China’s Finance Ministry said the country will reduce import duties on 883 goods from January 1, including some aviation equipment, paper products and wood. The ministry said in a statement on its website that it would also reduce import duties for some information technology products, starting from July 1. The …
Read More »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…
Wall Street Opens Strong: Stocks Rally Amid Falling Bond Yields and Rising Oil Prices
U.S. stocks climbed on Tuesday, driven by signs of a slowing labor market and easing bond yields. Th…
Pound Gains as Investors Watch Looming Fed and BoE Decisions
The British Pound rose on Tuesday, trading near 1.3350, as investors prepared for important central …
Euro Climbs as Swiss Franc Pullback, Safe-Haven Bounce Fades, Traders Eye Central Bank Moves
The Euro gained ground against the Swiss Franc on Tuesday, with EUR/CHF edging higher to around 0.90…
U.S. Futures Slip as Oil Surge and Hormuz Tensions Keep Markets on Edge
U.S. stock futures edged lower on Tuesday, pausing after a strong rally in the previous session, as …
Dollar Edges Higher as Oil Surge and Hormuz Tensions Fuel Inflation Concerns
The U.S. dollar strengthened modestly on Tuesday, supported by elevated oil prices and ongoing geopo…
European Stocks Mixed as Oil Rises After Allies Reject Hormuz Mission
European stock markets traded without a clear direction at the start of Tuesday’s session, as rising…
Market Analysis
December, 2020
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23 December 2020 3:20 pm
Oil Retreating Due to a Sudden increase in US Inventories and Trump’s threat to stimulate
Oil prices fell by more than 1% Wednesday, December 23, after a sector report showed an unexpected increase in US crude oil inventories, while US President Donald Trump shocked the markets after he threatened not to sign a long-awaited aid package linked to Covid-19. Brent crude futures fell 71 cents, …
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23 December 2020 2:13 pm
Trump Urges Congress to Amend ‘Wasteful’ Coronavirus Aid Bill
US President Trump has urged Congress to amend a $900bn coronavirus relief package to more than triple its stimulus payments to Americans. In a video message posted on Twitter, he said the package “really is a disgrace”, full of “wasteful” items. “It’s called the Covid relief bill, but it has almost …
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23 December 2020 2:00 pm
European Stocks Rise on Hopes of a Trade Deal Linked to Brexit
European stocks rallied on Wednesday, December 23, as investors encouraged a report indicating the possibility of signing a trade deal later in the day for the post-Brexit phase, amid concerns about the long-awaited passage of a coronavirus-related aid package in the United States. The European Stoxx600 index rose 0.4% after …
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23 December 2020 1:15 pm
Gold Rising Despite Trump’s Threat on Stimulus And With US Dollar Weakening
Gold prices rose on Wednesday, December 23, supported by the dollar’s decline and continued optimism about the stimulus package in the United States even after President Donald Trump threatened not to sign the aid package linked to the pandemic. Spot gold rose 0.3% to $1864.29 an ounce by 07:05 GMT, …
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23 December 2020 12:37 pm
API: A Sudden Rise in US Crude Stocks Last Week
Data from the American Petroleum Institute on Tuesday showed that US inventories of crude oil rose in the latest week. Crude stocks rose 2.7 million barrels over the week ending December 18 to about 497.7 million, while analysts’ expectations in a Reuters poll indicated a decline of 3.2 million barrels. …
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23 December 2020 3:38 am
UK and Canada Reach Free Trade Arrangement
The United Kingdom (UK) and Canada have agreed transitional measures to maintain the flow of goods between the two countries starting from January 1, 2021, the British Department of International Trade announced on Tuesday. The new agreement will allow the continuity of free trade, without tariffs, between the two countries …
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23 December 2020 1:02 am
Oil Finished Lower for Second Day in Row
Oil prices declined for the second day in a row, amid concerns about a new variant of the novel Coronavirus and the rise of the US Dollar (USD). Brent crude futures for February delivery lost 83 cents, or 1.6%, to close at $50.08 per barrel. Meanwhile, the West Texas Intermediate …
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22 December 2020 11:36 pm
EU Making Final Push for Brexit Agreement
The European Union (EU) is reportedly making a final push, in trade talks with the United Kingdom (UK), for an agreement for the post-Brexit stage. Fishing rights remain the issue where the biggest disagreement lies, Reuters has reported citing the EU’s chief negotiator. “We are really in a crucial moment. …
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22 December 2020 11:24 pm
EUR/USD Declines as the Greenback Rises
The US Dollar (USD) is rising against the Euro (EUR) during Tuesday’s trading session, supported by strong demand for the greenback. The EUR/USD pair is trading lower by 0.67% at 1.2162. It has been moving today in a range between 1.2156 and 1.2257, after closing yesterday at 1.2244. The International …
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22 December 2020 11:09 pm
USD Maintains Rising Streak
The US Dollar (USD) is rising across the board on Tuesday, supported by improved demand on concerns about the Coronavirus. The Dollar Index (DXY), which measures the USD performance against a basket of six major international currencies, is up by 0.67% at 90.65. The index has been moving today in …
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22 December 2020 11:02 pm
Gold Closes Lower for Second Day in Row
Gold prices plunged on Tuesday, falling for the second consecutive session for the first time in about two weeks. Moreover, the yellow metal futures saw their biggest decline since the beginning of the month, amid a positive performance by the US Dollar (USD). Gold futures for February delivery decreased by …
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22 December 2020 9:10 pm
US Existing Homes Sales Fall in November
Existing homes sales in the United States decreased for the first time in six months during November, data showed on Tuesday. Sales of previously owned homes fell by 2.5% last month, after reaching its highest level in about 15 years during October, to an annualized rate of 6.69 million units, …
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