Gold prices rose on Wednesday reaching another record high level on the back of increased demand for the previous metal. Gold futures for December delivery added $28.30 or 1.4% and settled at $2,049.30 per ounce. The yellow metal has now gained about 34% since the beginning of 2020.
Read More »European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of t…
Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed
Gold prices edged higher in Asian trading on Wednesday, buoyed by safe-haven demand after a U.S. cou…
Energy Market Story: Crude Retreats as Profit-Taking Caps Trade-Driven Surge
The energy market on Tuesday, June 10, 2025, saw West Texas Intermediate (WTI) crude oil surge to a …
Market Drivers: Could CPI Data Shift Fed’s Potential Easing Path in September?
The US Dollar edged higher on Tuesday, rebounding from a weak start to the week, buoyed by cautious …
USD/JPY Treads Water as Trade Talks and CPI Data Loom
The USD/JPY pair, up 0.25% at 144.95, clings to support above 144.90 as markets grapple with US-Chin…
Liquidity Crunch: Traders Face a Shifting Market in June 2025
Markets in June 2025 face a liquidity squeeze that’s reshaping how traders operate. U.S. Treasury yi…
Dollar Climbs and US Stocks Ride Risk-On Wave on Trade Talk Optimism
The US Dollar Index, tracking the currency against six major peers, rose 0.13% to 99.07 from 98.94, …
Gold Prices Struggle To Hold Steady Amid US-China Talks, CPI Anticipation
Gold prices, down 0.08% at $3,322.945 after reaching a daily high of $3,347.68, hold steady above th…
China’s Economic Rebound Faces Trade War Turbulence: Early Recovery Signals
China’s economy showed resilience in the first quarter of 2025, with growth reaching 4.7%, driven by…
Bitcoin Surges on U.S.-China Trade Talk Progress, Altcoins Follow Suit
Bitcoin experienced a sharp rise on Tuesday as investors reacted positively to the progress in ongoi…
Market Analysis
August, 2020
-
5 August 2020 10:32 pm
Kaplan: COVID-19 is Muting Economic Recovery
President of the Federal Reserve Bank of Dallas, Robert Kaplan, told CNN on Wednesday that the US economy needs the extension of unemployment benefits, Reuters reported. Kaplan expects gross domestic product (GDP) to grow by 20% in the third quarter (Q3), and contract by 50% in 2020. “The issue with …
Read More » -
5 August 2020 9:59 pm
IHS Markit: US Services PMI Records 50 in July
The seasonally adjusted final IHS Markit US Services PMI Business Activity Index registered a neutral 50 in July, up from 47.9 in June. This is the third monthly rise in a row for the index, and it market the end of five months of contraction, or registering readings below the …
Read More » -
5 August 2020 9:48 pm
CAD Continues to Show Strength against USD
The Canadian Dollar (CAD) is showing a strong performance against the US Dollar (USD), supported by the recovery of oil prices, reaching its highest level in five months. Meanwhile, the USD continues to show general weakness across the board against major currencies. The USD/CAD has decreased by around 5.8% since …
Read More » -
5 August 2020 9:09 pm
Kuroda: Economies to Start Recovery in H2
Economic activity and financial stability in Japan are facing the risk of significant constraints in case preventive measures against the COVID-19 pandemic are fully re-imposed, Bank of Japan Governor Haruhiko Kuroda has warned. However, Japan is not going into deflation with the Bank of Japan maintaining its 2% inflation target, …
Read More » -
5 August 2020 7:53 pm
Clarida Expects Full Recovery by End of 2021
The US Federal Reserve Vice Chairman, Richard Clarida, said in an interview on Wednesday that the United States economy could recover to its levels prior to the COVID-19 crisis by the end of next year, Reuters reported. “It will take some time, I believe, before we get back to the …
Read More » -
5 August 2020 7:46 pm
US Oil Inventories Down 7.4 M Barrels in Week
Crude oil inventories in the United Stated declined for the second consecutive week, according to data by the US Energy Information Administration (EIA). Oil stockpiles decreased by 7.4 million barrels last week, exceeding market estimates, to a total of 518.6 million barrels. Yesterday, data by the American Petroleum Institute (API) …
Read More » -
5 August 2020 7:26 pm
US Sectors Show Mixed Performance in July
Purchasing managers’ indices (PMIs) in the United States showed a mostly positive performance during the month of July, according to data by IHS Markit. Four out of seven sectors expanded in activity in July, while the others showed slower rates of decline compared with June, reflecting the uneven impact of …
Read More » -
5 August 2020 5:38 pm
Canada: Trade Deficit Expands to $3.19 Billion in June
The monthly data published by Statistics Canada on Wednesday showed that Canada’s trade deficit expanded from $1.33 billion in May to $3.19 billion in June, This reading came in better than the market expectation for a deficit of 0.9 billion.
Read More » -
5 August 2020 5:30 pm
US Trade Deficit Narrows to $50.7 Billion
The United States’ international trade deficit declined by $4.1 billion to $50.7 billion in June, the data published jointly by the US Census Bureau and the US Bureau of Economic Analysis showed on Wednesday. This reading followed a deficit of $54.8 billion in May and came in slightly worse than …
Read More » -
5 August 2020 5:00 pm
US Private Sector Adds 167,000 Jobs in July
Employment in the US’ private sector rose by 167,000 in July, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading came in much worse than the market expectation for an increase of 1.5 million. Data for June was revised up to show …
Read More » -
5 August 2020 4:39 pm
Oil Prices at Highest Level in 5 Months
Oil prices rose on Wednesday to highest levels since early March after data showed a significant decline in US crude oil stockpiles, but fears of the second wave of Covid-19 capped the gains Brent crude rose 1.03 dollars, or 2.3%, to 45.46 dollars a barrel. WTI also rose $ 1.03, …
Read More » -
5 August 2020 3:24 pm
EUR/GBP Clings to Modest Gains Near Weekly Tops
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 »