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Market Analysis

November, 2020

  • 25 November 2020 1:38 pm

    Gold Declining as WH Begins Transition Process

    Gold fell on Wednesday, November 25, with the start of the official transition process for Joe Biden to the White House and optimism about vaccines for the Coronavirus, which reduces the appeal of gold as a safe haven. Gold spot fell 0.1% to 1805 dollars an ounce by 06:48 GMT. …

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  • 25 November 2020 1:10 pm

    European Stocks Rise in Support of Easing And Vaccine Hopes

    European stocks held near their nine-month highs on Wednesday, November 25, as sentiment remained high, supported by an easing of restrictions linked to the Coronavirus in the region and growing hopes that a vaccine would soon be ready. The European Stoxx600 index rose 0.3%, as banking services stocks rose 1.6% …

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  • 25 November 2020 12:35 pm

    Oil Rising on Increasing Optimism About Vaccine

    Oil rose for the fourth session in a row on Wednesday, November 25, as the market ignored a report by the sector that showed that US crude stocks rose more than expected, continuing this rise supported by hopes that a vaccine for Covid-19 would support oil demand. By 0616 GMT, …

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  • 25 November 2020 4:05 am

    How is in the Next Biden Administration?

    President-elect of the United States, Joe Biden, has vowed to choose a diverse cabinet that represents all Americans. After a lot of anticipation and expectations, we are finally getting to know some of the names that he will nominate to his cabinet. Janet Yellen The first chairwoman of the US …

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  • 25 November 2020 3:45 am

    US Treasury Yields Rise on Improved Outlook

    Treasury yields in the United States rose on Tuesday, due to increased risk appetite and an expected smooth transition in the White House. Return on the 10-year Treasury notes went up by 2.4 basis points to 0.881%. The 30-year bonds yield rose by 4.1 basis points to 1.603%. Meanwhile, the …

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  • 25 November 2020 2:28 am

    Oil Finishes at Highest Level in About Nine Months

    Oil prices continued to rally on Tuesday, achieving big gains to finish near its highest level since early March. Brent crude futures for January delivery surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery soared by $1.85, …

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  • 24 November 2020 11:00 pm

    Gold Prices Fall for Second Day in Row

    Gold prices continued to make big losses on Tuesday, for the second consecutive session, amid improved risk appetite and aversion from safe havens, on the back of positive news about Coronavirus vaccines. In addition, an expected smooth transition in the US administration from the incumbent president to the president-elect helped …

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  • 24 November 2020 10:42 pm

    USD Declines amid Increased Risk Appetite

    The US Dollar (USD) is declining across the board on Tuesday, on the back of higher risk appetite that comes supported by recent positive news about Coronavirus vaccines. The Dollar index (DXY), which measures the USD performance in front of a basket of six major international currencies, is down by …

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  • 24 November 2020 10:39 pm

    European Stocks Close Higher

    European stocks closed Tuesday higher, supported by an improved risk appetite and positive news about Coronavirus vaccine candidates. The STOXX Europe 600 index rose by 0.83%, to finish at 392.05 points. The UK’s FTSE100 increased by 1.55%, while the German index DAX gained 1.26%. Meanwhile, the French index CAC40 settled …

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  • 24 November 2020 9:30 pm

    Dow Hits New All-Time High

    The Dow Jones Industrial Average index surged on Tuesday, supported by gains by major stocks listed on the New York Stock Exchange (NYSE), or Wall Street, as well as the beginning of the transition from the Trump administration to that of President-elect Joe Biden. The index broke the 30,000-point mark …

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  • 24 November 2020 8:08 pm

    US Consumer Confidence Declines in November

    The Conference Board’s index of consumer confidence in the United States declined to 96.1 in November, down from a revised reading of 101.4 in October, data showed on Tuesday. This comes as the rising number of new Coronavirus cases across the states pushed down consumer confidence. “Heading into 2021, consumers …

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  • 24 November 2020 6:36 pm

    Richmond Federal Reserve Manufacturing Index Falls to 15

    The Federal Reserve Bank of Richmond’s Manufacturing Index declined in November, data showed on Tuesday. The index dropped to 15 from a previous reading of 29 in October. However, the index remained firmly in expansionary territory, as all three component indexes — shipments, new orders, and employment — had positive …

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  • 24 November 2020 5:42 pm

    US: Philly Fed Nonmanufacturing Index slumps to 5.3 in November

    The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Nonmanufacturing Business Outlook Survey fell sharply to 5.3 in November, the lowest reading since June, from 25.3 in October, the monthly data showed on Tuesday.

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