Oil turned down Wednesday, November 4th, after the US President questioned the integrity of the elections, despite millions of votes not being counted, and the final results are not expected to be announced before several days. US West Texas Intermediate crude fell 15 cents, equivalent to 0.4%, to $ 37.51 …
Read More »Gold Falls With Dollar In Favor
Gold prices fell on Wednesday, as the dollar rose after preliminary results from the US presidential elections showed a close convergence than expected. US President Donald Trump winning in Florida and advancing in several other states. Gold Spot fell 0.5% to 1898.97 dollars an ounce, reducing losses by more than …
Read More »US Dollar Rises as a Long Wait For Election Results Looms
The US dollar gained and risk-sensitive currencies weakened on Wednesday, November 4th, as early results from the US presidential election show a tight convergence in the race. US President Donald Trump is ahead in states including Florida and Ohio, as investors await whether he can retain the states of Michigan, …
Read More »Democrat Joe Biden Leads in Arizona
Former Vice-President Joe Biden has won Arizona. He is leading against President Donald Trump by a large margin in the southwestern state. Joe Biden is losing ground in battleground Florida, which is now called for President Donald Trump. In Arizona’s Senate race, Democrat Mark Kelly won against Republican incumbent Marhta …
Read More »Dow Jones in Green as Markets Await Elections Results
Positive trading dominated the Dow Jones Industrial Average on Wall Street yesterday amid the US presidential election, to reach a peak of 27,670. Technically, the stability of intraday trading and the index’s success in building a base on the psychological barrier of 27000 is a positive factor. This coincides with …
Read More »Oil Climbs Amid High Risk
Oil, Crude, trading
Read More »Gold Continues to Struggle, All Eyes on The Election Results
Gold moves witnessed positive attempts within an irregular path, in light of the increasing uncertainty about the US election results, to record a high of 1916 and a low of 1882. Technically, prices were unable to stabilize above the resistance level of 1901, Fibonacci retracement of 61.80%, and we see …
Read More »Euro Fails to Break Resistance
Random positive trading dominated the euro’s movements against the US dollar in light of the US election results, with the euro reaching a peak at 1.1770 and a low around 1.1600. Technically, looking at 240-minutes chart, we find that the pair has returned to consolidate again below the pivotal resistance …
Read More »Wall Street Rallied at The Open
Major stock indices on Wall Street rose at the open Tuesday, as investors bet on Democratic candidate Joe Biden’s victory in one of the most sensitive US presidential elections in American history. The Dow Jones Industrial Average rose 213.64 points, equivalent to 0.79%, to 27138.69 points, and the S&P 500 …
Read More »Turkish Lira Reaches Fresh Lows The US Presidential Elections
The Turkish lira hit a new record low on Tuesday (November 3rd), ahead of the US presidential elections, the outcome of which may lead to strained relations between the two countries. The lira also retreated after data revealed that the annual inflation rate is close to 12%, despite the central …
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