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Market Analysis

December, 2020

  • 21 December 2020 9:57 pm

    Canada’s New Housing Prices Rise in November

    Canada’s New Housing Price Index showed that new home buyers saw prices rise by 0.6% in November. New single-family house prices increased by 3.7% since the beginning of the pandemic in March, according to Statistics Canada. On the national level, new house prices went up by 4.6% on an annual …

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  • 21 December 2020 8:00 pm

    European Stocks Decline on New Coronavirus Variant Fears

    European stocks plunged on Monday, opening the week with a negative performance amid fears about a new variant of the Coronavirus. The pan European STOXX 600 index closed lower by 2.3%. Meanwhile, the UK’s FTSE100 finished lower by 1.73%. In Germany, the DAX index plummeted by 2.82%, while in France …

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  • 21 December 2020 7:14 pm

    Eurozone Consumer Confidence Indicator Improves to -13.9 in December

    The Consumer Confidence Indicator for the Eurozone rose by 3.7 points to -13.9 in December from -17.6 in November, the advanced data published by the European Commission showed on Monday. This reading came in better than analysts’ estimate of -16.8.

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  • 21 December 2020 6:47 pm

    The Central Bank of Russia: Banking Sector Profits Fall on a Monthly Basis in November

    Russia’s central bank said on Monday that profits in Russia’s banking sector fell to 149 billion rubles ($ 1.98 billion) in November from 170 billion in October. The central bank added that Russian banks achieved profits of 1.4 trillion rubles in the eleven months of 2020. Russia’s credit rating agency …

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  • 21 December 2020 5:44 pm

    US: Chicago Fed National Activity Index Drops to 0.27 in November

    The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined from 1.01 (revised from 0.83) in October to 0.7 in November. Forty-nine of the 85 individual indicators made positive contributions to the CFNAI in November, while 36 made negative contributions

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  • 21 December 2020 5:43 pm

    Russia to Suspend Flights With UK Amid Mutated Virus Fears

    Russia will halt all flights with Britain from midnight Tuesday, joining the growing list of countries to suspend air travel with the country amid concerns of a more-infectious coronavirus strain found there.

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  • 21 December 2020 5:20 pm

    EXMO gets hacked, about 5% of the total assets lost

    EXMO gets hacked, about 5% of the total assets lost

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  • 21 December 2020 4:30 pm

    Saudi Arabia Suspend Foreign Travel Over Mutant Virus

    Saudi Arabia and Oman halted international flights and closed their borders for a week over fears about the fast-spreading new strain of the coronavirus. The Kingdom also added that all international flights for travelers – except in exceptional cases – will be suspended temporarily for a week, which can be …

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  • 21 December 2020 4:21 pm

    UK Retail Sales Rise Ahead of Christmas

    A survey on Monday showed that UK retail sales rebounded in December with restrictions on stores eased and consumers buying food and other essentials before Christmas, but the outlook for January is the worst since summer. The monthly report of the Confederation of British Industries showed that the balance of …

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  • 21 December 2020 3:30 pm

    Hong Kong Bans Travel to Britain

    Hong Kong has banned all flights from the United Kingdom starting at midnight local time on Monday, becoming the first city in Asia to announce such a halt after the discovery of a new highly pathogenic strain of coronavirus in Britain. Health Minister Sophia Chan said stricter measures are needed …

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  • 21 December 2020 2:50 pm

    New Strain of Coronavirus Putting Pressure on Pound

    The British pound and the euro fell on Monday, as investors searched for a safe haven in the dollar after a new fast-spreading strain of the Coronavirus caused the closure of most parts of Britain and disrupted international shipping activity in light of the fog surrounding Brexit from the European …

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  • 21 December 2020 2:30 pm

    GBP/USD Collapses Below 1.32

    GBP/USD has collapsed below 1.32, down some 320 pips on the day. The new covid strain in the UK causing a massive sell-off amid European travel bans and potential supply-chain issues ahead of Christmas. 

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  • 21 December 2020 2:08 pm

    French Health Minister: The Covid-19 Vaccine Supposed to Protect Against The New Strain

    French Health Minister Olivier Ferrand said that the current vaccines should protect against a new strain of the virus that recently appeared in Britain, adding that “in theory” there is no reason to believe that the vaccine will not be effective. “ Ferrand indicated that the new strain may have …

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