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crypto moves out of china
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Crypto Moves Out of China

Brent prices were heading towards $80 a barrel yesterday after OPEC+ countries broke off negotiations with the United Arab Emirates. The disagreements between Saudi Arabia and EAM threaten oil price stability and economic recovery. The personal battle between the two countries has destabilized the OPEC+ meeting talks, because of which
blog gold on its way 30 6 21
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Gold on Its Way to Over 4-year Lows

Yesterday’s trading session was positive for the S&P500 and the Nasdaq. The S&P 500 was up 0.1% while during this morning’s Asian session, the Nasdaq was up 0.3%. The dollar firmed while 10-year US Treasuries and oil rose. Gold fell. Oil returned to around $73 a barrel after hovering around $75
blog us and uk begin 29 6 21
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US and UK Begin Tapering Fiscal Stimulus in The Housing Market

Amid inflation in Europe and the US, UK house prices rose 13.4% higher in June in comparison to a year earlier. This marks the fastest rise in 17 years. The market is benefiting from mortgage rates which are close to all-time lows and a temporary tax break on purchases. The
blog china starts cutting 25 6 21
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China Starts Cutting Fiscal Stimulus as the Fed Mulls Over it

Yesterday, the People’s Bank of China (PBOC) raised the short-term cash rate for the first time since March. The gesture marks a shift in the economic approach to the post-COVID19 recovery. While the Federal Reserve (Fed) continues to debate how and when to reduce fiscal stimulus in the US, the
blog gold experiences slight rise 18 6 21
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Gold Experiences Slight Rise, WTI hovers around $70

Yesterday, US markets closed with slight declines in major indices such as the Dow Jones and the S&P 500. In contrast, the Nasdaq rose 0.9% on the back of gains in technology stocks. In this morning’s Asian session, the S&P 500 was up 1% and the Nasdaq 0.2%. Ten-year Treasuries
blog ny fed forecasts 15 6 21
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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 the time of writing. Gold fell 0.1% and Treasury yields
blog g 7 nations 14 6 21
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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 we could be witnessing a Bitcoin rally again. This morning’s
blog lower than expected 7 6 21
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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 the U.S., and with the employment figure below expectations, Treasury
blog gold rises to 27 5 21
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Gold rises to 5-month high amid inflation fears

Gold rose to $1,912.74 per ounce yesterday, breaking through the psychological barriers of $1,900. The gold price rally, the highest in five months, is most likely the result of a weak dollar, inflation, and a drop in U.S. Treasury yields. U.S. stock indices, the S&P 500 and the Nasdaq declined