Gold prices fell on Friday, July 16, but remained on track to achieve gains for the fourth consecutive week, supported by the confirmation of the US Federal Reserve Chairman to stick to the accommodative monetary policy of the economic recovery. And the price of gold in spot transactions fell 0.3% …
Read More »10 Key Alarm Bells: Is the AI Market Bubble About to Burst?
US stock markets keep hitting all-time highs in 2026 — and almost nobody can explain why. With a war…
Gold Plunges More Than 3% as Strong US Jobs Report Crushes Rate-Cut Hopes
Gold prices suffered a sharp selloff on Friday after a surprisingly strong US employment report rein…
Trump Questions Market Reaction After Blowout NFP Data
President Donald Trump expressed frustration after financial markets sold off despite a much stronge…
SpaceX Goes Public, Draws Overwhelming Demand
SpaceX is on the verge of rewriting the rules of capital markets, as it prepares for a historic publ…
Canada Delivers Surprise Jobs Rebound as Unemployment Rate Falls
Canada’s labor market rebounded sharply in May, with the economy adding 87,800 jobs and the un…
U.S. Jobs Market Delivers a Jolt: May Nonfarm Payrolls More Than Double Forecasts
The U.S. economy added 172,000 jobs in May, demolishing the 85,000 consensus estimate and cementing …
Bitcoin Crashes Toward 4-Month Low with 16% Weekly Wipeout: ETF Exodus, Iran War, and AI Rivalry Crush Crypto
Key Takeaways Bitcoin near 4-month low: The world’s largest crypto fell 3.9% to $61,524.0 — it…
European Stocks Edge Lower as Hezbollah Veto and Broadcom Chill Combine: ASML, Infineon and STMicro Hit Hard
Key Takeaways Modest losses: The Stoxx 600 slipped 0.2%, Germany’s DAX fell 0.3%, the U.K.R…
Hezbollah Calls U.S.-Brokered Lebanon Deal “Absurd and Humiliating”: Iran Peace Talks Pushed to the Brink
Key Takeaways Hezbollah rejects ceasefire: Leader Naim Kassem called the U.S.-brokered Lebanon-Israe…
Dollar Steady Near Weekly Highs as Hezbollah Veto Dashes Peace Hopes: Rupee Surges on RBI’s Inflation Warning
Key Takeaways Dollar holds firm: The DXY and dollar index futures moved little Friday but are set fo…
Market Analysis
July, 2021
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16 July 2021 12:37 pm
The Recovery of The Travel Sector Lifts European Stock Indices
European shares rose on Friday, July 16, after travel stocks rebounded, following sharp losses earlier in the week, while a slew of positive business results overshadowed concerns about the rising delta strain cases on the continent. The European STOXX 600 index rose 0.3%, making it destined to end the week …
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16 July 2021 12:01 pm
Oil Heads For Biggest Weekly Loss Since May
Oil prices fell Friday, July 16, heading for their biggest weekly drop since at least May. Expectations of an increase in supply raised investor concerns, as OPEC is likely to raise production in line with a possible recovery in demand as more countries recover from the Covid-19 pandemic. The price …
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16 July 2021 4:02 am
Yellen Believes Inflation Will Eventually East in Months
The U.S. Treasury Secretary, Janet Yellen, is worried about housing costs, expecting high inflation to remain for several months before easing. The housing market remains in a better position compared to the time prior to the 2008 market crash, Yellen told CNBC “It’s a very different phenomenon but I do worry …
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16 July 2021 3:54 am
U.S. Business Applications Decline in June
New business applications in the United States decreased by 9.8% to a seasonally adjusted 448,553 in June, official data showed on Thursday. This marked the first time for applications to start a new business in the U.S. to decline since February. A seasonally adjusted 51,543 applications were received from corporations, …
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16 July 2021 3:29 am
Powell Tells Senate High Inflation is Temporary
The Federal Reserve Chairman Jerome Powell has defended on Thursday the efforts by the central bank to support the U.S. economy amid recovery from the coronavirus pandemic, despite the recent surge in inflation. After speaking to the House Financial Services Committee Wednesday, today Powell spoke to the Senate Banking Committee. …
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16 July 2021 12:50 am
Oil Closes Lower for Second Straight Day
Oil prices finished lower on Thursday, maintaining a downward trend for the second consecutive session, amid uncertainty about production levels. Yesterday, media reports suggested that the OPEC+ alliance has reached an initial agreement to extend the current output cuts until 2022, with a gradual easing in the curbs in line …
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15 July 2021 11:55 pm
USD Rebounds From Session Lows
The U.S. Dollar (USD) rose on Thursday, supported by the drop in weekly jobless claims and the testimony of the Federal Reserve Chair before Congress, in which expressed the central bank’s patience in dealing with the rising inflation. Unemployment benefits data showed that the labor market continues to show recovery …
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15 July 2021 11:14 pm
Gold Closes Lower as Inflation Concerns Ease
Gold prices finished lower on Thursday after recent remarks by the Federal Reserve Chair Jerome Powell eased concerns about the rising inflation a sudden change in monetary policy. The yellow metal’s decline comes a day after finishing at its highest level in about a month. Gold futures for August delivery …
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15 July 2021 10:40 pm
European Stocks Log Biggest Loss in Week
European stocks finished lower on Thursday, with the energy sector leading the losses due to the drop in crude oil prices. The STOXX Europe 600 index closed lower by about 1%, logging its biggest decline and its lowest closing level since July 8, at 456.20 points. Oil and gas stocks …
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15 July 2021 8:10 pm
U.S. Senate to Discuss Infrastructure Bill Next Week
The United States Senate could be voting on the bipartisan infrastructure bill next Wednesday, Senate said Majority leader Chuck Schumer said on Thursday. The $1.2 trillion plan includes spending on roads, bridges, and other infrastructure projects. “All parties involved in the bipartisan infrastructure bill talks must now finalize their agreement …
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15 July 2021 7:44 pm
U.S. Import Costs Increase in June Contributing to Rising Inflation
The United States import price index surged by 1% in June, official data showed on Thursday. This marked the seventh consecutive monthly increase for import prices. Despite coming in line with market expectations, the rise in the cost of imported goods showed another element contributing to the surging inflationary pressures. …
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15 July 2021 6:10 pm
US: NY Empire State Manufacturing Index Improves to 43 in July
The Index of the NY Fed’s Empire State Manufacturing Survey improved sharply to 43 from 17.4 in June. This reading fell short of the market expectation of 18 by a wide margin.
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