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blog ny fed forecasts 15 6 21

NY Fed Forecasts Higher Inflation & WTI Hits $71.08

Yesterday, amid rumors of creeping inflation, the S&P 500 and Nasdaq 100 touched record highs increasing by 0.2% and 0.9% respectively. Crude oil continues to hover around $70 a barrel, with West Texas Intermediate (WTI) at $71.08 a barrel, at


blog g 7 nations 14 6 21

G7 Nations & the Fed Meet, Musk Boosts Bitcoin

This week several economic and political events could be affecting the markets as Biden is in Europe, the G7 summit is taking place, the Federal Reserve is meeting to discuss last week’s inflation data, and, perhaps thanks to Elon Musk


blog inflation soars back 11 6 21

Inflation Soars Back to 13-Year High

Yesterday, the US Department of Labor released data on the Consumer Price Index (CPI). The figure reached 5%, showing a monthly rise of 0.6% over May and a 1,2% increase from the same period in 2008. Cars, flights, clothing, and


blog new data releases 10 6 21

New Data Releases in Europe and the USA

On Wednesday, the markets were bearish. The Dow Jones closed the US session 0.44% lower, the Nasdaq was down 0.09% and the S&P 500 fell 0.18%. In Europe, the CAC 40 was up 0.19% and the Dax 30 closed with


blog bitcoin price tumbles 9 6 21

Bitcoin Price Tumbles as U.S. Successfully Retrieves Crypto Ransom

Bitcoin dropped to a two-week low on Tuesday falling as much as 9.9% to $31,036. Even though the reason for the slump is unclear, the major selloff might have been triggered by concerns over the cryptocurrency’s security after U.S. officials


blog zooming in the global 8 6 21

Zooming in the Global Inflation

Yesterday, despite Friday’s NFP data, and the anticipation for the inflation indicating Consumer Price Index (CPI) scheduled to be released on Thursday this week, markets closed in the green. Major European indices closed slightly higher, with the CAC 40 up


blog lower than expected 7 6 21

Lower than Expected NFP Data Sparks Inflation Comments

On Friday, the 4th of June, the NFP data showed that 559,000 were jobs added, against a forecast of 650,000 jobs. Although the figure was slightly lower than expected, investors remained optimistic during Friday’s session. Amid fears for inflation in


blog cryptos in the spotlight 4 6 21

Cryptos in the Spotlight Again

The finance minister of Norway, Jan Tore Sanner, set himself apart from crypto critics when he suggested that cryptocurrencies will eventually move past their swings in volatility and reach a period of “breakthroughs”. During an interview on Tuesday, he stated:


blog oil on a two year 2 6 21

Oil on a two-year high, Turkish Lira Plummets to Record Low

Oil jumped to a two-year high rising above $70 a barrel after OPEC and its allies forecast greater demand and decided to increase the “black gold” commodity output. The increase comes as a result of the global economic recovery which


blog economy recovery inflation 1 6 21

Economic Recovery & Inflation Fears Move the Markets

Global stocks are entering the month close to new all-time highs, supported by the economic recovery from the coronavirus pandemic and high liquidity. Nevertheless, inflation fears and concerns that rising price pressures could lead central banks to cut support earlier