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Gold prices rose on Friday, narrowing its weekly losses for the second week in a row. This comes amid the US Dollar recovering some of its recent losses after falling to its lowest level in two years. Gold futures marginally rose by 50 cents, or about 0.1%, and finished at …
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30 April, 2026 11:24 pm
Eric Trump’s $1 Million Bitcoin Claim Fuels Fresh Crypto Debate
Bitcoin is currently trading around the mid-$76,000 area, posting a modest daily gain of roughly 0.8…
30 April, 2026 11:14 pm
Cost Cuts Hold Volkswagen Afloat as China Slump Deepens
Volkswagen managed to steady its financial performance in the first quarter, leaning heavily on aggr…
30 April, 2026 10:07 pm
A Sound Decision: Powell Stays to Shield the Fed at a Critical Juncture
In a highly complex economic and political environment, Jerome Powell has chosen to remain on the Bo…
30 April, 2026 8:54 pm
Bank of England Holds Rates… but the Message Tilts Hawkish
The Bank of England kept interest rates unchanged at 3.75%, in a move that was widely expected but f…
30 April, 2026 8:06 pm
Gold Edges Higher on Softer Dollar, but Upside Remains Limited
Gold Gold posted a modest rebound on Thursday, recovering after recent losses as the US Dollar US Do…
30 April, 2026 7:28 pm
ECB Weighs Aggressive Monetary Tightening if Oil Remains Above $100
European Central Bank policymakers are increasingly leaning toward a tighter monetary stance this ye…
30 April, 2026 5:31 pm
Canadian Economy Stays Resilient: Manufacturing Powerhouse Drives Fourth Straight Month of Growth
Key Takeaways Steady momentum: Canada’s GDP rose 0.2% month-on-month in February, matching exp…
30 April, 2026 4:50 pm
ECB Holds the Line as Iran War Stagflation Threat Looms: Lagarde Warns of Worsening Energy Shock
Key Takeaways Rates held at 2%: The ECB kept its key deposit rate unchanged, sticking with a “…
30 April, 2026 3:59 pm
Bank of England Walks the Tightrope: Rates Held but Bailey Warns Hikes May Be Needed as Iran Oil Shock Fuels Inflation
Key Takeaways Rates held at 3.75%: The BOE voted 8-1 to keep its key bank rate unchanged, with one m…
30 April, 2026 1:50 pm
Meta Doubles Down on AI Spending Spree: Capex Soars to $145B as Stock Slides 8% on Cost Shock
Key Takeaways Stock takes a hit: Meta shares plunged as much as 8% in premarket trading after the co…
Market Analysis
August, 2020
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21 August 2020 10:04 pm
China Promises Following Trade Deal with US
The Chinese government has promised the United States to go through with the first phase of the trade deal between the world’s two largest economies, US Secretary of State Mike Pompeo said in a TV interview on Friday. “The Chinese have done some of the work they need to do …
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21 August 2020 9:55 pm
European Stocks Finish Lower on Negative Data
European stocks finished lower on Friday, after PMI data showed a decline in economic expansion in the Eurozone, reflecting challenges in the road to recovery from the impacts of the COVID-19 crisis. The Stoxx Europe 600 index closed lower by 0.21%, increasing its weekly losses to 0.9%. Meanwhile, the UK’s …
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21 August 2020 9:50 pm
EUR/USD Falls Following PMI Data
The IHS Markit flash composite purchasing managers’ index (PMI) for the Eurozone declined in August, to 51.6 from 54.9 in July, reflecting the challenging road for recovery facing economic activity in the European bloc. However, the index remained in the expansion territory above the neutral 50 reading. The data …
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21 August 2020 8:39 pm
US Oil Rigs Drops to Record Low
Oil rigs in the United States decreased by three rigs during the week ending on 14 August, data by Baker Hughes showed on Friday. The US oil rig count declined to a new record low at a total of 244 rigs last week. The continuous decrease in active oil rigs …
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21 August 2020 7:38 pm
New House Prices in Canada Rise for Third Month
New house prices in Canada increased for the third month in a row during July, data by Statistics Canada showed on Friday. The Canadian new house prices index increased last month by 0.4% on a monthly basis, and by 1.7% on an annual basis.
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21 August 2020 7:34 pm
Canadian Retail Sales Restore Pre-COVID Levels in June
Canadian retailer sales increased during the month of June by 23% to CAD 53 billion, recovering to its level in February prior to the COVID-19 crisis, according to data by Statistics Canada. Retail sales rose across all types of stores, with clothing retailers leading the rise with a 142.3% growth. …
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21 August 2020 6:54 pm
US Existing Home Sales Achieve Record Monthly Increase
Existing home sales in the United States grew by 24.7% to a seasonally adjusted annual rate of 5.86 million units in July, registering the second monthly consecutive monthly increase, as shown by data of the National Association of Realtors (NAR) on Friday. The June reading was revised to 4.70 million …
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21 August 2020 6:41 pm
Eurozone Consumer Sentiment Improves in August
Consumer confidence in the Eurozone improved during August by 0.3 points, according to preliminary data by the European Commission on Friday. The consumer morale index recorded -14.7 this month, up from -15.0 in July. For the European Union (EU), the consumer confidence increased by 0.1 points to -15.5.
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21 August 2020 6:01 pm
US: Markit Manufacturing PMI Improves to 53.6
The business activity in the US manufacturing sector is seen expanding at a robust pace in August with the IHS Markit’s advanced Manufacturing PMI rising from 50.9 in July to 53.6. This reading came in better than the market expectation of 51.9. Further details of the publication revealed that the …
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21 August 2020 5:51 pm
Oil Prices Rising as Producers Talk About Efforts to Cut Supplies
Oil prices rose, and is on the path of achieving gains for the third week in a row, as it was strengthened by the efforts of major crude producers to cut production in light of concerns about the economic recovery from the Coronavirus pandemic. US West Texas Intermediate crude futures …
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21 August 2020 5:03 pm
British Public Debt Exceeds 2 Trillion Pounds For The First Time
Britain’s public debt exceeded 2 trillion pounds ($ 2.65 trillion) for the first time, underscoring the challenge facing Finance Minister Rishi Sunak, who is under pressure to provide more emergency support for the economy ravaged by the coronavirus pandemic. Net debt in July, which excludes public banks, rose to £ …
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21 August 2020 4:09 pm
The Chinese President: We Will Strengthen Efforts to Make Progress in Major Technological Fields
China State TV reported that President Xi Jinping said his country would strengthen its efforts to make progress in key technological fields. China Central Television reported that Xi said during an inspection tour of the flood-hit Anhui province that the authorities would implement more support measures to help companies, stabilize …
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