European stocks stabilized ahead of data on corporate activities that may shed light on the pace of economic recovery in the continent, while the rise in the pound sterling pushed the British FTSE 100 index to decline. The Stoxx 600 index of European stocks rose 0.1%, as it is still …
Read More »Euro Declines Amid US Economic Strength
The euro has experienced downward pressure since the start of trading on Thursday, July 10, 2025, dr…
GlobalFoundries’ MIPS Acquisition Reshapes Semiconductor Industry
A Strategic Leap GlobalFoundries’ acquisition of MIPS marks a bold step in the semiconductor industr…
Trump’s Tariff Threats Weigh on Japanese Yen
Yen Faces Downward Pressure: The Japanese yen has faced significant pressure since the release of Ja…
U.S. Stocks Climb on Economic Optimism, Fed Signals,
Strong Labor Market Fuels Market Confidence U.S. stock markets have shown resilience, climbing stead…
Federal Reserve Signals Rate Cuts Amid Economic Stability
Robust Economy Fuels Policy OptimismRecent economic indicators point to a resilient U.S. economy, wi…
Gold Prices Surge Amid Escalating US Trade Policies
Rising Trade Disputes Drive Gold Prices: Gold prices have been climbing steadily since the start of …
Bitcoin Retesting $112,000 As Sharp Surge Sparks Optimism
Bitcoin’s price surged 2.8% on July 9, 2025, marking its largest single-day gain in six days and bre…
US Dollar Surges as Trump’s Tariff Threats and Robust Jobs Data Fuel Market Confidence
The US Dollar is riding a wave of renewed strength, climbing above 97.50 on the US Dollar Index (DXY…
Tariffs and Inflation: Fed’s Musalem Signals Caution Amid Economic Strength
The U.S. economy is riding a wave of resilience, but storm clouds may be gathering on the horizon, a…
U.S. Stock Futures Dip Amid Tariff Concerns and Corporate News
U.S. stock index futures edged lower on Thursday, retreating slightly from the prior session’s stron…
Market Analysis
August, 2020
-
21 August 2020 1:13 pm
German Preliminary Manufacturing PMI Comes in at 53 in August
According to the preliminary manufacturing activity report from IHS/Markit research, released this Friday, the German manufacturing sector improved further in August. In fact, the German manufacturing purchasing managers index (PMI) arrived at 53.0 in August versus 52.5 expected and 51.0 previous, 30-month highs. Meanwhile, Services PMI fell to a two-month …
Read More » -
21 August 2020 11:45 am
Coronavirus Update
Although figures from Australia renewed hopes that the coronavirus (COVID-19) is abating in its wave 2.0, data from Wellington and Beijing portray a mixed picture. New Zealand’s new cases rise from 5 to 11, which in turn pushed Prime Minister Jacinda Ardern to postpone lockdown related announcement to Monday. On …
Read More » -
21 August 2020 11:42 am
Natural Gas Futures: Downside Seen Limited
In light of flash data for Natural Gas futures markets from CME Group, open interest shrunk for the second consecutive session on Thursday, this time by almost 7.4K contracts. Volume, instead, extended the erratic performance and went up by more than 132K contracts.
Read More » -
21 August 2020 11:41 am
The Nikkie Index Up 0.62% in Early Trading
The Nikkie benchmark index rose in early trading on the Tokyo Stock Exchange on Friday, August 21st. Nikkie increased 0.62% to 2,3022.76 points, while the broader TOPIX index rose 0.61% to 1,608.91 points.
Read More » -
21 August 2020 10:48 am
PBOC Sets Yuan Reference Rate at 6.9107
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.9107 versus Thursday’s fix at 6.9274.
Read More » -
21 August 2020 10:47 am
Crude Oil Futures: Neutral/Bullish near-term
In light of preliminary prints for Crude Oil futures markets from CME Group, open interest and volume went up by nearly 4.7K contracts and by around 103.5K contracts, respectively, on Thursday.Prices of the WTI keep the broad-based side-lined theme unchanged for the time being, Thursday’s bounce of daily lows was …
Read More » -
21 August 2020 10:46 am
Gold Futures: Further Upside Likely
CME Group’s advanced figures for Gold futures markets noted traders increased their open interest for the second session in a row, this time by just 418 contracts. Volume, on the other hand, reversed three consecutive daily builds and went down by around 64.2K contracts.
Read More » -
21 August 2020 1:16 am
Wall Street Closes in Green with Nasdaq at All-Time High
The New York Stock Exchange (NYSE) closed higher on Thursday, with more investors moving towards the stock market amid a decline in the US Treasury yields. The Dow Jones Industrial Average gained 46.85 points, or 0.17%, and finished at 27,739.73 points. The S&P 500 index rose by 10.66 points or …
Read More » -
21 August 2020 12:10 am
Oil Settles Lower on Recovery Worries
Oil prices decreased on Thursday, on renewed concerns regarding economic recovery from the COVID-19 crisis, after the US Federal Reserve expected the pandemic to weigh heavily on the economy and the increase in jobless claims in the US last week. Brent crude futures for October delivery settled lower by 47 …
Read More » -
20 August 2020 11:19 pm
Gold Falls Below $1,950 an Ounce
Gold prices declined on Thursday, after the most recent meeting minutes by the United States Federal Reserve hinted at potentially further easing in monetary policy. The yellow metal’s decline comes despite the Dollar index (DXY) returning to the downward trend, on the back of an increase in jobless claims in …
Read More » -
20 August 2020 11:09 pm
Banks in South Africa Provide $31 B COVID-19 Loan Relief
Banks in South Africa have provided loan reliefs worth ZAR 537 billion ($31 billion) since the beginning of the coronavirus (COVID-19) crisis, according to the South African Ministry of Finance, Reuters reported. An increase in bad loans and impairment charges is negatively impacting the South African banking sector and the …
Read More » -
20 August 2020 10:53 pm
GBP/USD Above 1.32
The British Pound (GBP) is rising against the US Dollar (USD), on the back of the latter’s decline. A surge in inflation in the UK and anticipation for a trade deal between London and the European Union (EU) are providing support for the GBP, while an increase in jobless claims …
Read More »