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Gold prices rose Thursday, November 26, supported by the dollar’s decline, as investors bet that the disappointing US jobs data and the increase in Covid-19 cases around the world are prompting the authorities to announce more stimulus measures. Spot gold rose 0.2% to $ 1809.61 an ounce. US gold futures …
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11 February, 2025 11:39 pm
Market Drivers: US Session
The US Dollar Index (DXY) is testing the 108.00 support level, even with rising US Treasury yields a…
11 February, 2025 11:16 pm
Powell’s Impact: Powell’s Caution Dips The Dollar As Rate Adjustments “on Hold”
The US Dollar Index (DXY) continued to trade with losses for the second consecutive session on Tuesd…
11 February, 2025 9:50 pm
Powell’s Pause: Stocks Steady Amid Uncertainty
US stock markets have recently experienced a period of mixed performance, influenced by new tariffs …
11 February, 2025 8:30 pm
EU Vows Retaliation Against Trump’s Metal Tariffs
The European Union (EU) has vowed to respond to the 25% tariffs announced by President Donald Trump …
11 February, 2025 7:55 pm
Investors Still Tune In as Fed Chair Testifies Before US Lawmakers
Federal Reserve Chair testified before the US Senate on Tuesday, saying, “There is no need to …
11 February, 2025 7:14 pm
First Remarks By Fed Chair Before Lawmakers As Investors Lend All Ears
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 7:08 pm
Explainer: Global Markets Focus On Key Clues As Powell Faces US Lawmakers In Washington
The US Federal Reserveis not in a rush to cut its short-term interest rate again due to an “st…
11 February, 2025 6:54 pm
EUR/USD Waits on J. Powell, Tariffs
The EUR/USD pair is holding onto slight gains above 1.0300 on Tuesday, after a decline earlier in th…
11 February, 2025 4:30 pm
Coca-Cola Surpasses Earnings Expectations as Higher-Priced Beverages Drive Sales
Coca-Cola’s fourth-quarter earnings exceeded expectations, as the company’s strategy of encour…
11 February, 2025 3:16 pm
Powell to Testify as Fed Navigates Economic Uncertainty Under Trump Policies
Federal Reserve Chair Jerome Powell begins two days of hearings on Capitol Hill on Tuesday, addressi…
Market Analysis
November, 2020
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26 November 2020 12:11 pm
Oil at Its Highest Level Since March as Eyes Heading Towards OPEC+ Meeting
Oil continues the series of gains in recent days, which pushed it to its highest level since March, and the sector is looking forward to an OPEC+ meeting at the end of November to discuss increasing production by two million barrels from January.
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26 November 2020 11:35 am
British Car Production Down 18% in October
The Society of Motor Manufacturers and Traders in Britain said that Britain’s production of cars fell at an annual rate of 18.2% in October, as the Coronavirus pandemic and lockdown measures continued to affect demand. October’s performance rounds off an “extremely tough” 10 months for UK carmakers and suppliers, with …
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26 November 2020 10:39 am
Australia’s Private Capex Misses Estimates With -3% in Q3
Australia’s Private Capital Expenditure fell more-than-expected in the third quarter, the latest data published by the Australian Bureau of Statistics (ABS) showed on Thursday. Total new capital expenditure fell by 3% in the September quarter 2020 vs. -1.5% expectations and a 5.9% slump witnessed in the June quarter.
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26 November 2020 10:10 am
The Nikkei is Down 0.16% in Early Trading in Tokyo
The Nikkei index fell in early trading in Tokyo on Thursday. The Nikkei slipped 0.16% to 26,255.47 points, while the broader Topix index fell 0.39% to 1760.86 points.
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26 November 2020 3:27 am
Minutes: Fed Could Expand Bond-Buying Program
The United States Federal Reserve Board and the Federal Open Market Committee (FOMC) on Wednesday released the minutes of the committee meeting held on November 4-5. Policymakers have discussed in their most recent meeting potential adjustments to the asset purchase program, as shown by the minutes released on Wednesday. The …
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26 November 2020 3:04 am
Oil Maintains Gains at Highest Level Since Early March
Oil prices continued to rise on Wednesday, reaching their highest level in about nine months. Brent crude futures for January delivery increased by 75 cents, or 1.6%, to finish at $48.61 per barrel. The West Texas Intermediate (WTI) crude futures for January delivery gained 80 cents, or 1.8%, to close …
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26 November 2020 1:43 am
Gold Attempts Recovery with Marginal Gains
After consecutive declines this week, gold prices rose on Wednesday, but remain far from their level prior to the recent correction wave. Gold futures for December delivery gained 90 cents, or less than 0.1%, to close at $1,805.50 per ounce. Meanwhile, silver futures for December delivery added 6.2 cents, or …
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26 November 2020 12:50 am
US Home Prices Accelerate in September
Home prices in the United States rose during September, according to recent data. The S&P CoreLogic Case-Shiller National Home Price Index surged by 7% during the fiscal year that ended in September, up from a 5.8% annual rate in August. This is the highest annual rise in the index since …
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26 November 2020 12:20 am
US Consumer Spending Rises While Incomes Decline
Household spending in the United States increased more than what was expected during the month of October, data by the US Department of Commerce showed on Wednesday. Purchases increased by 0.5% on a monthly basis, after rising by 1.2% in September. Meanwhile, personal incomes declined by 0.7%.
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25 November 2020 10:54 pm
European Stocks Close Nearly Unchanged
European stocks closed Wednesday nearly unchanged, after achieving recent gains on restored political certainty in the US and positive news about Coronavirus vaccines, despite the surge in new cases and lockdown measures across the continent. The STOXX Europe 600 index finished marginally lower by 0.056%. In the UK, the FTSE100 …
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25 November 2020 9:17 pm
US Crude Oil Inventories Decline Unexpectedly
Crude oil inventories in the United States declined last week, against market expectations, data by the U.S. Energy Information Administration (EIA) showed on Wednesday. A decline of 800,000 barrels in the week that ended on November 20 means that crude stockpiles now stand at 488.7 million barrels. Meanwhile, gasoline inventories …
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25 November 2020 6:06 pm
US: Trade Deficit Widens to $80.3 Billion in October
The United States’ goods and services deficit rose by $0.9 billion to $80.3 billion in October from $79.4 billion in September, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday.
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