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Market Analysis

January, 2021

  • 11 January 2021 8:12 pm

    Fed Expecting to Hike Rates in 2023

    Investors seem to be expecting the United States Federal Reserve to maintain the historically low interest rates for two and a half more years, Reuters reported. It is now expected that an interest rate hike could take place by the second half (H2) of 2023, supported by increased government stimulus …

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  • 11 January 2021 6:50 pm

    Currencies Overview: Euro Falling to Lowest Level in Three Weeks

    The dollar rose Monday, January 11th, with the rise in US Treasury yields and expectations of more fiscal stimulus, which pushed the US currency to rise against its competitors, while the euro fell to its lowest level in three weeks. US President-elect Joe Biden, who takes office on January 20 …

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  • 11 January 2021 5:06 pm

    Twitter Shares Are Down 8% in Germany After Trump’s Account is Suspended

    Twitter-listed shares in Germany tumbled 8% in the first session of the week after the company permanently suspended the account of US President Donald Trump on Friday evening. The company said that the suspension of Trump’s account, which has more than 88 million followers, came due to the risk of …

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  • 11 January 2021 4:09 pm

    Wall Street Abandon Sanctioned Chinese Shares

    Wall Street firms operating in Hong Kong have indicated that they will reduce their exposure to Chinese companies included in a US ban on investing in companies that Washington considers linked to the Chinese military before the rules come into effect later Monday. Goldman Sachs, JP Morgan and Morgan Stanley …

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  • 11 January 2021 3:12 pm

    Eurozone Sentix Investor Confidence Beats Estimates With 1.3 in Jan

    Eurozone’s investor morale jumped more-than-expected in January, the latest data published by the Sentix research group showed on Monday. The gauge came in at 1.3 in January from -2.7 in December vs. a reading of 0.7 expected. 

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  • 11 January 2021 2:45 pm

    Oil Prices Fell Due to Renewed Coronavirus Fears

    Brent crude prices fell, a dollar per barrel, on Monday, January 11, as they were affected by renewed concerns about global demand for fuel in light of strict lockdown measures aimed at combating the spread of the Coronavirus in Europe and new restrictions on movement in China, the second-largest consumer …

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  • 11 January 2021 2:38 pm

    European Shares Down on Lower Commodities And Virus Concerns

    European stocks retreated from a more than ten-month peak Monday (January 11th) as investors reaped profits after a strong week while increasing coronavirus cases on the continent and mainland China pushed energy and mining shares lower. The European Stoxx600 index was down 0.1%. The German index lost 0.4% and the …

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  • 11 January 2021 1:33 pm

    The unemployment Rate in Turkey Stabilized at 12.7% in October

    Official data showed that the unemployment rate in Turkey stabilized at 12.7% in October, unchanged from a month ago, while the labour force participation rate fell to 50%. The unemployment rate was 13.4% a year ago. During 2020, the rate remained low due to the ban on layoffs during the …

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  • 11 January 2021 1:30 pm

    The Turkish Lira Drops More Than 2% With the Rise of The US Dollar

    The Turkish lira fell more than 2% against the dollar, with continued gains in the US currency amid hopes of further stimulus for the US economy. The lira was at 7.47 against the dollar, compared to Friday’s closing level of 7.3550. Earlier, the pound had fallen about 2.2% to 7.52 …

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  • 11 January 2021 12:32 pm

    Gold Falls With The Rise of US Dollar And Pressure From Treasury Yields

    Gold fell on Monday, January 11th, to touch its lowest level in six weeks earlier in the session, as prices remain under pressure due to the rise in the dollar and US Treasury yields. Gold fell in immediate transactions 1.7% to $1816.53 an ounce, its lowest level since the second …

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  • 11 January 2021 3:09 am

    Weekly Recap – Jan 4-8

    The year 2020 is over, and many hopes that the pandemic will end as well, but the economic impact of the Corona pandemic continues with the lockdowns in most major economies, the path back to pre-pandemic levels is an unpaved road. The greenback is showing some stability with hopes for …

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  • 8 January 2021 11:43 pm

    Oil Prices Extends Weekly Gains on Friday

    Oil prices continued to be supported by the recent OPEC+ agreement to reduce output, led by Saudi Arabia, and the huge decline in crude inventories in the United States. Brent crude futures for March delivery rose by $1.61, or 3%, to finish the week at $55.99 per barrel, extending its …

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  • 8 January 2021 11:30 pm

    Gold Turns to Weekly Losses

    Gold prices declined on Friday, seeing their worst daily losses since last November, amid another surge in U.S. Treasury yields and the rebound of the U.S. Dollar (USD). Gold futures for February delivery dropped by $78.20, or 4.1%, and finished at $1,835.40 per ounce. Giving up the $1,900 mark, this …

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