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 …
Read More »Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
Bitcoin traded largely flat on Wednesday, pausing after Tuesday’s sharp gains as traders diges…
European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of t…
Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed
Gold prices edged higher in Asian trading on Wednesday, buoyed by safe-haven demand after a U.S. cou…
Energy Market Story: Crude Retreats as Profit-Taking Caps Trade-Driven Surge
The energy market on Tuesday, June 10, 2025, saw West Texas Intermediate (WTI) crude oil surge to a …
Market Drivers: Could CPI Data Shift Fed’s Potential Easing Path in September?
The US Dollar edged higher on Tuesday, rebounding from a weak start to the week, buoyed by cautious …
USD/JPY Treads Water as Trade Talks and CPI Data Loom
The USD/JPY pair, up 0.25% at 144.95, clings to support above 144.90 as markets grapple with US-Chin…
Liquidity Crunch: Traders Face a Shifting Market in June 2025
Markets in June 2025 face a liquidity squeeze that’s reshaping how traders operate. U.S. Treasury yi…
Dollar Climbs and US Stocks Ride Risk-On Wave on Trade Talk Optimism
The US Dollar Index, tracking the currency against six major peers, rose 0.13% to 99.07 from 98.94, …
Gold Prices Struggle To Hold Steady Amid US-China Talks, CPI Anticipation
Gold prices, down 0.08% at $3,322.945 after reaching a daily high of $3,347.68, hold steady above th…
Market Analysis
November, 2020
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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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24 November 2020 4:22 pm
UK Retail Sales Post The Biggest Drop Since June
A survey showed that British retail sales recorded the biggest drop since June this month under isolation measures in most parts of the country, but the decline was less than most economists feared, as online sales absorbed part of the decline. The Confederation of British Industry said its index of …
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24 November 2020 3:43 pm
Turkish Lira Down 2% Against US Dollar
The Turkish lira fell by up to 2% to more than 8 lira against the dollar on Tuesday, November 24, to continue its losses this week as investors exploited a strong recent rise to form positions of currencies and gold. The pound fell to 8.05 against the US currency, compared …
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24 November 2020 3:18 pm
Bitcoin Crosses $19,000 For The First Time Since December 2017
Bitcoin hit $19,000 on Tuesday, November 24 for the first time in nearly three years, and is close to reaching an all-time high of just under $ 20,000. The world’s most popular cryptocurrency increased about 160% this year, supported by demand for riskier assets amid unprecedented fiscal and monetary stimulus …
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24 November 2020 2:31 pm
AUD and EUR Rise With The Start of Transition Process
Riskier currencies like the Australian dollar surged on Tuesday (November 24th) after US President Donald Trump authorized the transfer of power to President-elect Joe Biden. The New Zealand dollar was one of the biggest gainers, up by 0.9%, rising to its highest level in two years at $ 0.6985, after …
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24 November 2020 2:03 pm
Brent Rises to Highest Level Since March
Brent crude prices reached their highest levels since March, as news of a promising third Coronavirus vaccine supported hopes for a faster recovery in oil demand, while US President-elect Joe Biden received the green light to start the transition process for his leadership. By 07:44 GMT, Brent crude futures increased …
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24 November 2020 1:36 pm
German IFO Business Climate Index Falls to 90.7 in November
The headline German IFO Business Climate Index came in at 90.7 for November, down from the previous month’s 92.7 but matched consensus estimates. Meanwhile, the Current Economic Assessment arrived at 90.0 points during the reported month as compared to last month’s 90.3 and 87.2 anticipated. On the other hand, the …
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24 November 2020 1:05 pm
Japan Shares Closed at Peak of Several Years on Vaccine Hopes And Biden
Japanese stocks closed at a multi-year high on Tuesday, November 24, as progress in developing an inexpensive vaccine to prevent the Coronavirus boosted hopes for a speedy economic recovery, and sentiment received additional support from the approval of a formal transfer of power to US President-elect Joe Biden. The Nikkei …
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24 November 2020 12:28 pm
Gold Dropping on Vaccine Hopes And Smooth Transition in The White House
Gold continued to decline to its lowest level in four months Tuesday, November 24, as investors appealed to high-risk assets after the pharmaceutical company, AstraZeneca, ignited the race for a Coronavirus vaccine and a US federal agency approved the start of procedures for the presidential transition in the United States …
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24 November 2020 1:52 am
UK Again Preparing for No Deal Brexit
The UK’s Minister of Finance, Rishi Sunak, has played down the effect of a no trade deal Brexit, in a recent interview with the Financial Times. “They may well talk, but nothing is scheduled.”“We aren’t quite at the point where leaders get involved.” Sunak did not reveal a model in …
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24 November 2020 1:42 am
Biden to Name Yellen as Treasury Secretary
The United States President-elect Joe Biden is reportedly planning to nominate the former Federal Reserve Chairwoman Janet Yellen to be the next Secretary of Treasury, the Wall Street Journal has reported.
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24 November 2020 1:39 am
Wall Street Ends Monday Higher on Vaccine News
The main indices of the New York Stock Exchange (NYSE) closed higher on Monday, opening the week with a positive performance, supported by news about the success of new Coronavirus vaccines. The Dow Jones Industrial Average finished higher by 327.79 points, or 1.12%, at 29,591.27 points. The S&P 500 index …
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