Oil and gold, similar reasons, different directions
At the brent oil index, Forecasts indicate a possibility of a decrease in the level of industrial demand for crude oil, given the concerns about pandemic conditions and the increase in cases of Covid19 delta variants in Asia, Europe, and…
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Financial markets affect of the impact of Covid19 Delta variants on economic activities
Recent reports of the delta variant pandemic in Europe and the United States, and its possible economic consequences, have raised concerns among financial market participants, resulting in lower demand in stock markets.
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Gold and crude oil at a two-way road
Yesterday was an eventful day for the markets. On one hand the brent oil index was affected by the IEA reducing the outlook for global crude oil demand due to the continuation of the Covid-19 pandemic. However, according to the OPEC…
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The impact of inflation and unemployment reports and traders market expecations today
The US PPI index was announced yesterday, which showed more than the 1% growth compared to the previous month, where experts had forecast 0.6% growth. This increase in inflation has caused stock indices, such as Dow Jones and…
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All eyes on the US Producer Inflation Index Report expected to grow by 0.6%
Yesterday, US CPI was announced, rising 0.3% below expectations, indicating that the rapid inflation is possibly temporary. Of course, this can change with an early exit from an expansionary monetary policy. This resulted in a rise in…
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The US crude oil inventories index shows a decrease of 447,000 barrels compared to the previous week
At the brent oil index, prices fell in a downward channel after OPEC+ agreed to increase oil production and supply levels. Still, this trend has slowed down and reached the level of $67 for a barrel while the demand for crude oil has…
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Market participants are waiting for the announcement of the US CPI index
In recent days, the approval of Biden's infrastructure support plan and the positive reports of companies in the US stock market has increased market demand and created a new peak in the Dow Jones index. Still, today market participants…
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The demand for USD is still growing with the price of EURUSD reaching its lowest level since…
EURUSD Analysis
In Germany, the annual CPI index increases by 3.8% - higher than in the previous period. However, the demand for USD is still growing with the price of EURUSD reaching its lowest level since November 2020.
In the…
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Eurozone manufacturing sector’s growth extended in July despite supply bottleneck
The Eurozone’s manufacturing sector activity extended strong growth in July, driven by rising demand on reopening of the economy, despite persisting supply shortages that continue to boost input cost.
The EU Manufacturing Purchasing…
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Bulls regained traction but lack momentum for stronger recovery
The USDJPY remains constructive in early Monday after last week’s fall stalled on approach to daily cloud base and Friday’s bullish close, but recovery is still fragile and needs more evidence to confirm reversal.
Last week’s large…
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