The U.S. Dollar (USD) rose on Wednesday to its highest level in about two and a half months to score large monthly gains against major peers. The greenback in June registered its biggest rise since November 2016, rising by about 3%. The Dollar Index (DXY), which measures the USD’s performance …
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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1 July 2021 12:05 am
Oil Settles Higher Following Inventory Data
Oil prices finished higher on Wednesday, after data showed that U.S. crude inventories declined for the sixth consecutive week. Markets are anticipating the decision by members of the Organization of the Petroleum Exporting Countries (OPEC) and its OPEC+ allies on output curbs. Brent crude futures for September delivery gained 34 …
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June, 2021
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30 June 2021 11:39 pm
Gold Futures Fall for the Month to Limit Quarterly Gains
Gold prices rose on Wednesday, amid the U.S. Dollar (USD) decline across the board, but showed a varied performance on the monthly and quarterly levels. The yellow metal’s front month contract for July delivery added $8.00, or 0.45%, to settle at $1,770.80 per ounce. This marked the biggest daily gain …
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30 June 2021 10:22 pm
European Stocks Maintain Monthly and Quarterly Gains
European stocks closed lower on Wednesday, amid concerns about the rising number of coronavirus cases, especially of the Delta variant, as well as reflation fears. The STOXX Europe 600 index lost 3.53 points, or 0.77%, and closed at 452.84 points. This market the biggest daily loss for the pan-European index …
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30 June 2021 9:40 pm
Chicago PMI Hits Four-Month Low in June
The Chicago Business Barometer Index declined in June to 66.1 from 75.2 in May, hitting a four-month low, data showed on Friday. During the second quarter (Q2) of the year, the Purchasing Manager Index (PMI) rose by 7.9 points to 71.1, according to ISM-Chicago. This marked the highest quarterly reading …
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30 June 2021 8:30 pm
U.S. Oil Inventories Down for Sixth Straight Week
Crude oil inventories in the United States declined last week for the sixth consecutive week, according to official data. The U.S. Energy Information Administration (EIA) on Wednesday reported that crude inventories fell by 6.7 million barrels in the week to June 25. The drop in oil inventories exceeded most market …
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30 June 2021 7:17 pm
U.S. Pending Home Sales Surge in May
U.S. pending home sales increased last month to its highest level since 2005, data showed on Wednesday. The Pending Home Sales Index rose by 8.0% in May to 114.7, according to data by the National Association of Realtors. The surge in the gauge of contracts signed last month came against …
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30 June 2021 7:04 pm
U.S. Private Payrolls Rise More than Expected
U.S. private payrolls rose more than expected during June, with businesses filling more vacancies to increase production amid demand recovery with the economy reopening, data showed on Wednesday. Private payrolls increased by 692,000 jobs this month, compared with May’s reading of 886,000, which was revised downwards from an initially estimated …
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30 June 2021 6:03 pm
Turkish Lira Rises Despite Positive US Data
Despite the positive US data on the labor market, and the advance of the US dollar index, the Turkish lira managed to rise strongly against the dollar after days of decline. The data released today also indicates that the trade balance deficit widened on an annual basis by 20.2% during …
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30 June 2021 5:13 pm
The European Union Adds 11 Countries to Its List of Safe Travel, Including Saudi Arabia And Jordan
Diplomats said EU governments have agreed to add 11 countries, including Saudi Arabia, Jordan and Qatar, to their list of countries that will allow non-essential travel from them. The ambassadors of the twenty-seven countries of the Union agreed to add these countries in today’s meeting, with the decision to take …
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30 June 2021 4:41 pm
Canada: Real GDP Contracts by 0.3% in April
Canada’s Real Gross Domestic Product (GDP) contracted at 0.3% in April, the data published by Statistics Canada showed on Wednesday. This reading came in better than the market expectation for a decrease of 0.8%. In March, the Canadian economy grew by 1.3%.
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30 June 2021 4:36 pm
US: Private Sector Employment Rises by 692K in June
Employment in the US’ private sector increased by 692,000 in June, the monthly data published by the Automatic Data Processing (ADP) Research Institute revealed on Wednesday. This reading followed May’s print of 886,000 (revised from 978,000) and surpassed the market expectation of 600,000.
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30 June 2021 3:22 pm
OPEC+ to Discuss Extension of Oil Supply Deal Beyond April 2022
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, the group known as OPEC+, is expected to discuss a potential extension of the oil supply deal beyond April 2022 on Thursday, Reuters reported, citing two OPEC+ sources.
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