German industrial production remained unchanged in December, in light of the comprehensive closures imposed at home and abroad to contain the Covid-19 pandemic, which curbed the export-oriented manufacturing sector in the largest European economy. This follows a 1.5% growth in the previous month, according to figures released by the Federal …
Read More »Yen Nears 40-Year Low as Dollar Holds Firm on Hawkish Fed, Iran Uncertainty
Key Takeaways USD/JPY hit 161.8, closing in on 1986 levels, with traders watching for possible Japan…
Bitcoin Slides Toward Weekly Loss as Fed Hawkishness, Iran Talks Collapse Hit Risk Appetite
Key Takeaways Bitcoin fell 2% to $62,687.6, on track for a 2.8% weekly loss. Spot Bitcoin ETFs saw a…
European Stocks Eke Out Gains as Fragile Iran Truce Meets Hawkish Fed
Key Takeaways The STOXX 600 rose 0.2%, with the DAX up 0.4%, CAC 40 up 0.3%, and FTSE 100 up 0.1%. E…
Dollar Holds Near 13-Month High as Hawkish Fed Meets Iran Talks Collapse
Key Takeaways The U.S. Dollar Index hit its highest level since mid-May 2025, up 0.1% Friday after a…
U.S.-Iran Nuclear Talks Collapse as Vance Pulls Out of Geneva Summit
Key Takeaways Friday’s U.S.-Iran nuclear talks in Geneva were postponed after VP JD Vance scra…
Oil Bounces But Heads for 8% Weekly Crash as Geneva Talks Suspended: Israeli Strikes Cast Shadow Over Fragile Deal
Key Takeaways Brutal weekly loss: Both benchmarks set for nearly 8% weekly declines, trading near th…
Gold Heads for Third Straight Weekly Loss as Dollar Hits 13-Month High
Key Takeaways Gold extends losses: Spot gold fell 1.8% to $4,134.86 per ounce, while gold futures sl…
Bitcoin Under Pressure as Global Monetary Shifts Shake Investor Confidence
Cryptocurrencies face growing headwinds from central banks, capital rotation, and weak market sentim…
SpaceX Caps Off a Landmark Week With Major Launches, Bold Acquisitions, and Market Volatility
Historic Stretch for the Aerospace and Technology GiantSpaceX has concluded one of the most remarkab…
Tech Surge Revives Risk Appetite on Wall Street After Midweek Jitters
U.S. stocks finished a shortened trading week on a positive note, rebounding from the previous sessi…
Market Analysis
February, 2021
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8 February 2021 2:18 pm
Technology Stocks in Europe Rise led by Dialog
European stocks rose, after achieving their best weekly gains in nearly three months, as Dialog Semiconductor boosted the technology sector, while hopes for a faster economic recovery continued on the back of the global distribution of vaccines. Renesas Electronics and Dialog said they had agreed that the Japanese chipmaker would …
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8 February 2021 1:28 pm
Gold Rises on Dollar’s Fall and US Stimulus Hopes
Gold prices rose, as weak US jobs data boosted hopes of more fiscal stimulus and put pressure on the dollar, although the rise in treasury instrument yields limited the metal’s gains. The spot price of gold was 0.1% up to $ 1813.96 an ounce. US gold futures rose 0.1% to …
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8 February 2021 12:43 pm
Brent Hits $60 on Supply Cuts And Stimulus Hopes
Oil prices rose to their highest levels in just over a year, with Brent crude futures exceeding $60 a barrel, supported by supply cuts from major producers and hopes for more US economic stimulus measures to support demand. Brent crude for April delivery touched $60.06 a barrel, its peak since …
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6 February 2021 2:14 am
Oil Prices Closes Higher and Extend Large Weekly Gains
Oil prices rose on Friday, extending their weekly gains, most of which came on the back of the commitment of the OPEC+ alliance to the agreed-upon production cuts. This week, oil prices kept rising to new highs not seen in a year. Brent crude futures for April delivery rose by …
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6 February 2021 12:22 am
Silver Overcomes Losses and Ends the Week Higher
Silver prices rose on Friday, ending a turbulent week for the metal that began with silver futures rising to their highest level since 2013, before dropping by more than 10% on Tuesday. Today, silver futures for March delivery gained 79 cents, or 3%, to finish at $27.019 per ounce. For …
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6 February 2021 12:20 am
Gold Returns to Weekly Losses
Gold prices rose on Friday, supported by weak employment data in the United States and the anticipation for the passing of a new $1.9 trillion relief bill. In addition, the decline of the U.S. Dollar (USD) across the board helped provide support for gold. Today’s rise helped the yellow metal …
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5 February 2021 11:38 pm
U.S. Oil Rig Count Rises for 11th Week in Row
The number of active rigs drilling for crude oil and natural gas in the United States increased by 8 this week, according to the weekly reported released by Baker Hughes on Friday. The total rig count currently stands at 392, less by 398 rigs compared with the same time of …
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5 February 2021 9:18 pm
European Stocks Close Mixed but Rise for the Week
European stocks closed mixed on Friday, amid anticipation for a wider rollout of Coronavirus vaccines. The pan-continental STOXX Europe 600 index closed unchanged, but logged weekly gains of 3.45%, supported by the improved risk sentiment that helped Wall Street score new record highs, as well as the positive performance by …
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5 February 2021 9:13 pm
Canadian Dollar Rises Despite Negative Data
The Canadian Dollar (CAD) is rising against the declining U.S. Dollar (USD) on Friday, despite data showing that the Canadian economy continues to be impacted by the Coronavirus pandemic. Canada’s Ivey Purchasing Managers Index (PMI) rose last month, but remained below the 50-point mark, which signaled contraction for the second …
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5 February 2021 9:09 pm
U.S. Dollar Declines Across the Board
The U.S. Dollar (USD) declined on Friday, nearing to end the week on a negative note as the United States Congress nears the passing of the $1.9 trillion relief bill, proposed by President Joe Biden. The Dollar Index (DXY), which measures the performance of the greenback against a basket of …
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5 February 2021 7:50 pm
Canada’s Ivey PMI Rises in January but Shows Contraction
Economic activity in Canada continued to contract during January for the second consecutive month, data showed on Friday. Although the seasonally adjusted Ivey Purchasing Managers Index (PMI) increased to a reading of 48.4 last month, from 46.7 in December, it remained below the 50 mark that indicates expansion. The Ivey …
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5 February 2021 5:59 pm
Canada: Unemployment Rate Rises to 9.4% in January
The Unemployment Rate in Canada rose to 9.4% in January from 8.8% (revised from 8.6%) in December with the Net Change in Employment declining more than 212,000 (vs -47.5K expected), the data published by Statistics Canada revealed on Friday. This reading came in worse than the market expectation of 8.9%.
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