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Market Analysis

December, 2020

  • 8 December 2020 3:50 pm

    Annual GDP in Eurozone Contracts by 4.3% in Q3

    The seasonally adjusted Gross Domestic Product (GDP) expanded by 12.5% in the third quarter in the euro area, the data published by the Eurostat showed on Tuesday. On a yearly basis, the euro area GDP contracted by 4.3% in Q3 and came in slightly better than the market expectation for …

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  • 8 December 2020 3:49 pm

    EU Commission: Brexit Talks Can Continue After Transition Period Ends

    A spokesperson for the European Commission said on Tuesday that they are not excluding that Brexit talks can continue after the transition period ends, as reported by Reuters.

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  • 8 December 2020 3:26 pm

    Oil Continues Its Losses With Increasing Pessimism

    Oil prices fell on Tuesday, December 8, continuing the losses incurred in the previous session, at a time when California tightened general isolation measures to confront the Coronavirus pandemic during Christmas. Brent crude futures were down 51 cents, or 1.1%, to $ 48.28 a barrel by 07:44 GMT. US West …

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  • 8 December 2020 2:43 pm

    Japan’s Economy Grew by 22.9% in Q3

    The annual Japanese GDP grew better than expected in the third quarter, recording an increase of 22.9%, while expectations indicated a growth of 21.5%. On a quarterly basis, the Japanese economy grew during the same quarter more than expectations to record 5.3%. Household spending in Japan rose for the first …

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  • 8 December 2020 2:05 pm

    Gold at a Peak of Two Weeks on Stimulus Headlines

    Gold prices rose to a two-week high on Tuesday, December 8th, thanks to hopes that US lawmakers will reach an agreement on a financial stimulus package to ease the economic consequences of the growing infection with the Coronavirus. Gold rose in the spot market 0.3% to $ 1869.06 an ounce …

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  • 8 December 2020 1:12 pm

    Japan Stocks Declining for The Third Day, All Eyes on the US Stimulus Debate

    Japanese stocks fell for the third session in a row on Tuesday, 8 December, as a month-long rally was exhausted, as investors awaited the decision of US lawmakers on a new package to mitigate the repercussions of the Covid-19 pandemic. The Nikkei index declined by 0.3% to close at 26,467.08 …

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  • 8 December 2020 12:29 pm

    UK Vaccination Programme Getting Under Way

    The process of vaccination against the Coronavirus officially began in Britain, after the authorities allowed the use of Pfizer and Biontech vaccine a week ago, thus becoming the first in-country in Europe to start mass vaccination of the people in what was called a critical turning point in eliminating the …

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  • 8 December 2020 12:28 pm

    PBOC Sets Yuan Reference Rate at 6.5320

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.5320 versus Monday’s fix at 6.5362.

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  • 8 December 2020 3:54 am

    UK and EU Pushing for Post-Brexit Trade Deal

    The British government and the European Union (EU) are holding what could be the latest round of talks to reach a trade agreement for the post-Brexit stage. Significant differences reportedly still remain, CNBC reported citing sources in the United Kingdom (UK). Disagreements are mainly within three issues, namely: fisheries, competition …

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  • 8 December 2020 1:44 am

    G7 Finance Ministers Call for Regulating Cryptocurrencies

    The G7 Group is calling for regulating digital currencies, according to a statement by the U.S. Department of the Treasury on Monday, Reuters reported. This comes following a virtual meeting that gathered finance ministers and central bank governors from the group. The German Ministry of Finance issued another statement after …

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  • 8 December 2020 1:07 am

    Oil Finishes Lower Amid COVID-19 Fears

    Oil prices closed lower on Monday, beginning the week with a negative performance, amid concerns about the rising number of Coronavirus cases in many countries. Lockdowns and the fear of more preventive measures are prompting concerns about the recovery of the demand for energy worldwide. Brent crude futures for February …

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  • 8 December 2020 12:03 am

    GBP/USD Recovers Some of its Earlier Losses

    The British Pound (GBP) is showing a negative performance on Monday, however, it was able to cut its losses in half showing some recovery signs amid anticipation for what could be the latest round of trade talks between the United Kingdom (UK) and the European Union (EU) about the post-Brexit …

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  • 7 December 2020 11:15 pm

    Gold Closes Higher as USD Declines

    Gold prices rose on Monday, opening the week with a positive performance as the US Dollar (USD) declined near its lowest level since 2018. The rise of the yellow metal also comes amid renewed hopes for a new government stimulus package in the United States. Gold futures for February delivery …

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