The Economy Ministry said that Germany’s economy, which has been hit hard by the Coronavirus pandemic, will grow strongly in Q3 but that a full recovery will take a long time. The ministry added in its monthly report that Europe’s largest economy has been recovering since May thanks to easing …
Read More »Markets Rally as U.S.-Iran Ceasefire Eases Hormuz Stranglehold
European stocks surged Wednesday, mirroring gains across Asian equities and U.S. futures, as investo…
Ceasefire Opens a Window: Starmer Heads to the Middle East to Lock In Strait of Hormuz Security
UK Prime Minister Keir Starmer has departed for the Middle East on a high-stakes diplomatic mission …
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…
Market Analysis
August, 2020
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14 August 2020 1:53 pm
French Government: Paris is a High-Risk Area Again
According to a decree published on Friday, the French government has declared the capital, Paris, and the Bouches-du-Rhone region around Marseille on the Mediterranean coast, “red” areas where the chances of infection with the Coronavirus are high. The decree gives local authorities the power to control the movement of people …
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14 August 2020 1:12 pm
Oil Rising, Heading Towards Weekly Increase, in Light of Hopes of a Recovery in Fuel Demand
Oil prices rose, and is on track to achieve gains for the second week in light of the growing confidence that demand for fuel has started to rise despite the Coronavirus pandemic that is ravaging economies around the world. Before the Tokyo Stock Exchange closed, Brent crude rose 14 cents, …
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14 August 2020 12:05 pm
Retail Sales in China Drop Unexpectedly in July, Industrial Production Growth is stable
Retail sales in China fell in July, disappointing expectations for a moderate increase, as consumers in the world’s second-largest economy failed to unleash caution about the Coronavirus, while the factory sector’s recovery struggled to increase its pace. Asian markets fell today after a disappointing set of economic indicators, which raises …
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14 August 2020 10:39 am
Russian Health Minister: COVID-19 Vaccine Trials Data to be Published in Coming Days
Citing Russia’s Health Minister Mikhail Murashko, TASS news agency reports on Friday, the government will publish data/ details about the coronavirus vaccine trial in the coming days. On Wednesday, Murashko said the first batch of the vaccine against coronavirus is expected to be released within two weeks. The World Health Organization (WHO), however, …
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14 August 2020 10:24 am
FX Option Expiries For Aug 14 NY Cut
FX option expiries for Aug 14 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1700 544m1.1750 1.1bn1.1800 988m1.1825 1.1bn1.1850 1.1bn1.1900 2.1bn1.1950 653m – USD/JPY: USD amounts 105.50 579m105.85 452m106.00 907m – AUD/USD: AUD amounts 0.7100 712m – USD/CAD: USD amounts 1.3175 1.2bn1.3200 501m1.3250 1.5bn …
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14 August 2020 12:50 am
U.S. Satisfied With Progress on Trade Deal with China
The Trump administration is satisfied with the progress made in applying the first phase of the trade deal between the United States and China, according to White House economic adviser Larry Kudlow. Kudlow, the Director of the National Economic Council, told Fox News on Thursday that the U.S. Trade Representative, …
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14 August 2020 12:47 am
Biden Calls for Mandatory Face Masks Across US
Former Vice President of the United States and the Democratic Candidate for the 2020 Presidential Elections, Joe Biden, has called for a mandate the obligates all Americans to wear face masks, as a preventive measure against the COVID-19 pandemic. This could save around 40,000 lives, according to estimates by experts, …
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14 August 2020 12:35 am
Oil Down 1% on Negative Demand Forecasts
Oil prices settled lower on Thursday after a mixed performance, on the back of expectations of a slump in the global demand for crude oil this year. This comes one day after crude prices surged due to a more than expected decline in U.S. oil stockpiles. Brent crude futures for …
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14 August 2020 12:10 am
Gold Settles Higher For Second Day
Gold prices rose on Thursday, after a brief correction movement on Tuesday, surging by as much as 2.5% after data showed that jobless claims in the United States fell below one million for the first time since March. However, the yellow metal is yet to restore the $2,000 an ounce …
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13 August 2020 9:51 pm
Ethereum Average Transaction Fees at Record High
The average fee for Ethereum transaction increased to a new record high of $7.50, Coin Telegraph reported. The rise in fees is attributed to increased interaction with stablecoins on the Ethereum network. Ethereum rose by around 2.47% during the past 24 hours, as it is now trading at $394.68.
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13 August 2020 9:27 pm
Kudlow Expects Single Digit Unemployment Rate
White House economic adviser and the Director of the National Economic Council, Larry Kudlow, expects unemployment rate in the United States to fall below 10% in August. Besides the single-digit unemployment rate, Kudlow says the U.S. economy growing in the third quarter (Q3) by 20%, Reuters reported. “The key point …
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13 August 2020 8:39 pm
European Stocks Settle Lower
European stocks closed lower on Thursday, due to negative earnings reports by a number of major listed companies. The Stoxx Europe 600 index declined by 0.46%, while FTSE100 dropped 1.50%. In France, the CAC40 index settled lower by 0.61%, while the German DAX fell by 0.50%.
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