Despite the Brexit, London is expected to maintain a big role in the European financial market, Reuters reported. It was expected that many company will leave the UK capital, thus, affecting the place of London as a global financial hub. However, it now seems that Frankfurt will not be making …
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
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19 August 2020 11:35 pm
US Crude Inventories Falls by 1.6 M Barrels in Week
Crude oil inventories in the United States decreased last week, according to data by the U.S. Energy Information Administration (EIA) on Wednesday. A decline of 1.6 million barrels was seen in oil stockpiles last week to a total of 512.5 million barrels. Although the decline was less than expected, it …
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19 August 2020 11:29 pm
Banks Lead Gains in European Stock Markets
European Stocks closed higher on Wednesday, as banking shares achieved high gains, boosted by some positive earnings reports and the record-breaking rises in Wall Street. Stoxx Europe 600 added 0.60%, while FTSE100 rose by 0.58%. CAC40 settled higher by 0.79%, and DAX finished on a 0.74% increase.
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19 August 2020 10:38 pm
Fed: COVID Will Weigh Heavily on Economic Activity
The Board of Governors of the US Federal Reserve has unanimously voted to maintain interest rates during the Federal Open Market Committee (FOMC) meeting on July 29. The meeting also authorized the Fed to undertake open market operations as necessary to maintain the federal funds rate in a target range …
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19 August 2020 8:51 pm
Dollar Rises Ahead of FOMC Meeting Minutes
The US Dollar (USD) is reversing its recent losses and showing a positive performance on Wednesday, ahead of the release of the Federal Reserve meeting minutes later today. The Dollar index (DXY), which measures the USD performance against a basket of six major currencies, is up by around 0.50% at …
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19 August 2020 7:16 pm
Canada’s Wholesale Sales Expand in June
Wholesale sales in Canada increased on a monthly basis during June, beating market expectations and restoring its level prior to the COVID-19 crisis. Seasonally adjusted data showed on Wednesday that Canadian wholesale sales grew by 18.5% in June, according to Statistics Canada. On an annual basis, wholesale transactions decreased by …
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19 August 2020 6:46 pm
Canada’s CPI Rises 0.1% in July
The Consumer Price Index (CPI) in Canada slowed during July, rising by 0.1% on an annual basis, data showed on Wednesday. The lower gasoline and air travel prices helped reduce the inflation rate last month. The inflation rate remains well below the central bank’s target.
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19 August 2020 6:41 pm
OPEC+ JMMC Meeting is Scheduled Today, WTI Waiting for Data
Today, Joint Ministerial Monitoring Committee (JMMC) meeting will likely be all about reviewing the bloc’s commitment to oil production curbs and assessing the compliance over the past two months. According to Reuters, July’s compliance of OPEC+ with oil output cuts was expected to reach 97%, down from 107% in June. …
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19 August 2020 5:48 pm
Japan’s Nikkei Index Rises After Gains in US Technology
The Nikkei benchmark index made slight gains at the close on the Tokyo Stock Exchange on Wednesday, with some tech stocks surging after the gains of US giants, with the S&P 500 index climbing to a record high last night. The Nikkei Index is very close to a three-decade high …
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19 August 2020 5:03 pm
European Stocks Weaken After Wall Street Rally
European stocks fell on Wednesday, August 18, and were unable to gain strength from a record rise in S&P 500 index, as investors feared an increase in coronavirus cases would impede the emerging economic recovery in Eurozone. The European Stoxx600 index fell 0.1% by 07:15 GMT, with the mining, oil …
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19 August 2020 3:20 pm
British Health Minister: Most Cases of Corona Occurred in Homes
British Health Minister Matt Hancock said Britain would likely not follow the example of France in requiring people to wear masks in the workplace because its screening and monitoring program shows that most people with Covid-19 disease have been infected at home. “We are not studying to do that at …
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19 August 2020 2:18 pm
Eurozone Current Account Surplus Jumps in June
Data from the European Central Bank showed that the revised surplus of the current account balance in the euro zone, which includes 19 countries, increased to 20.69 billion euros in June from 11.27 billion euros in May, as the trade surplus increased. In the twelve months to June, the bloc’s …
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19 August 2020 1:49 pm
Oil Declining as Demand Concerns Outweigh decline in US Inventories
Oil prices fell on Wednesday, August 19, due to fears that fuel demand in the United States may not recover as quickly as expected in light of the faltering talks on a stimulus package for the economy, overshadowing an exceeded expectations decline in US crude stocks. With investors keeping their …
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