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Market Analysis

January, 2021

  • 7 January 2021 8:42 pm

    Facebook and Instagram to Block Trump’s Accounts for Two Weeks

    Social media platforms, Facebook and Instagram, will impose a suspension on the official accounts of the President of the United States, Donald Trump, for at least two weeks, until the end of his presidency term, the CEO of Facebook Inc. Mark Zuckerberg revealed. This comes after Facebook and Instagram, as …

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  • 7 January 2021 7:49 pm

    Fed’s Harker: Bond Buying to Continue until 2022

    The President of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Thursday that he expects the United States Federal Reserve to continue with its bond buying activity at least until the end of 2021, Reuters reported. The continuity of asset purchases at the current pace depend on the …

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  • 7 January 2021 7:36 pm

    ISM Services Index Rises in December

    The activity of the services sector in the United States expanded in December, data showed on Thursday. The non-manufacturing activity index registered 57.2 in December, up from a reading of 55.9 in November, according to the Institute for Supply Management (ISM). The index came very close to its level prior …

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  • 7 January 2021 5:37 pm

    ECB Bulletin: High-frequency Indicators, Latest Survey Results Consistent With a Fall in GDP in Q4

    The European Central Bank said in a periodic economic bulletin that economic indicators for the eurozone indicate that the economy will contract in the last quarter of 2020. “Survey indicators point to a renewed contraction in an activity primarily affecting the services sector.” “Financial conditions in the euro area have …

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  • 7 January 2021 5:19 pm

    US: Challenger Job Cuts Rise to 77.03K in December

    Planned job cuts in the US-based employers rose to 77,030 in December from 64,797 in November, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

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  • 7 January 2021 5:16 pm

    Dollar Falling as Democrats Advance The Run-Off Election in Georgia

    The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater fiscal stimulus under President-elect Joe Biden. Currency markets were not affected much by the scenes of chaos in …

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  • 7 January 2021 3:40 pm

    Eurozone Preliminary CPI at -0.3% YoY in December

    According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.3% in December, missing expectations of -0.2% and -0.3% previous. The core figures came in at 0.2% in the reported month when compared to 0.2% expectations and 0.2% seen in November.

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  • 7 January 2021 2:52 pm

    Turkish Lira Rising About 1%, With The Dollar Falling to Its Lowest Level in 3 Years

    The Turkish lira rose about 1% Thursday, January 7, reaching its strongest level since August 21, as the US dollar retreated to levels not seen in nearly three years. The lira, which lost about 20% of its value last year, was at 7.25 against the dollar, up from its close …

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  • 7 January 2021 1:56 pm

    Gold Climbing as The Democratic Leadership of the US Senate Supports Stimulus Hopes

    Gold prices rose Thursday, January 7th, as a democratic sweep of the re-election in Georgia boosted expectations of additional US stimulus, although the rise in Treasury yields curbed the yellow metal to below a two-month high it reached in the previous session. Gold advanced in spot transactions to more than …

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  • 7 January 2021 1:17 pm

    Nikki Reaches a Peak of 30 Years And Financial Sector is The Top Performer

    Japanese shares closed higher on Thursday, while the Nikkei index hit a 30-year high with the support of financial stocks, as US Treasury yields rose thanks to hopes of greater stimulus following a Democratic sweep in a two-seat Senate election in Georgia. The Nikkei index closed more than 1% higher …

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  • 7 January 2021 12:31 pm

    Twitter, Facebook Lock Trump’s Accounts Amid D.C. Riots

    Twitter and Facebook have temporarily suspended the accounts of US President Donald Trump, as tech giants scrambled to counter his unfounded claims about the presidential election, amid riots in Washington D.C. Twitter withheld Trump’s three tweets and requested that they be deleted “as a result of the continuing and unprecedented …

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  • 7 January 2021 12:02 pm

    Congress Resumes Debate on Electoral College Votes After Riots

    Congress has resumed the electoral counting process to confirm President-elect Joe Biden’s victory, hours after crowds of President Donald Trump’s supporters stormed the Capitol. US House Speaker Nancy Pelosi said that House members will quickly resume counting the votes to confirm the outcome of the presidential elections after securing the …

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  • 7 January 2021 12:00 pm

    German Factory Orders Beat Estimates in Nov

    The German Factory Orders increased in November, suggesting that the manufacturing recovery in Europe’s gaining some momentum. Contracts for goods ‘Made in Germany’ came at +2.3% m-o-m vs -1.2% expected and +3.3% previous, the latest data published by the Federal Statistics Office showed on Thursday. On an annualized basis, Germany’s Industrial …

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