The US dollar strengthened for the third day in a row Monday, January 18th, reaching a four-week high amid a case of risk aversion in the currency markets that pushed the Australian dollar and the British pound down. In light of the closure of the US markets on a public …
Read More »Bitcoin Extends Rebound as Softer U.S.–China Rhetoric Lifts Risk Appetite
Bitcoin advanced on Monday, building on a weekend bounce as cooler rhetoric around the U.S.–China tr…
Oil Extends Slide on China Demand Worries, Supply Risks, and Fading Geopolitical Premium
Crude prices fell for a third session on Monday, adding to last week’s losses as fragile demand sign…
Europe Opens Higher as Asia Rally Lifts Sentiment; Earnings Deluge Ahead
European equities started the week on the front foot, tracking gains in Asia and stabilizing after F…
China Q3 2025 growth beats forecasts but slows to one-year low as disinflation, trade risks bite
China’s economy expanded slightly faster than expected in the third quarter, even as momentum cooled…
Market weekly wrap: Government shutdown could have an end soon
Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a…
Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain
The euro remained stable on Friday, supported by renewed political calm in France after recent tensi…
Bitcoin’s October Slump Fuels Hope for a Major Comeback
Bitcoin’s price dropped again in October, stirring memories of past downturns that often came just b…
Market Analysis
January, 2021
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18 January 2021 3:16 pm
Corona Deaths in France Exceed 70,000
The health authorities in France said Saturday, January 16 that the total Corona deaths in the country exceeded 70,000 after 196 deaths were recorded in the past 24 hours. She added that the total number of deaths reached 70,142. There were also 21,406 new infections recorded during the past 24 …
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18 January 2021 2:11 pm
Growing CoronaVirus Cases Put an End to Oil Rally
Oil prices retreated further from the 11-month high that they touched last week, ending a rally that began at the end of October due to production cuts and strong Chinese demand, in light of questions about market direction amid the growing number of coronavirus cases. Brent crude was down 30 …
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18 January 2021 1:40 pm
US stimulus expectations raise gold despite the rising dollar
Gold prices rose on Monday, January 18th, after hitting the lowest level in a month and a half earlier in the session, supported by the chances of approving a huge US relief package from the repercussions of the Coronavirus, which overshadowed the rise of the dollar and strengthened the metal’s …
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18 January 2021 1:37 pm
Japanese manufacturers’ confidence stabilizes in January, and services slump
The Reuters Tankan survey showed that the confidence of Japanese manufacturers had stabilized in January, to become less pessimistic in more than a year about the repercussions of Covid-19, but service companies increased pessimism in conjunction with the start of new closures involving the majority of the country’s population. The …
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18 January 2021 12:32 pm
Chinese Retail Sales Below Expectations
Chinese retail sales rose 4.6% year-on-year last month, while analysts’ expectations were higher at 5.5% growth, and compared to 5% growth in November. Fixed asset investment increased 2.9% in 2020, compared to expectations for a 3.2% growth and a 2.5% rise in the first eleven months of the year.
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18 January 2021 12:32 pm
Chinese Industrial Output Grew by 7.3% in December
According to data released, China’s industrial output rose at a faster-than-expected rate of 7.3% in December compared to a year ago, to continue growth for the ninth month in a row in a continuation of the post-Covid recovery in the huge manufacturing sector, supported by strong exports. Analysts polled by …
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16 January 2021 2:46 am
A Closer Look at Biden’s $1.9 Tr Rescue Plan
The President-elect of the United States, Joe Biden, revealed late yesterday a new government stimulus plan worth $1.9 trillion to help the economy face the effects of the Coronavirus pandemic, under the name “The American Rescue Plan.” The plan will grant a monthly payment of $2,000 per household by adding …
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16 January 2021 2:30 am
NYSE Indices End the Week in Losses
The New York Stock Exchange (NYSE) closed Friday on a lower note, with the main indices ending the week with the biggest losses since the end of October. Weak economic data prompted concerns about the state of the economy, which still struggles with the Coronavirus pandemic. The Dow Jones Industrial …
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16 January 2021 2:24 am
U.S. Treasury Yields Decline for the Week
Treasury yields in the United States declined on Friday, after data showed that the American economy continues to suffer from the impact of the Coronavirus pandemic. Yield on the 10-year Treasury bonds went down by 3.1 basis points to 1.097%, declining by 0.8 basis point compared to its level by …
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16 January 2021 2:20 am
Oil Erases Weekly Gains and Turns to Losses
Oil prices declined on Friday, giving up most of their weekly gains in a correction wave that follows recent surges amid continuous concerns about the rising number of new Coronavirus cases. Brent crude futures for March delivery declined by $1.32, or 2.3%, to close at $55.10 per barrel. For the …
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15 January 2021 11:18 pm
U.S. Oil Rig Count Rises for Eight Week in Row
Active rigs drilling for oil in the United States increased by 12 to 287 this week, according to the weekly report released on Friday by Baker Hughes. This is the eight consecutive weekly rise for the U.S. oil rig count. The total rig count, representing the number of active rigs …
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15 January 2021 11:15 pm
Gold Closes Lower and Turns to Weekly Losses
Gold prices declined on Friday as the U.S. Dollar (USD) continued to show some rebound signs across the board. Gold futures for February delivery lost $26.30, or 1.4%, to close the week at the level of $1,825.10 per ounce. The most active yellow metal contracts have registered a weekly decline …
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