The US Dollar (USD) showed strong recovery signs on Wednesday from near its lowest level in two years on the back of strong economic data in the US, coupled with the decline of the Euro with a surprise decline in German retail sales, and the Sterling Pound, with the British …
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
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3 September 2020 1:30 am
Fed’s Beige Book Highlights Uncertainty and Volatility
Although economic activity increased among most areas across the United States, gains remained subdued, with the economy yet to restore its levels prior to the coronavirus (COVID-19) pandemic, according to the US Federal Reserve Beige Book. The Beige Book report, which was released on Wednesday, showed that with the real …
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3 September 2020 12:57 am
NYSE Logs Highest Gains in a Week
The New York Stock Exchange (NYSE) registered its biggest gains in a week on Wednesday, supported by positive economic data that signaled a strong recovery from the COVID-19 crisis. Additionally, news about vaccine and treatments for the virus helped boost investors’ sentiment and the risk appetite. The Dow Jones Industrial …
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3 September 2020 12:34 am
US Treasury Yields Show Mixed Signs on USD Recovery
US Treasury yields mostly declined on Wednesday, amid a rise of the US Dollar (USD) on the back of positive economic data. Return on the 10-year Treasury notes decreased by 2.2 basis points to 0.650%. Yields on the 30-year bond fell by 5 basis points to 1.375%. Meanwhile, return on …
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3 September 2020 12:05 am
Oil Prices Close Lower Despite Stockpiles Draw
Oil prices declined on Wednesday, despite a decrease in crude inventories in the United States, as production in the Gulf of Mexico recovers from the impacts of Hurricane Laura. Brent crude futures for November delivery closed lower by $1.15, or 2.5%, at $44.43 per barrel. Meanwhile, the US West Texas …
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2 September 2020 11:46 pm
Gold Settles Lower as USD Recovers
Gold prices closed Wednesday lower, amid a recovery of the US Dollar on the back of positive economic data coupled with the Euro and the British Pound simultaneous declines. Gold futures for December delivery declined by $34.20, or 1.7%, and settled at $1,944.70 per ounce. Meanwhile, silver futures finished lower …
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2 September 2020 11:22 pm
GBP/USD Declines on BoE Dovish Tone
The British Pound (GBP) is trading lower against the US Dollar (USD) on Wednesday, with the USD rising on the back of strong manufacturing data with surging PMI and factory orders. Meanwhile, the GBP is impacted by recent remarks by policy makers in front of the House of Commons Treasury …
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2 September 2020 11:14 pm
UK Economy Facing Several Risks Due to COVID-19
The British economy is facing a risk of taking several years before recovering from the impacts of the coronavirus (COVID-19) crisis, according to member of the Bank of England’s (BoE) Monetary Policy Committee, Gertjan Vlieghe. Vlieghe remarks came on Wednesday in a report presented to the British parliament, Reuters reported. …
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2 September 2020 10:45 pm
European Stocks Close Higher Despite Negative Data
European stocks closed higher on Wednesday, despite a surprise fall in retail sales in Germany, amid an improved risk appetite and investors sentiment with recent surges in Wall Street. The Stoxx Europe 600 finished higher by 1.66%, while the UK’s FTSE100 gained 1.35%. In France, the CAC40 index increased by …
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2 September 2020 8:38 pm
Dollar Extends Gains as Euro Declines
The US Dollar (USD) is showing a strong performance against major currencies on Wednesday, supported by strong economic data. The US Dollar Index (DXY), which measures the performance of the USD against a basket of six international currencies, is up by 0.50% at 92.80, after closing Tuesday at 92.34. This …
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2 September 2020 7:54 pm
Sholz: European Economy Will Recover from COVID-19
Germany’s Minister of Finance, Olaf Scholz, said on Wednesday that the European economy will recover from the impacts of the COVID-19 crisis, but might face some hardships in the near term, Reuters reported. “Europe has dealt with a historic challenge and has provided a very good response, has shown solidarity …
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2 September 2020 7:31 pm
US Factory Orders Rise More than Expected
New factory orders in the United States rose by more than expected in July, according to data by the US Department of Commerce. Factory orders increased by 6.4% in July, while a recent poll by Reuters forecast a growth of 6%. The indicator signals a strong recovery from the coronavirus …
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2 September 2020 6:15 pm
US Extends Some Tariff Exemptions to China
The Trump administration’s threat of escalation against China came this time in disguise with seemingly positive news. The office of the US Trade Representative announced the extension of the deadlines for some exemptions from customs duties on a large group of Chinese goods. But this extension is until the end …
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