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Market Analysis

October, 2020

  • 29 October 2020 5:22 pm

    Germany: Annual HICP Drops to -0.4% in September

    Inflation in Germany, as measured by the Consumer Price Index (CPI), was 0.1% (preliminary) in October, the data published by Destatis showed on Thursday. This reading followed September’s print of -0.2% and came in higher than the market expectation of 0%. On a yearly basis, the CPI stayed unchanged at …

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  • 29 October 2020 3:56 pm

    US Consumer Confidence Rebounds

    On Thursday, the Bank of Japan trimmed its forecast for the economy and prices in the current fiscal year, but revealed a more optimistic view about the chances of recovery, indicating that the stimulus measures it took are sufficient so far. The central bank warned that the outlook is shrouded …

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  • 29 October 2020 3:34 pm

    Eurozone Consumer Confidence Declines to -15.5 in October as Expected

    The Consumer Confidence for the euro area and the EU both declined by 1.6 points in October and arrived at -15.5 and -16.5, respectively, the data published by the European Commission showed on Thursday. Further details of the publication revealed that the Industrial Confidence for the euro area improved modestly …

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  • 29 October 2020 2:35 pm

    Oil Continues Losses Amid Renewed Fears of Coronavirus and a glut of supply

    Oil prices continue their losses after losing 5% in the previous session, with governments re-imposing restrictions to contain the second wave of cases with the Coronavirus, and amid indications of a growing global supply glut. By 0743 GMT, US West Texas Intermediate crude futures were down 8 cents, equivalent to …

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  • 29 October 2020 1:21 pm

    Japan Stocks Decline to Lowest Levels in a Month

    Japan

    Japanese stocks fell to their lowest levels in a month today, Thursday, under the weight of fears about new closures to combat the Coronavirus in Europe, but the optimistic expectations of companies during the results season limited the losses. The benchmark Nikkei index closed 0.37% at 23,331.94 points. The Nikkei …

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  • 29 October 2020 12:07 pm

    PBOC Sets Yuan Reference Rate at 6.7195

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.7260 versus Wednesday’s fix at .

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  • 29 October 2020 12:02 pm

    FX Option Expiries For Oct 29 NY Cut

    FX option expiries for Oct 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. EUR/USD: EUR amounts 1.1700 785m1.1720 718m1.1750 869m1.1770 545m USD/JPY: USD amounts 103.60 1.0bn104.00 1.8bn104.50 385m104.75 523m105.16 424m105.25 1.3bn USD/CAD: USD amounts 1.3325 530m EUR/GBP: EUR amounts 0.9000 484m0.9050 920m0.9110 697m

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  • 29 October 2020 2:17 am

    Oil Prices Tumble on US Inventory Data

    Oil prices declined on Wednesday and finished at their lowest level since June, after data showed an increase in crude inventories in the United States. Data by the US Energy Information Administration (EIA) showed earlier today that crude oil stockpiles in the United States grew by 4.3 million barrels last …

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  • 29 October 2020 1:48 am

    USD Rebounds Across the Board

    The US Dollar (USD) rose across the board on Wednesday, supported by an increased demand, amid a surge in new COVID-19 cases in many countries. The Dollar Index (DXY), which measures the USD performance against a basket of six major currencies, is up by 0.55% for the day at 93.45. …

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  • 29 October 2020 1:18 am

    US Treasury Yields Fluctuate and Close on Little Changes

    Treasury yields in the United States stabilized on Wednesday, amid increasing concerns about the rising number of COVID-19 cases around the globe. The return on the 10-year Treasury bond increased by 0.2 basis point to 0.78%% The yield on the 30-year Treasury bond declined by 0.1 basis point to 1.57%. …

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  • 29 October 2020 12:42 am

    Gold Settles at Lowest Closing Level in Month

    Gold prices declined on Wednesday to finish at their lowest level in about a month, as the US Dollar (USD) rose across the board amid concerns about the rising number of new COVID-19 cases. Gold futures for December delivery plunged by $32.70, or 1.7%, and closed at $1,879.20 per ounce. …

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  • 28 October 2020 10:11 pm

    BoC Expects Canadian Economy to Grow by 4% in 2021

    The Bank of Canada (BoC) on Wednesday decided to maintain its target for the overnight rate at the effective lower bound of 0.25%, with the bank rate at 0.5%, and the deposit rate at 0.25%. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing …

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  • 28 October 2020 9:10 pm

    European Stocks Hit Five-Month Low

    European stocks closed lower on Wednesday, registering huge losses on news that France and Germany are planning new lockdown measures to curb the new wave of the Coronavirus (COVID-19) pandemic. STOXX Europe 600 index plunged by 2.95% to close at 342.17, its lowest level since late May. The UK’s FTSE100 …

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