The US Federal Reserve has extended its lending facilities due on September 30 for three months to the end of 2020. The move comes as an effort to ease pressures on business amid the COVID-19 crisis. The three-month extension will facilitate planning by potential facility participants and provide certainty that …
Read More »Weekly Reap: Key Assets Have To Navigate Amid Uncertainties In Q4
Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertain…
US stocks climb on upbeat sentiment after labour data
The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from t…
Gold slides following US NFP
Gold prices are back in the positive territory after a steep selloff after the US NFP data, and trad…
US Dollar sees best trading week in two years following NFP print
The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle E…
Goolsbee Lauds September’s Jobs Report
Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered th…
EUR/USD dragged lower following upbeat US labour data
EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply belo…
European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience
European shares remained subdued on Friday as investors weighed the risks of an expanding conflict i…
Dollar Holds Near Six-Week High Ahead of U.S. Jobs Report, Yen Surges After Turbulent Week
The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid risi…
Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains
Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as…
What can investors expect from looming NFP data?
As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expe…
Market Analysis
July, 2020
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28 July 2020 9:15 pm
European Stocks Settle Higher
European stocks returned to gains and closed higher on Tuesday, supported by increased demand from investors. The STOXX Europe 600 index rose by 0.47% and closed at 367.87. Meanwhile, FTSE100 settled higher by 0.40%, while CAC40 declined by 0.22%. DAX and FTSE MIB closed lower by 0.026% and 0.6%, while …
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28 July 2020 8:49 pm
GBP/USD at Best Level in Four Months
The British Pound (GBP) rose on Tuesday against the US Dollar (USD), to its highest level in about four months. The GBP appreciation came on the back of positive news about progress in the post-Brexit trade agreement between the UK and the EU. The GBP/USD is trading at 1.2939, up …
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28 July 2020 7:12 pm
US Consumer Confidence Slumps in July
Consumer confidence in the United States declined during July, as shown by data released by the Conference Board on Tuesday. The Consumer Confidence Index decreased in July, after increasing in the previous month. The index reached 92.6 this month, down from 98.3 in June. In addition, the expectations index, based …
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28 July 2020 1:04 am
Daily Recap: Monday, July 27, 2020
Gold continued its rising rally on Monday, breaking its all-time record high for the second consecutive session, amid a decline by the USD. Meanwhile, the Euro maintained its gains against the USD. As for stocks and oil prices, both rose on hopes for a new stimulus package by the US …
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28 July 2020 1:00 am
DXY to Settle Lower by 0.8%
The Dollar Index (DXY), which measures the performance of the US Dollar (USD) against a basket of major international peers, declined on Monday, due to the rising number of COVID-19 cases in the United States. Meanwhile, the market is anticipating the Congress passing a new economic stimulus package, as well …
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28 July 2020 12:42 am
NYSE Closes Higher on Stimulus Package
The New York Stock Exchange (NYSE) settled lower on the first session of the week, closing higher on Monday on the back of news about a new $1 trillion stimulus package to be soon approved by the US Congress. The Dow Jones Industrial Index rose by about 115 or 0.43%, …
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28 July 2020 12:10 am
Oil Futures Recovery Losses and Finish Higher
Oil prices increased on Monday, recovering from losses earlier in the session, amid hoped for improved demand on the back of a new stimulus package, which is set to be approved by the US Congress soon. The West Texas Intermediate (WTI) futures for September delivery settled higher by 31 cents …
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27 July 2020 10:49 pm
US Treasury Yields Rise on Increased Demand
US Treasury yields increased on Monday, with more investors showing demand for safe havens, amid an anticipation for the next Federal Reserve meeting this week, in which maintaining interest rates at their current levels is highly expected. Yields on the 10-year bonds increased by 0.010 basis points (bps), while the …
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27 July 2020 10:13 pm
European Stocks Close Lower
European stocks settled lower on Monday, on the back of rising tensions between the US and China, as well as concerns regarding the COVID-19 pandemic, after the UK imposed a two-week quarantine on people returning from Spain, after an increase in the number of cases there. The Stoxx Europe 600 …
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27 July 2020 10:06 pm
Gold Settles at New Record Level
Gold prices rose on Monday to a new record high, with the US Dollar continuing to decline and demand for safe havens increasing amidst worries regarding the COVID-19 pandemic. Gold futures for August settled higher by $33.50 or 1.8% to settle at $1,931 per ounce, registering its second historic highest …
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27 July 2020 9:45 pm
Euro Continues Rally on USD Woes
The Euro rose against the US Dollar on Monday, nearing a two-year high, with the US continuing to register an increasing number of COVID-19 cases. The market anticipates a second stimulus package that could be soon approved by Congress, as well as the upcoming Federal Reserve meeting this week. Meanwhile, …
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27 July 2020 8:24 pm
Travel Bans Will Not Continue Forever: WHO
“It is going to be almost impossible for individual countries to keep their borders shut for the foreseeable future. Economies have to open up, people have to work, trade has to resume,” the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, said on Monday. “Where these measures are …
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