The dollar fell to its lowest level in the month of Wednesday after US President Donald Trump raised hopes for a major fiscal stimulus package, sparking a wave of optimism in the market that saw traders turn to bet on higher-risk currencies. Negotiations between US lawmakers have continued in Washington …
Read More »Beyond Washington: Are Global Policymakers Now Driving Trading Portfolios?
The new trading week has opened with global markets locked in a state of unsettling indecision, char…
U.S. Stocks Surge as Earnings Optimism, Easing Bank Worries Fuel Risk Appetite
U.S. stocks closed sharply higher on Monday, October 20, 2025, driven by a broad-based rally fueled …
Gold’s Ascent: A $4,300+ Bet Against the Dollar and Global Stability?
Gold is on a meteoric rise, currently trading at a record high of $4,366.415 per ounce (XAU/USD), dr…
As Global Growth Stumbles, IMF: Time to Ditch the Policy Playbook That’s Failing Us
The latest World Economic Outlook paints a grim picture of a global economy in flux, with growth pro…
Will the Euro Crack Under Trade Hopes and Structural Woes?
Trade tensions between the US and China have long cast a shadow over global markets, but recent glim…
Explainer: Why Australia Considers Rare Earth Standoff As A Chance
China’s recent escalation in rare earth export controls has sent shockwaves through global mar…
Trump Tightens His Grip: Inside the President’s Plan to Reshape the Federal Reserve
US President Donald Trump, now well into his second term after returning to the White House in Janua…
Gold Edges Higher as Softer U.S.–China Tone Offsets Profit-Taking; Silver Near Records
Gold rebounded on Monday, reclaiming part of last week’s pullback as traders digested more conciliat…
U.S. Futures Edge Higher on Hopes for China Talks; Big Tech Earnings, Inflation Data in Focus
U.S. stock index futures rose Monday as signs of renewed U.S.–China dialogue buoyed risk sentiment a…
Market Analysis
October, 2020
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21 October 2020 2:57 pm
Oil Prices Fall by More Than 1% and US Stocks Are Fueling Fears of a Supply Glut
Oil prices fell on Wednesday after a sudden increase in US crude stocks stoked fears of a global supply glut, and the rise in COVID-19 cases exacerbated concerns about a slow recovery in fuel demand. Brent crude futures for December delivery were at 42.70 dollars a barrel, down 46 cents, …
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21 October 2020 2:28 pm
European Stocks Dropping Due to The Fall in Healthcare And Real Estate Sectors
European stocks fell on Wednesday, weighing the defensive losses in front of optimism about encouraging quarterly results for consumer giants Nestlé and Ericsson for telecommunications equipment. The pan-European STOXX 600 index fell 0.3%, and the healthcare and real estate sectors fell more than 0.5% each. But stocks that are heavily …
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21 October 2020 1:31 pm
Turkish Lira at Highest Level in Two Weeks Before The Central Bank’s Decision
The Turkish lira rose to stand at less than 7.85 against the dollar on Wednesday, the highest level since the seventh of October, as investors awaited the central bank meeting this week to set the interest rate. The currency has weakened in recent weeks due to geopolitical tensions, including the …
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21 October 2020 1:28 pm
Japanese Stocks Rise on Optimism About US Stimulus
Japanese stocks rose at the close on Wednesday, due to optimism about the possibility of US lawmakers reaching an agreement on a stimulus package ahead of the presidential election, which boosted the world’s riskier assets. The Nikkei index rose 0.31% to close at 23,639.46 points, recouping some of the losses …
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21 October 2020 12:17 pm
Gold Gained With Renewed Hopes of US Stimulus And Weakness of US Dollar
Gold rose on Wednesday, thanks to optimism about the possibility of US lawmakers reaching an agreement on an aid package for those affected by Corona before the presidential elections, which weakened the dollar and strengthened the lure of the yellow metal as a hedge against inflation. Gold rose in the …
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21 October 2020 11:46 am
API: Sudden Increase in Oil Inventories
Data from the American Petroleum Institute showed, Tuesday, that crude oil inventories in the United States recorded an unexpected increase last week, while gasoline and distillate inventories declined. Crude inventories increased 584 thousand barrels in the week ending October 16, to reach about 490.6 million barrels, while analysts’ expectations indicated …
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21 October 2020 1:11 am
Wall Street Rises on Stimulus Hopes
Wall Street rose on Tuesday, supported by recent remarks by the President of the United States, Donald Trump, and the Speaker of the House of Representatives, Nancy Pelosi, suggested that there could be a new stimulus package before the upcoming elections. The Dow Jones Industrial Average gained 113.37 points, or …
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21 October 2020 12:48 am
Oil Closes Higher for First Time in Four Days
Oil prices rose on Tuesday, after recording earlier losses, to record its first rise after three consecutive declines. Brent crude futures for December delivery settled higher by 54 cents, or 1.3%, at $43.16 per barrel. Meanwhile, the US West Texas Intermediate (WTI) crude futures for December delivery gained 64 cents, …
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21 October 2020 12:33 am
Fed’s Evans Sees Unemployment at 5.5% by End of Next Year
The President of the Federal Reserve Bank of Chicago, Charles Evans, said on Tuesday that a new wave of COVID-19 might not affect the United States economy as previously estimated. Evans expects unemployment rate in the US will reach 5.5% by the end of 2021, Reuters reported. “I sort of …
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21 October 2020 12:29 am
Copper Settles at Highest Level in Two Years
Copper prices rose on Tuesday to a record high, supported by increased Chinese demand. Copper futures for December delivery went up by 6 cents, or 2%, and settled at $3.148 a pound. This is the highest closing level for copper futures since June 2018.
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21 October 2020 12:25 am
Gold Settles Higher for Second Day in Row
Gold prices rose on Tuesday for the second consecutive session, supported by the decline of the US Dollar (USD) across the board. Gold futures for December delivery closed higher by $3.70, or 0.2%, at $1,915.40 per ounce.
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20 October 2020 10:58 pm
Sweden Bans Chinese 5G Network Providers
Sweden has banned telecommunication equipment from Huawei and ZTE in its 5G network, Reuters reported. The move comes in line with similar measurements by other European countries on security concerns. Back in July, the United Kingdom decided that all Chinese components in its 5G network will be removed by 2027.
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