Oil fell more than 2% on Monday, extending last week’s losses in light of the growing cases of Covid-19 disease in the United States and Europe, which raises concerns about the demand for crude, especially in light of the chances of increases in supply. Brent crude was down $ 1.25, …
Read More »Oil Crashes 15% as Iran Ceasefire Sparks Massive Supply Relief
Oil prices plunged sharply on Wednesday after Donald Trump agreed to a two-week ceasefire with Iran,…
Markets Surge as Trump Delays Iran Strikes, Ceasefire Momentum Builds
A dramatic shift in geopolitical tensions sparked a strong market reaction after Donald Trump announ…
Fed Signals, Inflation Pressure Rattles Markets as Dollar Slides
Global markets navigated another turbulent session, with investors closely watching inflation signal…
Two-Week Lifeline: Wall Street Caught Between Airstrikes and Last-Minute Diplomacy
Global markets closed in a fragile and conflicted state Tuesday, as investors balanced two powerful …
Deal or Disaster? High-Stakes Iran Talks Race Against the Clock
A sense of cautious progress has emerged in the latest round of U.S.–Iran negotiations, but the path…
Markets on Edge: FOMC Signals and Oil Data Set the Tone for a Critical Wednesday
Global markets are heading into a decisive session as investors brace for fresh signals from the Fed…
Beyond Hormuz: How Global Trade Is Breaking Free from a Historically Strategic Chokepoint
The world’s reliance on the Strait of Hormuz—a narrow 21-mile maritime corridor—has long been a sile…
Gold and Silver Juggle Volatility as Iran Deadline Looms
Global markets remain on edge as gold and silver trade in choppy ranges amid escalating geopolitical…
Dow Slides as Oil Rockets Around $116 Amid Iran Tensions
Markets tumbled on Tuesday as investors braced for a critical deadline in the escalating US-Iran con…
France’s Quiet Gold Exit From the U.S. Yields Massive Billions
France has completed a major restructuring of its gold reserves, bringing a portion of its holdings …
Market Analysis
October, 2020
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26 October 2020 5:02 pm
Japanese Stocks Closed Lower on Caution Over Corporate Results
Japanese stocks fell on Monday, as investors exercised caution ahead of a series of reports of company results, while sentiment was negatively affected by the growing cases of Coronavirus around the world. The benchmark Nikkei index fell 0.09% to 23,494.34 points, while the broader TOPIX index fell 0.39% to 1618.98 …
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26 October 2020 4:04 pm
Dollar Rising Against Riskier Currencies as Hopes For US Stimulus Fade
The dollar rose on Monday, as Traders proceeded to be cautious due to the increasing cases of Coronavirus in Europe and the United States, as well as the lack of progress in the US economic stimulus package. US House of Representatives Speaker Nancy Pelosi said on Sunday that she expected …
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26 October 2020 3:03 pm
Turkish Lira in All-Time Low
The Turkish lira fell against the US dollar below the 8 for the first time, with doubts surrounding the efforts of the Turkish Central Bank to support the Turkish currency with the escalation of geopolitical tensions. The Turkish lira fell 1.2% to $ 8.0088 on Monday, the largest decline compared …
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26 October 2020 2:12 pm
German IFO Business Climate Index Misses Estimates
The headline German IFO Business Climate Index came in at 92.7 in October, weaker than last month’s 93.2 while missing the consensus estimates pointing to a reading of 93.0. On the other hand, the IFO Expectations Index – indicating firms’ projections for the next six months, came in at 95.0 for …
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26 October 2020 1:40 pm
Italy Records More Than 21,000 New Cases of Coronavirus, Largest Daily Jump
Data released by the Ministry of Health in Italy on Sunday, October 25, showed a new record in the number of new cases of Coronavirus in one day, as it detected 21,273 cases and 128 deaths, while the government tightened restrictions further in an attempt to contain the expanding outbreak. …
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26 October 2020 12:23 pm
Gold Dropping on USD Strength And Doubts About US Stimulus
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 …
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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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