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Market Analysis

November, 2021

  • 19 November 2021 1:34 am

    Bitcoin Falls as Congress Battle Takes Off

    Bitcoin continued to slide on Thursday, trading down more than 2% and falling as low as $58,283. The most famous cryptocurrency is now very apart from its highs around $69,000, recorded on November 10.US Congress is pushing some of the most sharply divergent views on cryptocurrencies. Speaking at a Congressional …

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  • 19 November 2021 1:12 am

    Key Governments Challenge OPEC+ With Reserves

    Governments from a number of the world’s biggest economies said on Thursday they are considering the release of oil from their strategic reserves.The announcements follow a rare request by the United States for a coordinated move to ease global energy prices and ahead of a meeting of major oil producing …

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  • 19 November 2021 12:20 am

    Germany Attempts To Escape Debt Brake

    Because of the strict constitutional ceiling on borrowing, Germany has become more like those internet users who see advertisements promising lose-weight tricks or acquire millions.To meet its climate obligations and upgrade its digital infrastructure, Germany needs to get prepared for €50bn ($57bn) a year in public investment.But a “debt brake” …

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  • 18 November 2021 11:52 pm

    Fed’s Evans Expects US Economic Momentum Into 2022

    Despite all the challenges ahead, Fed’s Evans said he remained optimistic for 2022. Chicago Fed President Charles Evans said on Thursday that he expects good momentum for the US economy to continue well into 2022.Evans expects the labour sector to continue to improve next year as more and more people …

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  • 18 November 2021 11:37 pm

    Euro Hit By Bets On ECB’s Policy

    The European Central Bank’s President Christine Lagarde is set to deliver a speech Friday, 19 November, amid traders and investors’ speculations that the Eurozone central bank could lag behind Fed and world peers on rate hike decision. Meanwhile, the euro touched its lowest level in 16 months this week as …

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  • 18 November 2021 11:04 pm

    Traders Forecast Annual US Consumer Price Gains

    Traders have hiked their preliminary forecasts for US consumer price inflation over the next few months, and now widely see annual headline figures coming in at 7% or higher into early next year.Fixings, which trade as derivatives on the likelihood of where future consumer price index levels will land, are …

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  • 18 November 2021 10:30 pm

    US Shares Retreat From Highs

    US Shares turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and despite unemployment data that showed the labor market is continuing to recover.Stocks have been shaken since midday trading on Wall Street Thursday as investors reviewed the latest earnings reports from retailers and an update on …

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  • 18 November 2021 10:04 pm

    Lira’s Crisis Threatening Economy

    The Turkish Lira slides to record low after the country’s central bank cuts rates again. The Turkish lira’s latest drop in value follows a series of rate cuts by the ccentral bank.The Wall Street Journal said that currency crisis is shaking Turkey’s economy, imperiling President Recep Tayyip Erdogan’s nearly two-decade-long …

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  • 18 November 2021 9:15 pm

    Lane: Still Expect Eurozone Inflation To Ease Next Year

    Eurozone inflation will ease next year and there is no sign that investors or consumers expect runaway prices in the medium term, the European Central Bank’s chief economist said on Thursday.“We’re not seeing expectations de-anchoring to the upside,” Lane told an online event hosted by the U.S. Federal Reserve.“Right now …

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  • 18 November 2021 9:02 pm

    November’s Manufacturing Activity Falls

    The Tenth District Manufacturing Survey’s Composite Index fell to 24 in November versus 31 in October. The latest index came in at 24, down 7 from last month’s 31, indicating continued expansion in November, but at a slower pace according to Kansas City Fed.The future outlook ticked up to 35. …

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  • 18 November 2021 8:20 pm

    268,000 New Jobless Claims Filed Last Week

    New weekly jobless claims are slightly higher than expected but still representing a new pandemic-era low, with the weekly rate of those rendered newly out of work coming closer to pre-coronavirus levels. The Labor Department released its jobless claims report Thursday. The main figures from the report refer to initial …

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  • 18 November 2021 8:00 pm

    EIA: Natural Gas Supplies Climb

    The US EIA has reported a 26-billion-cubic-foot weekly climb in natural-gas supplies. The U.S. Energy Information Administration reported on Thursday that domestic supplies of natural gas rose by 26 billion cubic feet for the week ended Nov. 12. IHS Markit had forecast an increase of 24 billion cubic feet. Total …

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  • 18 November 2021 7:54 pm

    Natural Gas Rebounds On EIA Data

    Natural gas futures trimmed losses ahead of the latest round of government inventory data early Thursday as strong liquefied natural gas takeaway continue to support prices.Coming off a 36.1-cent sell-off in the previous session, the December delivery Nymex contract was up 17.7 cents to $4.993/MMBtu.Technical momentum and evidence of strong …

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