The United Kingdom (UK) has no intention to extend the Brexit transitional period, which ends on December 31 in order to allow more time for negotiations with the European Union (EU), as expressed by a spokesperson for the British Prime Minister Boris Johnson. The First Minister of Scotland, Nicola Sturgeon, …
Read More »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…
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…
Market Analysis
December, 2020
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22 December 2020 2:49 am
Europe Grants Authorization for Pfizer-BioNTech Vaccine
The European Medicines Agency has recommended authorizing the Coronavirus vaccine for people aged 16 and older, CNBC reported. The authorized vaccine is the one developed by Pfizer and BioNTech, with vaccinations in Europe expected to start within a week. This comes less than two weeks after the vaccine was rolled …
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22 December 2020 1:59 am
Biden Gets COVID-19 Vaccine
The President-elect of the United States, Joe Biden, received on Monday the first dose of the Coronavirus vaccine. Biden told Americans that there’s nothing to worry about regarding the vaccine, NBC News reported. The President-elect got the Pfizer-BioNTech vaccine. “I’m doing this to demonstrate that people should be prepared, when …
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22 December 2020 1:28 am
DXY to Finish off Session Highs
The US Dollar (USD) showed a positive performance against major currencies on Monday, opening the week with support from investors’ demand spurred by concerns about a new variant of the Coronavirus. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is up by …
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22 December 2020 1:19 am
Oil Prices Decline on Coronavirus Concerns
Oil prices declined on Monday, on the back of renewed concerns about a new variant of the novel Coronavirus that caused a global pandemic. New lockdown measures could sharply impact the demand for oil, which is driving investors’ worries across the markets. Brent crude futures for February delivery closed lower by …
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21 December 2020 11:28 pm
Gold Finishes Lower Amid Coronavirus Skepticism
Gold prices decline on Monday, as the US Dollar (USD) rose across the board on concerns about a new variant of the coronavirus. Gold futures for February delivery decreased by $6.10, or 0.3%, to finish at $1,882.80 per ounce. The yellow metal failed to gain enough support from the recently …
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21 December 2020 10:40 pm
GBP/USD Declines on New Coronavirus Variant
Announcing the discovery of a new variant of the Coronavirus in the United Kingdom (UK) has led to the decline of the British Pound (GBP) on Monday. The GBP is down by 1.12% against the US Dollar (USD), trading at 1.3372. Earlier today, the GBP/USD pair fell as low as …
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21 December 2020 9:57 pm
Canada’s New Housing Prices Rise in November
Canada’s New Housing Price Index showed that new home buyers saw prices rise by 0.6% in November. New single-family house prices increased by 3.7% since the beginning of the pandemic in March, according to Statistics Canada. On the national level, new house prices went up by 4.6% on an annual …
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21 December 2020 8:00 pm
European Stocks Decline on New Coronavirus Variant Fears
European stocks plunged on Monday, opening the week with a negative performance amid fears about a new variant of the Coronavirus. The pan European STOXX 600 index closed lower by 2.3%. Meanwhile, the UK’s FTSE100 finished lower by 1.73%. In Germany, the DAX index plummeted by 2.82%, while in France …
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21 December 2020 7:14 pm
Eurozone Consumer Confidence Indicator Improves to -13.9 in December
The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, the advanced data published by the European Commission showed on Monday. This reading came in better than analysts’ estimate of -16.8.
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21 December 2020 6:47 pm
The Central Bank of Russia: Banking Sector Profits Fall on a Monthly Basis in November
Russia’s central bank said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian banks achieved profits of 1.4 trillion rubles in the eleven months of 2020. Russia’s credit rating agency …
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21 December 2020 5:44 pm
US: Chicago Fed National Activity Index Drops to 0.27 in November
The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined from 1.01 (revised from 0.83) in October to 0.7 in November. Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions
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21 December 2020 5:43 pm
Russia to Suspend Flights With UK Amid Mutated Virus Fears
Russia will halt all flights with Britain from midnight Tuesday, joining the growing list of countries to suspend air travel with the country amid concerns of a more-infectious coronavirus strain found there.
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