Gold fell in the Asian session on Thursday but remained above $ 1,800 for the third day in a row. Gold futures fell 0.04% at $ 1819.95 (3:22 GMT), the yellow metal managed to maintain gains of the previous four sessions. Covid-19 outbreaks and lockdowns resulted in investors going to …
Read More »Weekly Reap: Key Assets Have To Navigate Amid Uncertainties In Q4
Most financial market entered Q4 with a volatile earthquake, largely due to the heightened uncertain…
US stocks climb on upbeat sentiment after labour data
The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from t…
Gold slides following US NFP
Gold prices are back in the positive territory after a steep selloff after the US NFP data, and trad…
US Dollar sees best trading week in two years following NFP print
The US Dollar jumps higher after a massive positive Nonfarm Payrolls print. Tensions in the Middle E…
Goolsbee Lauds September’s Jobs Report
Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered th…
EUR/USD dragged lower following upbeat US labour data
EUR/USD slides below 1.1000 after robust US labor market growth. The EUR/USD pair falls sharply belo…
European Shares Subdued as Middle East Tensions Loom, Oil Stocks Offer Resilience
European shares remained subdued on Friday as investors weighed the risks of an expanding conflict i…
Dollar Holds Near Six-Week High Ahead of U.S. Jobs Report, Yen Surges After Turbulent Week
The U.S. dollar hovered close to a six-week high on Friday, bolstered by safe-haven demand amid risi…
Oil Prices Hold Steady Amid Middle East Tensions, Heading for Weekly Gains
Oil prices were relatively unchanged on Friday but remained on track for significant weekly gains as…
What can investors expect from looming NFP data?
As on the first Friday of every month, investors await the fresh NFP figures, The US economy is expe…
Market Analysis
July, 2020
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9 July 2020 9:54 am
FX Option Expiries For July 9 NY Cut
FX option expiries for July 9 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1275 986m1.1300 1.8bn1.1350 569m1.1375 956m1.1250 551m1.1300 1.9bn – USD/JPY: USD amounts 105.80 879m107.10 388m107.25 381m107.50 1.1bn – USD/CAD: USD amounts 1.3500 788m1.3600 888m – NZD/USD: NZD amounts 0.6485 506m0.6520 311m0.6550 345m
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9 July 2020 12:52 am
Wall Street Recovers Losses and Nasdaq Sets New Record
The New York Stock Exchange (NYSE) closed higher on Wednesday, after falling on Tuesday, following a record rising streak by the S&P index and Nasdaq breaking new record highs. Today, the Dow Jones Industrial Average gained 177.10 points, or 0.68%, and settled at 26,067.28, giving up earlier gains after nearing …
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9 July 2020 12:21 am
Bullard Sees US Unemployment at 8-7% in 2020
President of the Saint Louis Federal Reserve Bank, James Bullard, expects unemployment in the United States to fall below 8% or 7% by the end of 2020, from a current 11%. Bullard also said in a CNBC intaerview on Wednesday that he is optimistic about the economic recovery.
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9 July 2020 12:05 am
Oil Settles Higher on Rising Gasoline Demand
Oil prices kept its movement within a limited range since the beginning of the week but closed higher on Wednesday. The global benchmark Brent crude futures rose by 21 cents and settled at $43.29 per barrel. Meanwhile, the US benchmark West Texas Intermediate (WTI) futures closed higher by 28 cents …
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8 July 2020 11:52 pm
Fed’s Rosengren: Recovery to Be Slower than Expected
It could take the US economy longer than previously expected to recover from the COVID-19 crisis, said the President of the Boston Federal Reserve Bank, Eric Rosengren, according to Reuters. In addition, Rosengren believes that demand for the Federal Reserve’s Main Street lending program would grow over time. “There are …
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8 July 2020 11:06 pm
Bostic: Economic Activity is Levelling Off
The President of the Federal Reserve in Atlanta, Raphael Bostic, said on Wednesday that “The energy for reopening businesses and for just general activity is starting to level off,” as quoted by Reuters. “This is something we are going to watch extremely closely,” he added.
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8 July 2020 10:58 pm
Gold Prices Jump to Another Record High
Gold prices maintained an upward trend for the fourth consecutive session on Wednesday, closing at a new record high for the second day in a row. The yellow metal has been soaring above the $1,800-mark since Tuesday. Gold futures for August delivery settled higher by $10.70, or 0.6%, at $1,820.60 …
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8 July 2020 9:46 pm
European Stocks in Losses amid COVID-19 Worries
European stocks closed lower on Wednesday with the rising cases of COVID-19 raising concerns about the reopening of business worldwide and the highly anticipated global economic recovery. The pan-continental STOXX Europe 600 index settled down by 0.67% at 366.48 points. In the London Stock Exchange (LSE), the FTSE100 index closed …
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8 July 2020 9:35 pm
Singh: Fed Must Stay Vigilant
Emergency lending provided by the US Federal Reserve has helped stabilize the market amid the COVID-19 crisis, said Daleep Singh, the Head of the Markets Group at the New York Federal Reserve. Singh noted that the Fed must stay vigilant and be prepared to adjust its approach if necessary as …
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8 July 2020 8:38 pm
Merkel: EU Must Be Prepared for a No-Deal Brexit
Germany is committed to reaching a new partnership agreement between the European Union (EU) and the United Kingdom (UK), but the EU should prepare for a no-deal Brexit, German Chancellor Angela Merkel told the European Union on Wednesday. The two sides are negotiating to reach a trade and cooperation deal …
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8 July 2020 8:15 pm
Merkel Calls for More Unity within EU
German Chancellor Angela Merkel has called for more unity among members of the European Union (EU) in her speech to the European Parliament in Brussels on Wednesday, Reuters reported. The speech came as Germany began a six-month presidency of the European bloc that began on 1 July. Speaking about the …
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8 July 2020 7:28 pm
EIA: US Oil Inventories up 5.7 M Barrels
Crude oil inventories in the United States increased by 5.7 million barrels last week, data by the US Energy Information Administration (EIA) showed on Wednesday. This comes after a decrease of 7.2 million barrels in the previous week, and against expectations of another decline. WTI futures are currently trading at …
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