European stock markets fell on Monday, with disappointment stemming from evidence that Eurozone leaders are preparing to diminish agreement negotiations on the eurozone recovery fund to counter the pandemic, making it less effective than expected. The German DAX fell 0.4%, French CAC fell 0.6% and FTSE fell 0.8%. Five European …
Read More »ISM Data Fueling Interest Rate-linked Fears Accounts For Stock Market Downturn
US stocks experienced slid on Tuesday, with the S&P 500 and Nasdaq Composite falling significan…
Canadian Dollar Faces Headwinds Amid Political Turmoil
The Canadian Dollar (CAD) has halted its recent bullish recovery, halting on the charts and cycling …
Strong Jobs and Services Data Lift US Dollar to Fresh Heights
The US Dollar Index (DXY) staged a comeback on Tuesday, erasing earlier losses and trading higher. T…
US Service Sector Gains Momentum, Price Pressures Intensify
The US service sector demonstrated robust growth in December, with the ISM Services PMI climbing to …
Dogecoin Traders Bet Big as Macron Targets Musk
Dogecoin (DOGE) prices remain subdued, trading below $0.40 despite recent bullish momentum. This con…
Could JOLTs Data Impact Gold’s Outlook?
The resilience of the U.S. job market, highlighted by a surge in job openings to 8.10 million in Nov…
Gold Surges, Eyes Fresh High Amidst Debt Worries, Fed Uncertainty
Gold prices rallied on Tuesday, driven by concerns over a surge in US debt issuance and the potentia…
German Inflation Rises Beyond Expectations in December Amid Higher Food Prices
Germany’s annual inflation accelerated more than forecast in December, driven by surging food …
UK Economy Forecasted to Grow by 1.5% in 2025 Amid Fiscal Stimulus and Challenges
The UK economy is projected to expand by 1.5% in 2025, a notable improvement from the 0.9% growth re…
Oil Prices Decline as Demand Optimism Fades Amid Supply Concerns
Oil prices extended their losses for a second consecutive session on Tuesday as optimism over global…
Market Analysis
July, 2020
-
20 July 2020 11:33 am
Germany’s Merkel Warns of Summit Failure on EU Recovery Fund
German Chancellor Angela Merkel warned that EU leaders may not be able to reach an agreement on a stimulus plan to combat Covid-19 on Sunday as negotiations between leaders continue for a third day and tensions over the demands of rich countries escalate. “There is a lot of goodwill, but …
Read More » -
20 July 2020 10:53 am
Oil Falling, Covid-19 Escalating
Oil prices retreated on Monday on tensions over a recovery in fuel demand, after Covid-19 cases rose worldwide. Brent crude fell 25 cents, or 0.6%, to $ 42.89 a barrel, while US crude oil (WTI) fell 0.5%, or 22 cents, to $ 40.37 a barrel. More than 14.5M people were …
Read More » -
20 July 2020 10:32 am
Asian Shares Are Down Before The European Summit
Asian Shares were underperforming on Monday morning, with oil and copper weakening and the increase of Covid-19 cases driving the markets as they awaited Eurozone and US efforts to reach fiscal stimulus plans to combat the epidemic. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.2%, erasing early gains …
Read More » -
20 July 2020 10:09 am
FX Option Expiries For July 20 NY Cut
FX option expiries for July 20 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1300 550m1.1350 2.5bn1.1375 1.0bn1.1400 2.6bn1.1425 845m1.1450 617m1.1500 1.1bn – USD/JPY: USD amounts 107.00 476m
Read More » -
20 July 2020 9:43 am
Market Weekly Overview
The return of tensions between Washington and Beijing was the centre of attention last week, with the increase in COVID-19 cases in the United States to unprecedented numbers, along with the tensions of the American presidential elections and doubts about Trump’s ability to win the upcoming polls amid the increasing …
Read More » -
18 July 2020 2:43 am
Fed Opens Main Street Program to NPOs
The US Federal Reserve has opened its Main Street lending program to nonprofit entities, Reuters reported. The move allows healthcare, education, and social service organizations to receive funding from the Fed. “We have listened carefully and adapted our approach so that we can best support them in carrying out their …
Read More » -
18 July 2020 2:36 am
Former Fed Chairs Call for Extra Stimulus
The two former chairs of the US Federal Reserve have warned that the pace of economic recovery could be slow and uneven, calling for a robust response from legislators to combat the COVID-19 pandemic and its impact, Reuters reported. Former Chair of the Federal Reserve, Janet Yellen, said that not …
Read More » -
18 July 2020 1:13 am
NYSE Ends Week in Gains
The New York Stock Exchange (NYSE) saw a mixed performance on Friday, but recorded weekly gains despite the investors’ concerns as the number of COVID-19 cases across the US keep increasing. The Dow Jones Industrial Average settled lower for the second session in a row by 0.23%, narrowing its weekly …
Read More » -
18 July 2020 12:50 am
Oil Futures Settle Lower by 0.5%
Oil prices declined on Friday, but settled nearly unchanged for the week, in the absence of major economic data and the continuing uncertainty regarding the recovery of both the demand for crude oil and the global economy at large. Earlier today, data by Baker Hughes showed that the number of …
Read More » -
18 July 2020 12:21 am
Gold Maintains Rising Streak for Sixth Week
Gold prices settled higher on Friday by around $10, recording small weekly gains but stretching its upward trend for the sixth consecutive week. Today’s rise in the yellow metal’s prices were supported by the decline of the US Dollar. The price for Gold futures for August delivery increased by $9.70, …
Read More » -
17 July 2020 10:24 pm
European Stocks Record Weekly Gains
European stocks closed Friday on small gains, with anticipation for the results of the European Union’s (EU) summit, which is set to discuss the economic stimulus package to help the bloc’s troubled economies due to the COVID-19 crisis. The pan-European Stoxx 600 index increased by 0.15% to settle at 372.70, …
Read More » -
17 July 2020 9:22 pm
USD/CAD Moving Within Small Range
The USD/CAD pair has stabilized on Friday, with the Canadian Dollar (CAD) supported by the increase in wholesale sales, while the US Dollar (USD) is supported by the rise in housing starts, despite a retreat in the consumer sentiment. During today’s trade, the pair has reached a high of 1.35892 …
Read More »