European stocks are heading to end the week with a cautious performance, as the prospect of tighter lockdown measures in Germany and France, as well as new restrictions to combat COVID-19 in China, dampen optimism about the global economic recovery. The pan-European STOXX 600 index fell 0.5%, heading to close …
Read More »Dow Jones Pulls Back From Record High as Tech Selloff and Rising Oil Prices Rattle Markets
The Dow Jones Industrial Average briefly reached a new all-time high on Tuesday before giving up its…
Gold Rebounds as Central Bank Buying Strengthens Long-Term Support
Gold prices recovered on Tuesday after an early decline, with the precious metal regaining momentum …
AI Chip Rally Returns as Oil Prices Retreat: Can the Technology Boom Keep Driving Global Markets?
Semiconductor Stocks Regain Momentum After a Brief PullbackTechnology shares bounced back strongly a…
Japanese Yen Slides Toward 40-Year Lows as Markets Doubt Immediate Government Action
The Japanese Yen came under renewed selling pressure at the start of the week, pushing the US Dollar…
A New Trading Week: Why Are Markets on Edge?
The trading week of July 6–10, 2026 is shaping up to be one of the most complex of the summer, combi…
June ISM Services PMI Points to Cooling Business Activity in the US
The US services sector continued to expand in June, although growth eased slightly from the previous…
Dollar’s Cautious Climb Signals Bigger Moves Ahead as Fed Decision Looms
The US dollar is edging higher today, posting modest gains that reflect a mood of cautious optimism …
Oil Prices Rise as Weak US Jobs Data and Middle East Tensions Boost Market Sentiment
Crude Oil Rebounds as Dollar WeakensOil prices moved higher on Friday, recovering part of their rece…
Euro Struggles to Build Momentum as Markets Reassess Fed and ECB Rate Outlook
The euro posted modest gains against the US dollar on Friday but struggled to extend its advance as …
Market Analysis
January, 2021
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15 January 2021 12:49 pm
Oil Declining in Light of General Isolation Measures in China And US Unemployment Data
Oil prices plunged as fears about Chinese cities being subjected to general isolation measures due to the outbreak of the Coronavirus curbed a rally driven by strong import data from the world’s largest crude consumer and US plans for a stimulus package. Brent fell 46 cents, or 0.8%, to $ …
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15 January 2021 2:39 am
Fed’s Powell Vows to Continue Easing until Economy Recovers
The Chairman of the United States Federal Reserve, Jerome Powell, said on Thursday that the Fed will continue its easing policy, keeping interest rates at record low levels for the foreseeable future, until the American economy recovers from the impact of the Coronavirus pandemic. “When the time comes to raise …
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15 January 2021 2:28 am
Oil Closes Higher and WTI Finishes at Highest Level in 11 Months
Oil prices returned to gains on Thursday, finishing higher on the back of the rollout of Coronavirus vaccines and positive sentiment towards the expected increase in government stimulus spending in the United States as planned by the new administration. Brent crude futures for March delivery gained 36 cents, or 0.6%, to …
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15 January 2021 2:19 am
Gold Closes Lower as Treasury Yields Rise
Gold prices declined on Thursday as the Treasury yields in the United States continued to rise and with the U.S. Dollar (USD) showing some rebound signs. The yellow metal futures for February delivery closed lower by $3.50, or 0.2%, at $1,851.40 per ounce. Meanwhile, silver futures for March delivery gained 23 …
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14 January 2021 11:07 pm
European Stocks Finish Higher for Third Day
European stocks closed higher on Thursday, registering gains for the third consecutive session, supported by the gains of the tech and travel sectors and a positive sentiment towards the anticipated rise in stimulus spending by the new administration in the United States. The pan-European STOXX 600 index finished higher by …
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14 January 2021 10:31 pm
U.S. Business Starts Fall 28.5% in Q4 of 2020
The United States economy continues to be affected by the Coronavirus pandemic, as evident by the decline in applications to start new businesses by 28.5% during the fourth quarter (Q4) of 2020, Reuters reported. Data by the U.S. Department of Commerce said on Thursday that applications to start new businesses …
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14 January 2021 10:26 pm
U.S. Consumer Sentiment Hits Six-Month Low: Bloomberg
Consumer sentiment in the United States fell last week its lowest level in six months, data showed on Thursday. The Bloomberg Consumer Comfort Index declined by 1.2 points to 43.2 points. This the eighth consecutive decline in the index, which is now 6.6 points below its level in mid-November in …
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14 January 2021 9:37 pm
U.S. Adds Chinese Oil Giant CNOOC to Blacklist
The United States Department of Commerce added on Thursday China National Offshore Oil Corporation (CNOOC) to its blacklist due to belligerent actions in the South China Sea, AFP reported. Accordingly, S&P Dow Jones indices has to de-list the company. “China’s reckless and belligerent actions in the South China Sea and …
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14 January 2021 7:55 pm
ECB President Calls for Regulating Bitcoin
There is a need for the global regulation of Bitcoin, according to the President of the European Central Bank (ECB), Christine Lagarde, Reuters reported. Lagarde believes that global cooperation is needed to stand in the face of what she called funny business and money laundering using the cryptocurrency, which she …
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14 January 2021 7:00 pm
Fed’s Rosengren: Economy Facing Weakness Risk in Coming Months
The United State economy is facing the risk of significant weakness during the coming months until Coronavirus vaccines are distributed, said the President of the Federal Reserve Bank of Boston, Eric Rosengren. “I am expecting that the labor market is going to be stagnant for the next couple months until …
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14 January 2021 5:54 pm
OPEC Leaves 2021 Global Oil Demand Growth Forecast Unchanged at 5.9 Million bpd
The Organization of the Petroleum Exporting Countries (OPEC) left its forecast for global oil demand growth in 2021 unchanged at 5.9 million barrels per day in its latest monthly report, per Reuters. “US shale supply outlook is now slightly more optimistic with rising oil prices, the output is seen recovering …
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14 January 2021 5:49 pm
US: Weekly Initial Jobless Claims Rise to 965K
There were 965,000 initial claims for unemployment benefits in the US during the week ending January 9, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed the previous print of 784,000 and came in worse than the market expectation of 795,000.
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