Gold prices maintained an upward trend for the fourth consecutive session on Wednesday, closing at a new record high for the second day in a row. The yellow metal has been soaring above the $1,800-mark since Tuesday. Gold futures for August delivery settled higher by $10.70, or 0.6%, at $1,820.60 …
Read More »U.S. Inflation Slows Slightly in May, Misses Expectations and Pressures Dollar
Inflation in the United States, as measured by the Consumer Price Index (CPI), rose to 2.4% year-ove…
Wall Street Futures Edge Lower as Investors Await Key U.S. CPI Report and Scrutinize U.S.-China Trade Framework
U.S. stock index futures edged slightly lower early Wednesday, as investor enthusiasm over a newly p…
Bitcoin Holds Steady as Markets Await Details on U.S.-China Trade Framework and U.S. CPI Data
Bitcoin traded largely flat on Wednesday, pausing after Tuesday’s sharp gains as traders diges…
European Stocks Trade Flat as Markets Eye U.S. CPI, U.K. Spending Review, and China Trade Talks
European stock markets opened Wednesday in narrow ranges as investors absorbed the implications of t…
Gold Rises as Trump Tariff Ruling Offsets China Trade Optimism; CPI Data Eyed
Gold prices edged higher in Asian trading on Wednesday, buoyed by safe-haven demand after a U.S. cou…
Energy Market Story: Crude Retreats as Profit-Taking Caps Trade-Driven Surge
The energy market on Tuesday, June 10, 2025, saw West Texas Intermediate (WTI) crude oil surge to a …
Market Drivers: Could CPI Data Shift Fed’s Potential Easing Path in September?
The US Dollar edged higher on Tuesday, rebounding from a weak start to the week, buoyed by cautious …
USD/JPY Treads Water as Trade Talks and CPI Data Loom
The USD/JPY pair, up 0.25% at 144.95, clings to support above 144.90 as markets grapple with US-Chin…
Liquidity Crunch: Traders Face a Shifting Market in June 2025
Markets in June 2025 face a liquidity squeeze that’s reshaping how traders operate. U.S. Treasury yi…
Dollar Climbs and US Stocks Ride Risk-On Wave on Trade Talk Optimism
The US Dollar Index, tracking the currency against six major peers, rose 0.13% to 99.07 from 98.94, …
Market Analysis
July, 2020
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8 July 2020 9:46 pm
European Stocks in Losses amid COVID-19 Worries
European stocks closed lower on Wednesday with the rising cases of COVID-19 raising concerns about the reopening of business worldwide and the highly anticipated global economic recovery. The pan-continental STOXX Europe 600 index settled down by 0.67% at 366.48 points. In the London Stock Exchange (LSE), the FTSE100 index closed …
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8 July 2020 9:35 pm
Singh: Fed Must Stay Vigilant
Emergency lending provided by the US Federal Reserve has helped stabilize the market amid the COVID-19 crisis, said Daleep Singh, the Head of the Markets Group at the New York Federal Reserve. Singh noted that the Fed must stay vigilant and be prepared to adjust its approach if necessary as …
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8 July 2020 8:38 pm
Merkel: EU Must Be Prepared for a No-Deal Brexit
Germany is committed to reaching a new partnership agreement between the European Union (EU) and the United Kingdom (UK), but the EU should prepare for a no-deal Brexit, German Chancellor Angela Merkel told the European Union on Wednesday. The two sides are negotiating to reach a trade and cooperation deal …
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8 July 2020 8:15 pm
Merkel Calls for More Unity within EU
German Chancellor Angela Merkel has called for more unity among members of the European Union (EU) in her speech to the European Parliament in Brussels on Wednesday, Reuters reported. The speech came as Germany began a six-month presidency of the European bloc that began on 1 July. Speaking about the …
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8 July 2020 7:28 pm
EIA: US Oil Inventories up 5.7 M Barrels
Crude oil inventories in the United States increased by 5.7 million barrels last week, data by the US Energy Information Administration (EIA) showed on Wednesday. This comes after a decrease of 7.2 million barrels in the previous week, and against expectations of another decline. WTI futures are currently trading at …
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8 July 2020 6:42 pm
IMF Calls for Post COVID-19 Fiscal Reform
The International Monetary Fund (IMF) is warning against rising debt in both emerging and developed economies due to stimulus spending amid the COVID-19 crisis. The IMF is urging enhanced fiscal reform in many countries after the pandemic ends, said its Deputy Managing Director Mitsuhiro Furusawa on Wednesday, as cited by …
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8 July 2020 6:23 pm
Spain to Provide EUR 2bn for Transport Companies
The Spanish government plans EUR 1.8 billion ($2 billion) in aid to support transport companies amid the COVID-19 crisis, said the Minister of Transport, Jose Luis Abalos, as cited by Reuters. Renfewill receive EUR 1 billion, private transport companies will get EUR 673 million, while Seipsa is set to obtain …
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8 July 2020 6:05 pm
Sterling Settles Below Mid-1.2500s
Sterling saw both-way movements on Wednesday, but it appears that it has now settled in the neutral territory 1.2540-35. After an early rally to 1.2565-70 region, the pair experienced a slight decline during the European session and was affected by buying around USD. The increasing number of Covid-19 cases provided …
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8 July 2020 5:19 pm
EIA Revised its Forecasts for Oil Prices
The US Energy information administration revised its forecasts for oil prices this year and next year, as US crude is expected to rise 6.9% this year compared to last June’s forecast, to $ 37.55 a barrel. The administration also expected that the average American oil price will increase by 4.1% …
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8 July 2020 4:52 pm
ECB’s de Guindos: Optimism Sparked by Recent Data is Justified
European Central Bank (ECB) Vice President Luis de Guindos provided insights on euro zone growth and coronavirus economic impact on the block. Recent data justifies optimism over the euro area’s growth amid the coronavirus crisis. The euro zone economy is facing a deep recession, but banks across the euro area …
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8 July 2020 3:27 pm
UK to Announce More Stimulus
The UK government is expected to announce more fiscal stimulus measures, which include 3B pounds to improve energy efficiency in homes and commercial property, 1.5B to support industry, arts and entertainment, and 2B to support wages for the young. There were also reports that transaction tax on homes will be partially …
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8 July 2020 3:20 pm
US Stocks Are Set to Open Lower
US shares are set to open flat to lower after it halted a five-day winning streak yesterday, on the increase of Covid-19 cases that raises concerns about the economy and the future of growth By 10:30 GMT, S&P 500 Futures were down less than 0.1%, Dow Jones futures down 0.1% …
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