The dollar jumped and the safe-haven yen reached its highest levels in a week after US President Donald Trump said he had tested positive for COVID-19 and begin a quarantine. The news could cause a new wave of volatility in the market as investors prepare for the November presidential election. …
Read More »European Shares Remain Subdued as Markets Await U.S.-China Trade Talks
European stocks traded cautiously on Monday, following a positive week, as investors remained on edg…
Gold Prices Steady as Risk Appetite Grows; Platinum Hits Four-Year High Ahead of U.S.-China Trade Talks
Gold prices showed little movement on Monday during Asian trading, maintaining strong gains from the…
Oil Prices Decline Amid Weak China Data, But Trade Talks Fuel Optimism for Future Demand
Oil prices dipped on Monday, as weak economic data from China weighed on market sentiment. However, …
Weekly Recap: Dollar Roars Back on Jobs Data Testing Euro’s Rally and Gold’s Resilience
Labour Market Powers Dollar Surge Robust U.S. jobs data for May 2025, with 139,000 jobs added, under…
USD Faces Downside Risks as NFP Data Looms
The US dollar teeters near multi-month lows, trading around 98.5, as markets await the Nonfarm Payro…
EUR/USD Retreats as ECB Signals Policy Pause
The EUR/USD pair recently pulled back from a multi-week high near 1.1500, trading at 1.143 with a mo…
Oil Prices Slip as U.S. Fuel Stockpiles Rise, Saudi Price Cuts Add Pressure
Oil prices fell in Asian trade on Thursday, extending losses from the previous session as rising U.S…
The Euro’s Moment? Weak US Data and ECB Action Set the Stage
The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This shift c…
Post ADP Data: USD/JPY Decline Highlights Yen’s Strength, Economic Shifts
The Japanese Yen is gaining momentum against a faltering US Dollar, with the USD/JPY pair dropping b…
Uncertainty Fuels Gold’s Surge as US Data Signals Slowdown
Rising amidst economic headwinds, gold has once again demonstrated its traditional role as a safe-ha…
Market Analysis
October, 2020
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2 October 2020 10:42 am
US Stock Futures Fall After Trump
Futures contracts for major US stock indices fell after US President Donald Trump announced that he and First Lady Melania had tested positive for Covid-19. The Dow Jones index futures fell more than 400 points, the S&P 500 futures index fell by 2%, while the futures contract on the Nasdaq …
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2 October 2020 10:14 am
Trump Says He Has Tested Positive For Covid-19
President Trump announced in a tweet early Friday morning that he and his wife Melania have both tested positive for Covid-19. “We will begin our quarantine and recovery process immediately,” he wrote. “We will get through this TOGETHER!” The news came just hours after it was announced that Hope Hicks, …
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2 October 2020 1:38 am
Wall Street Closes in Green
The New York Stock Exchange (NYSE) finished higher on Thursday, amid anticipation for a new economic stimulus package. The Dow Jones Industrial Average increased by 35.2 points, or 0.1%, and closed at 27,816.90 points. The S&P 500 index closed higher by 17.8 points, or 0.5%, at 3,380.8. The Nasdaq Composite …
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2 October 2020 1:27 am
Oil Prices Fall to Lowest in Two Weeks
Oil prices declined on Thursday, to finish at its lowest level in about two weeks, amid renewed concerns about the global demand recovery and the rising number of COVID-19 cases in many countries. Brent crude futures for December delivery fell by $1.37, or 3.2%, to close at $40.93 per barrel, …
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2 October 2020 12:51 am
Gold Futures Rise and Head to Weekly Gains
Gold prices rose on Thursday to its highest closing level in about two weeks, amid the decline of the US Dollar (USD). Gold futures for December delivery increased by $20.80, or 1.1%, and closed at $1,916.30 per ounce, its highest finish since September 18. The yellow metal is now heading …
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1 October 2020 11:44 pm
US Jobless Claims Decrease by 36,000
Data by the United States Department of Labor showed on Thursday that initial claims for unemployment insurance reached 837,000 last week. This marks a decline of 36,000 jobless claims compared with the previous week’s upwardly revised reading of 870,000. It is the fifth consecutive week in which claims come below …
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1 October 2020 10:00 pm
European Stocks Register Modest Gains
European stocks closed Thursday on modest gains, after data showed a rise in industrial producers’ prices as well as unemployment rate in the continent. The continental index, STOXX Europe 600, finished higher by 0.15%, or 0.54%, at 361.63 points. The UK’s FTSE100 increased by 0.23%, while the French CAC40 added …
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1 October 2020 9:08 pm
European Industrial PPI Rises in August
The industrial producer price index (PPI) increased in August by 0.1% in the Eurozone, and by 0.2% in the European Union (EU), according to estimates by Eurostat. Last month saw some easing of preventive measures against the COVID-19 pandemic in Europe. On an annual basis, industrial producer prices decreased by …
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1 October 2020 8:51 pm
Unemployment in Europe Continues to Increase
The seasonally adjusted unemployment rate in the Eurozone has continued to rise for the fifth consecutive month in August, reaching 8.1%, according to data released by Eurostat on Thursday. Unemployment rate in the European Union (EU) reached 7.4% in August.
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1 October 2020 7:26 pm
USD Maintains Downward Trend
The US Dollar (USD) is maintaining its downward trend against major currencies on Thursday, moving during the first session of the month of October in the negative territory. The Dollar index (DXY), which measures the performance of the USD against a basket of six international currencies, is down for the …
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1 October 2020 7:21 pm
US: ISM Manufacturing PMI Declines in September
The economic activity in the US’ manufacturing sector expanded in September than it did in August with the ISM’s Manufacturing Purchasing Managers’ Index (PMI) edging lower to 55.4 from 56. This reading came in worse than the market expectation of 56.3 Further details of the publication revealed that the Prices Paid …
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1 October 2020 6:29 pm
US: Annual Core PCE Price Index Edges Higher
The Personal Consumption Expenditures (PCE) Price Index in August rose 0.3% on a monthly basis, the US Bureau of Economic Analysis reported on Thursday. On a yearly basis, the PCE Price Index increased to 1.4% from 1.1% in July. More importantly, the Core PCE Price Index, the Federal Reserve’s preferred gauge …
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