The United States House of Representatives is officially moving forward with steps to pass the American Rescue Plan, the $1.9 trillion Coronavirus relief package proposed by President Joe Biden. The stimulus bill was passed through the House Budget Committee with a 19-16 vote. It includes raising unemployment insurance supplement $400 …
Read More »SpaceX Nasdaq Debut Shakes Up IPO Market and Sets New Standard for Mega Listings
The debut of SpaceX on the Nasdaq delivered a strong sense of relief across financial markets, easin…
Boston Scientific Stock Outlook: Can Analysts’ Bullish Targets Survive Ongoing Growth Concerns?
Boston Scientific has come under significant pressure in 2026, with its stock losing more than half …
Key Assets’ Outlook: Central Banks Take the Spotlight as Currency, Gold, and Oil React
Global financial markets are heading into a pivotal week, with major central bank decisions expected…
US-Iran Peace Deal Nears Finish Line as Washington Signals Hormuz Reopening
Financial markets received a major boost after a senior US official indicated that Washington and Te…
Euro Holds Firm as Markets Await Iran Decision and Key Fed Signals
The euro traded in a narrow range against the US dollar on Friday as investors remained focused on d…
New Era: What to Expect from the Federal Reserve’s Leadership Shift
The Federal Reserve is set to enter a new chapter next week as it holds its first policy meeting und…
Yen Awaits Crucial Central Bank Week as Markets Brace for BoJ and Fed Decisions
The Japanese yen remained under pressure on Friday, with the US dollar trading near 160.20 yen as in…
Gold Caught Between Diplomacy and Inflation as Traders Await Iran Breakthrough
Gold prices steadied on Friday as investors waited for greater clarity on a potential agreement betw…
Bitcoin Edges Up 0.9% for Mild Weekly Recovery: ETF Exodus Slows but SpaceX and AI Rotation Keep Crypto Capped
Key Takeaways Bitcoin rises modestly: The world’s largest crypto gained 0.9% to $63,337.8 — up…
Dollar Drifts Lower as Iran Deal Optimism and Soft Core PPI Ease Rate Fears: Euro Eyes Best Week in a Month
Key Takeaways Dollar weakens: The DXY ticked 0.1% lower in London trade, stabilizing after sliding t…
Market Analysis
February, 2021
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23 February 2021 4:37 am
UK Plans to Gradually Ease Lockdown Measures
Prime Minister of the United Kingdom (UK), Boris Johnson, revealed on Monday a plan to gradually ease the lockdown measures imposed as a precaution against the spread of the Coronavirus pandemic. In the first step, schools in England are set to reopen on March 8. In the same time, minimum …
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23 February 2021 4:27 am
BoE’s Vlieghe Doesn’t See 5% Interest Rate in His Lifetime
Gertjan Vlieghe, a member of the Bank of England’s (BoE) Monetary Policy Committee, said on Monday that he expects interest rates in the United Kingdom to remain low and not return to their levels prior to the global financial crisis in the foreseeable future. Vlieghe, who is 49 years old, …
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23 February 2021 2:54 am
Wall Street Closes Mostly Lower as Treasury Yields Rise
The New York Stock Exchange (NYSE) indices closed mostly lower on Monday, beginning the week with a mixed performance amid a rise by the U.S. Treasury yields which negatively impacted the sentiment of Wall Street investors. The Dow Jones Industrial Average finished higher by 27.37 points, or 0.1%, at 31,521.69 …
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23 February 2021 2:17 am
USD Maintains Downward Trend
The U.S. Dollar (USD) declined on Monday despite the rise in Treasury bond yields, amid expectations for economic recovery from the Coronavirus pandemic. Expectations for a surge in inflation due to the easing policies of the Federal Reserve and the expected increased stimulus spending by the Biden administration are contributing …
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23 February 2021 1:24 am
Fed’s Kaplan Expects U.S. Economy to Grow by 5% or More
President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Monday that he expects the United States economy to register a growth rate of 5% in 2021, Reuters reported. Kaplan noted that he might be underestimating the recovery of the American economy from the Coronavirus crisis. “If we …
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23 February 2021 12:58 am
Oil Prices Score Strong Gains as Winter Storm Impact Continues
Oil prices rose on Monday, reaching their highest level in about a year, with anticipation for the return of crude production and refining capacities in Texas, the United States, following the recent winter storms. Production recovery is reportedly expected to take a time longer than previously estimated. Brent crude futures …
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23 February 2021 12:45 am
Gold Returns to Gains and Restores $1,800 Level
Gold prices rose on Monday, opening the week with a positive performance and restoring the $1,800 key price level, amid expectations for a rise in inflation. In addition, the decline by the U.S. Dollar (USD) helped gold returns to gains, scoring its biggest daily rise since early January. The yellow …
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22 February 2021 10:00 pm
Yellen: Bitcoin Can Be Extremely Volatile
The United States Treasury Secretary Janet Yellen said on Monday that Bitcoin is an inefficient way of conducting transactions, pointing once again to the dangers of speculative trading of the digital currency. Remarks by Yellen came during an interview with CNBC and in line with her comments last week that …
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22 February 2021 9:30 pm
European Stocks Close Lower as Treasury Yields Rise
European stocks declined on Monday, amid a continuous rise in Treasury bond yields and expectations for a surge in inflation. The STOXX Europe 600 index fell by 0.36% to close the first session of the week at the level of 413.39 points. Meanwhile, the German benchmark index DAX closed lower …
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22 February 2021 8:52 pm
Yellen: Biden’s Plan Success Depends on Employment
The success of the American rescue plan, proposed by the United States President Joe Biden, will be evaluated based on how quickly it helps the economy return to unemployment levels as sees prior to the Coronavirus pandemic, the U.S. Treasury Secretary Janet Yellen said on Monday. Once again, Yellen said …
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22 February 2021 7:21 pm
Lagarde: ECB Closely Monitoring Bond Yields
President of the European Central Bank (ECB) Christine Lagarde told the European Parliament on Monday that the bank is closely watching bond yields to assess financing conditions in the Eurozone and economic recovery from the Coronavirus crisis, Bloomberg reported. “Within the broad-based set of indicators that we monitor to assess …
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22 February 2021 6:22 pm
Breaking: Bitcoin Collapses Below $50,000 as Selling Pressure Mounts
Bitcoin has been tumbling down since Elon Musk tweeted that its value “seems high” over the weekend. After topping $58,000 and a valuation of over $1 trillion, the most popular cryptocurrencies has collapsed over $10,000.
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