The ECB rate decision on Thursday just came out. As expected, the central bank leaves the interest rates unchanged. Later today, we will be looking at the June retail sales report from the United States. It’s expected to post a 5.0% rise after a 17.7% rise in May. We will …
Read More »Oil Prices Stabilize as OPEC+ Output Hike and Trade Talks Dominate Market Focus
1. Oil Price MovementsOil prices saw slight gains on Tuesday as market participants evaluated expect…
U.S. Stock Futures Pull Back Amid Trade and Fiscal Policy Uncertainty
1. Market Overview and Trade SentimentU.S. stock futures slipped on Tuesday, retreating from recent …
European Stocks Steady Ahead of Trade Deadline and Key Inflation Data
Global Market Caution Amid U.S. Trade Negotiations European stocks traded cautiously on Tuesday, as …
Gold Prices Jump Amid Trade Uncertainty and Weaker Dollar
Gold Surges as Safe-Haven Demand Increases Gold prices saw a notable increase in Asian trade on Tues…
UK House Prices Experience Steep Decline in June, Reflecting Market Weakness
UK house prices dropped by 0.8% in June, marking the biggest monthly decline in more than two years,…
Bitcoin Struggles Amid Risk-Off Sentiment and Trade Uncertainty
Bitcoin experienced a decline on Tuesday, extending its overnight losses as broader market sentiment…
U.S. Dollar Weakens Amid Fiscal Worries and Trade Uncertainty
The U.S. dollar lingered at its weakest level against the euro since September 2021 on Tuesday, driv…
Oil Prices Fall Amid Easing Supply Concerns and OPEC+ Production Hike Expectations
Oil prices fell to a three-week low on Tuesday, with both Brent and West Texas Intermediate (WTI) cr…
USD/JPY Drops as U.S. Job Fears Grow
On July 1, 2025, the USD/JPY pair fell to 143.89, down from 144.62, as the U.S. dollar weakened amid…
Market Analysis
July, 2020
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16 July 2020 3:34 pm
China’s GDP Rebounds in Q2
Official data released early in the morning showed that the Chinese economy witnessed a boom in the processes of reopening the economy and expanding in the post-Covid-19 period in Q2 with the expansion of the country’s manufacturing sector. Q1 annual GDP came in at + 3.2%, exceeding analyst expectations at …
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16 July 2020 2:54 pm
IMF Chief Warns Global Economy ‘Not Out of The Woods’
Global economic activity is picking up after an unprecedented decline this year due to the coronavirus pandemic, but a second major wave of infections could trigger more disruptions, IMF Managing Director Kristalina Georgieva said. “We are not out of the woods yet,” Georgieva said The International Monetary Fund had cut …
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16 July 2020 2:09 pm
Gold Close to Session Lows Around $1805
The yellow metal saw modest declines on Thursday and snapped the rally in 3 days. Gold fell during the European session and reached new daily lows around $ 1805-04 in the last hour. The metal failed to take advantage of this week’s rebound from the support area of 1790 and optimism …
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16 July 2020 1:33 pm
China: Hopes Trade Deal Reached with US Can Still be implemented
China said on Thursday that it hope to implement the first stage of the trade agreement it reached with the United States and stressed its willingness to abide by the agreement despite the recent US sanctions on Chinese officials and companies. Chinese Foreign Ministry spokeswoman Hua Chunying told reporters at …
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16 July 2020 12:55 pm
European Stocks Lower on Us-China Tension
European stocks fell from their highest levels in a month as the tension between the United States and China weakened hopes of a rapid global economic recovery. Europe’s STOXX 600 was down 0.9% at 0800 GMT and London’s FTSE 100 also fell 0.9%, both partially giving-up yesterday’s gains. Weak earnings …
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16 July 2020 12:04 pm
Oil Prices Ease After OPEC + Decision
Oil prices retreated after OPEC + agreed to taper record supply curbs from August, although the drop had received some bailouts from the rapid recovery of US demand after crude inventories fell in. Brent fell 33 cents, or 0.8%, to $ 43.46 a barrel, with WTI down 42 cents, or …
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16 July 2020 11:25 am
New Car Sales Drop in Europe
Industry data showed on Thursday that European car sales fell in June compared to last year, although they showed an improvement since May we ease of Covid-19 and lockdown measures Statistics of the European Automobile Manufacturers Association (ACEA) showed the registration of new cars in June decreased by 24.1% YoY …
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16 July 2020 10:56 am
Shares Fall in Asia, Ignoring Data
Asian shares and US stock futures fell on Thursday, due to concerns about the trade tension between the United States and China and the economic cost of the Covid-19 waves. MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 1.18%, while Tokyo’s Nikkei fell 0.74%. Shares in China fell …
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16 July 2020 10:32 am
UK Unemployment Rate Beats Estimates
Data published by the Office of National Statistics (ONS) showed that the UK official unemployment rate remained unchanged at 3.9% posted in May while the number of claimants count change fell unexpectedly last month. The number of people claiming jobless decreased by 28.1K in June, compared to expectations for +250K …
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16 July 2020 10:15 am
FX Option Expiries For July 16 NY Cut
FX option expiries for July 16 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1320 519m1.1350 2.0bn1.1400 853m1.1435 570m1.1450 712m1.1550 880m – GBP/USD: GBP amounts 1.2510 369m – USD/JPY: USD amounts 107.25 576m107.30 556m107.35 410m – AUD/USD: AUD amounts 0.6980 563m – NZD/USD: NZD …
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16 July 2020 1:00 am
Wall Street Closes Higher on COVID-19 Near Vaccine
The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by positive news about the development of a vaccine for the coronavirus disease (COVID-19). In addition, the US Federal Reserve’s Beige Book showed that economic activity increased in almost all districts across the United States. The Dow Jones Industrial …
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16 July 2020 12:38 am
Oil Gains 2% Despite OPEC+ Decision
Oil prices settled higher on Wednesday after showing a mixed performance during the session, finding support from a decline in the United States crude oil inventories, according to data by the US Energy Information Administration (EIA). A major factor that impacted oil prices today was the expected OPEC+ agreement between …
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