A European Union official said on Wednesday that the bloc decided earlier this week to create a debt management office to handle its massive bond issues. The official, who refused to be named, added that the establishment of the office came as a result of reorganizing the general administration of …
Read More »China’s Economic Rebound Faces Trade War Turbulence: Early Recovery Signals
China’s economy showed resilience in the first quarter of 2025, with growth reaching 4.7%, driven by…
Bitcoin Surges on U.S.-China Trade Talk Progress, Altcoins Follow Suit
Bitcoin experienced a sharp rise on Tuesday as investors reacted positively to the progress in ongoi…
Oil Prices See Modest Gains Ahead of U.S.-China Trade Talks and Ongoing Geopolitical Tensions
Oil prices inched higher on Tuesday as investors cautiously awaited the outcome of ongoing U.S.-Chin…
European Equities Remain Range-Bound as Investors Await Progress in U.S.-China Trade Talks
European equity indices traded in tight ranges on Tuesday, with investors closely watching ongoing t…
Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data
Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite and reduce…
Crude Oil Rises on Trade Talks Hopes, Summer Demand Bets
West Texas Intermediate (WTI) crude oil prices surged past $64.00 per barrel on June 9, 2025, hittin…
EUR/USD Jumps Past 1.14 on Trade Talks Hopes, ECB’s Hawkish Rhetoric
The EUR/USD pair surged beyond 1.1424; climbing over 0.27% as buoyant market sentiment and a firm Eu…
Gold Surges as Dollar Weakens and Trade Talks Shift
Gold prices are climbing, reaching $3,333.95 per ounce, up +0.73% during the North American trading …
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…
Market Analysis
October, 2020
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22 October 2020 12:51 am
NYSE Ends Lower as Investors Await Stimulus
The New York Stock Exchange (NYSE) closed lower on Wednesday, amid anticipation for a new stimulus package. The Dow Jones Industrial Average finished lower by 97.97 points, or 0.35%, at 28,210.82 points. The S&P 500 index declined by 7.56 points, or 0.22%, to settle at 3,435.56 points. The Nasdaq Composite …
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22 October 2020 12:37 am
Oil Closes at Lowest Level in a Week
Oil prices declined on Wednesday after data showed an increase in the United States crude oil inventories, spurring once again fears about the recovery of the global demand. Brent crude futures for December delivery declined by $1.43, or 3.3%, to finish at $41.73 per barrel. Meanwhile, the West Texas Intermediate …
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21 October 2020 11:49 pm
Pelosi Optimistic about New Stimulus
The Speaker of the United States House of Representatives, Nancy Pelosi, said on Wednesday that there remains a potential for reaching a deal on a new COVID-19 stimulus package, Reuters reported. However, Pelosi did not clarify if an agreement would be reached before or after the upcoming elections. The President …
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21 October 2020 11:44 pm
USD at Lowest Level in Seven Weeks
The US Dollar maintained its downward trend on Wednesday to fell to a its lowest level in about seven weeks, despite hopes for a new stimulus package in the United States. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is down …
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21 October 2020 11:34 pm
Gold Finishes Higher for Third Day in Row
Gold prices rose on Wednesday for the third consecutive session, reaching its highest level in about a month, as the US Dollar (USD) is showing weakness across the board. Gold futures for December delivery closed higher by $14.10, or 0.7%, at $1,929.50 per ounce, its highest level since September 18. …
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21 October 2020 11:29 pm
Copper Prices Recovery to Face Challenges Next Year
A recent poll by Reuters showed that copper prices are set to struggle for reaching new highs next year. “While the rebound was dazzling, most of the positive surprise is now behind us and this should not continue to significantly support copper prices at these high levels,” said Florent Pele, …
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21 October 2020 11:25 pm
Fed’s Brainard Sees Absence of Stimulus as Largest Risk
Federal Reserve Governor Lael Brainard said on Wednesday that failing to reach a new stimulus package is the biggest risk facing the economic outlook, other than the Coronavirus (COVID-19) pandemic. “Premature withdrawal of fiscal support would risk allowing recessionary dynamics to become entrenched, holding back employment and spending.”“Apart from the …
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21 October 2020 11:21 pm
Fed’s Mester: Low-Interest Rates Are Helping US Economy
President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Wednesday that the Fed’s new approach should help the economy against the COVID-19 crisis. “While monetary policy that leads to a stable macroeconomy encourages financial stability, it is also possible that in an environment with low neutral rates, …
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21 October 2020 9:49 pm
Fed’s Kaplan Expects 2.5% Contraction This Year
The President of the Federal Reserve Bank of Dallas, Robert Kaplan, said on Wednesday that he expects the United States economy will shrink by about 2.5% in 2020, and then grow by 3.5% in 2021. Kaplan expects the pandemic will continue to impact daily life well into next year, noting …
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21 October 2020 9:11 pm
GBP/USD Surges Above 1.30 on Brexit Deal Hopes
The British Pound (GBP) surged on Wednesday, supported by renewed hopes for a trade agreement between the United Kingdom (UK) and the European Union (EU). Earlier today, the EU Chief Negotiator, Michel Barnier, said an agreement is possible if both parties are ready to work constructively and in a spirit …
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21 October 2020 7:48 pm
US Oil Inventories Decline by 1 M Barrels
Crude oil inventories in the United States declined last week, according to data released by the US Energy Information Administration (EIA) on Wednesday. The EIA weekly report showed that oil stockpiles decreased by one million barrels in the week that ended on October 16 to a total of 488.1 million …
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21 October 2020 5:41 pm
Russia’s Economy Contracted by 3.3% in September
Russia’s economy shrank 3.3% year-on-year in September, data showed on Tuesday, following a sharp 3.7% decline in August. The economy ministry said Q3 saw the Russin economy shrink 3.8% year-on-year, compared with an 8% drop in Q2. Added that the economy fell 3.5% in the first nine months of this …
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