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Market Analysis

December, 2020

  • 14 December 2020 12:22 pm

    Gold Dropping Amid Less Demand as The Vaccine Begins to be Used

    Gold prices fell on Monday, December 14th, as riskier assets rose due to the start of the use of the Covid-19 vaccine, which cast a shadow over hopes for more financial and monetary stimulus in the United States. The spot price of gold was down 0.3% to $ 1833.21 an …

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  • 14 December 2020 6:46 am

    Weekly Recap – Dec 11

    Positive news regarding the launch the Vaccination campaign dominated the markets, but the Brexit crisis and the US financial stimulus still cast a shadow on the markets. In the UK, monthly GDP continued to slow down, falling to 0.4% in October, its lowest level in 6 months. British economic output …

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  • 12 December 2020 1:19 am

    Oil Records Weekly Gains

    Oil prices closed Friday lower, but was able to record gains during the second week of December. Brent crude futures for February delivery declined by 28 cents, or 0.6%, to settle at $49.97 per barrel, giving up the $50 mark it reached for the first time since March, but adding …

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  • 12 December 2020 1:15 am

    Gold Rises and Turns into Weekly Gains

    Gold prices increased on Friday, extending its weekly rise amid anticipation for a new stimulus package in the United States. Gold futures for February delivery increased by $6.20, or 0.3%, to close at $1,843.60 per ounce. For the week, gold futures registered gains of 0.2%.

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  • 11 December 2020 10:47 pm

    Dollar Shows Rebound Signs

    The US Dollar (USD) is rising on Friday, supported by positive economic data and an improvement in inflation. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.18% at 90.99. The index has been moving today in a range …

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  • 11 December 2020 9:30 pm

    European Stocks Close Friday in Red

    European stocks closed Friday lower, amid uncertainty surrounding Brexit talks and a new government stimulus package in the US. The STOXX Europe 600 index finished lower by 0.5%. The UK’s FTSE100 declined by 0.66%, while the German DAX plummeted by 1.24%. Meanwhile, the French index CAC40 closed lower by 0.61%.

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  • 11 December 2020 8:33 pm

    US Consumer Sentiment Improves in December

    The University of Michigan’s preliminary US consumer sentiment index increased by 4.5 points to 81.4 during December, from 76.9 in November, data showed on Friday. This is the second-highest level for the index since March, according to Bloomberg. The current conditions index rose to 91.8, its highest reading since March. …

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  • 11 December 2020 7:47 pm

    Canada’s Capacity Utilization Rises in Q3

    Industrial capacity utilization rate in Canada rose during the third quarter (Q3) of 2020, but remained at a record low level, data showed on Friday. The capacity utilization rate reached 76.5% in Q3, rising by 5.8% on a quarterly basis, compared with its level in Q2 at 70.7%, according to …

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  • 11 December 2020 7:42 pm

    US Producer Prices Rise in November

    Producer prices in the United States rose slightly last month, in line with expectations that inflation could start to rise in the near term, data showed on Friday. The US producer price index (PPI) increased by 0.1% in November, after rising by 0.3% in October, according to data by the …

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  • 11 December 2020 6:00 pm

    US Health Secretary: We Will Approve The Pfizer Vaccine Within Days

    US Secretary of Health and Human Services Alex Azar said today, Friday, that the United States will approve the use of the Pfizer vaccine to protect against Covid-19 within days, and that the first group will be vaccinated, perhaps Monday or Tuesday. The US Food and Drugs Administration has accelerated …

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  • 11 December 2020 5:57 pm

    Very Likely That We Will Have a No-deal Brexit

    British Prime Minister, Boris Johnson crossed the wires in the last hour and said that we are always hopeful on Brexit. But from where we stand now, it is very, very likely that we will have a no-deal Brexit, Johnson added further.

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  • 11 December 2020 5:04 pm

    Turkey’s Current Account Deficit Was More Than Expected in October at $273 Million

    Turkey’s central bank said the country’s current account deficit narrowed in October to $273 million. The number is more than Reuters forecasts a deficit of $0.062 billion. In September, the current account deficit was $ 2.559 billion. In 2019, Turkey’s current account surplus was $ 1.674 billion.

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  • 11 December 2020 3:55 pm

    A rise in Commodities Unleashes Ehe Australian Dollar, Pound Prepares Dor No-Deal Brexit

    The dollar headed for a loss for the fourth week in a row as it weakened, recording its lowest levels in several years against other major currencies. The pound ended a series of gains that lasted for five weeks after the leaders of Britain and the European Union remained at …

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