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Data showed Monday, October 4, that Turkey’s inflation rose slightly less than expected to 19.58% y/y in September from 19.25% in August, the highest level since March 2019, taking real yields further into losses after the central bank cut interest rates. to 18%. On a monthly basis, the Turkish Statistical …
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10 January, 2025 10:55 pm
DXY surges following upbeat NFP data
The US Dollar surged to multi-year highs following the release of robust Nonfarm Payrolls (NFP) data…
10 January, 2025 10:01 pm
Bitcoin Stumbles as Job Growth Dampens Rate Cut Hopes
Bitcoin experienced a sharp decline on January 10th as unexpectedly strong US job market data dimini…
10 January, 2025 9:22 pm
US stocks decline post robust NFP data
The Dow Jones Industrial Average plummeted over 700 points on Friday, following the release of unexp…
10 January, 2025 8:19 pm
Fed’s Goolsbee: Rates could come down if things stay steady and inflation doesn’t spike
Federal Reserve Bank of Chicago President Austan Goolsbee stated in a CNBC interview on Friday that …
10 January, 2025 7:09 pm
Upbeat NFP Data Evidences Resilient Labour Market
The recent US nonfarm payrolls report delivered a resounding message: the American labour market rem…
10 January, 2025 5:03 pm
Delta Air Lines Exceeds Q4 Earnings Expectations on Robust Travel Demand
Delta Air Lines reported fourth-quarter earnings that outperformed Wall Street estimates, propelled …
10 January, 2025 2:51 pm
China’s Central Bank Halts Treasury Bond Purchases Amid Currency Concerns
China’s central bank, the People’s Bank of China (PBOC), announced on Friday the suspens…
10 January, 2025 12:58 pm
European Markets Edge Lower as Investors Await U.S. Jobs Data
European stock markets traded slightly lower on Friday as investors exercised caution ahead of the r…
10 January, 2025 11:10 am
Oil Prices Climb as Winter Weather and Supply Concerns Drive Demand
Oil prices rose in early Asian trade on Friday, continuing their upward trajectory for a third conse…
10 January, 2025 10:42 am
Gold Prices Inch Higher Amid Rate and Trade Jitters, Copper Boosted by China Stimulus Hopes
Gold Market Highlights Gold Extends Weekly Gains Amid Uncertainty Spot gold rose 0.1% to $2,672.12 p…
Market Analysis
October, 2021
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4 October 2021 12:45 pm
Sources to Reuters: Expectations That OPEC+ Will Keep Production Policy Unchanged
OPEC+ sources told Reuters that it is likely that OPEC and its allies will stick to their current agreement to add 400,000 barrels per day of oil to the market in November, despite pressure from consumers to calm a market witnessing heavy demand for oil. Ministers of the Organization of …
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2 October 2021 2:38 am
Fed’s Kashkari watching inflation, QE and Governance Impact
Unemployment data still irritate the U. S. economy as Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said that he is watching the labor market for signs of when millions of workers who were forced to leave their jobs during the pandemic will return. Kashkari said that he …
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2 October 2021 1:51 am
Stagflation risk is back impacting gold price’s reactions
As the looming energy crisis stirs up old inflation fears, stagflation risk is back in the market, carrying some good news for gold, which proved this week that there is strong buying interest below the USD 1,750 per ounce level, according to analysts.After falling towards USD 1,720 per ounce mid …
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2 October 2021 12:55 am
Whales on Binance may be behind Bitcoin’s jump
Since U.S. markets opened on Friday, bitcoin price has risen by nearly 10%. A popular indicator used by bitcoin traders may explain the increase.What is obvious is that this buying did not come from U.S. investors. The demand for bitcoin is likely from Chinese or non-U.S. investors.While Coinbase is more …
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2 October 2021 12:29 am
Bitcoin moves higher after Powell’s comments
Bitcoin managed to settle above the 20 EMA which is located near $44,000 and is trying to settle above the 50 EMA at $44,600. RSI is in the moderate territory, and there is plenty of room to gain additional upside momentum.Bitcoin has reaped some gains after the comments by Fed …
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1 October 2021 11:42 pm
Wall Street rises after September volatility
Wall Street Stocks advanced on Friday, as equities try to regain after closing out volatile September in the red zone.The Dow rose and did better than compared to the other two major indexes, as shares of Merck jumped over positive data on its COVID-19 antiviral pill. Friday’s moves come following …
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1 October 2021 9:31 pm
Could 19 October be a catastrophic day for the US economy?
The USD 28.4 trillion debt limit was renewed on 1 August. By extraordinary measures, Treasury Secretary Janet Yellen has been able to take steps that allow the government to borrow additional funds without breaching the debt ceiling. Yellen warned lawmakers that if Congress fails to raise or suspend the debt …
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1 October 2021 9:02 pm
China orders top companies to secure winter energy supplies
China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country. The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.Zheng called all the …
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1 October 2021 8:45 pm
Positive reading on U. S. ISM Manufacturing Employment Index
U. S. ISM Manufacturing Employment Index is at a current level of 50.20, up from 49.00 last month and up from 49.60 one year ago. This is a change of 2.45% from last month and 1.21% from one year ago. The Institute for Supply Management (ISM) Manufacturing Index shows business …
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1 October 2021 7:52 pm
ISM Manufacturing Index rose to 61.1 in September
Measurement of U.S. manufacturing witnessed expansion in September at the fastest pace in four months.The new data by The Institute for Supply Management’s gauge of factory activity rose to 61.1 from August’s 59.9, according to data released Friday. Readings above 50 indicate expansion. The median estimate in a Bloomberg survey …
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1 October 2021 3:45 pm
The Dollar is Heading For The Best week in Months
The dollar started the fourth quarter of 2021 near its highest levels in the year and is heading towards achieving its best weekly performance since June, as investors expect the Federal Reserve, which appears to be inclined towards monetary tightening, to raise interest rates at a faster pace than its …
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1 October 2021 2:56 pm
Eurozone Preliminary CPI Jumps 3.4% YoY in September
The annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3% while up from August’s reading of 3.0%, the latest data published by Eurostat showed on Friday. The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.
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