British Trade Minister Truss said that the UK determined to reach a trade agreement with Canada before the end of the year. She said she hoped the UK would be able to move forward with the trade agreement with Canada and added, ” By no means are we entirely focused …
Read More »Oil Prices See Modest Gains Ahead of U.S.-China Trade Talks and Ongoing Geopolitical Tensions
Oil prices inched higher on Tuesday as investors cautiously awaited the outcome of ongoing U.S.-Chin…
European Equities Remain Range-Bound as Investors Await Progress in U.S.-China Trade Talks
European equity indices traded in tight ranges on Tuesday, with investors closely watching ongoing t…
Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data
Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite and reduce…
Crude Oil Rises on Trade Talks Hopes, Summer Demand Bets
West Texas Intermediate (WTI) crude oil prices surged past $64.00 per barrel on June 9, 2025, hittin…
EUR/USD Jumps Past 1.14 on Trade Talks Hopes, ECB’s Hawkish Rhetoric
The EUR/USD pair surged beyond 1.1424; climbing over 0.27% as buoyant market sentiment and a firm Eu…
Gold Surges as Dollar Weakens and Trade Talks Shift
Gold prices are climbing, reaching $3,333.95 per ounce, up +0.73% during the North American trading …
WWDC 2025: Wall Street Watches Apple’s Software, AI Upgrades, Market Gains
Apple’s Worldwide Developers Conference (WWDC), kicking off in Cupertino on June 9, 2025, promises a…
How Dollar Dynamics React with U.S.-China Trade Talks
The U.S. Dollar is navigating choppy waters as trade negotiations with China take center stage. Pres…
Falling Inflation Expectations Signal Shifting US Economic Outlook
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, released on June 9, 2…
Earnings Season Heats Up with GameStop, GitLab, and Smucker
As earnings season rolls on, a fresh wave of companies, including GameStop, GitLab, and J.M. Smucker…
Market Analysis
November, 2020
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19 November 2020 2:09 pm
Gold at Its Lowest Level in a Week as Hopes For a Faster Economic Recovery Increase
Gold fell to its lowest level in a week on Thursday, November 19, as the encouraging developments related to Covid-19 vaccines boosted hopes for a faster recovery of the global economy, despite the continued increase in cases of Coronavirus. By 07:59 GMT, spot gold prices fell 0.4% to $ 1863.12 …
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19 November 2020 1:34 pm
China: Our Country is Open to Joining Regional Economic Partnership
The Chinese Ministry of Commerce said that China is open to the idea of joining the Comprehensive and Progressive Partnership Agreement across the Atlantic. Gao Feng, the spokesman for the ministry, made the remarks at a press conference in Beijing. Last week, 15 countries from the Asia-Pacific region, including China, …
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19 November 2020 1:20 pm
ECB’s Lagarde: PEPP Was Targeted to be Temporary, Exceptional
The European Central Bank (ECB) President Christine Lagarde added to her earlier comments and said that PEPP was targeted to be temporary, exceptional. Lagarde was speaking at the ECON Committee of the European Parliament (by videoconference). By definition ECB won’t go bankrupt or run out of money.ECB is extremely attentive …
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19 November 2020 12:17 pm
Japan Shares Decline After Tokyo Raised The Coronavirus Warning to Its Highest Level
Japanese shares fell for the second session on Thursday, November 19, after the capital, Tokyo, issued the highest warning about the Coronavirus, as it recorded a record increase in daily cases, which raised concerns about strengthening restrictions on local economic activity. The Nikkei index fell 0.36% to 25634.34 points at …
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19 November 2020 3:50 am
Coronavirus Vaccine Could Lead to USD Depreciation
Large-scale distribution of Coronavirus vaccines, coupled with the current monetary easing policy by the United States Federal Reserve could lead the US Dollar (USD) to weaken by as much as 20% in 2021, according to a recent report by Citibank, Reuters reported. “When viable, widely distributed vaccines hit the market, …
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19 November 2020 2:53 am
Barkin: Fed Continues Policy Accommodation
The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Wednesday in an interview with Yahoo Finance that the Fed will continue with its policy accommodation through monthly bond purchases. “Every month we engage in those asset purchases is more stimulus.”“That’s a lot of support to the …
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19 November 2020 2:28 am
Fed’s Williams More Upbeat on Economic Recovery
President of the Federal Reserve Bank of New York, John Williams, said that his view on the economy has become somewhat more upbeat. Williams reiterated the Fed’s commitment to using all available tools to support a strong economy, MarketWatch reported. “We have the ability especially with monetary policy to make …
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19 November 2020 2:05 am
New York Closes Schools to Face COVID-19
New York City is closing its schools again in order to curb the renewed spread of the Coronavirus pandemic, Mayor Bill de Blasio announced on Wednesday. “New York City has reached the 3% testing positivity 7-day average threshold. Unfortunately, this means public school buildings will be closed as of tomorrow, …
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19 November 2020 2:02 am
Oil Rises to Highest Level in Two Months
Oil prices rose on Wednesday, closing at their highest level since early September, supported by an improved outlook due to recent developments in Coronavirus vaccine research. Brent crude futures for January delivery rose by 59 cents, or 1.4%, to finish at $44.34 per barrel. Meanwhile, the West Texas Intermediate (WTI) …
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19 November 2020 12:38 am
Gold Declines for Second Day in Row
Gold prices declined for the second consecutive session on Wednesday, amid improved investors’ sentiment and risk appetite and a decreased demand for safe havens. Gold futures for December delivery decreased by $11.20, or 0.6%, to settle at $1,873.90 per ounce.
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18 November 2020 11:07 pm
US Crude Inventories Rise in Week
Crude oil inventories in the United States increased last week by 800,000 barrels, according to data by the US Energy Information Administration (EIA) on Wednesday. By the end of 13 November, American crude stockpiles stood at 489.5 million barrels. Meanwhile, gasoline inventories increased by 2.6 million barrels last week, while …
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18 November 2020 8:32 pm
Canada’s CPI Rise 0.7% in October
Canada’s consumer price index (CPI) rose in October by 0.7% on an annual basis, on the back of higher food prices, according to data by Statistics Canada. This comes following an increase 0.5% in September. The rise in inflation rate last month exceeds market expectations of a 0.4% rise in …
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