Gold prices closed higher on Monday, rising in the first session of the week as the US Dollar (USD) declined across the board against major currencies. In addition, political uncertainties and the rising number of COVID-19 cases in many countries are spurring demand for safe havens. Gold futures for December …
Read More »US-China Trade Deal: A Step Toward Stability or a Fragile Truce?
On June 11, 2025, President Donald Trump announced a US-China trade deal as “done” via h…
Gold Prices Surge on Cooling US Inflation and Fed Rate Cut Bets
Gold prices climbed modestly on Wednesday, with XAU/USD trading near $3,341.75, up up+0.55% after br…
EUR/USD Gains Momentum, Eyes 1.1500
EUR/USD has accelerated its upward climb, nearing weekly highs hovering around 1.15, exactly trading…
Dow Jones Surges Past 43,000 Amid CPI Data, Trade Talks Progress
The Dow Jones Industrial Average (DJIA) has climbed above 43,000 for the first time since February, …
Supply Outlook: EU Eyes Russian Imports, and US Inventories Signal Market Shift
According to the Energy Information Administration (EIA), US crude oil production is projected to de…
Stock Movers: Tesla, GameStop, and Beyond
Tesla’s Surge Sparks Electric Vehicle OptimismTesla’s stock climbed significantly in pre…
Trade Optimism, Shrinking Inventories Fuel Oil Prices Rally
WTI crude oil prices have climbed above $65.00, marking a significant 2% intraday gain as of June 11…
U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
Bitcoin traded largely flat on Wednesday, pausing after Tuesday’s sharp gains as traders diges…
Market Analysis
September, 2020
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28 September 2020 10:21 pm
Fed’s Mester: More Actions Needed for Recovery
President of the Federal Reserve Bank of Cleveland, Loretta Mester, said on Monday that the US economy needs more actions to guarantee its recovery from the impacts of the Coronavirus (COVID-19) “Opportunity and inclusion are important for achieving a strong economy.”“Unless actions are taken to promote an inclusive economy, the …
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28 September 2020 10:08 pm
European Stocks Open the Week with Big Gains
European stocks closed higher on Monday, opening the week with strong gains. The STOXX Europe 600 index gained 2.2% and closed at the level of 363.39 points, supported by a strong rebound from bank stocks. In the UK, the FTSE100 index finished the first session of the week higher by …
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28 September 2020 8:26 pm
EUR/GBP Testing 0.9070
The Euro (EUR) is declining against the British Pound (GBP) is down by 0.57% for the day, trading 0.9072, amid the strength of the latter. The pair opened Monday at the level of 0.9094 after closing last week at 0.9125. EUR/USD is moving in a range between 0.9025 and 0.9126, …
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28 September 2020 8:15 pm
USD/JPY Stable Near 105.5
The US Dollar (USD) is showing stability against the Japanese Yen (JPY) despite mostly weakness across the board. The USD/JPY is trading at 105.55, marginally lower for the day by 0.03%. The pair has been moving in a range between 105.270 and 105.690. After closing last week at 105.58, the …
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28 September 2020 8:07 pm
GBP/USD Shows Strong Performance Above 1.200
The British Pound (GBP) is surging in front of the US Dollar (USD) on Monday, opening the week with a strong performance amid a relevant decline by the USD. The GBP/USD is trading higher for the day by 0.88% at 1.2858 after opening today at 1.2745, a little below its …
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28 September 2020 7:18 pm
Texas Production Activity Expands in September
The Texas factory production index increased by nine points to 22.3 in September, its highest reading in two years, according to data by the Texas Manufacturing Outlook Survey. This is the fourth consecutive monthly increase for the index, signaling recovery from the impacts of the COVID-19 pandemic. Meanwhile, future production …
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28 September 2020 5:54 pm
ECB’s Lagarde: ECB Continues to Stand Ready to Adjust All of Its Instruments
The economic recovery in the euro area remains incomplete, uncertain and uneven, Christine Lagarde, President of the European Central Bank (ECB), reiterated while delivering her prepared remarks at the EU Committee on Economic and Monetary Affairs. “In the current environment of elevated uncertainty, the Governing Council will carefully assess all …
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28 September 2020 5:38 pm
The Turkish Lira Drops to Fresh Lows Weighted by Caucasus Conflict
The Turkish lira fell to record levels against the dollar, the euro and the pound on Monday, September 28, in light of fears of increasing Turkey’s intervention in the rapidly escalating conflict in the Caucasus, despite the sudden interest rate hike last week in order to support the currency. The …
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28 September 2020 4:38 pm
Germany Proposes Rule of Law Conditions For Accessing EU’s COVID Recovery Fund
European Union chair Germany has proposed a rule of law scheme for accessing EU funds in negotiations between member states and the European parliament, Reuters reported on Monday, citing an internal document. Quotes according to Reuters “Rule of law is essential, important to protect the EU’s financial interests, impartial courts.”“Respect for …
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28 September 2020 3:38 pm
PBOC: We Will Maintain Ample Liquidity And Reduce Financing Costs
The People’s Bank of China said it will maintain reasonably ample liquidity and direct funding costs down. The People’s Bank of China said in a statement after a meeting of its monetary policy committee that it would make this policy more flexible and targeted. He went on to say that …
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28 September 2020 2:54 pm
US Dollar Near a Two-Month High Amid Political And Economic Risks
The dollar traded near a two-month high against a basket of currencies on Monday, September 28, while doubts about an economic recovery continued before a batch of economic data and political developments in the United States. The recovery of US stocks on Friday contributed to limiting the rise of the …
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28 September 2020 2:10 pm
Oil is Falling on Uncertainty Surrounding The Recovery of Demand
Oil prices fell on Monday, September 28, as the high number of coronavirus cases dampened hopes for a smooth recovery in fuel demand, while the two major benchmarks are moving towards recording their first monthly decline in several months after falling last week. By 06:52 GMT, Brent crude was down …
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