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Market Analysis

April, 2021

  • 20 April 2021 6:23 pm

    Wall Street Opens Lower as Investors Await Earnings Reports

    The main indices of the New York Stock Exchange (NYSE) continue to decline for the second consecutive session on Tuesday, with Wall Street investors awaiting the release of earnings reports. The Dow Jones Industrial Average is down by 0.39%, while the S&P 500 index declined by 0.24%. Meanwhile, the Nasdaq …

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  • 20 April 2021 4:36 pm

    Currencies Overview: Dollar Drops to Its Lowest Level in Nearly 7 Weeks

    The dollar fell to its lowest level in nearly seven weeks during the Asian session, while the euro rose as investors grew optimistic about the pace of vaccinations in Europe, and Treasury yields continued below the high levels recorded in March. The dollar has fallen since the beginning of April, …

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  • 20 April 2021 3:05 pm

    USD/JPY Continues Its Decline Once Crosses 108.00 Mark

    The USD/JPY pair gained some strength to trade near a daily high of 108.54, as the US dollar took a breather after yesterday’s declines despite maintaining underlying weakness. USD/JPY needs to break 108.00 to continue the decline. The change in market sentiment appears to be linked to the earnings reporting …

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  • 20 April 2021 2:57 pm

    The UK Unemployment Rate Fell on Government Job Protections

    Official figures showed that the unemployment rate in Britain unexpectedly decreased for the second month in a row to 4.9% in the period from December to February, most of which were under strict isolation measures to confront the outbreak of Covid-19. Most of the economists polled by Reuters had expected …

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  • 20 April 2021 1:32 pm

    Dogecoin Seeing Huge Rallies

    Dogecoin

    Dogecoin supporters have launched a social media campaign aimed at raising the price of the cryptocurrency to $ 1 after it reached 9 cents a week ago. The hashtag Dogecoin topped Twitter with a growing number of tweets on the topic. And the cryptocurrency rose to about 25%, pushing it …

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  • 20 April 2021 1:15 pm

    Australia Central Bank Sees Faster Economic Recovery From Pandemic

    The Reserve Bank of Australia’s minutes from its April meeting has been released. Here are the main quotes. The minutes of the latest RBA meeting emphasized that the economic recovery has further to run before the RBA will be satisfied which supports our view that the Bank will announce another extension …

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  • 20 April 2021 1:01 pm

    China’s Imports of Saudi Crude Oil Increased 8.8% in March And a Jump in Shipments From The UAE

    China’s imports of Saudi crude oil rose 8.8% in March from a year ago, driven by strong demand and with the arrival of shipments delayed due to congestion at ports. Imports from the UAE also increased again, jumping 86%. The volume of shipments from Saudi Arabia reached 7.84 million tons, …

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  • 20 April 2021 12:43 pm

    Gold Dropping From a 7-Week Peak as US Bond Yields Recover

    Gold prices fell on Tuesday, April 20, after hitting a seven-week high in the previous session, as US bond yields favored a recovery in the face of support represented by the weakening of the US dollar. Gold fell in the spot market 0.1% to $1768.01 an ounce, after hitting $1789.77 …

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  • 20 April 2021 12:25 pm

    Oil Prices at Their Peak in More Than a Month Thanks to The Weak Dollar

    Oil prices rose to the highest level in more than Tuesday, April 20, as the decline in the US dollar supported commodities and due to expectations of a decline in crude stocks in the United States, the largest consumer of fuel in the world, but the increase in Coronavirus cases …

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  • 20 April 2021 5:25 am

    Why Could JPMorgan Finance a Football Competition with $5B?

    European football has gained a growing global audience over the past years and decades, making it a major industry with a rising market size and annual revenues growing from about EUR 13.6 billion in 2007 to roughly EUR 29 billion before the coronavirus pandemic. Accordingly, a dozen of Europe’s biggest …

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  • 20 April 2021 1:04 am

    Wall Street Closes Lower

    The New York Stock Exchange (NYSE) closed lower on Monday, following a week that saw multiple record-breaking, as Wall Street investors leaned towards profit making. The Dow Jones Industrial Average declined by 123 points, or 0.36%, to finish at 34,077.63 points. The S&P 500 index fell by 22.21 points, or …

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  • 20 April 2021 12:10 am

    Expectations by Goldman Sachs Supporting the Euro

    Eurozone

    Goldman Sachs is expecting the Euro (EUR) to continue to rise against the U.S. Dollar (USD), advising investors to go long on the European currency, according to a recent note. Following the report, the EUR/USD pair reached its highest level in about six weeks on Monday. The investment bank is …

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  • 19 April 2021 11:17 pm

    Oil Closes Higher amid Supply Disruptions

    Oil prices finished higher on Monday, due to supply disruptions in Libya and expectations for a recovery in the global demand. Brent Crude futures for May increased by 24 cents, or 0.36%, to $67.01 per barrel. Meanwhile, the May West Texas Intermediate (WTI) crude futures gained 25 cents, or 0.4%, …

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