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Market Analysis

January, 2021

  • 4 January 2021 4:38 pm

    Reuters: Most OPEC+ Experts Are Against Increasing Oil Production From February

    OPEC

    Three OPEC+ sources told Reuters on Monday that most of the group’s experts expressed their opposition to increasing oil production by half a million barrels per day from February at the Joint Technical Committee meeting on Sunday.

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  • 4 January 2021 4:05 pm

    Bitcoin Continues to Losses, dropping 12% to $ 28,700

    Bitcoin fell 12% today, Monday, to $ 27,750, to continue the decline after achieving unprecedented gains at the start of the new year. The most popular cryptocurrency in the world increased to more than $ 30,000 for the first time on Saturday, and touched a record high of $34,800 the …

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  • 4 January 2021 3:15 pm

    US Dollar Declining Due to Investor Risk Appetite

    Today, Monday, the US dollar sat near its low level in mid-2018, after the optimism in global markets prompted investors to buy high-risk currencies such as the Chinese yuan, despite a renewed rise in infections due to the Corona virus pandemic. The dollar has taken a declining path due to …

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  • 4 January 2021 2:36 pm

    Inflation in Turkey Rose to 14.6% in December

    The Turkish Statistical Institute data revealed on Monday that the inflation rate rose more than expected to 14.6% year on year in December, keeping pressure on the central bank to tighten monetary policy. On a monthly basis, the consumer price index rose 1.25% in December. A Reuters poll predicted that …

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  • 4 January 2021 1:57 pm

    UK Final Manufacturing PMI Beats Estimates in December

    The UK manufacturing sector activity improved more-than-expected in the month of December, the final report from IHS Markit confirmed on Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) was revised higher to 57.5 in December versus 57.3 expected and 57.3 first readout.

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  • 4 January 2021 1:41 pm

    Oil Prices Touching Highest Level in Several Months

    Oil prices touched a multi-month high on Monday, thanks to expectations that OPEC and allied producers may restrict production at current levels in February as the coronavirus pandemic keeps first-half demand concerns high. Prices rose in line with the financial markets in general, while Brent crude reached $ 53.17 a …

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  • 4 January 2021 12:52 pm

    Gold at an 8-Week High Due to Concerns About More Restrictions Due to Coronavirus

    Gold prices began the new year at a high level and rose to a peak of eight weeks Monday, as gold’s appeal as a safe haven was strengthened by the increase in COVID-19 infections and the possibility of tighter restrictions imposed to contain the pandemic. And gold rose in the …

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  • 4 January 2021 12:34 pm

    Japan Stocks Start The Year With a Drop and Tokyo Awaiting The Declaration of a State of Emergency

    Japan shares closed lower on Monday after Prime Minister Yoshihide Suga said he was considering declaring a state of emergency in Tokyo and surrounding areas to contain the spike in coronavirus infections domestically. The Nikkei index fell 0.68% to 27,258.38 points on its first trading day in 2021, its biggest …

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  • 1 January 2021 1:56 am

    Gold Rises by 25% in 2020

    Gold futures rose on Thursday, finishing a year of strong gains that came on the back of increased demand for the safe haven amid the Coronavirus pandemic and the decline of the US Dollar (USD). Gold futures for February delivery rose by $1.70, or 0.1%, failing to close above $1,900, …

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December, 2020

  • 31 December 2020 11:57 pm

    NYSE Finishing 2020 with Mostly Large Gains

    The main indices of the New York Stock Exchange (NYSE) are ending 2020 on a positive note, supported by the recently approved government stimulus package as well as the rollout of Coronavirus vaccines. Investors are optimistic about the prospects of an economic recovery in 2021 and this has provided strong …

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  • 31 December 2020 11:43 pm

    US Treasury Yields Decline on Thursday

    Treasury yields in the United States declined on Thursday, the last trading session of 2020. The 10-year Treasury note yield decreased by one basis point to 0.916%. Return on the 30-year bond went down by 1.4 basis points to 1.648%. Meanwhile, the two-year note yield fell by 0.4 basis point …

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  • 31 December 2020 11:27 pm

    USD Ending Worst Year Since 2017

    The US Dollar (USD) is ending 2020 as its worst year since 2017, amid expectations that increased government stimulus and the easing policies of the United States Federal Reserve will further weaken the greenback in 2021. However, the USD is rising on Thursday supported by the decline in jobless claims. …

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  • 31 December 2020 10:46 pm

    Oil Closing the Year with 20% Losses

    Oil prices are declining on Thursday, the last session of 2020, a year in which crude futures lost more than 20% of their trading value. The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in years amid a decline in demand for …

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