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Market Analysis

March, 2021

  • 8 March 2021 11:41 pm

    Gold Settles at Lowest Level in Nearly a Year

    Gold prices declined on Monday to their lowest level in about a year, as the U.S Dollar (USD) and Treasury bond yields continued to rise strongly, supported by expectations of economic recovery, especially after the Senate passed the $1.9 trillion stimulus package. The yellow metal futures for April delivery dropped …

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  • 8 March 2021 11:33 pm

    U.S. Congress Questions Facebook’s Advertising Policy

    The United States House of Representatives on Monday questioned the CEO of Facebook, Mark Zuckerberg, about the social network’s policies regarding ads directed towards gun accessories and protective equipment, Reuters reported. The claim is that ads about weapons were placed next to content that amplified election misinformation and news about …

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  • 8 March 2021 10:50 pm

    USD Surges to Highest Level in Three Months

    The U.S. Dollar (USD) rose on Monday, reaching its highest level in three and a half months, supported by higher demand due to the increasing Treasury bond yields. The Dollar Index (DXY), which measures the USD’s performance against a basket of six major international currencies, is up by 0.35% at …

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  • 8 March 2021 9:26 pm

    European Stocks Finish Monday with Strong Gains

    European shares finished Monday higher, opening the second week of March with a positive performance, as investor’s sentiment improved on the back of positive expectations of economic recovery, following the passing of the huge stimulus bill in the United States by the Senate. The STOXX Europe 600 index closed up …

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  • 8 March 2021 9:10 pm

    Yellen: Relief Bill to Fuel Strong Growth

    The United States Secretary of the Treasury, Janet Yellen, said on Monday that the $1.9 trillion relief bill will strongly help economic recovery from the impact of the Coronavirus pandemic, Reuters reported. “This is a bill that will really provide Americans the relief they need to get to the other …

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  • 8 March 2021 7:30 pm

    U.S. Wholesale Inventories Rise 1.3% in January

    Wholesale inventories in the United States increased by 1.3% in January, data by the U.S. Census Bureau showed on Monday. Inventories now stand at $661.7 billion, rising by 0.6% on an annual basis. Meanwhile, wholesalers sales recorded an adjusted rise of 4.9% in the first month of the year, amounting …

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  • 8 March 2021 4:40 pm

    Investor Confidence Jumping to a Year High in Eurozone

    Today’s survey showed that an indicator of investor confidence in the eurozone jumped in March to its highest reading in more than a year, supported by an improved outlook for the current situation. The Sentex Eurozone index rose to 5.0 from -0.2 in February, its highest level since February 2020. …

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  • 8 March 2021 3:43 pm

    Fall of The Turkish Lira Over Two-Week

    The Turkish lira fell 0.7% today, recording a decline in ten of the last eleven sessions, with high inflation, global bond yields and oil prices in a test of the central bank’s pledge to tighten monetary policy. After raising interest rates to 17% in December, Central Bank Governor Naji Iqbal …

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  • 8 March 2021 3:01 pm

    Oil And Travel Support European Stocks

    European stocks rose today to coincide with the rise of the US market at the end of trading on Friday, as shares of major oil companies such as Royal Dutch Shell and BP jumped with the rise in crude prices after reports of attacks on facilities in Saudi Arabia. The …

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  • 8 March 2021 2:26 pm

    Brent Exceeds $70 For The First Time Since The Pandemic

    Brent crude futures rose above $70 a barrel today, Monday, for the first time since the outbreak of the Covid-19 pandemic, while US crude touched its highest level in more than two years, following reports of attacks on Saudi facilities. Brent contracts for May delivery reached $71.38 a barrel in …

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  • 8 March 2021 1:31 pm

    German Industrial Output Unexpectedly Declined in January

    German industrial output fell unexpectedly in January, following a significant increase in the previous month’s reading, data released on Monday showed, predicting a weak start to the year for the manufacturing sector in Europe’s largest economy. Figures released by the Federal Statistics Office show a decline in output in the …

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  • 8 March 2021 1:11 pm

    Gold is Recovering From Its 9-Month Low on The US Stimulus And Falling Bond Yields

    Gold rebounded today from its lowest level in nine months recorded last week, with the decline in bond yields and the approval of a huge US stimulus package to increase the attractiveness of the metal as a hedging tool in the face of inflation. Gold rose in the spot market …

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  • 8 March 2021 12:32 pm

    Japan Shares Closed Lower Due to Adjusting Positions Before The End of The Fiscal Year

    Japanese stocks reversed the trend to close lower on Monday as investors sought to adjust their positions before the end of the fiscal year, while concerns over rising US bond yields weighed on sentiment. The benchmark Nikkei index fell 0.42% to close at 28,743.25 points, while the broader TOPIX index …

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