Gold prices settled on Thursday at their highest level in about seven weeks, as the US Dollar (USD) declined across the board amid uncertainty about the United States election results. Gold futures for December delivery gained $50.60, or 2.7%, and settled at $1,946.80 per ounce. This is the highest closing …
Read More »Gold Holds Weekly Gains as Inflation Pressure and Geopolitical Uncertainty Drive Volatility
Gold ended the week on a positive note, posting gains of roughly $100 per ounce after a volatile str…
Bitcoin Climbs Around $73K as Inflation Signals Cool While Energy Shock Keeps Markets on Edge
Crypto Markets Turn Higher on Softer Inflation ReadingsBitcoin pushed above the $72,900 level as fin…
The Earnings Test: Can Corporate America Withstand the Heat of War?
As the guns of the Middle East conflict continue to echo across global markets, Wall Street is about…
Daly Signals Caution: Fed Ready to Hold, But Not Ruling Out Rate Cuts
Mary Daly has reinforced the Federal Reserve’s cautious stance, emphasizing that interest rates will…
Wall Street on Edge: Nasdaq Extends Winning Streak as Markets Brace for Geopolitical Shock
U.S. stocks closed the week with solid gains, but the final session revealed a more cautious tone be…
AI Threat: Behind Closed Doors Emergency Meeting That Rattling Wall Street
Top U.S. officials summoned banking giants to a closed-door session — and the reason was a single AI…
Johnson & Johnson’s Rally Faces Its Next Test
Johnson & Johnson has been on an impressive run. The healthcare titan’s stock has surged more th…
Ceasefire First: Iran Sets Conditions for Peace Talks
Iran has declared that peace negotiations cannot move forward until two critical conditions are met:…
Greenback Stumbles Toward Steepest Weekly Drop Since January as Fragile Middle East Truce Hangs in the Balance
Key Takeaways: Dollar retreats from recent highs: The U.S. Dollar Index is on track for a 1.6% weekl…
U.S. Inflation Surges in March as Middle East Tensions Ignite Energy Prices, but Core Data Offers a Silver Lining
Key Takeaways: Headline inflation leaps: The Consumer Price Index (CPI) accelerated to 3.3% year-ove…
Market Analysis
November, 2020
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5 November 2020 11:32 pm
Fed: Economy is Recovering but Remains Below Pre-Crisis Levels
The United States Federal Reserve has expressed commitment to using its full range of tools to support the economy in the face of the Coronavirus crisis. The target range for the federal funds rate has been kept at 0% to 0.25% and the Fed expects it will be appropriate to …
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5 November 2020 11:15 pm
US Fed Reserve Maintains Interest Rates
The United States Federal Reserve has maintained interest rates near 0%, noting that the American economy is still below its pre-COVID-19 levels.
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5 November 2020 10:22 pm
GBP Maintains Gains Against USD
The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …
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5 November 2020 10:17 pm
World Bank and IMF Delay 2021 Meetings
The World Bank (WB) and the International Monetary Fund (IMF) announced on Thursday that they have decided to postpone their annual meetings, which were set to take place in Marrakesh, Morocco, in October 2021. The move comes due to the Coronavirus (COVID-19) pandemic.
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5 November 2020 8:48 pm
AUD/USD at Highest Level in Seven Weeks
The Australian Dollar (AUD) rose against the US Dollar (USD) to its highest level in about seven weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The AUD/USD pair is trading higher by 1.14% at 0.7264, its highest …
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5 November 2020 8:21 pm
European Stocks Finish Higher
European stocks closed higher on Thursday, amid anticipation for election results in the United States, which seem to not have affected equity markets so far. The pan-European STOXX 600 index gained 1.18% or 4.27 points, to close at 367.58 points. The UK’s FTSE100 finished higher by 0.50%. Meanwhile, the French …
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5 November 2020 8:08 pm
USD Declines to Lowest Level in Seven Months
The US Dollar (USD) declined on Thursday to its lowest level in about seven months, as uncertainties continue about the outcomes of the US presidential elections. The Dollar Index (DXY) is down for the day by 0.79% at 92.67. The index, which measures the USD performance against a basket of …
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5 November 2020 8:00 pm
EU Close to Deal on New Budget
The European Union is moving closer to an agreement on its upcoming budget and stimulus package against the impacts of the COVID-19 pandemic, Reuters reported. The new EUR 1.8 trillion budget will be for the six-year period between 2021 and 2027.
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5 November 2020 6:46 pm
Wall Street Surges as Elections Results Approach
The New York Stock Exchange (NYSE) opened higher on Thursday, amid anticipation for the results of the United States presidential elections. The Dow Jones Industrial Average is up by 1.45%, while the S&P 500 gained 1.75%, and the Nasdaq Composite is up by 2.07%.
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5 November 2020 6:41 pm
CAD Rises to Highest Level in Two Months
The Canadian Dollar (CAD) rose against its US counterpart (USD) on Thursday to its highest level in eight weeks. This comes as the USD declined across the board amid the continued uncertainty surrounding the outcomes of the presidential elections. The CAD is up by 0.56% against the USD, with the …
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5 November 2020 6:27 pm
UK to Pump GBP 200 B in Stimulus Spending
The British Ministry of Finance is pumping GBP 200 billion in economic stimulus, Finance Minister Rishi Sunak announced on Thursday. This comes after the Bank of England announced that it has expanded its asset purchase program by GBP 150 billion. The move to purchase government debt will help the cabinet …
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5 November 2020 6:17 pm
US election: Trump Leads in Pennsylvania With 89% of Votes Tallied, 50.5% vs. 48.2%
US President Donald Trump has 50.5% and former Vice President Joe Biden has 48.2% in the battleground state of Pennsylvania with 89% of votes tallied so far, Reuters reported, citing the latest data from Edison Research.
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