The dollar stabilized against most currencies on Tuesday, November 17th, as the return of restrictions in some US states and concerns about a smooth transfer of power to President-elect Joe Biden dispelled optimism about a coronavirus vaccine. Meanwhile, the British pound rose thanks to media reports that Britain might reach …
Read More »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…
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…
Market Analysis
November, 2020
-
17 November 2020 1:29 pm
Germany’s Merkel: Coronavirus Cases Are Not Falling as Fast as we Expected
Germany’s Chancellor Angela Merkel said on Tuesday, “coronavirus cases are not falling as fast as we expected,” adding that the “economy will recover if we keep virus numbers low.” She said: “Virus numbers are too high, contacts must be reduced.”
Read More » -
17 November 2020 12:56 pm
Gold Falls as Vaccine Hopes Outweigh The Weak Dollar
Gold prices fell on Tuesday, November 17th, as market optimism about a possible second vaccine for Covid-19 balanced the dollar’s weakness and concerns about a rise in global coronavirus cases. Spot gold fell 0.1% to $ 1886.17 an ounce by 06:23 GMT, while US gold futures fell 0.2% to $ …
Read More » -
17 November 2020 12:28 pm
Oil Prices Rising And Eyes on Opec+
Oil prices rose on Tuesday, November 17th, thanks to expectations that OPEC and its allies will extend crude production cuts for at least three months, while sentiment boosted on news of another promising Coronavirus vaccine. Brent crude in January contracts rose 26 cents, equivalent to 0.6%, to $ 44.08 a …
Read More » -
17 November 2020 2:51 am
Citi Sees 10-Year Treasury Yields at 1.25% Next Year
Citi bank expects that the 10-year Treasury yields in the United States will rise to 1.25%, from a current 0.9%, in 2021. This should be as markets look through bad fundamentals towards recovery, MarketWatch reported. “We expect the bond selloff to stop when yields reach 1.25%, so removing a key …
Read More » -
17 November 2020 12:49 am
Oil Logs another Gain on Vaccine News
Oil prices rose on Monday, supported by positive news about a Coronavirus vaccine by Moderna. Earlier today, Moderna reported that its vaccine candidate has proved about 95% effective in the prevention of contracting the virus. Brent crude futures for January delivery closed higher by $1.04, or 2.4%, at $43.82 per …
Read More » -
17 November 2020 12:39 am
Gold Maintains Gains for Third Day in Row
Gold prices rose on Monday for the third consecutive session, amid concerns about the new wave of the Coronavirus pandemic, despite positive news about the vaccine being developed by Moderna. Accordingly, gold futures for December delivery saw limited gains, closing higher by $1.60, or 0.08%, at $1,887.80 per ounce. Last …
Read More » -
16 November 2020 10:51 pm
European Stocks Close Higher on Vaccine News
European stocks closed Monday higher, opening the week with a positive performance on the back of positive news about the Moderna COVID-19 vaccine. The STOXX Europe 600 index rose by 1.18% and finished at 389.74 points. The UK’s FTSE100 closed higher by 1.66%, while the French CAC40 index gained 1.7%. …
Read More » -
16 November 2020 8:27 pm
AUD/USD Shows Strong Gains on Chinese Data
The Australian Dollar (AUD) continues to show a strong performance on Monday, supported by strong industrial data in China, since China is Australia’s largest trade partner. The AUD is up by 072% against the US Dollar (USD), with the AUD/USD pair trading at 0.7322. The pair has been moving in …
Read More » -
16 November 2020 7:41 pm
USD Attempting Recovery from Daily Lows
The US Dollar (USD) is attempting recovery on Monday, after spending most of the European session in the negative territory. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.08% at 93.68. The index has been moving today in …
Read More » -
16 November 2020 7:01 pm
Canadian Manufacturing Sales Rise in September
Manufacturing sales in Canada increased by 1.5% to CAD 53.8 billion in September, data by Statistics Canada showed on Monday. The reading follows a monthly revised decline of 1.4% in August, from an initially estimated 2% decrease.
Read More » -
16 November 2020 6:10 pm
US: NY Empire State Manufacturing Index Drops to 6.3 in November
The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 6.3 in November from 10.5 in October, the NY Fed’s report revealed on Monday. This reading missed analysts’ estimate of 13.5 by a wide margin.
Read More » -
16 November 2020 4:41 pm
Moderna Says Its COVID-19 Vaccine is 94.5% Effective
Moderna said its initial, third-beta data show its coronavirus vaccine is more than 94% effective in preventing Covid-19 – a result that CEO Stéphane Bancel has called it a “game-changer”. He added, “The thing that got me the most excited today was the severe disease.” Moderna, which developed its vaccine …
Read More »