The U.S. Dollar (USD) is maintaining its gains against the Canadian Dollar (CAD) on Wednesday, despite the latter being supported by a rise in oil prices on the back of a large drop in crude stockpiles in the United States. The USD/CAD pair is up for the day by 0.55% …
Read More »UK Borrowing Surges Past Forecasts as Inflation Hits Debt Costs
Key Takeaways May’s budget deficit hit £23.3 billion, up 30% year-on-year and well above the £…
Oil Holds Near $80 as U.S.-Iran Talks Collapse, Testing Fragile Truce
Key Takeaways Friday’s U.S.-Iran nuclear talks in Geneva were postponed after VP JD Vance scra…
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…
Market Analysis
January, 2021
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27 January 2021 9:20 pm
U.S. Crude Oil Inventories Show Surprise Drop
Crude oil inventories in the United States declined more than expected last week, the weekly report by the U.S. Energy Information Adminstration (EIA) showed on Wednesday. Oil stockpiles in the U.S. fell by 9.91 million barrels, against market expectations of a 400,000-barrel increase. Gasoline inventories increased by 2.47 million barrels …
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27 January 2021 8:37 pm
European Stocks Decline Ahead of Fed Decision
European stocks declined on Wednesday, amid reduced risk appetite among investors in anticipation of the United States Federal Reserve policy decision. The pan-European STOXX 600 index fell by 1.20%, with the telecom sector leading the decline and falling by 2.9%. The French CAC40 plummeted by 1.29%, while the German DAX …
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27 January 2021 7:58 pm
What to Expect from the Fed’s January Meeting?
The Untied States Federal Reserve is highly expected to maintain interest rates unchanged during its January meeting, which concludes later on Wednesday. The two-day meeting is also expected to maintain the current pace of asset purchases. Furthermore, the Fed will surely reiterate its commitment to supporting the American economy until …
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27 January 2021 7:32 pm
Germany Sees Economy Growing by 3% in 2021
The German government revised its expectations for economic growth in 2021 downwards to 3%, down from a previously estimated growth rate of 4.4%. Another lockdown as part of the preventive measures against the spread of the Coronavirus pandemic has left its toll on the biggest economy in Europe, as shown …
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27 January 2021 6:26 pm
USD Rises Ahead of Fed’s Policy Statement
The U.S. Dollar (USD) rose on Wednesday, following the release of positive economic data that showed a rise in durable goods orders in December. The rise of the USD also comes amid anticipation for the outcomes of the Federal Reserve policy meeting, which is expected maintain interest rates unchanged near …
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27 January 2021 5:45 pm
US: Durable Goods Orders Rise by 0.2% in December
Durable Goods Orders in the United States rose by 0.2%, or $0.4 billion, to $254.3 billion in December, the data published by the US Census Bureau showed on Wednesday. This reading followed November’s increase of 1.2% and missed the market expectation of 0.9%.
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27 January 2021 5:35 pm
GBP/USD Retreats Further Ahead of FOMC
GBP/USD continued its corrective slide from several-month highs, and reached its daily low, with a target of 1.3700. After optimism about the launch of Covid 19 vaccines and hopes for a global economic recovery faded, along with doubts about the timing of the US stimulus plan, all this affected the …
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27 January 2021 4:20 pm
Germany’s Economic Institute DIW: Economy Likely to Contract 3% in Q1 2021
Germany, Europe’s largest economy probably contracted by 3% in the January to March period, the latest forecasts published by Germany’s economic institute DIW showed on Wednesday.
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27 January 2021 4:18 pm
AstraZeneca Pulls Out From Meeting With EU on Vaccine Supplies – Reuters
AstraZeneca has pulled out from the meeting with the European Union officials on coronavirus vaccine supplies that was scheduled to take place on Wednesday, Reuters reported, citing an EU official familiar with the matter.
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27 January 2021 3:27 pm
Currencies Overview: Dollar Rallied in Contrast to Euro Before The US Fed Meeting
The dollar rose against a basket of currencies on Wednesday, January 27th, as markets awaited comments by US Federal Reserve Chairman Jerome Powell, who is likely to renew his commitment to a super-easing policy. The dollar compensated for declines against riskier currencies, even as hopes for a pandemic recovery received …
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27 January 2021 2:14 pm
European Stocks Fall Despite Earnings Results
European stocks fell on Wednesday under the weight of fears of a slow economic recovery while most investors were reluctant to take positions ahead of the US Federal Reserve’s decision on monetary policy. The European Stoxx600 index fell 0.4% in early trade after losses in Asian markets and Wall Street. …
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27 January 2021 1:35 pm
Oil Rises With The Decline in US Stocks And New Cases of Covid in China
Oil prices rose on Wednesday, January 27, after data for the sector showed that US crude inventories fell unexpectedly last week, and China, the second-largest consumer of oil in the world, recorded the lowest daily level of increase in cases of Covid-19 in more than two weeks. Brent crude futures …
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