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Market Analysis

September, 2020

  • 15 September 2020 8:48 pm

    Canadian Manufacturing Sales Rise 7% in July

    Manufacturing sales in Canada increased by 7% to $53.1 billion in July, data by Statistics Canada showed on Tuesday. This is the third monthly consecutive rise for Canadian manufacturing sales, which remain below their levels before the COVID-19 pandemic.

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  • 15 September 2020 8:42 pm

    NZD/USD Advances on Positive Economic Data

    The New Zealand Dollar (NZD) is rising against the US Dollar (USD) on Tuesday, after data showed an increase of the Global Daily Trade (GDT) Price Index. The GDT recorded a 3.6% increase this week, after falling by 1% in the week before. The NZD/USD is trading higher by 0.18% …

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  • 15 September 2020 8:37 pm

    GDT Records 3.6% Increase

    The Global Daily Trade (GDT) Price Index in New Zealand recorded a 3.6% increase this week, after falling by 1% in the week before, data showed on Tuesday.

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  • 15 September 2020 5:39 pm

    U.S. Industrial Production Expands by 0.4% in August

    Industrial Production in the United States expanded by 0.4% on a monthly basis in August, the US Federal Reserve reported on Tuesday. This reading followed July’s increase of 3.5% (revised from 3%) and came in worse than the market expectation of 1%. “Capacity utilization for the industrial sector increased 0.3 …

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  • 15 September 2020 5:07 pm

    Canada: Manufacturing Sales Increase by 7% in July

    Manufacturing Sales in Canada increased by 7% to $53.1 billion in July, the data published by Statistics Canada showed on Tuesday. This reading followed June’s 23% spike and came in worse than the market expectation of 8.7%.

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  • 15 September 2020 5:05 pm

    US: NY Empire State Manufacturing Index Improves to 17 in September

    The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey improved from 3.7 in August to 17 in September. This reading beat the market expectation of 6 by a wide margin. “The new orders index climbed nine points to 7.1, pointing to a modest increase in orders, and …

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  • 15 September 2020 5:02 pm

    German Investor Sentiment Rises Despite Brexit and Covid-19 Concerns

    Investor sentiment in Germany increased unexpectedly in September, the ZEW Institute for Economic Research said on Tuesday, indicating confidence in recovery from the Corona crisis despite concerns related to stalled Brexit talks and a spike in new cases of the virus. The index of economic sentiment for investors increased to …

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  • 15 September 2020 3:06 pm

    IEA: Recovery in Oil Demand Set to Slow for The Rest of 2020

    The International Energy Agency reduced its forecast for oil demand this year, indicating caution about the pace of the economic recovery from the Corona pandemic. The Paris-based agency lowered its forecast for 2020 by 200,000 bpd to 91.7 million bpd, the second cut of its oil demand forecast in several …

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  • 15 September 2020 2:54 pm

    Yuan Hits a 16-Month High After Chinese Data

    The Chinese yuan jumped to its highest level in 16 months against the dollar on Tuesday, September 15th after Chinese data indicated an economic recovery after isolation measures due to the Corona pandemic, while the US dollar fell as risk appetite improved. Chinese industrial production accelerated and retail sales grew …

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  • 15 September 2020 1:49 pm

    Oil Falls as Demand Concerns Continue to Weigh on Market

    Oil prices fell on Tuesday, September 15th, as a result of concerns about a slow recovery of global demand for fuel that has been hit by the Coronavirus pandemic, in light of a warning about pessimistic expectations from major oil producers. Brent crude fell four cents, equivalent to 0.1%, to …

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  • 15 September 2020 12:21 pm

    Japan Shares Lower on Strong Yen And Profit-Taking

    Japanese shares closed lower on Tuesday, September 15th as the strong yen pressured export companies and investors profit-taking following a three-day rally ahead of the country’s ruling party elections that chose Yoshihide Suga, an ally of outgoing Prime Minister Shinzo Abe, as the new leader. The Nikkei index closed down …

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  • 15 September 2020 12:07 pm

    Gold Hits Its Highest Level in Nearly Two Weeks on Falling Dollar

    Gold reached its highest level in nearly two weeks Tuesday on September 15th in light of the dollar’s weakness and as investor interest turned to the US Federal Reserve meeting in search of details regarding its plans to keep interest rates low while aiming to raise the rate of inflation. …

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  • 15 September 2020 11:16 am

    UK Unemployment Rate Rises For The First Time Since The Restrictions

    Official data showed that the unemployment rate in Britain rose for the first time since the imposition of general isolation measures to combat the Coronavirus in March. The Office for National Statistics said the unemployment rate increased to 4.1% in the three months ending in July from 3.9% between April …

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