Vitol CEO Russell Hardy said oil prices will be heading towards a range of $ 45- $ 49 a barrel or even $ 50 in the next few months, with inventory drawdown modest during the winter and this accelerating through mid-2021. The benchmark Brent crude was trading at around $ …
Read More »Trump’s Bold Policy Overhaul Advances: House Vote on Horizon
A comprehensive policy bill championed by President Trump has narrowly passed the Senate, marking a …
Bitcoin Struggles Within Range as Trade and Fiscal Uncertainty Weigh on Sentiment
Bitcoin experienced a slight dip on Wednesday, continuing its rangebound performance as persistent u…
Italy’s Unemployment Rate Rises to 6.5% in May Despite Job Creation
Italy’s unemployment rate saw a significant increase in May, rising sharply to 6.5% from a rev…
European Shares Edge Higher as Investors Eye U.S. Trade Talks and Tax Bill
European stocks posted modest gains on Wednesday, led by industrial miners, as investors tracked any…
Gold Prices Hold Steady Amid U.S. Fiscal and Trade Uncertainties
1. Gold Prices Maintain Gains Amid U.S. Fiscal and Trade UncertaintyGold prices held steady in Asian…
WTI Crude Oil Edges Up as Markets Await API Inventory Data
West Texas Intermediate (WTI) crude oil prices climbed toward $65.00 on July 1, 2025, driven by shif…
Dow Soars 426 Points as Investors Shift from Tech to Healthcare; Tesla Plunges Amid Trump-Musk Feud
Dow Soars 426 Points as Investors Shift to Healthcare; Tesla Plunges Amid Trump-Musk Feud The U.S. s…
Gold Jumps Over 1% as Trade Tensions and Fiscal Fears Boost Safe-Haven Appeal
Gold prices soared by more than 1.13%, climbing to approximately $3,355 per ounce, before stablizing…
Senate Approves Trump’s ‘One Big Beautiful Bill’: Key Provisions and Next Steps
The US Senate passed President Donald Trump’s ambitious legislative package, known as the “One Big B…
US Dollar Stages Comeback as Strong ISM and JOLTS Data Counter Political and Trade Uncertainties
The US Dollar Index (DXY) staged a recovery after hitting its lowest level since February 2022 at 96…
Market Analysis
November, 2020
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10 November 2020 3:10 pm
Oil Falls on Worries About Weak Demand And COVID-19 Vaccine
Oil prices fell on Tuesday, November 10 as concerns about short-term fuel demand in Europe and the United States, affected by the Coronavirus, chased the market after an overnight rally led by encouraging news about a vaccine for Covid-19. US West Texas Intermediate crude futures fell 55 cents, or about …
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10 November 2020 2:24 pm
German ZEW Economic Sentiment Drops Further to 39.0 in Nov
The German ZEW headline numbers for November showed that the Economic Sentiment Index came in at 39.0 versus 41.7 expectations and 56.1 last. While the sub-index Current Conditions figure arrived at -64.3 in Nov versus -65.0 expected and -59.5 previously. Meanwhile, the Eurozone ZEW Economic Sentiment for Nov slumped to …
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10 November 2020 1:58 pm
Yen Compensating Some of Its Losses
The yen recouped some of its losses against the dollar today, Tuesday, after it recovered due to news about developments in a Coronavirus vaccine that sparked optimism for the global economic recovery. The American company Pfizer for pharmaceutical industries and its German partner BioNTech announced that large-scale clinical trials have …
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10 November 2020 1:56 pm
Hospitality Sector Boosts Tokyo Stocks
The Nikkei index reached its highest level in nearly 3 decades on Tuesday, November 10, as stocks of companies that have been hit by the pandemic in the aviation, railway operation and retail sectors jumped on news of progress in developments related to a Covid-19 vaccine. Investors switched to battered …
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10 November 2020 12:33 pm
China’s CPI is Growing at a Slower-Than-Expected Pace in October
On an annual basis, the Chinese CPI grew at a slower pace of 0.5% in October, while expectations indicated a 0.8% slowdown in growth. On a monthly basis, the CPI unexpectedly declined by 3% over the past month. The producer price index decreased by 2.1% compared to the previous year.
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10 November 2020 12:03 pm
Gold Jumps 1% as Focus Returns on Easing Monetary Policy
Gold rose 1% Tuesday, November 10, after a sharp decline in the previous session, with the return of focus to the possibility of taking more monetary stimulus measures to revive a global economy still suffering from the repercussions of the Covid-19 pandemic. By 06:05 GMT, spot gold had jumped 1.1% …
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10 November 2020 2:06 am
NYSE Closes Monday Mixed after Vaccine News
The New York Stock Exchange (NYSE) closed Monday mostly on big gains, after BioNTech and Pfizer announced a 90% success for their newly-developed Coronavirus vaccine. The Dow Jones Industrial Average saw its best gains since June 5 and added 834.6 points, or 2.95%, to close at 29,157.97 points. The S&P …
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10 November 2020 2:01 am
Oil Achieves Best Gains in Five Months
Oil prices rose on Monday, supported by an improved outlook for demand recovery after it was reported that a vaccine against the Coronavirus is showing success, as announced by Pfizer earlier today. Brent crude futures for January delivery surged by $2.95, or 7.5%, to settle at $42.40 per barrel. This …
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9 November 2020 11:38 pm
Gold Futures Plunge 5% on Vaccine News
Gold prices declined on Monday, opening the week with its biggest daily drop in more than seven years. Demand for safe havens decreased with news about positive trials for a new vaccine against the Coronavirus. Earlier today, Pfizer and BioNTech announced that a vaccine that they are developing is 90% …
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9 November 2020 10:56 pm
GBP/USD Declines Below 1.3130
The British Pound (GBP) declined against the US Dollar (USD) on Monday, after it was reported that a new vaccine against the Coronavirus disease (COVID-19) has proved effective in more than 90% of the tested cases. The GBP/USD pair is trading lower for the day by 0.21% at 1.3129. The …
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9 November 2020 9:46 pm
Sunak: Brexit Trade Talks See Significant Progress
Significant progress has been achieved in trade talks between the United Kingdom (UK) and the European Union (EU), according to the British Minister of Finance, Rishi Sunak. “Prime Minister Boris Johnson recently spoke with European Commission President Ursula von der Leyen. “The prime minister set out that, while some progress …
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9 November 2020 8:23 pm
European Stocks Soar on Vaccine News and Biden Win
European stocks surged on Monday, supported by news about Pfizer and BioNTech successfully developing a vaccine against the Coronavirus disease (COVID-19), as well as the United States presidential election results. The pan-European STOXX 600 index is up by 3.9%, after rising earlier by more than 4%, achieving its best daily …
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