FX option expiries for Nov 2 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1750 574m1.1795 733m GBP/USD: GBP amounts 1.2960 239m1.3000 223m1.3100 1.2bn USD/JPY: USD amounts 104.50 440m USD/CAD: USD amounts 1.3300 662m NZD/USD: NZD amounts 0.6600 265m EUR/GBP: EUR amounts 0.8900 …
Read More »EUR/USD Holds Steady Amid Tariff Tensions, Eyes Turn to EU Economic Data
Modest Gains Amid Holiday-Thinned TradingThe EUR/USD pair edged up by 0.18% on Friday, trading at 1.…
Global Markets Wobble as Trump’s Tariff Deadline Draws Near
Global stock markets faltered on Friday, gripped by uncertainty as U.S. President Donald Trump’s Jul…
Sterling Falters Against Yen Amid Tariff Fears and UK Political Strife
The British Pound (GBP) weakened against the Japanese Yen (JPY), with GBP/JPY slipping below 197.61,…
WTI Crude Oil Stalls Near $65 as OPEC+ and Tariff Uncertainties Loom
West Texas Intermediate (WTI) Crude Oil prices hovered near $65.70, down 0.82%, reflecting cautious …
Gold Shines Amid Tariff Threats and U.S. Dollar Weakness
Gold (XAU/USD) climbed above $3,330, driven by a weakening U.S. Dollar and renewed concerns over U.S…
U.S. Dollar Edges Lower Ahead of Trade Deadline Amid Fiscal and Market Uncertainty
The U.S. dollar saw a slight dip on Friday after a brief rally earlier in the week, with attention n…
Markets Brace for U.S. Tariff Deadline Amid Growing Optimism
As investors turn their attention to Washington’s tariff negotiations next week, the expiratio…
European Stocks Slip Amid Uncertainty Ahead of U.S. Trade Deadline and Ongoing Tariff Concerns
European stocks ended the week on a negative note, slipping lower on Friday as uncertainty grew over…
Bitcoin Struggles as U.S. Trade Tariffs Loom and Rate Cut Bets Fade
Bitcoin prices steadied on Friday after a sharp reversal of recent gains, as traders focused on the …
Oil Prices Decline Amid Nuclear Talks and OPEC+ Output Expectations
Oil futures fell on Friday as market participants reacted to ongoing geopolitical developments and e…
Market Analysis
November, 2020
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2 November 2020 12:34 pm
Oil is Down by More Than 3% on Concerns About Fuel Demand
Oil prices fell more than 3% Monday, November 2, due to fears that widening the scope of anti-Corona virus closures in Europe may weaken fuel demand, while dealers brace for unrest in conjunction with the US presidential elections this week. By 04:10 GMT, Brent crude futures for January delivery were …
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2 November 2020 10:21 am
General Lockdown Returns to Britain for 4 weeks
British Prime Minister Boris Johnson announced Saturday, October 31, that England will adopt a second general lockdown with the spread of Coronavirus cases in the United Kingdom, which leads to the closure of all non-essential businesses, leaving schools open until December 1 while trying to suppress the virus. . Johnson …
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October, 2020
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31 October 2020 12:03 am
Oil Ends October at Lowest Level in Five Months
Oil prices declined on Friday to settle at their lowest closing level in about five months, as a negative outlook for the recovery of global demand persists, with uncertainty surrounding the future of output cuts. Brent crude futures for December delivery declined by 19 cents, or 0.5%, and closed at …
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30 October 2020 11:28 pm
Gold Posts Third Weekly Decline
Gold prices rose on Friday to limit its third consecutive weekly decline, amid uncertainty that is dominating the market. Gold futures for December delivery rose by $11.90, or 0.6%, and settled at $1,879.90 per ounce, its lowest closing level since September 25. For the week, gold futures posted a 1.3% …
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30 October 2020 10:40 pm
US Oil Rigs Rise for Sixth Week in Row
The number of active oilrigs in the United States rose by 10 to 221 during the week, according to the weekly report by Baker Hughes released on Friday. This is the sixth consecutive weekly increase in active rigs drilling for oil in the US. A decline in natural gas rigs …
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30 October 2020 10:35 pm
Global Demand for Gold Declines to Lowest Level in 11 Years
The global demand for gold declined during the third quarter (Q3) of 2020 by 19% year-on-year. Demand during Q3 for the yellow metal amounted to 892 metric tons, the lowest quarterly level registered since 2009, according to data by the World Gold Council. Meanwhile, investments in the gold sector rose …
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30 October 2020 10:19 pm
USD/CHF Enhances its Weekly Gains
The US Dollar (USD) is rising on Friday against the Swiss Franc (CHF), supported by increased demand amid uncertainty. The USD/CHF pair is rising and is close to finishing the week in gains. The pair is trading higher for the day by 0.22% at 0.9172. The pair has been moving …
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30 October 2020 9:53 pm
USD/JPY Struggling to Restore 104.75 Level
The US Dollar (USD) is rebounding against the Japanese Yen (JPY) on Friday, after showing a negative performance earlier in the day. The USD/JPY pair is marginally up for the day by 0.02% at 104.63, and has been moving throughout the day between 104.130 and 104.740, facing strong resistance at …
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30 October 2020 9:43 pm
European Stocks Limit Weekly Decline
European stocks closed higher on Friday, supported by positive economic data in the Eurozone. The STOXX Europe 600 index rose by 0.30% and finished at the level of 342.77, falling by 5.3% for the week. Meanwhile, the UK’s FTSE100 slipped by 0.08%, while the German index DAX declined by 0.36%. …
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30 October 2020 8:50 pm
US Consumer Spending Rises in September
Consumer spending in the United States increased by 1.4% in September, exceeding market expectations. This comes after consumer spending rose by 1% in August, a level that was expected to be maintained last month. It is worth noting that consumer spending makes up around two-thirds of economic activity in the …
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30 October 2020 7:24 pm
USD Stabilizes After Showing Fluctuations
The US Dollar (USD) is stabilizing on Friday against major currencies after fluctuating earlier in the day, as it moved from the negative territory to be mostly unchanged from its closing level yesterday. The Dollar Index (DXY) is marginally down by 0.1% at 93.86. The index has been moving in …
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30 October 2020 6:15 pm
Wall Street Opens Lower as Technology Declines and Covid Grows
The main US stock indices fell at the open today, Friday, affected by sales in technology companies after reports of results below expectations, while pessimism was exacerbated by a record increase in cases of Coronavirus infection and concerns about the presidential election. The Dow Jones Industrial Average lost 86.84 points, …
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