Oil turned down Wednesday, November 4th, after the US President questioned the integrity of the elections, despite millions of votes not being counted, and the final results are not expected to be announced before several days. US West Texas Intermediate crude fell 15 cents, equivalent to 0.4%, to $ 37.51 …
Read More »Trade Talks Intensify as August 12 Tariff Deadline Looms
Global trade negotiations are heating up as the United States and China race against a looming Augus…
US Session Key Drivers: Markets Brace for Fed Decision as Dollar Surges
The US dollar charged to new multi-week peaks on Tuesday, fueled by growing uncertainties in global …
FOMC Faces Firestorm: Unprecedented Split, Trump Pressure Looming Over Rate Decision
As the Federal Reserve prepares for its July meeting on Tuesday, July 29, 2025, a volatile mix of po…
Boeing’s Q2 Performance Shows Improvement Amidst Ongoing Challenges
Boeing, the prominent aircraft manufacturer, reported a narrowed second-quarter loss and increased r…
Bitcoin Remains Rangebound Amid Trade Talks and Fed Decision
Bitcoin stayed steady near $119,000 on Tuesday as investors awaited further clarity on U.S. trade ne…
Visa and Mastercard to Report Strong Quarterly Profits Amid Consumer Resilience and Trade Uncertainty
Visa (NYSE:V) and Mastercard (NYSE:MA), the world’s largest payment processors, are expected to repo…
European Equities Edge Higher Amid Trade Deal Optimism and Corporate Results
European equities saw a modest uptick on Tuesday, lifted by corporate earnings reports, notably in E…
Gold Prices Steady Near Three-Week Lows as Dollar Strengthens, Trade Tensions Ease
Gold prices held steady near three-week lows on Tuesday, with a stronger U.S. dollar and easing glob…
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, …
Market Analysis
November, 2020
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4 November 2020 12:33 pm
Gold Falls With Dollar In Favor
Gold prices fell on Wednesday, as the dollar rose after preliminary results from the US presidential elections showed a close convergence than expected. US President Donald Trump winning in Florida and advancing in several other states. Gold Spot fell 0.5% to 1898.97 dollars an ounce, reducing losses by more than …
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4 November 2020 11:42 am
US Dollar Rises as a Long Wait For Election Results Looms
The US dollar gained and risk-sensitive currencies weakened on Wednesday, November 4th, as early results from the US presidential election show a tight convergence in the race. US President Donald Trump is ahead in states including Florida and Ohio, as investors await whether he can retain the states of Michigan, …
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4 November 2020 11:07 am
Democrat Joe Biden Leads in Arizona
Former Vice-President Joe Biden has won Arizona. He is leading against President Donald Trump by a large margin in the southwestern state. Joe Biden is losing ground in battleground Florida, which is now called for President Donald Trump. In Arizona’s Senate race, Democrat Mark Kelly won against Republican incumbent Marhta …
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4 November 2020 2:13 am
NYSE Finishes Elections Day on Higher Note
The New York Stock Exchange (NYSE) closed Tuesday higher on hopes for a new stimulus package following today’s elections. The Dow Jones Industrial Average added 514.92 points, or 1.9%, to close at 27,439.97 points. The S&P 500 gained 58.11 points, or 1.8%, and finished at 3,368.35 points. The Nasdaq Composite …
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4 November 2020 1:05 am
Oil Settles at Highest Level in a Week
Oil prices rose on Tuesday to their highest level in a week on election day, on the hopes for a new stimulus package following the US elections and commitment from the OPEC+ to maintain output curbs. Brent crude futures for January delivery gained 74 cents, or 1.9%, to close at …
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3 November 2020 11:35 pm
Gold Settles At Highest Level in Week
Gold prices finished at their highest level in a week, as the US dollar (USD) declined on election day in the United States. Gold futures for December delivery finished higher by $17.90, or 1%, at $1,910.40 per ounce, its highest level since October 27. Meanwhile, silver futures for December delivery …
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3 November 2020 10:06 pm
US Factory Orders Rise in September
New factory orders in the United States increased by 1.1% in September, data by the US Department of Commerce showed on Tuesday. This comes after factory orders rose by 0.6% in August.
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3 November 2020 9:24 pm
EUR/USD Hits Fresh Five-Day High
The Euro (EUR) rose against the US Dollar (USD) to its highest level in five days during Tuesday’s trading session, as the USD is declining across the board on election day. The EUR/USD is trading higher for the day by 0.72% at 1.1725. The pair has been moving today in …
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3 November 2020 9:02 pm
GBP/USD Rises to Highest Level in Week
The British Pound (GBP) rose against the US Dollar (USD), as the later declined on election day, to its highest level in a week. The GBP/USD is trading higher by 1.05% at 1.3053. The pair has been moving today in a range between 1.2911 and 1.3079, after closing yesterday at …
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3 November 2020 7:32 pm
USD Declines on Election Day
The US Dollar (USD) is declining across the board on elections day, with markets awaiting the results of the presidential and congressional elections. The Dollar index (DXY), which measures the USD performance against a basket of six major international currencies, is down for the day by 0.76% at a daily …
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3 November 2020 6:54 pm
Wall Street Rallied at The Open
Major stock indices on Wall Street rose at the open Tuesday, as investors bet on Democratic candidate Joe Biden’s victory in one of the most sensitive US presidential elections in American history. The Dow Jones Industrial Average rose 213.64 points, equivalent to 0.79%, to 27138.69 points, and the S&P 500 …
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3 November 2020 5:26 pm
Turkish Lira Reaches Fresh Lows The US Presidential Elections
The Turkish lira hit a new record low on Tuesday (November 3rd), ahead of the US presidential elections, the outcome of which may lead to strained relations between the two countries. The lira also retreated after data revealed that the annual inflation rate is close to 12%, despite the central …
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