With 99% of the estimated votes tallied in Georgia, there seems to be a flip in the expected outcome, as the former Vice-President Joe Biden takes the lead. President Trump lost footing in the battleground after his lead continued to narrow in the last hours.
Read More »Wall Street Rallies on Trump’s Iran Deal Optimism Despite Major Gaps in Reality
US markets surged to fresh record highs Friday after President Donald Trump signaled that a long-awa…
Euro Climbs as Hopes for US-Iran Deal Weigh on Dollar and Oil Prices
The euro strengthened against the US dollar on Thursday as growing optimism surrounding a potential …
Bitcoin Bounces Back to $74K as Iran Ceasefire Extension Lifts Risk Appetite: But $82K Peak Feels Far Away
Key Takeaways Bitcoin rebounds: The world’s largest crypto rose 0.8% to $73,736.6 after slidin…
Dollar Treads Water as Iran 60-Day Ceasefire Deal Eases Safe-Haven Demand: Tokyo CPI Miss Pressures Yen
Key Takeaways Dollar little changed: The DXY held near 99 in Asian trade after slipping 0.2% overnig…
Gold Treads Water as Iran Ceasefire Extension Hopes Battle Inflation Storm: PCE Hits 3-Year High
Key Takeaways Gold flat: Spot gold held steady at $4,495.9 per ounce, while gold futures edged down …
Oil Heads for 10% Weekly Crash as 60-Day Ceasefire Extension Report Slams Supply Fear Premium
Key Takeaways Prices ease further: Brent crude fell 0.5% to $93.24 per barrel, while WTI dropped 0.9…
Asian Markets Soar to Records on Ceasefire Extension Reports: Nikkei Hits All-Time High as AI Rally Powers On
Key Takeaways Record highs across Asia: Nikkei 225 jumped nearly 3% to an all-time high of 66,449.48…
Wall Street Soars on Hopes of a US-Iran Breakthrough
American stock markets surged to fresh record highs after growing speculation that tensions between …
BlackRock Stock Gains Wall Street Confidence as Analysts See More Upside Ahead
Shares of asset management giant BlackRock are drawing renewed optimism from Wall Street, despite th…
Sterling Shrugs Off Weak US Inflation as Markets Shift Focus to Bigger Storm Ahead
The British pound held firm against the US Dollar despite softer-than-expected American inflation da…
Market Analysis
November, 2020
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6 November 2020 1:34 pm
US Election: Biden Takes The Lead in Georgia, With 99% of Estimated Votes Tallied
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6 November 2020 1:12 pm
German Industrial Production Rose Less Than Expected in September on Covid-19 Fears
Data on Friday showed that German industrial production rose less than expected in September as the Coronavirus crisis curbed activity, in new evidence that the recovery from the pandemic shock is slowing down in Europe’s largest economy. Figures released by the Federal Statistics Office showed that industrial production increased 1.6% …
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6 November 2020 12:53 pm
Gold Falling With Dollar’s Rally, But Heading For Best Week in More Than 3 Months
Gold fell on Friday as the dollar rose, but the yellow metal is on track to record its best weekly performance since late July, thanks to hopes of more central bank support, as investors bet on a split in the US Congress under the presidency of Joe Biden. And gold …
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6 November 2020 12:49 pm
Oil Declining as Covid-19 Cases Rise And Vote Count Continues in America
US oil fell more than 2% on Friday, as new lockdown measures in Europe to stem the rise in Covid-19 cases fueled concerns about the outlook for demand, while markets remain in a state of tension due to the long-running US election counting. West Texas Intermediate crude fell $ 1.06, …
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6 November 2020 11:27 am
The Dollar Expecting More Losses on Continued Votes Count
The dollar stabilized against several currencies on Friday, but traders say it is likely to incur more losses as the controversial US presidential election dashes hopes of a major stimulus to support the economy anytime soon. Investors are betting that Democratic candidate Joe Biden will become the next president, but …
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6 November 2020 1:20 am
NYSE Closes Higher Despite Elections Uncertainty
The New York Stock Exchange (NYSE) closed Thursday higher, despite uncertainty about the results of the United States presidential elections. The Dow Jones Industrial Average increased by 542 points, or 1.95%, to close at 28,390.18 points. The S&P 500 gained 67.01 points, or 1.95%, and finished at 3,510.45 points. The …
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6 November 2020 12:40 am
Oil Settles Lower for First Time in Four Days
Oil prices declined on Thursday, after rising for three consecutive sessions, amid growing concerns about the COVID-19 pandemic. Brent crude futures for January delivery lost 30 cents, or 0.7%, to finish at $40.93 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December delivery closed lower by 36 cents, …
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6 November 2020 12:37 am
US Treasury Yields Mixed as Fed Hold Rates as Expected
Treasury yields in the United States showed a mixed performance on Thursday, as the Federal Reserve maintained interest rates near 0%. The 10-year Treasury yield declined by 0.2 basis points to 0.77%. Return on the 30-year bond decreased by 1.2 basis points to 1.537%. Meanwhile, the return on the two-year …
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6 November 2020 12:12 am
Gold Logs Highest Daily Gains since April
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 …
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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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