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Market Analysis

September, 2020

  • 14 September 2020 4:16 pm

    OPEC Monthly Report: The Global Economic Growth Forecast Reduced to -4.1% in 2020

    OPEC Monthly Report: Reducing global economic growth forecasts to -4.1% in 2020 The economic growth forecast for 2021 was left unchanged at 4.7% Reducing Forecast for global oil demand growth by 0.4 million barrels per day in 2020 Raising Forecast of growth in non-OPEC supplies by 360 thousand barrels per …

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  • 14 September 2020 3:01 pm

    Asian Stocks Closed Higher, Led by Japanese Stocks

    Asian stocks closed the Asian period higher with the support of Japanese stocks after SoftBank announced that it wanted to sell the shares of this company for $ 40 billion, and Nvidia sought to acquire the shares of this company, which led to the rise in SoftBank shares during Today’s …

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  • 14 September 2020 2:03 pm

    US Dollar Back to Decline, Eyes on Fed

    The dollar fell on Monday, September 14th against other major currencies, as a wave of mergers and acquisitions lifted sentiment in global stock markets as investors looked forward to a week crowded with events including the US Federal Reserve meeting and the appointment of a new Japanese prime minister. Attention …

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  • 14 September 2020 1:42 pm

    Turkey’s Industrial Production Accelerates

    Data showed Turkish industrial production rose 4.4% year-on-year in July, exceeding expectations and continuing to accelerate since the economy reopened in June following anti-Coronavirus closures. In a Reuters poll, industrial output was expected to grow 3% year-on-year in July. Compared to the previous month, production in the manufacturing sector rose …

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  • 14 September 2020 12:49 pm

    US Dollar Index Losing Some Steam and Approaching 93.00

    The US dollar index, which measures the strength of the greenback against a basket of currencies, started the week negatively from the major support level at 93.00. The index fell for the second session in a row on Monday, moving just above 93.00 in a somewhat risky environment. At the …

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  • 14 September 2020 12:31 pm

    Gold Rises on Dollar Weakness, Eyes on Fed

    Gold prices rose on Monday, September 14th, boosted by the dollar’s weakness, while investors are looking to the US Federal Reserve meeting this week to get indications regarding stimulus measures and inflation target. The gold spot rose 0.2% to 1944.69 dollars an ounce by 06:47 GMT. And gold in US …

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  • 14 September 2020 11:54 am

    Oil Rises by a Storm Threatening The Gulf of Mexico

    Oil prices rose today due to a tropical storm in the Gulf of Mexico, which forced companies to evacuate platforms and halt production. Still, the gains were limited by concerns about a glut in global supplies and a decrease in demand for fuel. By 06:29 GMT, US West Texas Intermediate …

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  • 14 September 2020 11:31 am

    Industrial Activity Declined in Japan

    Industrial activity in Japan declined in July, missing expectationsData released by the Japanese Economy Ministry on Monday showed that industrial activity in Japan decreased by -0.5% during July, expectations were for a rise of 0.6%. The Yen is currently trading at 105.97

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  • 14 September 2020 10:13 am

    PBOC Sets Yuan Reference Rate at 6.8361

    The People’s Bank of China (PBOC) has set the yuan reference rate at 6.8361 versus Friday’s fix at 6.8389.

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  • 14 September 2020 10:10 am

    FX Option Expiries For Sept 14 NY Cut

    FX option expiries for Sept 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts  1.1900 1.2bn – USD/JPY: USD amounts          106.50 555m106.69 444m

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  • 14 September 2020 10:06 am

    Weekly Recap 07-11 Sept

    There were many important events that affected the markets over the past week, such as the European Central Bank and Bank of Canada meeting with Brexit talks reaching a dead-end last week and the developments of the Corona vaccine as tensions continued between the United States and China. At its …

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  • 12 September 2020 1:22 am

    WSJ: US Economy Recovering Faster than Expected

    The United States economy is recovering at a pace that is faster than initially expected, a recent survey by The Wall Street Journal suggested. Participating economists and market experts are expecting the US gross domestic product (GDP) will achieve a growth rate of 23.9% during the third quarter (Q3) of …

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  • 12 September 2020 12:29 am

    UK, Japan Reach New Trade Agreement

    The United Kingdom (UK) has reached a trade agreement with Japan for the post-Brexit stage, which is the first of its kind for London, Reuters reported. Under the new deal with Japan, around 99% of British exports will be exempted from tariffs. Bilateral trade reached GBP 29.5 billion in 2018, …

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