Oil futures rose on Friday, as a stranded ship continues to block the Suez Canal, one of the world’s major trade routes, thus disrupting the flow of large crude supplies. However, crude prices finished the week in losses, amid concerns about the resurgence of the Coronavirus pandemic through a third …
Read More »US Session Key Drivers – Dollar Steadies After a Political Shock
Global markets opened the week in a cautious mood as investors absorbed the fallout from a major leg…
Bitcoin Advances Near $ 65,000 as Global Uncertainty Reshapes Risk Appetite
Bitcoin is heading up +0.51% hovering around $65,000 after entering the new week on the defensive, e…
Oil Prices Caught in the Crosscurrents of Politics and Demand
The energy market is catching its breath. Crude oil prices are no longer racing ahead, but they are …
After the Court Ruling, How is Trump Redrawing the Tariff Map
A recent decision by the Supreme Court has disrupted a central pillar of the current U.S. trade stra…
ECB Signals Steady Course as Europe Eyes Growth Through AI Adoption
The European Central Bank has signaled continuity rather than change, reinforcing the view that mone…
USD/CAD Steadies as Dollar Weakness Meets Falling Oil Prices
The USD/CAD currency pair traded around 1.3665 on Monday, showing relative stability at the start of…
USD/CHF Holds Steady Amid Trade Tensions and Soft Swiss Data
The USD/CHF currency pair struggled for clear direction on Monday as fresh uncertainties surrounding…
Is the Era of Free Trade Over? Insights from U.S. Tariff Strategies
A dramatic legal decision combined with a swift policy response has once again shaken the foundation…
Strong U.S. Data Clashes With Rate-Cut Hopes as Fed Signals Caution
Financial markets remain caught between conflicting signals, but recent U.S. economic data and centr…
Bitcoin Slides Below $65,000 as Whale Selling and U.S. Trade Uncertainty Weigh on Crypto Markets
Bitcoin briefly fell below the $65,000 level during Asian trading on Monday, remaining under sustain…
Market Analysis
March, 2021
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27 March 2021 1:12 am
Gold Rises but Settles with Weekly Losses
Gold prices rose on Friday, despite the stability shown by the U.S. Dollar (USD), amid increased demand from investors for safe havens. However, the yellow metal was unable to recover its weekly losses, most of which resulted from the rise of the USD and the high Treasury bond yields. Gold …
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27 March 2021 12:22 am
USD Steadies Near Highest Level in Four Months
The U.S. Dollar (USD) maintained some of its gains on Friday, despite the rise of the Euro and the Sterling Pound, supported by positive expectations for economic recovery in the United States. Large gains against the Japanese Yen (JPY) and the Australian Dollar (AUD) balanced off losses against the Euro …
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27 March 2021 12:13 am
U.S. Oil Rigs Rise by Six in Week
The number of active rigs drilling for crude oil and natural gas in the United States increased by six this week to 417, data by Baker Hughes showed on Friday. The rig count is now lower by 311 rigs compared with the same time of last year. It is worth …
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26 March 2021 9:58 pm
European Stocks Close Higher Supported by Mining and Tech Gains
European stocks finished Friday higher, supported by an improved investors’ sentiment amid positive expectations for the distribution of vaccines and recovering economies. The pan-European index STOXX 600 gained 0.91% and finished at 426.95 points, nearing its all-time high as it ended the week in gains for the fourth consecutive week, …
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26 March 2021 7:51 pm
UK and EU Reach Initial Agreement to Cooperate in Market Regulation
The United Kingdom (UK) and the European Union (EU) are said to have reached an agreement to coordinate financial markets regulation following the Brexit, Bloomberg reported. The agreed upon Memorandum of Understanding (MoU) has been finalized and is pending the official procedures of approval and ratification. The agreement identifies the …
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26 March 2021 7:28 pm
U.S. Consumer Sentiment Improves in March
Consumer sentiment in the United States continued to rise in March, reaching its highest level in a year, data by the University of Michigan showed on Friday. The Index of Consumer Sentiment improved by 10.5% to 84.9 in March, from 76.8 in February. However, it declined on an annual basis …
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26 March 2021 5:12 pm
US: Annual Core PCE Price Index Edges Lower in February
The Personal Consumption Expenditures (PCE) Price Index in February edged lower to 0.2% on a monthly basis and came in lower than the market expectation of 0.5%, the data published by the US Bureau of Economic Analysis showed on Friday. On a yearly basis, the PCE Price Index rose to …
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26 March 2021 5:06 pm
US: Personal Income Falls by 7.1% in February, Personal Spending Drops
The US Bureau of Economic Analysis reported on Friday that Personal Income in February declined 7.1% on a monthly basis. This reading followed January’s impressive increase of 10.1% and came in slightly better than the market expectation for a decrease of 7.3%. Further details of the publication showed that Personal …
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26 March 2021 4:59 pm
Oil Rose Due to Fears That Navigation in The Suez Canal May be Suspended For Weeks
Oil prices rose today by about 2%, to rebound due to fears that the float of a giant, stranded container tanker, impeding the movement of navigation in the Suez Canal, may take weeks, which may put pressure on the supplies of crude and refined products. But prices are still heading …
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26 March 2021 4:16 pm
The Turkish Lira Down About 2% With The Return of Concerns About The Central Bank
The Turkish lira fell to 8.09 against the dollar on Friday as investors remain concerned about the sudden dismissal by President Recep Tayyip Erdogan of the central bank governor and his replacement with another supporter of tightening monetary policy. The pound fell by up to 1.9% against the US currency …
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26 March 2021 3:29 pm
IFO: German Business Sentiment Rises in March
A survey showed today, Friday, that German business confidence reached its highest level in nearly two years in March, as increased demand for manufactured goods kept factories in Europe’s largest economy in a state of activity during the rise in infections with the Coronavirus and restrictions of general isolation. The …
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26 March 2021 3:24 pm
China Set to Impose Anti-Dumping Measures on Australian Wine Imports From March 28
China’s Commerce Ministry said in a statement on Friday, that they will impose anti-dumping measures on some Australian wine imports for five years, effective March 28. “Importers bringing in wines related to the anti-dumping activities ruled by China will need to pay tax to China’s customs authority, “the statement read.
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