China said it rejected the US crackdown on Huawei after the administration of US President Donald Trump announced it would tighten restrictions imposed on the company. During his daily press testimony, Chinese Foreign Ministry spokesman Zhao Lijian urged the United States to stop undermining confidence in Chinese companies. Zhao said …
Read More »Dow Soars 426 Points as Investors Shift from Tech to Healthcare; Tesla Plunges Amid Trump-Musk Feud
The U.S. stock market opened the third quarter with a mixed performance, as the Dow Jones Industrial…
Gold Jumps Over 1% as Trade Tensions and Fiscal Fears Boost Safe-Haven Appeal
Gold prices soared by more than 1.13%, climbing to approximately $3,355 per ounce, before stablizing…
Senate Approves Trump’s ‘One Big Beautiful Bill’: Key Provisions and Next Steps
The US Senate passed President Donald Trump’s ambitious legislative package, known as the “One Big B…
US Dollar Stages Comeback as Strong ISM and JOLTS Data Counter Political and Trade Uncertainties
The US Dollar Index (DXY) staged a recovery after hitting its lowest level since February 2022 at 96…
Euro Hits Multi-Year Peak Before Dollar Rebounds: ECB Forum and US Data in Focus
The EUR/USD currency pair surged to a multi-year high of 1.1830, its strongest level since September…
Central Bank Titans Convene in Sintra: Powell, Lagarde, and Bailey Tackle Global Monetary Challenges
On July 1, 2025, the picturesque town of Sintra, Portugal, became the epicenter of global economic d…
BOJ’s Ueda Signals Persistent Low Inflation at ECB Forum
On July 1, 2025, at 5:55 PM EEST, Bank of Japan (BOJ) Governor Kazuo Ueda provided critical insights…
Oil Prices Stabilize as OPEC+ Output Hike and Trade Talks Dominate Market Focus
1. Oil Price MovementsOil prices saw slight gains on Tuesday as market participants evaluated expect…
U.S. Stock Futures Pull Back Amid Trade and Fiscal Policy Uncertainty
1. Market Overview and Trade SentimentU.S. stock futures slipped on Tuesday, retreating from recent …
European Stocks Steady Ahead of Trade Deadline and Key Inflation Data
Global Market Caution Amid U.S. Trade Negotiations European stocks traded cautiously on Tuesday, as …
Market Analysis
August, 2020
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18 August 2020 5:19 pm
Japanese Manufacturers’ Confidence Improved Slightly
A Reuters Tankan survey of business confidence on Tuesday showed that Japanese manufacturers were less pessimistic in August than they had been in at least four months, but indicated only a slow recovery from the coronavirus pandemic. This highlights the mammoth task that policymakers face to pull the economy out …
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18 August 2020 3:24 pm
Gold jumps 1% Surpassing $ 2,000
Gold prices rose 1% to surpass the $ 2,000 mark on Tuesday, August 18, in light of the decline of the US currency to its lowest level in more than two years, and dealers ’focus on the minutes of the latest meeting of the US Federal Reserve scheduled for release …
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18 August 2020 3:09 pm
US Dollar Near Its Lowest Level in Two Years
The US dollar fell against a basket of major currencies for the fifth consecutive trading session Tuesday, August 18th, approaching its lowest level in two years under pressure from low bond yields and gloomy economic data in the US. The dollar has registered gains over the years, but the Coronavirus …
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18 August 2020 2:42 pm
Oil Retreating After gains Due to Production Cuts
Oil prices maintained most of last night’s gains, Tuesday, August 18, after the OPEC + group said that members had almost fully committed to the agreed production cuts to support prices amid a decline in fuel demand due to the Coronavirus pandemic. By 07:02 GMT, Brent crude was down 18 …
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18 August 2020 1:46 pm
European Shares Drop Amid US-Chinese Tensions and Covid-19 Cases
European stocks fell on Tuesday, August 18, as investors feared the escalation of US-Chinese tensions and the return of Coronavirus cases, which affected shares of companies sensitive to the economic cycle. The European Stoxx600 index fell 0.5% at 07:13 GMT, as banking, energy, insurance and auto stocks fell between 0.8 …
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18 August 2020 1:32 pm
Nikkei Drops And Political Uncertainty Discourages Risk
The Nikkei benchmark closed lower on Tuesday, August 18th, pulling away from the six-month peak it touched last week, as global political uncertainty led to risk aversion among investors. Nikkei lost 0.2% to 23,051.08 points, away from Friday’s 23,338 peak, the highest level since late February. The broader TOPIX index …
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18 August 2020 1:19 pm
Gold Futures: Room For Extra Upside
Traders increased their open interest positions in Gold futures markets by almost 3.5K contracts at the beginning of the week, according to flash data from CME Group. Volume, in the same line, reversed three consecutive pullbacks and went up by around 57.4K contracts. Gold now targets the 2020 topsPrices of …
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18 August 2020 12:30 pm
Russia’s Novak Tests Coronavirus Positive
Ahead of the OPEC and its allies (OPEC+) JMMC meeting scheduled on Wednesday, Russian Energy Minister Alexander Novak was tested positive for coronavirus. However, the Russian media suggested that the minister will participate in the OPEC+ meeting online, via a video link.
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18 August 2020 12:27 pm
Natural Gas Futures: Extra Pullbacks Appear Shallow
CME Group’s advanced prints for Natural Gas futures markets saw open interest shrinking by around 6.3K contracts at the beginning of the week after two builds in a row. In addition, volume extended the erratic performance and went down by around 288.3K contracts. Natural Gas met resistance around $2.40/MMBtuPrices of …
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18 August 2020 11:19 am
The Dollar is Falling Amid Anticipation of US Political And Economic Developments
The dollar fell while commodity currencies rose Monday (August 17th) as investors welcomed the delay in reviewing the US-China trade agreement without compromising it. Early transactions in London witnessed limited movements in light of a state of caution following weak data and uncertainty at the beginning of a week that …
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18 August 2020 2:08 am
Daily Recap: Monday, August 17, 2020
In the first day of the week, the dollar maintained its losses, while gold continued its rally and made its biggest daily gains since April. Meanwhile, oil finished the session higher after fluctuating amid uncertainty regarding demand outlook, while the bitcoin rose to its highest level since July 2019. Forex: …
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18 August 2020 1:37 am
Oil Recovers from Earlier Losses and Finishes Higher
Oil prices closed higher on Monday, after showing a mixed performance due to geopolitical risks and rising concerns about demand recovery. The Brent crude futures for October delivery increased by 1.3% or 57 cents and settled at $45.37 per barrel. Meanwhile, the West Texas Intermediate (WTI) crude futures for September …
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