The US Non-Farm Payrolls report (NFP) released by the United States Bureau of Labor Statistics on Thursday increased by 4,800,800 in June, compared to an increase of 2,699,00 for May. This number is better than the market forecast; the market expected 3,000,000. Other details of the release indicated that the …
Read More »How will gold price react if inflation hits 2%?
Inflation has been a significant factor for the price of gold, with the Federal Reserve raising inte…
Fresh US Plan Targeting Russian Oil Revenues
Treasury officials in President Biden’s Treasury Department have proposed new actions to cripp…
US Dollar looks for catalysts ahead of CPI data, Powell’s testimony
the US Dollar was down 0.80% last week, now at lowest level since mid-June. Anticipation builds with…
US Stock Futures Hold Steady Ahead of Pivotal Week
U.S. stock index futures remained largely unchanged on Monday morning, as investors braced for a cri…
China’s Car Sales Decline for Third Consecutive Month Despite Government Incentives
China’s car sales continued to decline in June, marking the third straight month of falling fi…
Oil Prices Slip as Gaza Ceasefire Talks Progress and Tropical Storm Beryl Threatens US Supplies
Oil prices edged lower on Monday, following a four-week upward trend, due to the prospect of a cease…
German Exports Slump in May Amid Weak Global Demand
German exports experienced a sharper-than-expected decline in May, as weak demand from major trading…
Gold Dips Slightly, but Holds Near One-Month Highs Amid Rate Cut Anticipation
Gold prices experienced a minor retreat in Asian trading on Monday, as investors paused to assess th…
Markets’ Weekly Recap: Bets continue on a US rate cut sooner than expected
The financial markets witnessed many developments during the trading week ending on Friday, July 5, …
Explainer: Why Are Wall Street Discussions Recalling Sahm Rule?
Wall Street is buzzing about the Sahm Rule after the latest US Bureau of Labour Statistics data rele…
Market Analysis
July, 2020
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2 July 2020 5:00 pm
US Trade Deficit Widens to $54.6 B in May
Data released by the US Census Bureau and the Office of Economic Analysis said on Thursday that the United States’ international trade deficit widened to $ 54.6 billion in May from $ 49.8 billion in April. That recording was worse than the market expected; the market expected a deficit of …
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2 July 2020 4:50 pm
NFP Thursday: Second Increase is in Sight
Nonfarm Payrolls are expected to record a jump in June due to reopening operations and rehiring during the month. After an increase by 2.5m in May and a significant decrease in April, economists estimate a 4m gain in June. But as coronavirus hits back, the US job growth is likely …
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2 July 2020 4:17 pm
Eurozone Producer Prices Fell by 0.6% in May
The Eurozone producer prices fell by 0.6% in May compared to April, not in line with analysts’ expectations. Analysts had expected Eurozone producer prices to be 0.4% in May. According to estimates from Eurostat, the statistical office of the European Union. In April 2020, prices decreased by 2.0% in the …
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2 July 2020 3:38 pm
USD/CAD Bounces Back After Falling, Remains below 1.3600
The USD/CAD pair fell to 1.3573 during the European session, but then succeeded in making a slight bounce and gained 0.04% at the time of writing, reaching 1.3590 Good market sentiment that was seen in risk appetite and the rise of the leading European indicators, all made it difficult for …
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2 July 2020 2:49 pm
Russian Energy Minister: Oil Market Could Face a Shortage in July
Russia’s Energy Minister Alexander Novak said on Thursday that the global oil market may strike a balance between supply and demand and may face a shortage of crude. Citing Reuters. He added that investments in the global energy sector will decrease by one third this year, noting that recovery in …
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2 July 2020 1:59 pm
Eurozone Unemployment Rate Rises Less Than Expected in May
The Eurozone unemployment rate fell short of economists’ expectations in May, indicating that measures to protect jobs in the Eurozone have paid off. Although the unemployment rate in the Eurozone peaked for four-months high at 7.4%, data from Eurostat reported, economists’ expectations at 7.7%. The unemployment rate in April was …
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2 July 2020 1:37 pm
Fed Warns of a Financial Recession Due to Another Possible Wave of Covid-19 Outbreak
According to Reuters, citing FT, St. Louis Federal Reserve Bank president James Bullard has warned that a growing number of bankruptcies due to the coronavirus outbreak could lead to a financial crisis. Fed officials have warned that there might be other waves of coronavirus infections that could lead to horrible …
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2 July 2020 1:08 pm
EUR/USD Pushing Higher and Approaching 1.1300
The EUR/USD pair continues to trade with better sentiment for the second consecutive session, touching weekly highs near 1.13 levels The combination of hopes for a Covid 19 vaccine and headlines about Europe’s economic reopening has pushed traders toward riskier assets. In terms of data in the euro area, Spanish …
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2 July 2020 12:31 pm
Covid-19 updates: Vaccine trials showing promising results
Today’s updates on Covid-19 Victoria, the Australian state reported 77 new cases this Thursday.Where in the US, cases reached 575. On Wednesday, Pfizer announced that the experimental coronavirus vaccine that they co-developed with BioNTech triggered more robust immune responses in the early-stage of human trials. According to Reuters, BioNTech’s shares …
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2 July 2020 12:10 pm
Asian Stocks Are Near 4-Month Highs With Hopes of COVID 19 Vaccine
Asian stocks were sailing near 4-month highs on Thursday, as hopes doubled over a vaccine for COVID 19, while copper prices rose to a 6-month high. The entire market focus today is on US employment data, due for release later today, which will give clear cues of how the world’s …
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2 July 2020 11:49 am
European Shares Rise as COVID-19 Vaccine Approaches
European stocks rose on Thursday, with hopes increasing for a COVID-19 vaccine and other encouraging data, all of which led to a spike in sentiment ahead of NFP data from the US. Financial markets had started the second half of the year with positive news as the global slump in …
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2 July 2020 11:26 am
The US Dollar Index is Testing 97.00 Before US Data
The US dollar index continues to trade in defensive mode on Thursday. The index fell on data and Risk Trends on Wednesday, as sentiment improved with good news of approaching a vaccine for Covid-19 The better-than-expected US data as ISM Manufacturing rose to 52.6 for the month of June, in …
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