Gold prices, on Thursday, December 31, seem to be heading to achieve the best annual performance since 2010, even at a time when the yellow metal is under pressure due to the weak prospects of providing greater financial aid in order to stimulate the US economy and the recovery of …
Read More »Dollar Edges Higher as Oil Eases and Central Bank Decisions Loom
The U.S. dollar ticked slightly higher on Wednesday, supported by stabilizing oil prices and cautiou…
BOJ Set to Hold Rates as Inflation Outlook and Yen Weakness Signal Hawkish Tilt
The Bank of Japan is widely expected to keep interest rates unchanged at the conclusion of its March…
Bitcoin Holds Steady Below $75K as Fed Decision and Regulatory Signals Keep Traders Cautious
Bitcoin traded largely flat on Wednesday, consolidating after a recent rally, as investors turned ca…
Oil Pulls Back as Iraq Export Deal Eases Supply Fears Ahead of Fed Decision
Oil prices declined in Asian trading on Wednesday, retreating from recent highs after Iraq and Kurdi…
Gold Slips Below $5,000 as Fed Decision Looms and Inflation Fears Mount
Gold prices fell below key levels in Asian trading on Wednesday, as investors turned cautious ahead …
Strong Recovery Restores Confidence in Bitcoin and Ignites Investor Appetite
Bitcoin has surged to a month-and-a-half high, sparking renewed optimism across the crypto world. Th…
Markets Await Fed Decision Amid Rising Economic Uncertainty
Global financial markets are entering a tense waiting period as the Federal Reserve begins its two-d…
Gold Pauses at the $5,000 Threshold as Oil Shock Shifts Market Attention
Gold prices hovered near the psychological $5,000 per ounce mark on Tuesday, struggling to extend th…
Dollar Under Pressure as Global Tensions Rise, Markets Await Key Rate Decisions
The US dollar lost momentum for a second consecutive day as investors grew increasingly cautious ahe…
Explainer: Defense Giants, Oil Titans, and Metal Kings Surge as the Iran Conflict Reshapes the Market
When the conflict with Iran erupted on February 28, 2026, the shockwaves were felt far beyond the Mi…
Market Analysis
December, 2020
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31 December 2020 12:35 pm
Turkey’s Trade Deficit Rises to $5 Billion in November
Data from the Turkish Statistics Institute showed that the country’s external trade deficit rose 153.5% year on year in November to $5.033 billion according to the general trade system. The institute said that Turkey’s exports fell 0.9% and imports rose 15.9% compared to November 2019. In the first eleven months …
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31 December 2020 12:34 pm
Asian Shares Mixed as Turbulent Year Ends
Asian stocks swung between gains and losses during the early hours of the last trading day of 2020. While Chinese stocks benefit from improved Manfuctring activity numbers in December and coronavirus vaccine news. The MSCI Asia Pacific Index of stocks outside Japan rose 0.43%. The Australian ASX 200 is down …
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31 December 2020 12:24 pm
Gasoline Prices in The US Hit a 9-month High as Refiners Continue to Cut Production
Gasoline prices in the United States hit a nine-month high, as drivers take to the roads in the holiday season, crude oil prices continue to rise and refiners continue to reduce fuel production due to weak profit margins. According to the American Automobile Federation, gasoline prices at gas stations exceeded …
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31 December 2020 12:21 pm
Chinese Manufacturing PMI Fell to 51.9 in December
The manufacturing PMI fell to 51.9 in December from 52.1 last November. The Chinese economy is expected to expand about 2% for the full year at the weakest pace in more than three decades. The official PMI showed that the new export orders sub-index stood at 51.3 in December, down …
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31 December 2020 12:15 pm
Oil Prices Rise on Drop in US Crude Inventories
Oil prices rose on Wednesday, supported by a larger-than-expected drop in crude stocks in the United States and Britain’s approval of a second anti-Corona virus vaccine, but it is under pressure from dwindling hopes for a strong recovery in demand. Brent crude futures, the global benchmark, ended the trading session …
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31 December 2020 12:12 pm
Wall Street Closed Higher on Hopes of Economic Recovery
US stocks rallied on Wednesday as investors looked for improved economic prospects in 2021 following the distribution of vaccines to prevent Covid-19 disease and hopes for more financial support. The Dow Jones Industrial Average ended the trading session on Wall Street, up 73.89 points, or 0.24%, to 30,409.56 points, while …
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31 December 2020 12:20 am
Gold Finishes on Higher Note
Gold prices finished Wednesday higher, supported by the decline of the US Dollar (USD) across the board. The yellow metal futures for February delivery closed higher by 0.6% at $1,893.40 per ounce. The DXY is down by 0.37% at 89.66.
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30 December 2020 9:36 pm
British Parliament Approves Brexit Trade Deal
The British parliament has approved on Wednesday the post-Brexit trade deal with the European Union (EU). This comes a couple of days before the end of the transition period after the government of Prime Minister Boris Johnson reached an agreement with the EU regarding future relations between the two parties …
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30 December 2020 9:32 pm
European Stocks Finish Lower
European stocks closed Wednesday on a lower note after the approval of the post-Brexit trade deal between the United Kingdom (UK) and the European Union (EU). The pan-European STOXX 600 index finished lower by 0.34%. The UK’s FTSE100 declined by 0.71%, while the French index CAC40 finished lower by 0.22%. …
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30 December 2020 9:21 pm
What Will Move Oil Prices in 2021?
The Coronavirus pandemic has severely impacted the global oil industry, with crude prices hitting lows not seen in decades amid a decline in demand for energy in 2020. After starting the year with oil prices at $70 per barrel, supported by the recovery that was helped by the OPEC+ alliance …
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30 December 2020 7:48 pm
US Trade Deficit Widens in November
Trade deficit in the United States rose by $4.4 billion to $84.8 billion in November, data showed on Wednesday. According to the US Census Bureau and the US Bureau of Economic Analysis exports of goods for November were $127.2 billion, $1.1 billion more than October exports, while imports of goods …
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30 December 2020 7:46 pm
US Oil Stockpiles Down 6.1 M Barrels in Week
Crude oil inventories in the United States declined by 6.1 million barrels last week, according to the weekly report by the U.S. Energy Information Administration (EIA).
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