Gold stabilized on Tuesday, August 25th, as the dollar’s decline led to offsetting the pressure caused by the rise of stocks, while investors were reluctant to form large positions before US Federal Reserve Chairman Jerome Powell’s speech this week. Gold settled at 1932.15 dollars an ounce by 05:12 GMT. Was …
Read More »Weekly market wrap: Jobs data and Fed at the centre of attention
The trading week ending July 29 was marked by significant market-moving events, most notably the Fed…
US Stocks Tumble as Weak Jobs Data and Trump’s Tariffs Rattle Markets
Wall Street closed the week on a sour note, with U.S. stocks sliding sharply on Friday, August 1, 20…
WTI Crude Oil Plunges 3% as Geopolitical Risks and Technical Barriers Collide
West Texas Intermediate (WTI) Crude Oil experienced a sharp 3.03% drop on Thursday, August 1, 2025, …
EUR/USD Soars: US Jobs Shock Sparks Fed Rate Cut Frenzy
The EUR/USD pair staged a dramatic rally on Friday, August 1, 2025, surging over 1% from a low of 1.…
Oil Giants ExxonMobil and Chevron Face Profit Plunge as Crude Prices Tank
Energy titans ExxonMobil and Chevron reported significant profit declines for the second quarter, dr…
Trump Slaps Tariffs on 69 Nations as Trade Talks Falter
In a bold move that has sent ripples through global markets, U.S. President Donald Trump has imposed…
USD/JPY Dips Below 150 as Weak US Jobs Data Fuels Fed Rate Cut Speculation
On Friday, August 1, 2025, the USD/JPY currency pair fell below the key 150.00 level after a weaker-…
Gold Prices Hover Near $3,300 Amid US Dollar Strength and Tariff Tensions
Gold prices are clinging to the $3,300 mark as investors brace for the highly anticipated US Nonfarm…
EUR/GBP Soars 100 Pips: US Jobs Woes and UK Economic Gloom Fuel Rally
The EUR/GBP currency pair staged a dramatic rally on Friday, surging 100 pips from its weekly low of…
US NFP Rises by 73,000 in July, Falling Short of 110,000 Forecast
Job growth in the United States moderated in July, with nonfarm payrolls increasing by 73,000, accor…
Market Analysis
August, 2020
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25 August 2020 12:48 pm
US and Chinese Negotiators Agree to Work for Trade Agreement
US and Chinese trade negotiators made a phone call about implementing the first-phase agreement between the two countries, and the two countries announced at the end of the talks that they had agreed to work for the success of the trade agreement. It is noteworthy that the two countries reached …
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25 August 2020 12:20 pm
Crude Oil Futures Higher During Asian Session
According to the New York Mercantile Exchange, crude oil futures for October were traded at $42.56 a barrel, up 0.14%. It was previously traded higher at $42.60 a barrel. Crude oil may find support at $41.46 and resistance at $42.96. The dollar index, which measures the performance of the greenback …
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25 August 2020 11:44 am
Gold Futures Declined During Asian Session
According to the COMEX, gold futures were traded in December at $ 1943.30 per ounce, up 0.21%. It previously traded at a session high $ 1943.95 an ounce. Gold may find points of support at $ 1916.60 and resistance at $ 1970.30. The dollar index, which measures the performance of …
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25 August 2020 11:11 am
82% of US Oil Production Stopped Due to Storms
Data released by the US Environmental Safety and Protection Bureau on Monday showed that oil and gas producers stopped 1.5 million barrels of oil production in the US coast in the Gulf of Mexico, or about 82% of total production, ahead of two consecutive storms this week. Producers have also …
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25 August 2020 10:41 am
Coronavirus Update
The number of confirmed coronavirus cases rose to 234,852 with a total of 9,277 deaths, as reported by the German disease and epidemic control center, Robert Koch Institute (RKI), on Tuesday. Cases increased by 1,278 in Germany on Tuesday versus Monday’s +711. The death count rose by 5, the tally …
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25 August 2020 10:40 am
FX Option Expiries For Aug 25 NY Cut
FX option expiries for Aug 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1650 722m1.1800 608m1.1850 1.1bn1.1900 529m – GBP/USD: GBP amounts 1.3000 315m – USD/JPY: USD amounts 105.00 740m105.25 1.4bn
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25 August 2020 1:05 am
Wall Street Stocks Break New Records
The New York Stock Exchange (NYSE) finished Monday in green, with market indices closing Monday on big gains, supported by positive news about COVID-19 treatments and vaccines. The Dow Jones Industrial Average closed higher by 1.4% at 28,308. S&P 500 gained 1% and reached its 16th record closing level in …
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25 August 2020 1:01 am
Oil Prices Close Higher on Output Halts
Crude oil prices settled higher on Monday, after weather conditions in the Gulf of Mexico limited output volumes of oil and natural gas. Brent crude futures for October delivery rose by 78 cents and finished at $45.13 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures closed higher by 28 …
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25 August 2020 12:07 am
DXY to Finish on Marginal Gains
The Dollar Index (DXY) that measures that performance of the US Dollar (USD) against a basket of six major currencies. The DXY is up by 0.08% for the day at 93.33, after closing last week at 93.25. The index’s daily range has been between 92.84 and 93.34. In the absence …
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24 August 2020 11:53 pm
Gold Drops to Lowest Level in Month
Gold prices dropped on Monday to their lowest level in about a month, with a decreased demand for safe havens and a rise in risk appetite amid positive news on COVID-19 vaccine and treatment. The yellow metal futures for December delivery fell by $7.80, or 0.4%, and finished at $1,939.20 …
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24 August 2020 9:58 pm
EUR/GBP Rising Above 0.90
The Euro (EUR) is trading higher against the British Pound (GBP) on Monday. The EUR/GBP is up by 0.23% for the day, trading at 0.90311. Recent market forecasts expect the pair to maintain the 0.90 range until a trade deal between the United Kingdom (UK) and the European Union (EU) …
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24 August 2020 9:49 pm
European Stocks Closes on Large Gains
European stocks closed higher on Monday, opening the week with its best performance in nearly two weeks. The STOXX Europe 600 index finished higher by 1.6%, with the majority of the market sectors closing on gains, due to improved investors’ sentiment with positive news about COVID-19 vaccine and cures. The …
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