. The Dallas Fed manufacturing production index rose to 31.0 in July from 29.4 in June, as shown by the results of the Texas Manufacturing Outlook …
Read More »Oil Prices Slip as Iran Dashes Deal Hopes
Diplomatic uncertainty and demand concerns drag both benchmarks lower on Friday. Oil prices fell sha…
Are Markets Misreading Fed’s Warsh?
Financial markets may be far too optimistic about what Kevin Warsh’s arrival at the Federal Reserve …
From Rockets to Riches: SpaceX’s IPO Could Shatter Every Known Wall Street Record
The most anticipated stock market debut in decades is finally happening. It is a moment investors ha…
Hawkish Signals From the Federal Reserve Pressure Bullion Prices
Gold prices moved lower on Friday as the US dollar strengthened following renewed warnings from Fede…
Wall Street Climbs as Iran Diplomacy Fuels Market Optimism
US stocks moved higher on Friday as investors closely monitored developments surrounding potential p…
New Fed Chair: Kevin Warsh Takes the Helm While Markets Brace for Tough Economic Choices
President Donald Trump officially swore in Kevin Warsh as chairman of the Federal Reserve during a h…
Global Markets on Edge: Inflation Signals, Central Bank Moves, and Middle East Uncertainty Shape the Week Ahead
Global financial markets are entering a critical week where inflation data, central bank decisions, …
U.S. Consumer Sentiment Crashes to All-Time Low: Iran War Gasoline Shock Sends Inflation Fears to Multi-Decade Highs
Key Takeaways Record low sentiment: The University of Michigan’s Consumer Sentiment Index plun…
Dollar Holds Near 6-Week High as Iran Peace Talks Keep FX Markets in Limbo: Pound Dragged by Retail Sales Slump
Key Takeaways Dollar steady: The DXY held mostly unchanged at 99.30, remaining near a six-week high.…
Wall Street Futures Edge Higher as Iran Talks Teeter: Take-Two Soars on GTA VI Countdown, IBM Quantum Wins $2B
Key Takeaways Futures nudge up: Dow futures rose 96 points (+0.2%), S&P 500 futures inched up 0.…
Market Analysis
July, 2021
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26 July 2021 7:23 pm
U.S. New Home Sales Drop in June
The sales of new single-family homes in the United States declined last month, data showed on Monday. New home sales fell by 6.6% to a seasonally adjusted annual rate of 676,000 units in June, according to the U.S. Department of Commerce. In addition, May’s reading was revised downwards to 724,000 …
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26 July 2021 5:27 pm
Earning Reports From Household Names This Week
Markets are about to enter another turbulent week, the turmoil will be utterly dependent on the performance of household names in the second quarter according to the earnings report and whether these reports indicate a bad performance – which is expected – or come on the positive side, which drives …
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26 July 2021 5:01 pm
US Treasury Yield Back to Lowest Level in Five Months
The benchmark 10-year US Treasury yield fell to 1.23% on Monday, returning to a 5-month low. Investors await the Federal Open Market Committee’s meeting later in the week for more clues on the Fed’s next moves, stimulus, and the economic outlook. Concerns about the rapid spread of the delta variant …
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26 July 2021 3:40 pm
Gold Rising Supported by Lower Yields And Virus Fears
Gold prices surged, boosted by lower US bond yields and worries about higher delta infections, as investors look ahead to this week’s fed meeting. Spot gold rose 0.3% to $1,806.80 an ounce. And US gold futures rose 0.3% to $ 1806.70. The rise in Covid-19 infections continued at the weekend, …
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26 July 2021 3:12 pm
A Sudden Drop in The IFO Business Climate Index in Germany
A survey showed on Monday that the IFO index of business confidence recorded a surprise decline in July, as concerns about the supply chain persisted and amid a rise in Coronavirus infections. The Ifo institute said its business climate index fell to 100.8 from 101.7 after being revised in June. …
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26 July 2021 2:15 pm
European Shares Drop From Their Highs
European shares fell from their highest levels ever, after fears of regulation plunged into stock markets in Asia, while shares of automakers fell after a strong performance last week. The pan-European Stoxx 600 index fell 0.4%, with auto stocks leading losses. Porsche shares fell 4.5% as shares were traded without …
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26 July 2021 1:45 pm
Oil Drops One Dollar a Barrel Due to Corona And Torrential Rains
Oil prices fell nearly a dollar on Monday as concerns about demand caused by the spread of mutated strains of the Coronavirus, as well as torrential rains in China, dispelled expectations of tight supplies for the rest of the year. Brent crude futures for September delivery fell 95 cents, or …
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26 July 2021 1:15 pm
Nikkei Follows Global Gains But Virus Fears Undermine Sentiment
Japanese shares closed higher on Monday, tracking gains in global stock markets thanks to positive corporate results, but the gains were curbed by concerns about global Covid-19 cases that could weaken the country’s economic recovery further. The Nikkei rose 1.77% in early trading after a four-day weekend that saw the …
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26 July 2021 12:47 pm
Dollar And Yen Rise as Risk Appetite Declines Ahead of Fed Meeting
The safe-haven yen and the US dollar started the week on the rise against more risky currencies such as the Australian dollar, as the rise in Covid-19 cases and the decline of stocks in Asia led to a state of caution ahead of the Federal Reserve (US Central Bank) meeting …
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26 July 2021 12:00 pm
China Says The U.S. is The ‘inventor of coercive diplomacy’
The United States is the “inventor of coercive diplomacy”, China’s vice foreign minister Xie Feng told U.S. Deputy Secretary of State Wendy Sherman on Monday, according to a statement on the foreign ministry website.
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26 July 2021 11:30 am
Bitcoin Jumps After Amazon Headlines
Cryptocurrencies rallied strongly today, with Bitcoin surge during the morning by more than 15%, on news that Amazon may be adding cryptocurrencies as a payment method. Elon Musk tweeted that this is the “big bang.” The e-commerce giant is reportedly hiring experts for blockchain and cryptocurrency payments among the latest …
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26 July 2021 11:05 am
China Asks The US to Remove Restriction on Communist Party Members
China asks the US to remove visa restrictions on Chinese communist party members, Xinhua News Agency reported, citing comments from the country’s Vice Foreign Minister Xie Feng following his meeting with the US Deputy Secretary of State Wendy Sherman.
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