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Market Analysis

April, 2021

  • 14 April 2021 6:15 pm

    Fed’s Kaplan: Full Employment Will Need Some Time

    President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Wednesday that it will be a while before the United States reaches full employment. However, Kaplan said that the Fed should start reducing what he sees as extraordinary measures, “at the first opportunity once we’ve reached, and are …

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  • 14 April 2021 4:40 pm

    U.S. Records Higher Prices of Imports and Exports in March

    Import prices in the United States increased by 1.2% during March, signaling another rise in inflation rates, data by the U.S. Department of Labor showed on Wednesday. This marker the fifth consecutive monthly rise in import prices, which increased by 6.9% on an annual basis, recording its biggest increase since …

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  • 14 April 2021 3:39 pm

    Currencies Overview: Dollar Near Its Lowest Level in a Month

    The dollar settled near its lowest level in a month on Wednesday as strong demand in a US bond auction led to a broad drop in Treasury yields and curtailed the interest rate advantage that the greenback enjoyed against other major currencies. In early trading in London, the dollar rose …

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  • 14 April 2021 3:37 pm

    Dogecoin Reaches an All-Time High

    Dogecoin

    The coin that has made the cryptocurrency market so hype thanks to the tweets of auto giant Tesla founder appears to have usually woken up. Like all other digital currencies that benefit from the upcoming offering of Coinbase today on the Nasdaq market, however, the matter was very interesting with …

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  • 14 April 2021 2:06 pm

    EU Commission Unveils Plan to Raise up to EUR800 Billion to Fund The Recovery

    The European Union (EU) Budget Commissioner Johannes Hahn unveiled on Wednesday, a strategy to raise up to EUR800 billion in debt for recovery fund, which is expected to be repaid by 2058. “EU to use a diversified funding strategy to raise as much as EUR800 billion until 2026.” “Borrowing to …

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  • 14 April 2021 2:05 pm

    Eurozone Industrial Production Drops by 1% in February

    Eurozone’s Industrial Production in Germany showed a lesser-than-expected decrease in February, the official data published by Eurostat showed on Wednesday, suggesting that the recovery in the manufacturing sector is far from gaining traction. The industrial output in the bloc arrived at -1.0% MoM vs. a 1.1% drop expected and 0.8% …

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  • 14 April 2021 1:14 pm

    European Parliament Postpones a Decision on a Final Vote on a Trade Agreement With Britain

    The European Parliament gave the green light Tuesday (April 13th) to the two main committees to vote this week on a trade pact between the European Union and the United Kingdom, but postponed a decision on whether the full parliament will give its approval later this month. The European Parliament …

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  • 14 April 2021 1:12 pm

    SAP and LVMH Earnings Push European Stocks Higher

    European stocks rose on Wednesday, as positive business results for German software company SAP and French luxury goods maker LVMH offset fears of a possible setback for the COVID-19 vaccination program on the continent. The European Stoxx600 index rose 0.1%, with shares of the technology and personal and household goods …

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  • 14 April 2021 12:29 pm

    Oil Continues to Rising But Virus Fears Dampen Gains

    Crude oil rose on Wednesday, April 14, after data in the sector showed that US inventories fell more than expected, while OPEC raised expectations for crude demand, but concerns about the Coronavirus and increasing supplies curbed the gains. Brent crude futures rose 85 cents, equivalent to 1.3%, to $64.52 a …

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  • 14 April 2021 12:28 pm

    Gold Stabilizing After an Early Increase as Rising US Bond Yields Offset Falling Dollar

    Gold prices stabilized after a rally in early trading on Wednesday, April 14th, as some increase in US Treasury yields offset the fall of the US dollar due to rising inflation. Gold settled in spot transactions at $1743.54 an ounce, after rising by as much as 0.3%. US gold futures …

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  • 14 April 2021 1:57 am

    Stocks Close Mixed Following Inflation Data

    The New York Stock Exchange (NYSE) closed Tuesday on a mixed note, following the release of the March reading of the U.S. inflation rate, which led to a rise in technology stocks. Treasury bond yields declined, with the benchmark 10-year U.S. Treasury bond yield falling by 5.6 basis points to …

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  • 14 April 2021 1:24 am

    Oil Gains on Outlook Recovery Expectations

    Oil prices rose on Tuesday, supported by the improved demand forecasts for 2021, by the Organization of the Petroleum Exporting Countries (OPEC). In addition, positive economic data in the United States and China prompted optimism about the recovery of the global economy and the demand for energy sources. The West …

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  • 13 April 2021 11:18 pm

    Gold Rises for First Time in Three Sessions

    Gold prices rose on Tuesday, following two consecutive daily declines, as the U.S. Dollar (USD) retreated following the release of inflation data. The yellow metal futures for June delivery gained $14.90, or 0.9%, to close at $1,747.60 per ounce. Yesterday, gold futures dropped by 0.7% to settle at their lowest …

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