According to the COMEX, gold futures were traded in December at $ 2001.50 per ounce, up 0.58%. It previously traded at a session low $ 1999.95 an ounce. Gold may find points of support at $ 1923.00 and resistance at $ 2024.60. The dollar index, which measures the performance of …
Read More »Dow Roars Back: 600-Point Surge Amid Economic Uncertainty
Equities rebound from recent plunge, but trade tensions and soft retail data cast a long shadow.The …
Dollar Drifts as Geopolitical and Policy Storm Clouds Gather
A week of potentially historic significance opens with the US Dollar easing, as markets brace for a …
Gold Prices Still Soaring Above $ 3,000 Barrier
Gold prices have continued their upward trajectory since the start of trading on Monday, following t…
Consumer Caution: Retail Sales Underwhelm Amid Economic Uncertainty
A note of caution has sounded within the US economy as retail sales for February fell short of expec…
U.S. Stock Futures Decline Amid Trade Tariff Uncertainty
U.S. stock index futures dropped on Monday as investor concerns grew over the potential economic imp…
Oil Prices Rise Amid U.S. Strikes on Houthis and Strong Chinese Data
Oil prices traded higher on Monday as the U.S. vowed continued strikes on Yemen’s Houthis, while Chi…
European Stocks Gain Amid German Debt Deal, U.S.-EU Trade War Looms
European stock markets edged higher on Monday, supported by optimism over a historic German debt dea…
Gold Prices Dip After Record Surge, Market Eyes Tariffs & Economic Risks
Gold prices edged lower in Asian trade on Monday, following a record-breaking rally, as investors ba…
Bitcoin Drops as Traders Brace for Federal Reserve Decision
Bitcoin (BTC) fell on Monday, extending its weekly decline as investors remained cautious ahead of t…
Mark Carney Takes the Helm: Canada’s New PM Faces Trump and Global Trade Challenges
Newly-appointed Canadian Prime Minister Mark Carney officially assumed office on Friday morning, suc…
Market Analysis
August, 2020
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19 August 2020 10:59 am
Trump Postpones Trade Talks With China
US President Donald Trump said on Tuesday that he has postponed trade talks with China, adding that he does not want to talk to China at this time. Asked if he would withdraw from the trade deal with China, Trump said he would look into the matter. On Saturday, representatives …
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19 August 2020 10:57 am
PBOC Sets Yuan Reference Rate at 6.9168
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9168 versus Monday’s fix at 6.9325.
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19 August 2020 10:51 am
UK Annualized CPI Beats Estimates
The UK Consumer Prices Index (CPI) 12-month rate came in at +1.0% in July compared to +0.6% in June while beating expectations of a +0.6%, the UK Office for National Statistics (ONS) reported on Wednesday. Meanwhile, the core inflation gauge (excluding volatile food and energy items) came at +1.8% YoY …
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19 August 2020 2:11 am
Daily Recap: Tuesday, August 18, 2020
It was another weak day for the U.S. Dollar due to selling pressures and a decline in the Treasury Yields, but Wall Street was soaring with tech stocks making big gains and leading the S&P 500 index to finally close at a new record level, recovering all of its losses …
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19 August 2020 1:56 am
S&P 500 Closes at New All-Time High
The New York Stock Exchange (NYSE) closed Wednesday mixed as indices varied on their performance, with the Nasdaq and S&P closing at record highs and the Dow maintaining the downward trend. The S&P 500 index gained 0.2% and closed at 3,389.78, its highest evet closing level. Earlier in the session, …
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19 August 2020 1:50 am
Oil Prices Settle Higher and Await OPEC+ Summit
Oil prices showed a mixed performance on Tuesday, with the market anticipating the results of the OPEC+ summit, as well as the United States crude inventories data. Brent crude futures for October delivery added 0.2% and settled at $45.56 per barrel, while the West Texas Intermediate (WTI) futures for September …
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19 August 2020 1:16 am
Trudeau Appoints His Deputy as Finance Minister
The Canadian Prime Minister, Justin Trudeau, has appointed on Tuesday the Deputy PM, Chrystia Freeland, as Canada’s new Minister of Finance. This comes after the resignation of Bill Morneau from the post on Monday, reportedly due to disagreements with the Prime Minister. Freeland was Canada’s lead negotiator in talks for …
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19 August 2020 12:30 am
GBP Maintains Gains amid USD Weakness
The British Pound (GBP) rose against the U.S. Dollar (USD) on Tuesday, supported by the decline of the latter, amid anticipation for the progress of trade talks between the United Kingdom (UK) and the European Union (EU). The GBP/USD is trading at 1.3242, up by 1.07% for the day, after …
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18 August 2020 11:59 pm
Gold Prices Restore $2,000 per Ounce Level
Gold prices closed higher on Tuesday, maintaining its rising trend amid a decline by the U.S. Dollar. Gold futures for December delivery settled higher by $14.40 or 0.7% at $2,012.10 per ounce, restoring the $2,000 level. This comes after the yellow metal opened the week with its best daily gains …
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18 August 2020 8:48 pm
European Stocks Finish Lower
European stocks closed lower on Tuesday, after rising earlier in the session, mainly due to losses by banks and energy shares. The Stoxx Europe 600 index settled lower by 0.66% or 2.45 points at 366.81. Meanwhile, FTSE100 lost 0.83%, while CAC40 finished lower by 0.68%. DAX closed lower by 0.30%, …
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18 August 2020 8:13 pm
NZD Rises Following GDT Price Declines
The New Zealand Global Dairy Trade (GDT) price index declined by 1.7% on Tuesday. Meanwhile, the Whole Milk Powder price index decreased by 2.2%. The New Zealand Dollar (NZD) extended its gains against the U.S. Dollar (USD) following the data, with the Kiwi now up by 0.49% against the USD …
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18 August 2020 7:43 pm
USD Declines to More than Two-Year Low
The U.S. Dollar (USD) is maintaining its downward trend on Monday, despite an increase in housing starts. Recent data suggests that the real estate sector in the United States is recovering amid a decline in interest rates. The Dollar index (DXY), which measures the USD performance against a basket of …
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