Durable goods orders in the United States continued to rise in June, as the US Census Bureau reported on Monday that durable goods orders in the United States rose 7.3% MoM to $ 206.9 billion in June after an increase of 15.1% in May, better than forecasts of 7.2%. Excluding …
Read More »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 …
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…
Oil Gains Amidst Geopolitical Tempest and Shifting Demand Forecasts
Despite a week dominated by fluctuating geopolitical tensions and evolving economic forecasts, oil p…
Fresh Deadline Drama: Senate Poised to Avert Shutdown
Funding Bill on the Brink of PassageThe Senate is set for a pivotal test vote this afternoon on the …
Market Analysis
July, 2020
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27 July 2020 4:38 pm
GBP/USD Climbs beyond mid-1.2800s
The GBP/USD pair rose to nearly 5-month highs with a strong offered tone, to the 1.2875 region during the mid-European session on Monday. The US dollar started the week on the negative side, amid fears of a faltering economic recovery in the United States after the increase in new Covid-19 …
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27 July 2020 4:11 pm
US Stocks Futures Higher
US stocks are set to open higher on Monday and support comes from hope for the immediate delivery of the new fiscal stimulus during the busy week of corporate earnings and ahead of the Federal Reserve meeting S&P 500 futures are up 24 points or 0.8%, Nasdaq 183 or 1.7% …
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27 July 2020 3:21 pm
Gold Hits Record High
The price of gold has reached an all-time high, as concerns about the health of the recovery in the United States and the increasing signs of the second waves of Corona virus around the world have boosted demand for assets that no one can afford. Gold futures rose to $ …
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27 July 2020 2:52 pm
French Jobless Total Drops in June
Data from the French Ministry of Labor showed on Monday that France is experiencing the largest decrease in total unemployment as job seekers find part-time jobs. The ministry said the number of unemployment in government employment agencies decreased by 204,700 in June, the largest monthly drop ever to 4,220,900. The …
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27 July 2020 2:15 pm
EUR/GBP Keep Modest Gains Above 0.9100
The EUR/GBP gained some momentum on Monday and built on a good bounce last week with the common currency receiving support from the European Recovery Fund Agreement. The EUR/GBP shade some gains around 20 points during the European session, just above 0.9100. the pair built on a good bounce last …
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27 July 2020 1:39 pm
Nikkei Falls to Its Lowest Level in a Week And Half
Japanese stocks fell to their lowest levels in a week and a half on Monday, as concerns about the deterioration of relations between China and the United States caused a negative shift in investor sentiment. The 225-issue Nikkei Stock Average lost 35.76 points, or 0.16%, from Wednesday to close the …
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27 July 2020 12:58 pm
USDCHF Off Multi-Years Lows
Concern about the high of COVID-19, and the worsening relations between the United States and China affected the pair. The upbeat mood on the market undermined the CHF as a safe haven and helped reduce further losses. It appears that the USDCHF pair has now entered a bearish consolidation phase …
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27 July 2020 12:21 pm
German IFO Business Climate Index Beats Estimates
The headline German IFO Business Climate Index came in at 90.5 in July, better than last month’s 86.2 while beating the consensus estimates of 89.3. Meanwhile, the Current Economic Assessment arrived at 84.5 points in the same month as compared to last month’s 81.3 and 85.0 estimated. On the other …
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27 July 2020 11:49 am
European Stocks Seen Higher
European stock markets opened higher on Monday, supported by signs of recovery from China, along with the continued corporate earnings season. However, it gave up some of those gains with negative news about COVID-19 cases and tensions between the United States and China. At 06:05 GMT, DAX futures in Germany …
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27 July 2020 11:07 am
Gold Hits Record High, Stocks Mixed
The yellow metal rose to all-time high on Monday as relations between the United States and China deteriorated, sparking demand for the safe metal while market sentiment was mixed ahead of more earnings reports. Gold rose 1.6% to a record $ 1.943 an ounce, exceeding its peak in September 2011 …
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27 July 2020 10:28 am
China Reports 61 New Covid-19 Cases
The National Health Commission of China said on Monday that it had recorded 61 new infections with the COVID 19 up from 46 the previous day, adding that it had detected the most significant number of local infections with the virus since early March. The commission said the new number …
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27 July 2020 9:49 am
Weekly Recap 20-24 July
Tensions between the world’s two largest economies, the United States, and China continues to increase next to increase in the number of new cases of Covid-19, particularly in the United States, all this cast a shadow over the markets as President Trump took some decisions related to China with accusations …
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