Oil prices closed higher on Monday, opening the week with a positive performance, supported by positive news about Coronavirus vaccines. Brent crude futures for January delivery surged by $1.10, or 2.5%, to settle at $46.06 per barrel. This is the highest closing level for the global benchmark active contracts since …
Read More »Oil Prices Rally as Supply Tightened Over Global Dynamics
Crude Prices Bounce BackOn July 28, 2025, oil prices surged, with West Texas Intermediate (WTI, CL=F…
Earnings Recap: Markets Blaze and US Stocks Hold Steady
The US stock market kicked off a busy week with a dynamite wave of second-quarter earnings reports, …
Pound Outshines Euro Amid US-EU Trade Deal Fears
Pound Gains Ground on EuroOn July 29, 2025, the British pound strengthened against the euro, with th…
Trump Blazes with Russia Sanctions Threat
U.S. President Donald Trump set the global stage ablaze, slashing his 50-day deadline for Russia to …
Euro Tumbles as US-EU Trade Deal Sparks Concerns
Euro Faces Sharp DeclineOn July 28, 2025, the euro slumped against the US dollar, with the EUR/USD p…
Gold Stumbles as Dollar Demand and Trade Deal Reshape Markets
A Fourth Day of Losses for GoldGold prices slid for the fourth consecutive day on July 28, 2025, dro…
Dollar Demand Surges, Crushes Franc: Can Trade Pacts Save Global Markets?
A Breakthrough Trade Deal Sparks Optimism The US dollar has gained significant ground against the Sw…
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…
Market Analysis
November, 2020
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24 November 2020 1:23 am
Gold Closes with Biggest Losses in Two Weeks
Gold prices declined on Monday, registering its biggest daily decline in about two weeks. This comes as positive news about a number of Coronavirus vaccine candidates are spurring risk appetite and reducing demand for safe havens. Gold futures for December delivery decreased by $36.40, or 1.8%, and settled at $1,837.8 …
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24 November 2020 1:19 am
Fed’s Barkin: Vaccine Could be Ready by Next Year
The President of the Federal Reserve Bank of Richmond, Thomas Barkin, said on Monday that a Coronavirus vaccine could not be widely available until the summer of 2021, Reuters reported. This means that more Americans could struggle in the absence of government stimulus. However, Barkin is expecting a slow and …
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23 November 2020 10:43 pm
BoE Monetary Policy Report Hearings Summary
The Governor of the Bank of England (BoE), Andrew Bailey, said on Monday that a no-deal Brexit could result in longer-term damage to the British economy compared with the Coronavirus (COVID-19) crisis, Reuters reported. “Well, I think the long-term effects … would be larger than the long-term effects of COVID,” …
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23 November 2020 9:39 pm
European Stocks End Mostly Unchanged
European stocks showed a mixed performance on Monday, opening the week amid hopes for new COVID-19 vaccines and the rising number of cases and renewed lockdown measures in many parts of the continent. The STOXX Europe 600 closed marginally lower by 0.010%. Meanwhile, the UK’s FTSE100 declined by 0.28%, while …
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23 November 2020 8:09 pm
Schnabel: ECB Must Monitor Shadow Banks
Board member of the European Central Bank (ECB), Isabel Schnabel, said on Monday that the ECB needs to monitor the growing role of shadow banks. “Unlike banks, these market participants often do not have access to central bank operations.”“Were the transmission across money market rates to weaken, or rates to …
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23 November 2020 7:19 pm
Canada’s Wholesale Sales Expected to Rise 0.9% in October
Wholesale sales in Canada are expected to have increased by 0.9% in October, according to estimates by Statscan released on Monday, Reuters reported. The rise in wholesale sales follows an equal one in September. The preliminary estimate is based on a weighted response rate of 53.0%, according to Statscan. Meanwhile, …
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23 November 2020 7:09 pm
US PMI Records Largest Gain in Five Years – IHS Markit
The seasonally adjusted IHS Markit Flash United States Composite purchasing managers’ index (PMI) output index posted 57.9 in November, up from 56.3 in October. The rate of growth was the sharpest since March 2015, as a steep upturn in service sector activity was accompanied by an accelerated rise in manufacturing …
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23 November 2020 6:06 pm
Ethereum Price Breaks $600
Ethereum is currently trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years.
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23 November 2020 5:45 pm
US: Chicago Fed National Activity Index Improves to 0.83 in October
The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) rose from 0.32 (revised from 0.27) in September to 0.83 in October. Fifty-four indicators improved from September to October, 30 indicators deteriorated, and one was unchanged. Of the indicators that improved, eight made negative contributions
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23 November 2020 5:15 pm
All UK Adults Could Have COVID-19 Vaccine by Springtime
Professor Adrian Hill, Director of the Jenner Institute, told Reuters on Monday that all UK adults could have a COVID vaccine by springtime after Oxford/AstraZeneca’s vaccine candidate showed the effectiveness of up to 90%. “Oxford vaccine trial results leave Britain on track to start roll-out in December. We will likely …
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23 November 2020 4:42 pm
Germany Intends to Extend General Isolation by One Month to Contain The Second Wave of Corona
On Sunday, November 22, two senior German officials said in remarks that the country will have to extend its current measures to contain the coronavirus pandemic to last in December. Germany imposed “general isolation measures” for a month, starting from November 2, to contain a second wave of the virus …
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23 November 2020 4:21 pm
Barclays Bank Keeps Its Forecast For Oil Price in 2021
Barclays Bank maintained its oil price forecast for 2021 and expected Brent crude to reach $ 53 a barrel due to OPEC and its allies controlling production and based on the promotion of a potential Covid-19 vaccine demand in the second half of the year. In the short term, the …
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