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Tag: Market Summary

blog oil on a two year 2 6 21

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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 has caused the prices for a large number of commodities
blog economy recovery inflation 1 6 21
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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 than expected remain. The US dollar weakened while the yuan
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
blog market watch bitcoin 25 5 21

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Market Watch: Bitcoin, Indices, WTI Close Higher, Metals Decline

Yesterday, a new trading week started with cryptocurrencies exploring the upside and Bitcoin closing at almost $39,000, after the weekend’s intense volatility. The rise seems to be attributed to a tweet from Elon Musk stating that North American bitcoin miners had made a commitment to revealing data showing their use

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Stability in Cryptocurrencies & Biden’s Tax Plan

During Thursday’s trading session stock markets stabilized. The Nasdaq broke above the 50-day moving average, the SP&500 was up 0.1%, oil suffered its biggest weekly drop since March, the dollar weakened, and cryptocurrencies seemed to steady after their plunge in recent days. The stability in cryptocurrencies comes on the same
blog cryptocurrencies and stock 20 5 21
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Cryptocurrencies and Stock Markets Record Rapid Declines

Yesterday, the Federal Reserve (Fed) released data from its April meeting, a meeting that took place before the US employment decline, hiring constraints, and the unexpected rebound in consumer prices. Nevertheless, the Fed sees the economy as gradually recovering, and given the pace of inflation, they hinted at the possibility
blog market watch safe 19 05 21
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Market Watch: Safe haven gold is up, Bitcoin & other cryptos plummet

Yesterday, Tuesday, gold reached $1,875.10 per ounce, the highest since January, 29. At the time of writing, gold is trading around 1868.44 per ounce. The increase represents an 11% rise from its March lows. The yellow metal’s rise – the highest in recent months since the start of the year