EUR / GBP rallied in the European session and was seen hovering near weekly highs just below the mid of 0.9000. The pair reversed the decline to the 0.9010 area and turned to the positive side for the second consecutive session on Wednesday. The rise was due to the weakening …
Read More »Gold Prices Fall as Risk Appetite Grows Ahead of U.S.-China Trade Talks and Inflation Data
Gold prices saw a decline on Tuesday in Asian trade, pressured by improving risk appetite and reduce…
Crude Oil Rises on Trade Talks Hopes, Summer Demand Bets
West Texas Intermediate (WTI) crude oil prices surged past $64.00 per barrel on June 9, 2025, hittin…
EUR/USD Jumps Past 1.14 on Trade Talks Hopes, ECB’s Hawkish Rhetoric
The EUR/USD pair surged beyond 1.1424; climbing over 0.27% as buoyant market sentiment and a firm Eu…
Gold Surges as Dollar Weakens and Trade Talks Shift
Gold prices are climbing, reaching $3,333.95 per ounce, up +0.73% during the North American trading …
WWDC 2025: Wall Street Watches Apple’s Software, AI Upgrades, Market Gains
Apple’s Worldwide Developers Conference (WWDC), kicking off in Cupertino on June 9, 2025, promises a…
How Dollar Dynamics React with U.S.-China Trade Talks
The U.S. Dollar is navigating choppy waters as trade negotiations with China take center stage. Pres…
Falling Inflation Expectations Signal Shifting US Economic Outlook
The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations, released on June 9, 2…
Earnings Season Heats Up with GameStop, GitLab, and Smucker
As earnings season rolls on, a fresh wave of companies, including GameStop, GitLab, and J.M. Smucker…
U.S. Stock Index Futures Flat as Investors Await U.S.-China Trade Talks and Key Inflation Data
U.S. stock index futures were little changed on Monday, with market participants taking a cautious s…
Bitcoin Holds Steady Amid Market Caution Ahead of U.S.-China Trade Talks and U.S. Inflation Report
Bitcoin remained largely unchanged on Monday, trading within a narrow range as investors exercised c…
Market Analysis
August, 2020
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5 August 2020 2:33 pm
Eurozone Retail Sales Jump 1.3% YoY in June
Eurozone’s Retail Sales arrived at +5.7% MoM in June Vs +5.9% expected and +17.8% last, the latest data from the Eurostat showed on Wednesday. On an annualized basis, the bloc’s Retail Sales came in at +1.3% in June Vs-5.1% seen in May and -0.5% expected. The Retail Sales released by …
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5 August 2020 1:29 pm
Business Activity in Eurozone is Witnessing a Modest Recovery
A survey showed that Eurozone business activity recorded a modest recovery in July as some restrictions imposed to prevent the spread of the Covid 19 were lifted. Friday’s data showed the economy shrinking in the bloc by 12.1% in Q4, while a Reuters poll expected growth of 8.1% in July …
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5 August 2020 1:04 pm
UK Businesses Grow at Fastest Pace in Five Years
A survey showed that British companies in the services and manufacturing sectors grew at the fastest pace in more than 5 years last month, with the start to recover from the effects of Covid-19 on the economy. The IHS Markit / CIPS final composite Purchasing Managers’ Index (PMI) rose to …
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5 August 2020 12:25 pm
USD/CAD Slides to Over 5-Month Lows
The USD / CAD weakened further and fell below 1.3300 to the lowest level since February 26 during the European session today. The pair saw some subsequent sell-off during the first half of trading on Wednesday and broke below the monthly support levels in June near the 1.3315 area, and …
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5 August 2020 12:07 pm
European Shares Higher on Strong Earnings Reports
European stocks rose on Wednesday, influenced by positive earnings reports and massive amounts of stimulus across the financial system, all of which overshadowed concerns over the increasing numbers of Corona cases in Europe and the United States. The pan-European STOXX 600 index (STOXX) rose 0.7%, with the oil & gas …
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5 August 2020 11:20 am
Crude Oil Futures Rose During Asian Session
Crude oil futures rose during the Asian session on Wednesday. According to the New York Mercantile Exchange, crude oil futures were traded for September at $41.69 a barrel, up 0.02%. It was previously traded at a session high of $41.73 a barrel. Crude oil may find support at $38.72 and …
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5 August 2020 10:43 am
Gold Futures Fell During Asian Session
According to the COMEX, gold futures were traded for October at $2017.60 an ounce down 0.45%. It was previously traded at $2015.50 an ounce, lower session. Gold may find support at $1941.70 and resistance at $2036.00. The dollar index contracts, which measure the performance of the greenback versus a basket …
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5 August 2020 10:22 am
FX option expiries for Aug 5 NY cut
FX option expiries for Aug 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 1.8bn1.1725 769m1.1750 827m – USD/JPY: USD amounts 105.75 401m106.00 521m106.07 444m – USD/CAD: USD amounts 1.3330 1.4bn1.3450 738m
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5 August 2020 1:59 am
Daily Recap: Tuesday, August 4, 2020
Gold continued its historic rise, amidst increased demand for safe havens, despite the US Dollar recovering on the back of positive economic data. This data also helped crude oil prices resume gains, while stock markets showed a mixed performance around the globe. Here is a look at today’s top stories. …
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5 August 2020 1:09 am
Wall Street Closes in Green
Wall Street closed Tuesday higher with a positive investor sentiment resulting from a number of financial results and talks about a new stimulus package that is currently being discussed in Washington. The Dow Jones Industrial Average gained 164 points or 0.62% and closed at 26,828.47 points. Meanwhile, S&P 500 and …
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5 August 2020 1:03 am
Oil Finished at Highest Level in Five Months
Oil prices rose on Tuesday to its highest level in about five months, supported by positive economic data that signals the global recovery from the economic impacts of the COVID-19 crisis. The global benchmark Brent crude futures rose by 28 cents or 0.6% and settled at $44.43 per barrel, its …
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4 August 2020 10:56 pm
Gold Futures Close above $2,020 per Ounce
Gold prices surged on Tuesday, closing at a new record level due to increased demand on safe havens and a decline in US Treasury bond yields. Despite the US Dollar (USD) showing recovery signs on the back of positive economic data, the precious metal was over to continue its upward …
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