There were many important events that affected the markets over the past week, such as the European Central Bank and Bank of Canada meeting with Brexit talks reaching a dead-end last week and the developments of the Corona vaccine as tensions continued between the United States and China. At its …
Read More »Bitcoin Remains Rangebound Amid Trade Talks and Fed Decision
Bitcoin stayed steady near $119,000 on Tuesday as investors awaited further clarity on U.S. trade ne…
Visa and Mastercard to Report Strong Quarterly Profits Amid Consumer Resilience and Trade Uncertainty
Visa (NYSE:V) and Mastercard (NYSE:MA), the world’s largest payment processors, are expected to repo…
European Equities Edge Higher Amid Trade Deal Optimism and Corporate Results
European equities saw a modest uptick on Tuesday, lifted by corporate earnings reports, notably in E…
Gold Prices Steady Near Three-Week Lows as Dollar Strengthens, Trade Tensions Ease
Gold prices held steady near three-week lows on Tuesday, with a stronger U.S. dollar and easing glob…
Oil Prices Rally as Supply Tightened Over Global Dynamics
Crude Prices Bounce BackOn July 28, 2025, oil prices surged, with West Texas Intermediate (WTI, CL=F…
Earnings Recap: Markets Blaze and US Stocks Hold Steady
The US stock market kicked off a busy week with a dynamite wave of second-quarter earnings reports, …
Pound Outshines Euro Amid US-EU Trade Deal Fears
Pound Gains Ground on EuroOn July 29, 2025, the British pound strengthened against the euro, with th…
Trump Blazes with Russia Sanctions Threat
U.S. President Donald Trump set the global stage ablaze, slashing his 50-day deadline for Russia to …
Euro Tumbles as US-EU Trade Deal Sparks Concerns
Euro Faces Sharp DeclineOn July 28, 2025, the euro slumped against the US dollar, with the EUR/USD p…
Gold Stumbles as Dollar Demand and Trade Deal Reshape Markets
A Fourth Day of Losses for GoldGold prices slid for the fourth consecutive day on July 28, 2025, dro…
Market Analysis
September, 2020
-
12 September 2020 1:22 am
WSJ: US Economy Recovering Faster than Expected
The United States economy is recovering at a pace that is faster than initially expected, a recent survey by The Wall Street Journal suggested. Participating economists and market experts are expecting the US gross domestic product (GDP) will achieve a growth rate of 23.9% during the third quarter (Q3) of …
Read More » -
12 September 2020 12:29 am
UK, Japan Reach New Trade Agreement
The United Kingdom (UK) has reached a trade agreement with Japan for the post-Brexit stage, which is the first of its kind for London, Reuters reported. Under the new deal with Japan, around 99% of British exports will be exempted from tariffs. Bilateral trade reached GBP 29.5 billion in 2018, …
Read More » -
12 September 2020 12:11 am
US Budget Deficit Nearly Triples in August
The United States federal government’s budget deficit exceeded $3 trillion during the first 11 months of fiscal year 2020. Deficit in August amounted to $200 billion, Reuters reported. Year-to-date, the deficit reached $3.007 trillion nearly triple that of the same period last year.
Read More » -
12 September 2020 12:07 am
Oil Futures Down More than 6% for the Week
Oil prices declined on Friday, logging their second consecutive weekly decline amid a mostly negative outlook for global demand. Brent crude futures for November delivery closed lower by 23 cents, or 0.6%, at $39.83 per barrel losing 6.6% for the week. Meanwhile, the West Texas Intermediate (WTI) futures for October …
Read More » -
11 September 2020 11:05 pm
Gold Finishes Lower but Adds 0.7% for the Week
Gold prices declined on Friday, limiting its weekly gains, amid recent fluctuations by the US Dollar (USD). Gold futures for December delivery closed lower by $16.40, or 0.8%, at $1,947.90 per ounce, adding 0.7% for the week. Meanwhile, silver December futures decreased by 43 cents, or 1.6%, and finished at …
Read More » -
11 September 2020 10:37 pm
France Not Planning Another COVID-19 Lockdown
The Prime Minister of France, Jean Castex, said on Friday that there are currently no plans by his government to impose a lockdown to combat the outbreak of the coronavirus (COVID-19), despite a recent surge in new confirmed cases, Reuters reported. “The virus is with us for several more months …
Read More » -
11 September 2020 9:41 pm
US Oil Rigs Decline in Week
Data by Baker Hughes showed on Friday that active oil rigs in the United States declined by one rig to a total of 180 last week. Meanwhile, total active oil and gas drilling rigs decreased by two rigs to 254.
Read More » -
11 September 2020 9:15 pm
European Stocks Register Small Gains
European stocks closed marginally higher on Friday, amid anticipation for the results of Brexit talks between the European Union and Britain. The Stoxx Europe 600 index added 0.1% and closed the week at the level of 368.41 points. The UK’s FTSE100 increased by 0.48%, while the French CAC40 gained 0.20%. …
Read More » -
11 September 2020 7:55 pm
Europe Challenged by Private Crypto Assets
Europe needs to address the challenges imposed by private sector global digital assets, warned the Governor of the Bank of France, Coin Telegraph reported. “We in Europe face urgent and strategic choices on payments that will have implications for our financial sovereignty for decades to come.” “Our European ecosystem has …
Read More » -
11 September 2020 7:08 pm
DXY Fluctuating in Downward Trend
The US Dollar (USD) is showing a mostly negative performance on Friday, after the release of the CPI data. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is marginally down by 0.02% at 93.32, after closing Thursday at 93.34. The index …
Read More » -
11 September 2020 6:07 pm
Wall Street Opens Higher On Strong Major Tech Stocks
US stocks opened higher, buoyed by heavyweight tech stocks, as quarterly results exceeding expectations for Oracle confirmed the robustness of technology-related companies during the Coronavirus crisis. The Dow Jones Industrial Average rose 79.28 points, or 0.29%, to 27,613.86 points. The Standard & Poor’s 500 Index opened, up 13.51 points, or …
Read More » -
11 September 2020 5:25 pm
Eurozone Ministers Pledge Continued Financial Support to the Economy
The European Union asked Britain Thursday 10 September to urgently cancel a plan to breach the withdrawal agreement, but Prime Minister Boris Johnson’s government refused and instead went ahead with a bill that could waste four years of Brexit talks. With the increasing likelihood that Britain’s departure from the European …
Read More »