Minneapolis Fed President Neel Kashkari is seeing a lot of slack on the sidelines of the economy, with the U.S. labor market yet to recover, noting that the spread of the Coronavirus Delta variant could possibly slow the rebound. Speaking in an event in Montana on Tuesday, Kashkari reportedly said …
Read More »Inflation in Türkiye rose near 70%, recording the highest level since 2022
Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 6…
European stocks rise thanks to banking results and technology sector gains
European stocks opened higher on Friday amid a state of joy among investors with a group of strong r…
JPY is heading for its best weekly performance in more than a year, USD is declining
The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propel…
Gold heading lower for the second week ahead of US jobs data
Gold prices are heading to decline for the second week in a row, despite the stability of prices on …
April 2024 US Employment Data Projections
Today marks the eagerly anticipated release of the most crucial US employment data, the Non-Farm Pay…
Market Drivers; US Session, May 2
The US dollar was not able to sustain the initial optimism and suffered additional selling pressure …
Apple tops earnings expectations
Although Apple’s quarterly sales were 4% lower than they were a year ago, the corporation neve…
Investors’ appetite for Tech rises ahead of Apple’s earnings
Awaiting Apple’s earnings, scheduled after the bell, investors’ enthusiasm for technolog…
Bitcoin recovers after crypto washout, Fed decision
After losses during the past trading session, Bitcoin is making an attempt to recover. After plungin…
Binance founder faces prison sentence on money-laundering violation
Changpeng Zhao, the founder of Binance exchange, has been sentenced to four months in prison, a ligh…
Market Analysis
August, 2021
-
18 August 2021 12:30 am
Fed’s Powell: COVID Likely to Continue for a While
The United States Federal Reserve Chairman, Jerome Powell, said on Tuesday that the coronavirus (COVID-19) pandemic is still with us and will likely continue for a while. Powell noted that people and businesses have improvised and learned how to adapt and live their lives despite COVID in what he described …
Read More » -
17 August 2021 10:29 pm
Gold Declines as USD Strengthens Across the Board
Gold prices declined on Tuesday, registering its biggest loss since the beginning of last week, as the U.S. Dollar (USD) rose against major peers. Markets are seemingly not paying the usual attention to today’s remarks by the Chairman of the United States Federal Reserve, who spoke in an academic virtual …
Read More » -
17 August 2021 10:13 pm
European Stocks Close with Modest Gains
European stocks returned to gains on Tuesday, closing marginally higher with investors closely following recent economic data that renewed concerns over the pace of recovery with the spread of the Coronavirus Delta variant. The STOXX Europe 600 index added 0.33 points, or 0.07%, to close at 473.78 points. The healthcare …
Read More » -
17 August 2021 9:05 pm
U.S. Business Inventories Rise in June
Business inventories in the United States registered a large increase in June, the U.S. Department of Commerce reported on Tuesday. With a monthly increase of 0.8%, business inventories exceeded the 0.6% growth seen in May. On an annual level, business inventories rose by 6.6%. Retail inventories also leveled up by …
Read More » -
17 August 2021 7:48 pm
U.S. Housing Market Index at Lowest Level in a Year
The United States Housing Market Index declined by 5 points to 75 in August, according to data by the National Association of Home Builders (NAHB) and Wells Fargo released on Tuesday. Although the reading remains positive as it is above the 50-point mark, the index has reached its lowest level …
Read More » -
17 August 2021 5:53 pm
US: Industrial Production Expands by 0.9% in July
Industrial Production in the United States expanded by 0.9% on a monthly basis in July, the data published by the US Federal Reserve revealed on Tuesday. This print followed June’s increase of 0.2% (revised from 0.4%) and came in better than the market expectation of 0.4%.
Read More » -
17 August 2021 5:09 pm
U.S: Retail Sales Decline by 1.1% in July
Retail Sales in the US declined by 1.1% on a monthly basis in July to $617.7 billion. This reading followed June’s expansion of 0.67% (revised from 0.6%) and came in worse than the market expectation for a decrease of 0.2%. Consumers make up nearly 70% of all activity in the …
Read More » -
17 August 2021 4:28 pm
The Turkish Lira at Its Strongest Level in Two Weeks Against The Dollar
On Tuesday, August 17th, the Turkish lira touched its strongest level against the US currency in nearly two weeks after investors’ concerns about a possible further easing in monetary policy eased. The lira reached 8.39 against the dollar, rising from a closing level of 8.4550 on Monday. Last week, Turkey’s …
Read More » -
17 August 2021 3:30 pm
Eurozone Growth Confirmed at 2% in Q2
The European Union statistics office Eurostat said on Tuesday that the eurozone economy grew by 2 percent in the second quarter of the year, confirming its previous reading, as the easing of restrictions related to the Coronavirus stimulated economic activity after a brief recession. In a separate statement, Eurostat said …
Read More » -
17 August 2021 2:29 pm
US dollar Rose And New Zealand Dollar Fell Due to New General Isolation Measures
The New Zealand dollar fell to its lowest in nearly three weeks on Tuesday, August 17, after the country detected its first case of COVID-19 since February, prompting the government to announce new, short-term public isolation measures. The currency fell significantly in the early hours of trading in Asia, and …
Read More » -
17 August 2021 1:38 pm
Oil Prices Fall Due to Concerns About Delta Infection
Oil prices fell on Tuesday, August 17th, paring early gains, as fears of slowing demand for crude amid rising delta infections outweighed expectations that major oil producers would not boost supplies soon. Brent crude fell 51 cents, or 0.7%, to $69 a barrel, after reaching $69.77 earlier in the session. …
Read More » -
17 August 2021 12:47 pm
Nikkei Index Falls For The Fourth Day, And Virus Fears Overshadow Promising Results
The Japanese Nikkei index fell for the fourth consecutive session Tuesday, August 17th as concerns about the rapidly spreading delta strain of the Coronavirus overshadowed optimism about promising results for companies. The index closed down by 0.36% to 27424.47 points, erasing its previous gains, which amounted to 0.52%, following strong …
Read More »