Data from the Turkish Statistical Institute showed that the country’s foreign trade deficit rose 34.4% year-on-year in October to $ 2.37 billion under the general trade system. The institute stated that Turkey’s exports increased by 5.6% and imports rose 8.4% compared to October 2019. In the first ten months of …
Read More »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…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
Market Analysis
November, 2020
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30 November 2020 1:41 pm
European Shares Fall at The End of a Glorious Month
The benchmark index of European stocks opened lower on Monday, November 30, amid a focus on negotiations over the Brexit deal, but it is still on track to record its best monthly performance ever thanks to the prospect of easing coronavirus restrictions and the hopes of a Covid-19 vaccine. After …
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30 November 2020 1:14 pm
OPEC+ Trying to Solve The Balance Dilemma in Its Two-Day Meeting
Crude oil futures were trading lower on Monday morning, with markets closely watching the results of the two-day meeting of OPEC and its allies, known as OPEC +, in which the next steps for production policy are discussed. The meeting may start at 13:00 GMT Monday. Russia has not yet …
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30 November 2020 6:52 am
Weekly Recap 23-27 Nov
Despite the promising news about the Corona vaccine, markets are still turbulent with the increase in Corona cases around the world and the imposition of new measures to limit the spread of the virus, which affects the entire market in turn. Oil rose more than 30% from its lowest level …
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28 November 2020 1:02 am
Unemployment in Brazil Rises to Highest Level on Record
The unemployment rate in Brazil increased to its highest level ever, official data showed on Friday. The unemployment rate in the three months to September increased to 14.6% from 14.4% in the three months to August. Meanwhile, the number of unemployed rose to another record of 14.1 million from 13.8 …
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28 November 2020 12:56 am
Oil Ends Mixed in Anticipation for OPEC Summit
Oil prices ended Friday on a mixed note, awaiting the upcoming OPEC summit. Brent crude futures for January delivery rose by 38 cents, or 0.8%, to close at $48.18 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for January delivery closed lower by 18 cents, or 0.8%, at …
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28 November 2020 12:47 am
Gold Records Biggest Weekly Decline in Two Months
Gold prices plunged on Friday, ending the week with the biggest losses in about two months. Gold futures for February delivery declined by $23.10, or 1.3%, to settle at $1,788.10 per ounce. Meanwhile, gold futures for December delivery finished lower by $23.60, or 1.3%, to close at $1,781.90 per ounce. …
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27 November 2020 9:50 pm
European Stocks End Week in Gains
European stocks closed higher on Friday, wrapping up a week of gains on the back of positive news about Coronavirus vaccines. The STOXX Europe 600 index gained 0.41%, to close at 393.23 points, registering weekly gains of around 0.5%. In France, the French CAC40 index added 0.56%. Meanwhile, the UK’s …
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27 November 2020 6:36 pm
USD Nears Another Weekly Loss
The US Dollar (USD) is set to record weekly losses after continuing to decline on Friday, amid improved risk appetite among investors. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down by 0.10% at 91.90. The index has been moving …
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27 November 2020 6:28 pm
Germany to Raise COVID-19 Stimulus Spending
The German government plans to increase Coronavirus aid for companies to about EUR 4.5 billion per week next month, according to an official statement picked up by Reuters. “Cohesion and solidarity are hence the imperative of the hour,” said the Economy Minister Peter Altmaier. “We will not leave our companies …
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27 November 2020 6:22 pm
Brazilian Economy Creates Record Number of Jobs
The Brazilian economy has created a record number of jobs during October, according to recent dat. A net 394,989 formal jobs were created last month, according to recently released figures by the Brazilian economy ministry. This is the fourth consecutive month in which the largest economy in South America has …
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27 November 2020 6:18 pm
Gold Declines amid Strong Correction
After a slight rebound on Thursday, Thanksgiving holiday in the United States, it seems that the yellow metal’s correction wave is far from over. Gold futures are seeing negative performance with large losses on Black Friday, on the road to record its biggest weekly decline in about two months. Positive …
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27 November 2020 6:05 pm
Chinese Industrial Profits Increasing at Fastest Pace Since Early 2017
Profits for Chinese industrial companies rose in October for the sixth consecutive month and reached the fastest pace since early 2017, indicating a strong recovery in the manufacturing sector after being hit hard by the Covid-19 pandemic. According to data from the National Bureau of Statistics on Friday, profits of …
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