Oil prices rose on Tuesday, supported by positive news about the trials of the Covid-19 vaccine and the recovery fund agreement reached by European Union leaders, but gains were limited by fear of new lockdowns that may be a barrier to the recovery of demand for oil. Brent crude futures …
Read More »Will Cracks Emerge in US-Japan Trade Deal?
Discrepancies Over Investment and Profits:A seemingly triumphant announcement of a preliminary trade…
Gold Miner Shines: Earnings Soar as Precious Metal Prices Climb
Shares of a leading gold mining company surged on Friday, reaching their highest level in three year…
Political Firewalls Weaken: Are Powell’s Stance, Fed’s Independence Still Under Threat?
A significant shift is underway in the political landscape surrounding the Federal Reserve. While Pr…
Dow Jones Rebounds: Unexpected Durables Strength and Tariff Hopes Fuel Market Rally
The Dow Jones Industrial Average (DJIA) demonstrated a notable recovery on Friday, clawing back rece…
Oil Under Pressure: Brent and WTI Drop as Supply Surges and Demand Outlook Clouds
Global oil markets are facing renewed pressure, with both West Texas Intermediate (WTI) and Brent cr…
US Treasury Yields Climb As Countdown For Fed’s Policy Meeting Begins
As financial markets gear up for the central bank’s pivotal meeting next week, the US 10-Year …
Euro Stands Strong Amidst Global Trade Disputes
The Euro has demonstrated remarkable resilience in recent months, emerging as a top performer among …
Major Trade Breakthrough: EU and US Nearing Framework Agreement This Weekend
Optimism is building for a significant advancement in transatlantic trade relations, as officials fr…
U.S. Stock Futures Edge Higher as Investors Digest Earnings and Trade Deal Optimism
U.S. stock index futures were on the rise Friday, capping off a generally positive week as investors…
Bitcoin Drops Below $116,000 as Caution Mounts Ahead of U.S. Fed Meeting and Crypto Policy Report
Bitcoin faced a decline on Friday, dropping below $116,000 amidst growing caution in the market. The…
Market Analysis
July, 2020
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21 July 2020 1:02 pm
Gold at Years High
Gold continued its rise for the third consecutive session on Tuesday and rose to new highs for several years around $ 1823-24 area during the last hour. Additional stimulus plans from the US and the Eurozone were one of the main factors that lifted demand for the precious metal as …
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21 July 2020 12:16 pm
EU Reaches ‘Historic’ Deal on Pandemic Recovery
European Union leaders reached a “historic” deal on a massive stimulus plan for the bloc’s economy, which is stagnating by the Covid-19. They reached the historic deal in the early hours of Tuesday after five days of negotiations. The agreement paves the way for the European Commission, the EU’s executive, …
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21 July 2020 11:23 am
UK Borrowing Hits Record in 3 Months
British government borrowing rose to a record of 127.9 billion pounds ($ 162 billion) in the first three months of the fiscal year 21/2120, more than twice the entire year previously, with strict Coved 19 closures. Borrowing in June, excluding state-owned banks, reached 35.5 billion pounds, five times higher than …
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21 July 2020 10:57 am
FX option expiries for July 21 NY cut
FX option expiries for July 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1350 1.0bn1.1500 650m – USD/JPY: USD amounts 106.00 650m106.40 595m106.45 500m106.75 431m106.85 410m107.00 402m107.30 480m107.35 644m107.55 447m
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21 July 2020 10:39 am
Europe Stocks Higher On Recovery Deal
European stock markets are set to open higher on Tuesday, supported headlines that the EU leaders have agreed on a massive stimulus plan to revive the economies damaged by the pandemic. DAX futures contract traded 1% higher, FTSE 100 futures contract in the rose 0.7%, while CAC 40 futures rose …
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21 July 2020 3:56 am
Daily Recap: Monday, July 20, 2020
Forex: EUR/USD Maintains Upward TrendFX Option Expiries for July 20 NY Cut Cryptocurruncies: Bitcoin: Fails to Live up Commodities: Oil Futures Close HigherGold Prices Settle Higher and Silver Maintains GainsSilver Surges to Highest Level in Four YearsGold Rises on Increased Covid-19 Cases Stocks: Wall Street Closes Higher and Nasdaq Breaks …
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21 July 2020 3:47 am
EU Leaders Nearing Agreement on Recovery Fund
Leaders of the European Union (EU) are set to reach an agreement about the COVID-19 recovery fund, which will help member countries cope with the coronavirus pandemic economic impacts. President of the EU Council, Charles Michel, was cited by Reuters earlier today as saying that he is confident of the …
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21 July 2020 1:35 am
EUR/USD Maintains Upward Trend
The Euro (EUR) rose against the US Dollar (USD) on Monday, supported by positive reports about COVID-19 vaccine trials and news that European leaders are nearing an agreement about a EUR 750 million recovery fund. The EUR/USD is currently trading at 1.14428, up by 0.15% for the day. Earlier today, …
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21 July 2020 12:38 am
Wall Street Settle Higher and Nasdaq Breaks New Record
Wall Street saw another record-breaking day on Monday, as all the New York Stock Exchange (NYSE) indices settled higher with the Nasdaq reaching a new all-time high. The Dow Industrial Average Index closed marginally higher by 8.9 points or 0.03% at 26,680.87. S&P 500 increased by 0.84% to settle at …
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20 July 2020 11:50 pm
Oil Futures Settle Higher
Oil prices settled higher on Monday with markets showing recovery signs despite the increasing number of COVID-19 cases. A recent report by the US Energy Information Administration (EIA) expected the global demand for crude oil to recover by August 2021 and restore its pre-crisis levels. The US benchmark crude oil, …
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20 July 2020 11:23 pm
Gold Prices Settle Higher and Silver Maintains Gains
Gold prices settled higher on Monday, with the trading week beginning with an increased demand for safe havens as the number of COVID-19 cases continue to increase in the US and the world. Gold futures for August delivery increased by 0.4% and settled at $1,817.40 per ounce. Meanwhile, silver futures …
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20 July 2020 10:42 pm
European Stocks Settle Higher
The European stocks rose on Monday, supported by positive reports about COVID-19 vaccine trials, with the market anticipating the European Union (EU) talks about an economic stimulus package with a total size of EUR 750 million. The pan-European STOXX Europe 600 index gained 0.74% to settle at 375.45. French index …
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