Reuters revealed that Germany imposed a travel ban on travellers from Britain, Northern Ireland and South Africa until January 6. According to Reuters, it is prohibited for railways, buses, freight and air companies to transport passengers from these destinations to Germany. added that German citizens and residents of the country …
Read More »Could Trump’s Trade Triumphs Fuel America’s Economic Surge?
A Week of Trade Talks and Market MomentumThis week, global markets buzzed with optimism as President…
U.S. Stock Futures Rise Amid Trade Deal Optimism and Key Week Ahead for Earnings, Economic Data, and Central Bank Decisions
U.S. equity futures were higher on Monday, buoyed by a U.S.–EU trade deal, as investors braced for a…
European Shares Reach Four-Month High on Trade Deal Optimism
European stocks rose on Monday, marking a four-month high, as a U.S.–EU trade deal brought relief to…
Gold Prices Hold Steady Amid Trade Deal Optimism and Fed Rate Decision
Gold prices stabilized in Asian trade on Monday, following three consecutive days of declines, as op…
Bitcoin Rebounds Above $119,000 Amid U.S.-EU Trade Deal Optimism
Bitcoin prices edged higher on Monday, rebounding from two-week lows, buoyed by positive sentiment s…
Oil Prices Rise on Trade Deal Optimism and Future Demand Expectations
Oil prices inched higher on Monday after the U.S. and European Union (EU) reached a trade agreement …
Weekly Recap: Earnings, Trade Wins and Fed Talks Shape the Week
US President Donald Trump has announced that a trade deal has been struck between the US and the EU …
Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Market Analysis
December, 2020
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22 December 2020 3:04 pm
Currencies Overview: EUR and GBP Facing Pressure, US Dollar Continues to Rise
The euro and the pound faced pressure against the dollar today, Tuesday, with the outbreak of a new strain of the Coronavirus in Britain, which led to the closure of important trade routes and caused a crisis in supply chains with the close of the deadline for concluding a trade …
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22 December 2020 3:00 pm
Gold Dropping as US Dollar’s Strength Overwhelmed the Stimulus Package
Gold prices plunged today, Tuesday, as the strength of the dollar overshadowed the support resulting from the US Congress’s approval of a long-awaited aid package of nearly $ 900 billion linked to the Coronavirus, while sentiment was also affected by some profit-making sales. And gold fell in the spot market …
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22 December 2020 1:40 pm
Record Growth For Britain’s Economy at 16% in Q3
Official data showed that the economic recovery in Britain from the collapse caused by the Corona virus in the period from July to September was somewhat faster than previously thought, and it also reported that government borrowing had jumped for spending related to the Corona virus crisis. GDP grew at …
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22 December 2020 12:56 pm
Congress Approves Long-Awaited $900 Billion Covid Rescue Package
The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …
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22 December 2020 12:19 pm
Nikkei Drops to 3-Week Low as The New Virus Strain Affects Recovery Hopes
Japanese stocks tumbled to a three-week low today, Tuesday, as investors reaped profits after record gains over the past two months, amid fears that a new strain of the rapidly spreading Coronavirus discovered in Britain would undermine the speed of the global economic recovery. The Nikkei fell 1.04%, the biggest …
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22 December 2020 11:49 am
Oil Falls On New Strain of Coronavirus
Oil prices incurred more losses today, Tuesday, which add to the sharp losses from the previous session, as a new strain of the emerging corona virus in Britain raises concerns about a recovery in fuel demand. The fast-spreading new strain of the Corona virus caused the closure of most areas …
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22 December 2020 3:26 am
London Not Looking to Extend Brexit Transitional Period
The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …
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22 December 2020 2:49 am
Europe Grants Authorization for Pfizer-BioNTech Vaccine
The European Medicines Agency has recommended authorizing the Coronavirus vaccine for people aged 16 and older, CNBC reported. The authorized vaccine is the one developed by Pfizer and BioNTech, with vaccinations in Europe expected to start within a week. This comes less than two weeks after the vaccine was rolled …
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22 December 2020 1:59 am
Biden Gets COVID-19 Vaccine
The President-elect of the United States, Joe Biden, received on Monday the first dose of the Coronavirus vaccine. Biden told Americans that there’s nothing to worry about regarding the vaccine, NBC News reported. The President-elect got the Pfizer-BioNTech vaccine. “I’m doing this to demonstrate that people should be prepared, when …
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22 December 2020 1:28 am
DXY to Finish off Session Highs
The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …
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22 December 2020 1:19 am
Oil Prices Decline on Coronavirus Concerns
Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …
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21 December 2020 11:28 pm
Gold Finishes Lower Amid Coronavirus Skepticism
Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …
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