FX option expiries for July 7 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1265 909m1.1275 590m1.1335 521m1.1345 1.2bn1.1450 521m – GBP/USD: GBP amounts 1.2650 250m – USD/JPY: USD amounts 107.00 401m – AUD/USD: AUD amounts 0.6915 633m – NZD/USD: NZD amounts 0.6520 676m
Read More »Wall Street Rallies on Softer US Data, Giants’ Results
On Friday, the stock market rallied, continuing its upward trajectory for a third week. Despite a we…
Shell exceeds expectations with upbeat Q1 profits
Amid difficulties in Russian refining and shipping across the Red Sea, Shell reported a $7.7 billion…
Bitcoin Successfully Passes Nonfarm Payrolls Test
As of this writing, Bitcoin has gained 4.42% and is trading at 61,739 following the release of the N…
Fed’s Bowman: Willing to raise rates if inflation persists
Michelle W. Bowman, a member of the Federal Reserve Board of Governors, issued a warning, stating th…
Fed’s Goolsbee: Current employment numbers are very solid
President of the Federal Reserve Bank of Chicago Austan Goolsbee commented, Friday, on the labour ma…
US Nonfarm Payrolls Surge by 175,000 in April
The latest report from the US Bureau of Labor Statistics (BLS) revealed that Nonfarm Payrolls (NFP) …
Inflation in Türkiye rose near 70%, recording the highest level since 2022
Official data released on Friday revealed that annual consumer price inflation in Turkey surged to 6…
European stocks rise thanks to banking results and technology sector gains
European stocks opened higher on Friday amid a state of joy among investors with a group of strong r…
JPY poised to record best weekly performance in more than a year, USD declines
The yen is poised to achieve its most impressive weekly performance in over a year on Friday, propel…
Gold heading lower for the second week ahead of US jobs data
Gold prices are heading to decline for the second week in a row, despite the stability of prices on …
Market Analysis
July, 2020
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7 July 2020 2:01 am
Nasdaq Closes at New Record High
The New York Stock Exchange (NYSE) settled higher on Monday, amid an improvement in risk appetite among investors due to positive economic data and anticipation for a COVID-19 vaccine. The Dow Jones Industrial Index gained 459 points or 1.78% to settle at 26,287, and the S&P 500 index rose by …
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7 July 2020 1:49 am
Oil Prices Settle Mixed on Monday
Oil prices showed a mixed performance at the beginning of the week, with rising COVID-19 cases in the US casting their shadow on US crude, while expectations of a global demand recovery helped Brent crude finish Monday on a higher note. Global benchmark Brent crude oil futures for September delivery …
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7 July 2020 12:50 am
Little Change Seen in Global Stocks by July 2021
Global stocks are expected to remain mostly unchanged from their current levels by this time next year, according to a recent report by Citi bank, CNBC reported. This comes as bullish and bearish forces would cancel each other out. Citi remains overweight in the US and emerging market equities with …
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7 July 2020 12:06 am
French Economy to Rebound during Q3
The Central Bank of France is expecting the French economy to recover during the third quarter (Q3) of 2020. The second-biggest economy in the Eurozone could grow by an unprecedented 14% in Q3 of 2020, if business activity remains at the current levels, Reuters reported, citing forecasts by the central …
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6 July 2020 11:51 pm
USA: Pandemic Aid Saved 51.1 M Jobs
The US Department of Treasury and the Small Business Administration (SBA) announced that government support to businesses helped save 51.1 million jobs or 84% of the small business workforce. A total of $521.4 billion of financing to employers have already been approved, as part of a $660 billion COVID-19 pandemic …
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6 July 2020 11:34 pm
Gold Settles Higher on Dollar Woes
Gold prices rose on Monday, nearing its highest level in about a week, despite an increased risk appetite among investors. However, the rise in the yellow metal prices is mainly attributed to the Dollar’s decline. Gold futures for August delivery rose by $3.50, or 0.23%, to settle at $1,793.5 per …
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6 July 2020 11:28 pm
Amazon Stock Hits New All-Time High
The stock of Amazon is up by more than 5% for the day, trading above $3,037, as of 7:20 p.m. GMT. This is the first time for the Amazon share price to exceed $3,000. The online retailer is one of a few businesses that benefited from the COVID-19 pandemic, with …
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6 July 2020 10:35 pm
BoC: Businesses in Canada Expect Weak Demand
The overall Business Outlook Survey indicator fell sharply, with most constituent indicators declining to levels well below their historical averages, according to the Bank of Canada (BoC) Business Outlook Survey for the summer of 2020. Businesses in Canada expect weakness in domestic and foreign demand due to the effects of …
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6 July 2020 9:55 pm
Stability Foreseen for Copper Prices in Q3 and Q4
Market experts are expecting copper prices to stabilize during the second half (H2) of 2020, despite the surge it saw in the second quarter (Q2) of the year, CNBC reports. The three-month copper futures are trading, on the London Metal Exchange (LME), above $6,000 per ton since the end of …
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6 July 2020 8:38 pm
European Stocks Close Higher on Positive Data
European stocks closed higher on Monday, supported by a positive sentiment among investors, thanks to economic data signaling a near recovery in the Eurozone. The pan-European STOXX Europe 600 gained 1.55% and closed at 371.09. In the London Stock Exchange, main index FTSE100 added 2.1%. Benchmark French index CAC40 increased …
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6 July 2020 7:50 pm
Boston Fed: Main Street Program Ready to Go
The Main Street Lending Program is now operational and ready to purchase eligible loans, said the Federal Reserve Bank of Boston on Monday. The Fed branch in Massachusetts encouraged lenders to start submitting qualifying loans, Reuters reported. Members of the US Federal Reserve Board have agreed to use all of …
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6 July 2020 7:31 pm
US Non-Manufacturing PMI Displays Recovery in June
The US non-manufacturing services sector activity showed a strong recovery during June, nearing a return to its levels before the COVID-19 pandemic. The ISM Non-Manufacturing Purchasing Managers’ Index (PMI) for June increased to 57.1, compared to its reading in May at 45.4, and an expected reading of 50.1. This is …
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