The British Pound (GBP) is showing a negative performance on Monday, however, it was able to cut its losses in half showing some recovery signs amid anticipation for what could be the latest round of trade talks between the United Kingdom (UK) and the European Union (EU) about the post-Brexit …
Read More »Weekly Recap: Markets Ignore Geopolitical Noise as Fundamental Economic Factors Take Center Stage
Global markets have demonstrated remarkable resilience in the face of a barrage of sensational geopo…
Trump’s Return to Davos Puts Global Economy and Trade Order Under the Spotlight
The annual World Economic Forum in Davos is set to unfold against a backdrop of heightened economic …
Gold Pauses After Record Run as Markets Lock in Profits
Gold prices eased slightly at the end of the trading session, closing near $4,596 per ounce, as inve…
Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market
Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering geo…
Trump’s Reluctance Shakes Up the Fed Chair Race
President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve …
Inflation Takes Center Stage as Markets Brace for a Crucial Week Ahead
The US dollar struggled to find clear direction over the past week, caught between geopolitical tens…
Markets Edge Lower as Bank Earnings Raise Caution Ahead of a Pivotal Week
U.S. equity futures traded tentatively ahead of the opening bell, reflecting investor unease as fres…
Yen Gains on Intervention Fears While Dollar Holds Strong
The Japanese yen strengthened on Friday, with USD/JPY slipping to 158.02, down 0.35%, as markets rea…
Dollar Set for Third Weekly Gain as Strong U.S. Data Pushes Back Rate Cut Expectations
The U.S. dollar edged slightly lower on Friday, but remained on track for another weekly gain as str…
Bitcoin Slips After U.S. Lawmakers Delay Crypto Regulation Bill
Bitcoin edged lower in Asian trading on Friday, trimming part of this week’s rebound after U.S. lawm…
Market Analysis
December, 2020
-
7 December 2020 11:15 pm
Gold Closes Higher as USD Declines
Gold prices rose on Monday, opening the week with a positive performance as the US Dollar (USD) declined near its lowest level since 2018. The rise of the yellow metal also comes amid renewed hopes for a new government stimulus package in the United States. Gold futures for February delivery …
Read More » -
7 December 2020 9:33 pm
European Stocks Close Lower Awaiting Brexit Talks
European stocks opened the week with a negative performance, amid anticipation for the outcome of the Brexit trade talks. The STOXX Europe 600 index finished lower by 0.3%. Meanwhile, the UK’s FTSE100 rose marginally by 0.08%. The French index CAC40 leveled down by 0.64%, while the German index closed lower …
Read More » -
7 December 2020 7:15 pm
Nasdaq Hits New All-Time High
The New York Stock Exchange (NYSE) opened the week on a mixed note, as the Nasdaq Composite index continued its positive performance and hit a new record high during Monday early trading. This comes amid renewed hopes for a new government stimulus package, as well as positive news about Coronavirus …
Read More » -
7 December 2020 6:23 pm
US Dollar Near Its Lowest Level Since 2018
The US dollar index settled near its lowest level in two and a half years during trading on Monday after weak US jobs data. while the British pound fell as Britain and the European Union made a final attempt to reach a trade deal. In the US, jobs data on …
Read More » -
7 December 2020 5:48 pm
UK PM Johnson’s spokesman: There Will be No Negotiations in 2021
British Prime Minister Boris Johnson’s spokesman told reporters on Monday that the UK is prepared to negotiate for as long as there is time and if they think a deal is possible, as reported by Reuters. “We will not extend the transition period, there will be no negotiations in 2021.” …
Read More » -
7 December 2020 4:41 pm
EU’s Barnier: Negotiations to Continue Until Wednesday But no Further
The European Union’s chief Brexit negotiator, Michel Barnier, has told the members of European Parliament that negotiations on a post-Brexit deal could continue until Wednesday but no further, RTE Europe Editor Tonny Connelly said on Monday.
Read More » -
7 December 2020 3:43 pm
Hopes For a Vaccine Raise Investor Sentiment
A survey reported that investor sentiment in the Eurozone rose more than expected in December, reaching its highest level since February, supporting expectations for an economic recovery thanks to the near availability of vaccines. Sentex Eurozone index rose to -2.7 from -10.0 in November. A Reuters poll had forecast a …
Read More » -
7 December 2020 2:53 pm
UK: The Largest Annual Increase in UK Home Prices Since 2016
The monthly figures from Halifax Mortgage Lender showed UK home prices last month recorded their biggest annual increase since June 2016. Halifax said house prices increased 1.2% in November, and have risen 6.5% over the last five months, the largest increase since 2004.
Read More » -
7 December 2020 2:16 pm
US Dollar Index Continues Moving Towards Its Two And a Half Year Low
The US dollar index on Monday, December 7, remained near a two-and-a-half-year low it reached on Friday, as weak US job data boosted expectations for economic aid, while the British pound fell as Britain and the European Union embark on a final attempt to strike a trade deal. Fears are …
Read More » -
7 December 2020 1:27 pm
Gold Rising as US Stimulus Tilts Over Vaccine Hopes
Gold prices rose slightly on Monday, December 7, as weak US job data supported hopes for more fiscal stimulus, although optimism about the deployment of vaccines to prevent the Coronavirus curbed the gains. The spot price of gold rose 0.2% to $ 1841.93 an ounce by 05:54 GMT, while US …
Read More » -
7 December 2020 1:00 pm
China Posted Its Largest Trade Surplus in 30 Years
China’s exports jumped by 21.1% last November, the largest increase in two years, while imports rose 4.5% for the same period. This resulted in a trade surplus of $ 75.4 billion, and this surplus is the largest in 30 years. China’s trade balance with the United States reached a new …
Read More » -
7 December 2020 12:58 pm
Oil Falling From Its Highest Level in Months Due to Covid-19 Measures
Oil prices fell on Monday, December 7, from their highest levels in months, with the continuing increase in infections with the Coronavirus globally and renewed closure measures, the latest of which included the imposition of strict restrictions in southern California in the United States, the largest consumer of crude in …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations