The US Federal Reserve could take more measurements to face the economic consequences of the coronavirus disease (COVID-19) crisis. “We have a lot of accommodation in place, there is more that we can do, there is more that we will do,” Federal Reserve Vice Chairman Richard Clarida told CNN on …
Read More »Dow Soars 426 Points as Investors Shift from Tech to Healthcare; Tesla Plunges Amid Trump-Musk Feud
Dow Soars 426 Points as Investors Shift to Healthcare; Tesla Plunges Amid Trump-Musk Feud The U.S. s…
Gold Jumps Over 1% as Trade Tensions and Fiscal Fears Boost Safe-Haven Appeal
Gold prices soared by more than 1.13%, climbing to approximately $3,355 per ounce, before stablizing…
Senate Approves Trump’s ‘One Big Beautiful Bill’: Key Provisions and Next Steps
The US Senate passed President Donald Trump’s ambitious legislative package, known as the “One Big B…
US Dollar Stages Comeback as Strong ISM and JOLTS Data Counter Political and Trade Uncertainties
The US Dollar Index (DXY) staged a recovery after hitting its lowest level since February 2022 at 96…
Euro Hits Multi-Year Peak Before Dollar Rebounds: ECB Forum and US Data in Focus
The EUR/USD currency pair surged to a multi-year high of 1.1830, its strongest level since September…
Central Bank Titans Convene in Sintra: Powell, Lagarde, and Bailey Tackle Global Monetary Challenges
On July 1, 2025, the picturesque town of Sintra, Portugal, became the epicenter of global economic d…
BOJ’s Ueda Signals Persistent Low Inflation at ECB Forum
On July 1, 2025, at 5:55 PM EEST, Bank of Japan (BOJ) Governor Kazuo Ueda provided critical insights…
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 …
Market Analysis
July, 2020
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8 July 2020 12:04 am
Daly: Higher Inflation Could be Good Thing
The President of San Francisco Federal Reserve, Mary Daly, said that the US labor market is in better shape she previously thought it might be, “but it’s nowhere close to where we need to be.” “I am assuming that we’ll level off at some level that’s not where we want …
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7 July 2020 10:40 pm
EIA: US Oil Production Seen at 11.64 M bpd in 2020
The United States crude oil production is expected to decline by 600,000 barrels per day (bpd) in 2020 to 11.63 million bpd and 11.01 million bpd in 2021, according to a report by the US Energy Information Administration (EIA) on Tuesday. EIA was previously forecasting a 670,000 bpd decline, Reuters …
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7 July 2020 10:29 pm
European Stocks Settle Lower
European Stocks closed Tuesday in red, as the pan-European Stoxx 600 index closed down by 0.6% due to losses by tech companies, mixed economic data, and gloomy economic forecasts. The main index of the London Stock Exchange (LSE), FTSE100, lost 1.53% and settled at 6,189.9. Meanwhile, the French index CAC40 …
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7 July 2020 10:09 pm
Gold Prices Close at Highest Level Since 2011
Gold futures settled on Tuesday at a new record level that is the highest since September 2011. Gold futures for August delivery increased by $16.40, or 0.9%, to settle at $1,809.90 per ounce. The yellow metal rose earlier today to the $1,810 level. Spot gold is currently trading at $1,795.85, …
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7 July 2020 8:23 pm
Spain and Germany to Discuss EU COVID Fund
The Prime Minister of Spain, Pedro Sanchez, is set to meet with German Chancellor Angela Merkel to discuss the European Union (EU) recovery fund. “Spain’s future is at stake in the coming days,” said the Spanish government spokeswoman Maria Jesus Montero, Reuters reported. German Chancellor Angela Merkel recently said that …
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7 July 2020 7:44 pm
Bostic: US Businesses Getting Nervous Again over COVID-19
Businesses in the US are growing nervous over the recent surge in the number of COVID-19 cases, according to the President of the Atlanta Federal Reserve, Raphael Bostic. “We are hearing it more and more as we get more data. People are getting nervous again. Business leaders are getting worried. …
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7 July 2020 6:47 pm
Canadian Ivey PMI Surges in June
Seasonally adjusted Canadian Ivey Purchasing Managers’ Index (PMI) rose to 58.2 in June from 39.1 in May, versus a consensus expectation of 25.1. The index give a signal of economic recovery, after passing the 50-point mark for the first time since February, with economic activity slowing down during the past …
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7 July 2020 6:27 pm
Canadian Economy to Contract by 7% in 2020
Moody’s Investors Service expects the Canadian economy to contract by 7% in 2020 due to the COVID-19 pandemic, Reuters reported. Canadian provinces are expected to stabilize their rising debt burdens once economic growth resumes, according to Moody’s, however, the rating agency sees all 10 provinces posting deficits in the fiscal …
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7 July 2020 5:59 pm
US Dollar Index Returns Below 97.00
The US dollar index, DXY, which measures the strength of the greenback versus a basket of currencies, lost the upward trend and slid back to 97.00 levels after Wall Street’s opening bell. The US dollar index maintained gains in the 96.80 region, which is the positive zone, advanced for the …
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7 July 2020 5:26 pm
Germany Expects The Economy to Recover in October
German Minister of Economy Peter Altmaier said during press statements that he expects that his country’s economy is recovering from the repercussions of Covid-19 in October. Altmaier added that the economy will shrink by 6% in 2020 and then return to growth by more than 5% in the following year. …
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7 July 2020 4:30 pm
Forex Overview Today
Markets stabilized and the US dollar attempted a recovery after risk-on sentiment on Monday, buoyed by rising Chinese stocks and easing Coronavirus concerns in the United States. Gold managed to rise despite the risk appetite, solid above 1780, and may be ready for a leg higher throughout the day. Sunday’s …
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7 July 2020 3:37 pm
WTI Battles $40
West Texas Intermediate crude oil (WTI) futures bounced but facing a difficult time extending this bounce above 40 as risk aversion trades continue in the European session. Traders are waiting for any clues for sentiment with Coronavirus update in US as well as crude oil inventory data from the American …
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