Gold prices rose and on track to achieve gains for the second week in a row thanks to the weak dollar as weak jobs data in the United States negatively affected hopes for the economic recovery. Gold rose in spot trading 0.6% to 1953.70 dollars an ounce with the opening …
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
September, 2020
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18 September 2020 2:40 pm
Turkish Lira Hits a Fresh Low Against US Dollar
The Turkish lira fell to a fresh low against the dollar, as investors focused on the possible steps of the central bank to tighten monetary policy ahead of a policy meeting next Thursday. Lira touched a low of 7.5660, retreating from Thursday’s close of 7.5595. The Lira has fallen more …
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18 September 2020 2:32 pm
Eurozone Current Account Surplus Shrank in June
Data from the European Central Bank showed that the revised current account surplus of the 19 Eurozone countries shrank to 16.6 billion Euros in July from 20.7 billion Euros in June, as a decline in the primary income account eroded the impact of an increase in the trade surplus. In …
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18 September 2020 1:49 pm
US Dollar on Track to Post Weekly Loss
The dollar held on to narrow trading ranges. Still, it was heading towards a weekly loss against the major counterpart currencies, after negative data cast doubt on the economic outlook, while positive comments from the Minister of Finance in New Zealand helped support the country’s currency. The dollar gave up …
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18 September 2020 12:55 pm
50% of German Companies Expect Weaker Outlook for The Economy
A survey showed that about two-thirds of medium-sized companies in Germany have become, after the Corona crisis, determined to enhance their use of digital means such as videoconferencing, at a time when they are facing a difficult future for their performance. The results indicated that more than half of these …
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18 September 2020 12:00 pm
Oil is Rising as Goldman Forecasts a Deficit and a Possible New Storm in The Gulf of Mexico
Oil prices rose for the fourth session in a row as Goldman Sachs estimates that the market is in a deficit and a new storm has begun to form in the Gulf of Mexico, putting crude on the path of achieving a weekly gain of about 10%. After the Tokyo …
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18 September 2020 10:55 am
UK Retail Sales Continued to Recover at a Rapid Pace in August
Official figures showed that UK retail sales continued to post gains last month, as parts of the sector recovered faster than most of the economy. The Office for National Statistics said retail sales volumes rose 0.8% in August, slightly more than the median forecast of 0.7% in a Reuters poll. …
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18 September 2020 10:53 am
PBOC Sets Yuan mid-point at 6.7591
The People’s Bank of China has set yuan mid-point at 6.7591 / DLR vs last close 6.7642. China’s central bank also says it set the 14-day reverse repo rate at 2.35% vs 2.35% previously.
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18 September 2020 10:52 am
FX Option Expiries For Sept 18 NY Cut
FX option expiries for Sept 18 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1750 980m1.1800 753m1.1850 758m1.1900 1.0bn1.1950 1.3bn – USD/JPY: USD amounts 104.00 500m104.50 585m105.25 971m105.50 1.1bn – AUD/USD: AUD amounts 0.7300 2.4bn – USD/CAD: USD amounts 1.3050 875m1.3100 551m1.3160 653m1.3200 574m1.3250 …
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18 September 2020 1:59 am
NYSE Closes Lower as Market Digests Fed Policy Statement
The New York Stock Exchange (NYSE) closed Thursday lower with the market digesting the effect of the Federal Reserve’s decision to maintain interest rates near 0%, a move that would probably continue until 2023. The Dow Jones Industrial Average declined by 130.40 points, or 0.4%, to close at 27,901.98 points. …
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18 September 2020 1:51 am
US Treasury Yields Down Following Fed Statement
US Treasury yields declined on Thursday, after the Federal Reserve vowed on Wednesday to maintain interest rates near 0% for three years. Return on the 10-year bonds declined by 0.4 basis points to 0.682%. Yields on the 30-year bonds decreased by 1.9 basis points to 1.428%. Meanwhile, the yield on …
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18 September 2020 1:41 am
OECD Sees World Economy Growing by 5% in 2021
The Organization for Economic Cooperation and Development (OECD) improved its expectations for the global economy during 2020, expecting a 4.5% contraction, compared with 6% in June. This comes due to improved outlooks for the world’s two largest economies, the United States and China, and supported by recent economic data. However, …
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18 September 2020 1:28 am
US Fed Buys $25.7 B Mortgage Bonds
The Federal Reserve purchased $25.682 billion worth of mortgage-backed securities this week, compared with $29.69 billion last week, data by the Federal Reserve Bank of New York showed on Thursday.
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