Gold rose Wednesday, December 2, to its highest level in more than a week, supported by the dollar’s decline, while signs of progress in discussions on a new US stimulus package to mitigate the repercussions of the Covid-19 pandemic boosted the appetite for the precious metal as a hedge against …
Read More »U.S. Stock Index Futures Flat as Investors Await U.S.-China Trade Talks and Key Inflation Data
U.S. stock index futures were little changed on Monday, with market participants taking a cautious s…
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…
Market Analysis
December, 2020
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2 December 2020 5:38 pm
Gold Rises to a Week High on The Back of The Dollar’s Decline And Hopes of US Stimulus
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2 December 2020 4:33 pm
Biden’s Comments On The Trade Deal Halted Losses in The Dollar And Reinforced The Decline of Chinese Yuan
The dollar settled near its lowest level in two and a half years Wednesday, December 2, as investors assess the prospects for further fiscal stimulus in the United States, while riskier currencies held onto their gains as investor confidence improved. The Chinese yuan lost some of its gains in Asian …
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2 December 2020 4:01 pm
Euro Area Unemployment Rate Declines to 8.4% in October
The seasonally-adjusted Unemployment Rate in the euro area ticked down to 8.4% in October from 8.5% in September, the data published by the Eurostat showed on Wednesday. This reading came in line with analysts’ estimates.
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2 December 2020 2:41 pm
German Retail Sales Rebound Before a Partial Close
German retail sales rebounded more than expected in October, data reported Wednesday, December 2, indicating that consumers supported overall growth in Europe’s largest economy ahead of partial lockdown measures to contain the second wave of the coronavirus pandemic. The Federal Statistics Office said retail sales rose 2.6% in October on …
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2 December 2020 2:02 pm
Oil is Declining as Investors Welcome The Good News of The Vaccine
Oil prices fell in early transactions on Wednesday, December 2, but recovered some losses later after news indicating that Britain has become the first country in the world to agree to use a vaccine for Covid-19, which will start from next week. Prices fell earlier after an unexpected build-up in …
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2 December 2020 1:17 pm
Gold Declining Amid Doubts About US Stimulus Package
Gold fell on Wednesday 2 December, as investors were cautiously dominated due to doubts about progress in the stimulus package in the United States, while reports of developments regarding the Covid-19 vaccine added pressure. Spot gold prices fell 0.3% to $ 1808.67 an ounce after an increase of more than …
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2 December 2020 12:44 pm
Britain Allows The Use of The Pfizer-BioNTech Vaccine
The United Kingdom has become the first country in the world to authorize the Pfizer and BioNTech coronavirus vaccine, making it available as of next week. “The government today accepted the MHRA recommendation to approve the use of the Pfizer-BioNTech Covid-19 vaccine,” the government said. And “the vaccine will be …
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2 December 2020 3:26 am
Fed and Treasury Call for New Stimulus
The Chairman of the United States Federal Reserve, Jerome Powell, warned on Tuesday that the negative impacts from the Coronavirus pandemic could lead to greater inequality. Powell also called for greater government support, the New York Times reported. “There is a great risk of the pandemic making them worse,” Powell …
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2 December 2020 2:22 am
NYSE Closes on Multiple New Records
The New York Stock Exchange (NYSE) saw a record-breaking performance on Tuesday, supported by an improved sentiment regarding a possible agreement on a new stimulus package. The Dow Jones Industrial Average broke the 30,000-point level once again and reached 30,046 earlier in the session, before closing higher by 185.28 points, …
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2 December 2020 2:06 am
Oil Closes at Lowest Level in Week
Oil prices fell on Tuesday to their lowest level in about a week, after the OPEC+ alliance delayed its decision regarding output cuts, in a move that was somehow expected. Brent crude futures for February delivery fell by 46 cents, or 1%, at $47.42 per barrel. West Texas Intermediate (WTI) …
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2 December 2020 1:54 am
Copper Reaches Highest Levels in More than Seven Years
Copper futures rose on Tuesday to their highest level in about seven years, continuing a strong rally supported by increased demand and strong investors’ appetite for the red metal. Strong manufacturing data in China, and relatively in the United States, are also providing support for copper. Copper futures for March …
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2 December 2020 12:57 am
Gold Shows Strong Recovery as USD Declines
Gold prices recovered on Tuesday from its lowest level in about five months, logging its biggest daily rise in about three weeks. This comes as the US Dollar (USD) declined across the board following the release of mixed economic data. Gold futures for February delivery gained $38, or 2.1%, to …
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2 December 2020 12:40 am
Fed’s Daly: Easy Policy Must be Maintained
The President of the Federal Reserve Bank of San Francisco, Mary Daly, said on Tuesday that the United States Federal Reserve needs to maintain its monetary easing policy during the economic recovery from the Coronavirus crisis to achieve its targets, Reuters reported. “Hitting or exceeding 2% inflation for a few …
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