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Market Analysis

January, 2021

  • 22 January 2021 3:14 am

    Wall Street Closes Mixed but Maintains Some Record Levels

    The New York Stock Exchange (NYSE) ended Thursday trading session on a mixed note, with Wall Street continuing to show a mostly positive reaction one day after the inauguration of President Joe Biden as the 46th President of the United States. The Dow Jones Industrial Average lost 12 points to …

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  • 22 January 2021 3:07 am

    Oil Futures Close Thursday on Mixed Note

    Oil prices showed a mixed performance on Thursday, following the release of the American Petroleum Institute’s (API) weekly report that showed an unexpected rise in crude inventories in the United States. Accordingly, the U.S. benchmark West Texas Intermediate (WTI) crude futures for March delivery declined by 18 cents, or 0.3%, …

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  • 22 January 2021 3:03 am

    Gold Closes on Marginal Losses

    Gold prices declined marginally on Thursday, after closing yesterday at their highest level in about two weeks. This comes despite the continuous retreat of the U.S. Dollar (USD) amid expectations for increased government stimulus by the new Biden administration in the United States. Gold futures for February delivery lost 60 …

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  • 22 January 2021 1:19 am

    USD Declines for Third Day in Row

    The U.S. Dollar (USD) declined on Thursday for the third consecutive session, with investors moving towards other currencies. This comes amid increased hopes for economic recovery amid the rollout of vaccines and the expansion of government stimulus in the United States, both of which has been promised by the new …

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  • 21 January 2021 11:05 pm

    Bitcoin Losses Continue Amid Strong Selling Pressure

    Bitcoin continues to decline on Thursday, for the second consecutive day, amid strong selling pressures. The biggest digital currency in the world has lost more than 9% over the past 24 hours, extending its losses over the past seven days to about 19.5%. Bitcoin, the largest cryptocurrency in terms of …

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  • 21 January 2021 10:55 pm

    European Stocks Close Mixed Following ECB Meeting

    European stocks closed Thursday on a mixed note, following the European Central Bank’s (ECB) latest policy meeting in which it decided to maintain interest rates unchanged. The pan-European STOXX 600 index finished higher by 0.15%. Meanwhile, the French benchmark index CAC40 and the German DAX closed lower by 0.67% and …

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  • 21 January 2021 10:14 pm

    GBP Rises on Positive BoE Expectations

    The British Pound (GBP) is showing a positive performance on Thursday supported by recent remarks by the Bank of England (BoE) Governor Andrew Bailey that suggested the United Kingdom’s (UK) economy will strongly recover from the Coronavirus pandemic thanks to vaccination. “I really do think that we are going to …

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  • 21 January 2021 9:41 pm

    Oil Prices Decline on Sudden Rise in U.S. Inventories

    Oil prices declined on Thursday following the release of inventory data in the United States, despite continuous hopes for increased government stimulus spending in the U.S. Crude oil inventories in the United States increased by 2.6 million barrels last week, against market expectations for another decline, according to the weekly …

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  • 21 January 2021 7:51 pm

    European Consumer Confidence Decline More than Expected

    Consumer confidence in the Eurozone declined more than expected in January, as shown by a preliminary reading from the European Commission. On Thursday, survey results showed that the flash consumer confidence index decreased to -15.5 this month from -13.9 in December. Consumer confidence in the European Union (EU) fell to …

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  • 21 January 2021 5:59 pm

    ECB Press Conference: Lagarde’s Remarks Highlights

    The European Central Bank (ECB) decided to leave key rates and the size of its Pandemic Emergency Purchase Programme (PEPP) at the end of its monetary policy meeting held this Thursday. Highlights Quotes“Pandemic poses serious risks; vaccination important milestone.”“New surge in infections, restrictions are disrupting.”“Services severely curbed.”“Economy likely contracted in Q4; …

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  • 21 January 2021 5:32 pm

    ECB Press Conference: Lagarde Speech Live Stream – January 21

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  • 21 January 2021 4:59 pm

    ECB Leaves Key Rates Unchanged

    the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on its main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively. The European Central Bank boosted its massive stimulus program in …

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  • 21 January 2021 4:31 pm

    Japan’s Exports Record The First Annual Increase in Two Years

    Government data revealed that Japanese exports rose for the first time in two years in December, driven by shipments to China, providing a glimmer of hope for policymakers who are counting on an export-led recovery amid an increase in coronavirus cases. A recovery in exports may ease the risk of …

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