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Market Analysis

April, 2021

  • 12 April 2021 12:40 pm

    GBP/USD Jumps Back Above 1.3700 Mark

    The GBP/USD pair gained more than 50 points and rose from two-month lows to reach new highs in the 1.3720-25 areat the start of the European session. The weaker tone surrounding the US Treasury yields limited the strong gains for the US dollar, which helped the GBP/USD pair to bounce …

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  • 12 April 2021 12:25 pm

    Italy Records 331 Deaths From The Coronavirus

    The Ministry of Health said that Italy recorded 331 deaths related to the Coronavirus today, Sunday, compared to 344 the previous day, while the number of daily infections decreased to 15 thousand and 746 after it was 17,567 the previous day. Italy has recorded 114,254 deaths related to Covid-19 since …

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  • 12 April 2021 12:15 pm

    Gold Falling as Bond Yields And Dollar Rise in on Inflation

    Gold prices fell on Monday, April 12th, under pressure from rising US Treasury bond yields and the dollar, after better-than-expected US economic data increased the possibility of a rise in the rate of inflation. This fell in the spot market 0.4% to 1735.90 dollars an ounce. And gold fell in …

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  • 12 April 2021 10:12 am

    Weekly Recap: 5-9 April

    Weekly Recap: 5 – 9 April Last week was highlighted by the release of the last meeting minutes for the central banks in the United States and the Eurozone. The March meeting, which saw the United States Federal Reserve deciding to maintain its monetary policy unchanged until the American economy …

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  • 10 April 2021 2:15 am

    Why the ECB is Optimistic about Recovery in H2?

    The President of the European Central Bank (ECB), Christine Lagarde, believes that the European Union (EU) will see strong economic growth and recovery during the second half (H2) of the year. “Light is at the end of the tunnel. We can see it. It is not yet within touching distance. …

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  • 10 April 2021 1:47 am

    NYSE Logs Third Straight Weekly Rise

    The main indices of the New York Stock Exchange (NYSE) finished higher on Friday, with the Dow and the S&P 500 hitting an all-time closing high amid signs of economic recovery from the negative impacts of the Coronavirus pandemic. Despite a larger than expected rise in producers prices last month, …

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  • 10 April 2021 12:57 am

    DXY Erases Most of Its Daily Gains

    The U.S. Dollar (USD) narrowed its daily gains on Friday but remained in the positive territory against major currencies on the back of a rise in Treasury bond yields. The Dollar Index (DXY), which measures the greenback against a basket of six currencies, is up by 0.13% at 92.18, after …

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  • 10 April 2021 12:51 am

    USD/JPY Rises on Treasury Yield Gains

    The U.S. Dollar (USD) rose against the Japanese Yen (JPY) on Friday supported by the rising Treasury bond yields, The benchmark 10-year U.S. Treasury bond yield is up by about three basis points at 1.66% after declining on Thursday, amid expectations of a rise in inflation following the release of …

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  • 9 April 2021 11:00 pm

    Gold Declines to Limit Weekly Gains

    Gold prices declined on Friday, as the U.S. Dollar (USD) rose across the board supporting by rising Treasury bond yields. Today’s decline limited the yellow metal’s weekly gains Gold futures for June delivery decreased by $13.40, or 0.8%, to close at $1,744.80 per ounce. For the week, gold’s most-active contracts …

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  • 9 April 2021 10:26 pm

    European Stocks Extends Weekly Gains to Best Since November 2019

    European stocks showed  a mixed performance on Friday, but managed to lock another weekly rise to score its longest streak of weekly gains since November 2019. Positive expectations regarding economic recovery in the Eurozone weighed off concerns about the slow rollout of coronavirus vaccines. The pan-European STOXX 600 finished almost …

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  • 9 April 2021 10:03 pm

    Fed’s Kaplan to Support Policy Changes Soon

    President of the Federal Reserve Bank of Dallas Robert Kaplan said on Friday that he will support reducing the current level of support to the economy soon. “You don’t want to be preemptive, but I also don’t want to be so reactive that we are late.” Kaplan believes that as …

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  • 9 April 2021 9:00 pm

    U.S. Oil Rigs Unchanged for the Week: Baker Hughes

    The number of active rigs drilling for crude oil and natural gas in the United States increased by two this week, raising the total rig count to 432, according to data by Baker Hughes on Friday. The weekly report showed that the number of oil rigs remained unchanged at 337, …

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  • 9 April 2021 7:49 pm

    U.S. Wholesale Inventories Rise in February

    Wholesale inventories in the United States increased during February, according to data by the U.S. Department of Commerce on Friday. The initial estimate of the growth in wholesale inventories was revised upwards to 0.6%, from 0.5% estimated last month, following a 1.4% surge in January. Meanwhile, the component of wholesale …

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