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 …
Read More »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…
Oil Prices Decline as Tariff Concerns and U.S. Trade Policy Weigh on Global Economic Outlook
Oil prices experienced moderate declines on Thursday as traders grappled with the potential impact o…
Bitcoin Hits Record High Amid Institutional Demand but Faces Profit-Taking and Trade Concerns
Bitcoin rose on Thursday, though it hovered below its record high of nearly $112,000 that was briefl…
European Stocks Edge Higher Despite New U.S. Tariff Announcements
European stocks edged higher on Thursday, showing resilience despite the latest round of trade tarif…
Asian Stocks Edge Higher Despite U.S. Tariff Concerns, South Korea Leads Gains
Asian stock markets mostly advanced on Thursday, with technology shares leading the way after gains …
Gold Prices Edge Up as Copper Prices Rally Amid U.S. Tariff News
Gold prices saw modest gains on Thursday, remaining within a recently established trading range, whi…
Market Drivers – US Session: Focus Shifts Back to US Jobs Data
On Wednesday, the US Dollar edged slightly higher, continuing its rebound from last week’s mul…
Stock Markets Defy Tariff Jitters as Nvidia Soars and Fed Eyes Rate Cut
US stock markets climbed on July 9, 2025, despite President Donald Trump’s new tariff announcements …
Trump’s Tariff Threat Sparks Copper Price Boom
US copper prices hit an all-time high of $5.73773 per pound following President Trump’s announcement…
FOMC Minutes: Fed Poised for Rate Cut as Tariffs Loom
The Federal Open Market Committee’s June 2025 minutes reveal a consensus among most Federal Reserve …
Market Analysis
August, 2020
-
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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 …
Read More » -
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.
Read More » -
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 …
Read More » -
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 …
Read More » -
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: …
Read More » -
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 …
Read More » -
18 August 2020 1:32 am
Trump Vows to Create 10 M New Jobs
The President of the United States, Donald Trump, has pledged on Monday to create 10 million jobs in 10 months, Reuters reported. “We will create tax credits for companies that bring jobs form China back to America,” Trump said during a campaign event.
Read More » -
18 August 2020 1:06 am
NYSE Mixed at Monday’s Close
The New York Stock Exchange (NYSE) closed Monday mixed as the Dow Jones finished in losses, while the S&P closed in green, nearing its highest level ever, which was already achieved by the Nasdaq that broke yet another record by the end of today’s session. The Dow Jones Industrial Average …
Read More » -
18 August 2020 12:05 am
DXY Keeps the Downward Trend
The U.S. Dollar (USD) is maintaining its losses on Monday, as the Dollar index (DXY), which measures the performance of the USD against a basket of six major currencies, is close to finishing down by 0.30% at 92.81. The USD biggest losses are against the Australian Dollar (AUD) with 0.55%, …
Read More »