Gold fell below the psychologically critical $ 1900 level on Monday to record the lowest price in more than a week, on US Dollar strenth and the lack of progress in talks on a new US stimulus package. Gold spot fell 0.2%to $ 1897.35 an ounce by 0711 GMT, after …
Read More »Trump’s Return to Davos Puts Global Economy and Trade Order Under the Spotlight
The annual World Economic Forum in Davos is set to unfold against a backdrop of heightened economic …
Gold Pauses After Record Run as Markets Lock in Profits
Gold prices eased slightly at the end of the trading session, closing near $4,596 per ounce, as inve…
Oil Prices End Higher as Holiday Trading and Geopolitical Risks Support the Market
Oil prices closed higher as traders positioned ahead of the U.S. holiday weekend, with lingering geo…
Trump’s Reluctance Shakes Up the Fed Chair Race
President Donald Trump signaled fresh uncertainty over the future leadership of the Federal Reserve …
Inflation Takes Center Stage as Markets Brace for a Crucial Week Ahead
The US dollar struggled to find clear direction over the past week, caught between geopolitical tens…
Markets Edge Lower as Bank Earnings Raise Caution Ahead of a Pivotal Week
U.S. equity futures traded tentatively ahead of the opening bell, reflecting investor unease as fres…
Yen Gains on Intervention Fears While Dollar Holds Strong
The Japanese yen strengthened on Friday, with USD/JPY slipping to 158.02, down 0.35%, as markets rea…
Dollar Set for Third Weekly Gain as Strong U.S. Data Pushes Back Rate Cut Expectations
The U.S. dollar edged slightly lower on Friday, but remained on track for another weekly gain as str…
Bitcoin Slips After U.S. Lawmakers Delay Crypto Regulation Bill
Bitcoin edged lower in Asian trading on Friday, trimming part of this week’s rebound after U.S. lawm…
Oil Prices Edge Higher as Supply Risks Linger Despite Easing Iran Tensions
Oil prices inched higher on Friday, supported by lingering supply concerns, even as the immediate th…
Market Analysis
October, 2020
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26 October 2020 11:34 am
China: Will Impose Sanctions on US Entities Participating in Arms Sales to Taiwan
China’s Foreign Ministry announced on Monday, it will impose sanctions on the US entities involved in the arms sales to Taiwan. Lockheed Martin, Boeing and Raytheon will be sanctioned, the Ministry said. Developing Story…
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26 October 2020 11:31 am
AUD/USD Flirts With Session Lows
The Australian dollar fell against the US dollar during the Asian session and was hovering near the lower end of the daily trading range, just above the 0.7100 mark. The pair saw some fresh sell-offs during the first day of the week and gave up the positive movement of the …
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26 October 2020 11:18 am
PBOC Sets Yuan Reference Rate at 6.6725
The People’s Bank of China (PBOC) has set the yuan reference rate at 6.6725 versus Friday’s fix at 6.6703.
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26 October 2020 11:17 am
Japan Considers Compiling $95.5 Billion Extra Budget to Counter Coronavirus
The Japanese government is said to compile an extra budget worth around $95.5 billion to counter the economic damage induced by the coronavirus pandemic, a local newspaper, Mainichi, reported over the weekend. The government is likely to debate using the 10 trillion yen ($95.52 billion) budget to extend a labour …
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26 October 2020 11:15 am
US Allows AstraZeneca to Resume Trials of Coronavirus Vaccine
AstraZeneca said it has resumed trials in the United States of an experimental on Covid-19 vaccine after US regulatory approval. On September 6, AstraZeneca suspended trials of its potential experimental coronavirus vaccine in the United States after a report that a participant in Britain’s trials had contracted a serious neurological …
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26 October 2020 11:12 am
The Nikkei is up 0.02% in Early Trading in Tokyo
The Nikkei benchmark rose in early trading on the Tokyo Stock Exchange on Monday, October 26th. The Nikkei rose 0.02% to 23,520.78 points, while the broader Topix index fell 0.13% to 1623.13 points.
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24 October 2020 12:46 am
Wall Street Logs First Loss in Four Weeks
The New York Stock Exchange (NYSE) showed a mixed performance on Friday, and its main indices finished the week in losses after posting three consecutive weekly rises. The Dow Jones Industrial Average declined by 28 points, or 0.1%, and closed at 28,335.57. The S&P 500 added 12 points, or 0.3%, …
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24 October 2020 12:33 am
Oil Prices Record Weekly Losses
Oil prices declined on Friday, on expectations of increased crude output from Libya and uncertainty about the impact from the second wave of the Coronavirus pandemic. Brent crude futures for December delivery closed lower by 69 cents, or 1.6%, at $41.77 per barrel. Meanwhile, the US West Texas Intermediate (WTI) …
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24 October 2020 12:28 am
Gold Rises Marginally but Records another Weekly Decline
Gold prices rose on Friday as the US Dollar (USD) declined across the board, however, the yellow metal recorded its second consecutive weekly losses. Gold futures for December delivery added 60 cents, or 0.03%, and settled at $1,905.20 per ounce. The precious metal most active futures recorded a weekly decline …
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24 October 2020 12:02 am
GBP Recovers from Daily Low
The British Pound (GBP) is declining against the US Dollar (USD) and the GBP/USD pair broke the 1.3050 support level. After hitting a fresh daily low of 1.3019, the pair has recovered some of its losses, trading at 1.3041, lower by 0.32% for the day. The pair hit a high …
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23 October 2020 11:52 pm
USD Declined Despite Positive Economic Data
The US Dollar (USD) declined on Friday across the board, despite an expansion in business activity in the US, as shown by the most recent PMI reading. The Dollar Index (DXY), which measures the USD performance against a basket of six international currencies is down by 0.20% at 92.76, after …
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23 October 2020 11:24 pm
AUD/USD Maintains Positive Trajectory
The Australian Dollar (AUD) gave up some of its earlier gains against the US Dollar (USD) but maintained a positive performance during the last session of the week. The pair earlier reached its highest level in about a week, going as high as 0.7158, while its daily low came at …
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