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Market Analysis

March, 2021

  • 18 March 2021 12:49 am

    USD Drops Following Release of Federal Reserve Statement

    The U.S. Dollar (USD) fell sharply following the release of the Federal Reserve policy statement, after moving within in a tight range, mostly in the positive territory, ahead of the release of the statement and the first quarterly expectations for the American economy this year. With many investors looking to …

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  • 18 March 2021 12:34 am

    What is the Federal Reserve Expecting for the American Economy in 2021?

    The U.S. Federal Reserve has decided on Wednesday to maintain its main rate unchanged near 0%, as well as the current pace of asset purchases at $120 billion per month until the maximum employment and 2% inflation targets are achieved. The Fed’s policy statement, which was released following the two-day …

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  • 17 March 2021 11:30 pm

    Fed Vows to Maintain Interest Rates and Asset Purchases

    The United States Federal Reserve has decided on Wednesday to maintain interest rates unchanged, keeping the target range for the federal funds rate at 0-0.25%. In addition, the Federal Reserve will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage‑backed …

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  • 17 March 2021 10:01 pm

    Federal Reserve Maintains Interest Rates Unchanged

    The United States Federal Reserve announced on Wednesday to maintain main interest rates unchanged at their historically low levels, following a two-day meeting that was concluded earlier today.

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  • 17 March 2021 9:45 pm

    European Stocks Close Mostly Lower Ahead of Fed Statement

    European stocks finished lower on Wednesday with investors awaiting the outcome of the U.S. Federal Reserve policy meeting later today. The STOXX Europe 600 index declined by 0.41% and closed at 425.08 points, with the mining sector leading the decline and losing 1.9%, while the auto sector continued to make …

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  • 17 March 2021 9:23 pm

    AUD/USD Maintains Losses for Fourth Day

    The Australian Dollar (AUD) on Wednesday continues to decline for the fourth consecutive day against the U.S. Dollar (USD) ahead of the release of the U.S. Federal Reserve policy statement. Recently issued minutes of the latest policy meeting by the Reserve Bank of Australia (RBA) showed various concerns about the …

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  • 17 March 2021 7:54 pm

    Wall Street Mostly Lower at Early Trade

    The main indices of the New York Stock Exchange (NYSE) are showing a mixed performance during Wednesday’s trading session. Rising Treasury bond yields ahead of the release of the Federal Reserve second policy statement this year are increasing selling pressures in Wall Street. The Dow Jones Industrial Average is up …

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  • 17 March 2021 7:41 pm

    U.S. Oil Inventories Rise 2.4 M Barrels in Week

    Crude oil inventories in the United States increased by about 2.4 million barrels last week, according to the weekly report of the U.S. Energy Information Administration (EIA). Oil stockpiles totaled 500.8 million barrels for the week ending March 12, 2021. Meanwhile, gasoline inventories increased by 0.5 million barrels, while distillate …

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  • 17 March 2021 6:35 pm

    Fed: Forecast From 5 Major Banks

    The Federal Reserve is set to leave its policy unchanged but publish closely-watched forecasts for growth, inflation, employment and interest rates. Markets foresee an earlier increase in borrowing costs than the Fed and fear a bump up in inflation.  Federal Reserve Chair Jerome Powell will hold a press conference at …

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  • 17 March 2021 5:59 pm

    Eurozone Govt Bond Trading, Issuance Jumped in 2020

    A report by the Federation of Financial Markets in Europe said that the volume of trading in European government bonds increased to the highest level in five years in 2020. Added that the average annual trading volume increased 0.9% year-on-year to 71.7 billion euros last year, the highest since 2015. …

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  • 17 March 2021 5:15 pm

    Canada: Annual CPI Edges Higher to 1.1% in February

    Inflation in Canada, as measured by the Consumer Price Index (CPI), was 0.5% in February, the data published by Statistics Canada showed on Wednesday. On a yearly basis, the CPI edged higher to 1.1% from 1% but fell short of the market expectation of 1.3%. Moreover, the Bank of Canada’s …

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  • 17 March 2021 4:56 pm

    US: Housing Starts Decline by 10.3% in February

    Housing Starts in the US declined by 10.3% on a monthly basis in February following January’s 5.1% decline, the data published jointly by the US Census Bureau and the US Department of Housing and Urban Development showed on Wednesday. Further details of the publication revealed that Building Permits fell by …

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  • 17 March 2021 4:00 pm

    Currencies Overview: Dollar Rising as Bond Yields Rise Ahead of FED

    The US dollar rose on Wednesday, March 17th and 10-year Treasury yields approached a 13-month peak ahead of the US Federal Reserve meeting that may shed some light on the timing of future interest rate hikes and the bank’s tolerance for higher yields. Policymakers are expected to release forecasts for …

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