Pam Cheng, chief operating officer at AstraZeneca, said that the company will have 200 million doses of its candidate vaccine, which it developed in cooperation with the University of Oxford, by the end of 2020, and that 700 million doses will be ready worldwide by the end of Q1 of …
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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23 November 2020 3:11 pm
AstraZeneca Will Have 200 Million Doses of COVID-19 Vaccine by The End of The Year
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23 November 2020 2:46 pm
Oil Prices Continue Their Gains Thanks to Hopes of Corona Vaccine
Oil prices rose 1% on Monday, November 23, to continue their gains, as traders expect a recovery in crude demand due to successful trials of a vaccine for the Coronavirus. Sentiment boosted hopes that OPEC, Russia and other producers, a group known as OPEC +, would continue to curb production. …
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23 November 2020 1:53 pm
German Flash Manufacturing PMI Eases to 57.9 in November
According to the preliminary manufacturing activity report from IHS/Markit research, released this Monday, the flash version of the German Manufacturing PMI eased to 57.9 in November. The reading was still better than consensus estimates pointing to a fall to 56.5 from a 30-month high level of 58.2 recorded in the …
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23 November 2020 1:30 pm
Eurozone Flash Manufacturing PMI Comes in at 53.6 For November
According to the preliminary report from IHS/Markit research, Eurozone business activity fell sharply in November as countries introduced more aggressive measures. In fact, the Eurozone manufacturing purchasing managers index (PMI) fell to a three-month low level of 53.6 during the reported month, down from 548 in October. Adding to this, …
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23 November 2020 1:11 pm
The Turkish Lira is Down by More Than 1%, After Big Gains
The Turkish lira fell 1.3% against the dollar as local investors strengthened their positions in foreign currencies and gold, after a strong rise in the Turkish currency recently. The lira fell to 7.76 from Friday’s close of 7.65. The lira rose from a record low of 8.58 this month after …
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23 November 2020 12:38 pm
Gold Rises as US Dollar Fell to Lowest Level in Two Years
Gold rose Monday, November 23, as the dollar’s weakness and its decline to its lowest level since 2018 and hopes for more monetary stimulus in the United States to alleviate the economy affected by the pandemic were dispelled optimism about the possibility of distributing a vaccine for Covid-19 next year. …
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23 November 2020 4:45 am
Weekly Recap 16-20 Nov
Over the ending week, the market continued to be supported by positive news about Coronavirus vaccines, after both Moderna and Pfizer announced high success rates for their vaccine candidates. Meanwhile, the President of the United States, Donald Trump, is yet to concede the past elections, in which his lost to …
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20 November 2020 10:54 pm
Gold Rises to Limit Weekly Decline
Gold prices finished higher on Friday, which helped limit the weekly decline of the yellow metal amid a rise by the US Dollar (USD). Gold futures for December delivery rose by $10.90, or 0.6%, and settled at $1,872.40 per ounce. For the week, gold futures recorded a 0.7% decline.
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20 November 2020 10:49 pm
Fed’s George: Recovery Could Face Headwinds from Energy Sector
The President of the Federal Reserve Bank of Kansas City, Esther George, said on Friday that economic recovery in the United States could be challenges, due to the Coronavirus impact on the energy sector and reductions in crude oil production. “Large reserve funds can help to offset some of the …
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20 November 2020 10:41 pm
US Oil Rigs Down by Five in Week
Active rigs drilling for crude oil in the United States declined by five this week, according to the weekly report by Baker Hughes. Oil rigs now stand at 231, data showed on Friday, after recording their first weekly decline in about two months. Meanwhile, natural gas rigs increased by three, …
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20 November 2020 10:38 pm
European Stocks Record Third Weekly Gains in Row
European stocks closed higher on Friday, supported by an improved sentiment on positive news about Coronavirus vaccines. The pan-European STOXX 600 index closed higher by 0.45% at 389.35, recording gains for the third consecutive week. Meanwhile, the UK’s FTSE100 added 0.27%, while the French index CAC40 and the German DAX …
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20 November 2020 8:19 pm
CAD Rises on Higher than Expected Retail Sales
The Canadian Dollar (CAD) rose against its US counterpart (USD) on Friday, supported by a more than expected increase. The USD/CAD is trading lower for the day by around 0.1% at 1.3061. The Canadian buck has now extended its weekly gain against the greenback to around 0.6%. Earlier today, data …
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20 November 2020 8:08 pm
Bitcoin Surges to $18,600
Bitcoin surged on Friday to its highest level in about three years, at $18,600. The largest cryptocurrency is re-approaching its all-time high a little over $19,783. On Friday, the digital currency rose by 4.5%, extending its weekly gains to 16%, the largest seen since June 2019. Year-to-Date, Bitcoin has gained …
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