Democratic presidential candidate Joe Biden’s campaign has said its legal teams will be ready if President Donald Trump implements his threat to go to court to try to stop the vote count. Earlier on Wednesday, Trump prematurely declared victory in the election. He said: “We are going to the United …
Read More »Market weekly wrap: Government shutdown could have an end soon
Markets kicked off last week on a cautious note after President Donald Trump announced late Friday a…
Wall Street Bounces Back: Dow Surges as Trade Hopes and Fed Bets Lift Market Mood
After a turbulent week marked by financial sector jitters and political uncertainty, the Dow Jones I…
Gold Retreats from Record High as Trump Softens Stance on China
Gold’s meteoric rise hit a speed bump on Friday, slipping 2% from its all-time high after U.S. Presi…
Washington Stalemate Deepens: U.S. Government Shutdown Hits 17 Days With No End in Sight
The United States government shutdown entered its 17th day on Friday, making it the third-longest in…
Euro Holds Firm as France Restores Political Calm, While UK Faces Fiscal Strain
The euro remained stable on Friday, supported by renewed political calm in France after recent tensi…
Bitcoin’s October Slump Fuels Hope for a Major Comeback
Bitcoin’s price dropped again in October, stirring memories of past downturns that often came just b…
Washington Moves to Ease Capital Rules for Small Banks in Bid to Boost Lending
U.S. regulators are preparing a proposal aimed at giving community banks more room to lend by easing…
Swiss Franc Rises as Global Trade Worries and Rate Cut Bets Pressure the US Dollar
Trade Tensions and Rate Cut Bets Push the Dollar DownThe US Dollar is facing significant downward pr…
U.S. Futures Extend Losses as Regional Bank Worries and Geopolitical Tensions Weigh
U.S. stock index futures slipped further on Friday, extending the previous session’s selloff as rene…
Oil Prices Slip as Trump–Putin Peace Talks Ease Supply Fears
Crude on Track for 3% Weekly LossOil prices extended their decline on Friday, heading toward a weekl…
Market Analysis
November, 2020
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4 November 2020 4:50 pm
Biden Campaign: Our Lawyers Ready if Trump Goes to Court to Stop The Vote Count
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4 November 2020 3:41 pm
US Election: Nevada Postpones Vote Counting Until 1700 GMT, Thursday
The state of Nevada will not resume counting votes until 0900 PST (1700 GMT) on Thursday, Reuter reported on Wednesday, citing Edison Research. The latest data shows that President Donald Trump and former Vice President Joe Biden are tied at 49% in the state with 85% of estimated votes tallied …
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4 November 2020 2:23 pm
UK Foreign Secretary: Lockdown Will Definitely End on December 2
midst the US election chaos, UK Foreign Secretary Dominic Raab said in a statement on Wednesday, the lockdown will definitely end on December 2. The reassurance from Raab failed to offer any reprieve to the GBP bulls, as GBP/USD drops 0.86% to trade at 1.2941, as of writing. Earlier this …
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4 November 2020 1:42 pm
President Trump Says “getting ready to celebrate a big win”
“We won states that we weren’t expecting to win,” US President Donald Trump said while speaking from the East Room of the White House, adding that “we are getting ready for a big celebration.” “This is without question the latest news conference I’ve ever had.”“Millions and millions of people voted …
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4 November 2020 1:18 pm
Oil Falls After Trump Questions Integrity of Election
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 …
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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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