Japan’s government expects the economy will contract this year as activity slowly recovers after it was hit by the coronavirus crisis, shile forecasting a return to growth next year, according to Reuters, citing government resources. One of the sources told Reuters that “the government sees GDP shrinking in the current …
Read More »USD/JPY Slips to 145.00 Amid US Dollar Woes and Japan’s Spending Surge
The USD/JPY pair retreated to 145.00 on May 9, 2025, after failing to sustain gains above a one-mont…
Gold Advances at $3,325.39 as Dollar Weakens and Global Tensions Flare
Gold prices surged over 1% on May 9, 2025, reaching $3,325.39 per ounce, as a weakening US Dollar an…
Trump Stands Pat on Tariffs Even as New Trade Pacts Loom
On May 9, 2025, President Donald Trump declared that the US would maintain a universal 10% tariff on…
Dollar Dips as Stock Surge and Fed Hints at Rate Cut Loom
The US Dollar retreated from its near-monthly peak on May 9, 2025, as a wave of stock buying swept t…
Wall Street Futures Muted as Investors Await U.S.-China Trade Talks; Nvidia Eyes China Chip Shift
U.S. stock futures traded cautiously on Friday, as market participants held back ahead of a key roun…
Oil set for weekly gain on Easing Trade Tensions, UK Deal Boosts Sentiment
Oil prices extended gains on Friday, with benchmarks poised to end the week higher as optimism aroun…
Forex Report: Dollar Eases but Heads for Weekly Gain Amid Cooling Trade Tensions and Cautious Fed
The U.S. dollar slipped slightly in early European hours on Friday, though it remained on track for …
European Stocks Climb on Optimism Over U.S.-U.K. Trade Deal and Easing Tensions
European equity markets rose on Friday, buoyed by optimism that the newly signed trade framework bet…
Gold Rebounds as Market Eyes U.S.-China Trade Talks Following UK Framework Deal
Gold prices edged higher in Asian trading on Friday, recovering from two days of sharp declines, as …
Oil Prices Edge Higher as U.S.-China Trade Talks and U.K. Deal Offer Glimmers of Optimism
Oil prices extended gains on Friday, building on a sharp rally in the prior session, as easing trade…
Market Analysis
July, 2020
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29 July 2020 12:48 pm
AUD/USD Jumps to Test 15-Month Highs
AUD/USD is trying to test 15-month highs at 0.7183 for the third consecutive session on Wednesday with support from selling-off in the US dollar. The Australian dollar bounced from its daily low of 0.7149 for a short period after the CPI data came in against expectations in the Q2 in …
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29 July 2020 12:11 pm
Oil Rises After Surprise drop in U.S. Inventories
Oil prices rose on Wednesday after a report showed that crude oil inventories in the United States fell against expectations, giving the market some support amid large increases in Covid-19 cases in the United States. Brent crude futures rose 14 cents, or 0.3%, to $ 43.36 a barrel at 03:26 …
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29 July 2020 11:21 am
European Stocks Set to Open Lower
European stock markets set to open lower on Wednesday with doubts over the timing of stimulus in the United States while eyes in Europe over reports from Deutsche Bank, Barclays and Santander in the banking sector. At 06:05 GMT, the German DAX futures were trading lower 0.1%, the French CAC …
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29 July 2020 10:47 am
US Dollar Near 2020 Lows
The US dollar, measured by the US Dollar Index (DXY), resumed the downtrend on Wednesday and is approaching its lowest near 93.50. The index quickly retracted its lead on Tuesday as sellers dominated the market and sentiment surrounding the dollar. The dollar remains under intense pressure as traders maintain the …
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29 July 2020 10:29 am
Asian Stocks Mixed
Asian stocks are struggling to get a steady direction with trading quietly ahead of Wednesday’s Fed meeting. The Nikkei came out with the news that the Japanese government’s plan to reduce the economic outlook for GDP for the year 20/21. Fitch downgraded Asian Majors’ Outlook to negative but the rating …
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29 July 2020 10:00 am
FX Option Expiries For July 29 NY Cut
FX option expiries for July 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – USD/JPY: USD amounts 105.00 992m – NZD/USD: NZD amounts 0.6650 203m0.6675 969m
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29 July 2020 1:28 am
Italy to Extend State of Emergency
The Italian Senate approved on Tuesday a request by Italy’s Prime Minister Giuseppe Conte to extend the state of emergency until October 15, in order to maintain preventive measures against the COVID-19 crisis. The move was supported by 157 votes and opposed by 125, Reuters reported. A six-month state of …
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29 July 2020 12:48 am
US Treasury Yields at Three-Month Low
The US Treasury yields declined on Tuesday, ahead of the Federal Reserve’s Federal Open Market Committee (FOMC) July meeting releasing its policy statement tomorrow. Although no changes in interest rates are expected, the meeting is set to reveal more details about recent developments in the US monetary policy. The 10-year …
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29 July 2020 12:40 am
NYSE Settles Lower Ahead of Fed Meeting
The New York Stock Exchange (NYSE) settled lower on Tuesday, as concerns regarding the COVID-19 pandemic continues to curb investors’ risk appetite, reflected by the rising demand for safe havens with gold prices reaching unprecedented levels. In addition, the market is anticipating the Federal Reserve meeting, in which it is …
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29 July 2020 12:05 am
Oil Futures Close at Lowest Level in Week
Oil prices declined on Tuesday to settle at their lowest level in a week, ahead of the release of the US inventory data by the American Petroleum Institute (API). The global benchmark Brent crude futures for September delivery declined by 19 cents or 0.4% and finished at $43.22 per barrel, …
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28 July 2020 11:48 pm
Bitcoin Trading Little Below $11,000
After rising above the $11,000 mark earlier today, the price of Bitcoin declined by 2.4% to trade at $10,986.10. Earlier today, Bitcoin rose by $1,268 or 12.7% to trade as high as $11,203.90, reaching its highest level in six months. Meanwhile, Ethereum is down by 1.6% at $317.48. Bitcoin Cash …
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28 July 2020 11:00 pm
Gold Finishes at New Record High
Gold prices settled higher on Tuesday after recovering from brief losses, achieving a new record high closing level for the third consecutive session. Concerns regarding the COVID-19 pandemic, as reflected by the decline in the US consumer confidence index, have spurred demand for safe havens. Gold futures for August delivery …
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