European stocks closed higher on Tuesday, supported by an improved sentiment regarding Coronavirus vaccines and trade talks between the European Union (EU) and the United Kingdom (UK). The Stoxx Europe 600 index closed higher by 0.2% recovering most of its losses on the first session of the week. The UK’s …
Read More »Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Market Analysis
December, 2020
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8 December 2020 5:26 pm
Consumer Spending And Exports Drive Growth in Eurozone to a Record High
The European Union’s statistics office said that the euro zone economy recorded the highest quarterly growth rate in the summer, recovering from a record contraction due to the Covid-19 pandemic, amid a significant increase in consumer spending and exports. Eurostat said gross domestic product (GDP) in the 19-nation bloc increased …
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8 December 2020 4:58 pm
British Pound Falling on Brexit Headlines
The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an …
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8 December 2020 3:59 pm
Germany’s ZEW Survey Improves in December
The recently published Germany’s ZEW Survey showed a large improvement in the Economic Sentiment to 55.0 vs 46.0 expected and from 39 in November. The expectations component is what really shines in the report, as ZEW said in its publication: “The announcement of imminent vaccine approvals makes financial market experts …
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8 December 2020 3:50 pm
Annual GDP in Eurozone Contracts by 4.3% in Q3
The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …
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8 December 2020 3:49 pm
EU Commission: Brexit Talks Can Continue After Transition Period Ends
A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.
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8 December 2020 3:26 pm
Oil Continues Its Losses With Increasing Pessimism
Oil prices fell on Tuesday, December 8, continuing the losses incurred in the previous session, at a time when California tightened general isolation measures to confront the Coronavirus pandemic during Christmas. Brent crude futures were down 51 cents, or 1.1%, to $ 48.28 a barrel by 07:44 GMT. US West …
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8 December 2020 2:43 pm
Japan’s Economy Grew by 22.9% in Q3
The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%. Household spending in Japan rose for the first …
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8 December 2020 2:05 pm
Gold at a Peak of Two Weeks on Stimulus Headlines
Gold prices rose to a two-week high on Tuesday, December 8th, thanks to hopes that US lawmakers will reach an agreement on a financial stimulus package to ease the economic consequences of the growing infection with the Coronavirus. Gold rose in the spot market 0.3% to $ 1869.06 an ounce …
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8 December 2020 1:12 pm
Japan Stocks Declining for The Third Day, All Eyes on the US Stimulus Debate
Japanese stocks fell for the third session in a row on Tuesday, 8 December, as a month-long rally was exhausted, as investors awaited the decision of US lawmakers on a new package to mitigate the repercussions of the Covid-19 pandemic. The Nikkei index declined by 0.3% to close at 26,467.08 …
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8 December 2020 12:29 pm
UK Vaccination Programme Getting Under Way
The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …
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8 December 2020 12:28 pm
PBOC Sets Yuan Reference Rate at 6.5320
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.5320 versus Monday’s fix at 6.5362.
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8 December 2020 3:54 am
UK and EU Pushing for Post-Brexit Trade Deal
The British government and the European Union (EU) are holding what could be the latest round of talks to reach a trade agreement for the post-Brexit stage. Significant differences reportedly still remain, CNBC reported citing sources in the United Kingdom (UK). Disagreements are mainly within three issues, namely: fisheries, competition …
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