European stocks fell as tourism stocks took a hit after Britain added more European countries to its list of quarantine areas for arrivals, while disappointing retail sales data from China raised doubts about the pace of the economy’s recovery. The pan-European STOXX 600 index fell 0.8%, but is on track …
Read More »Japan Has Every Reason for a Stronger Yen, So Why Won’t It Rise?
The Japanese yen is puzzling investors once again. On paper, the currency appears to have nearly eve…
JPMorgan’s Tesla U-Turn: From Longtime Skeptic to AI Believer
In one of the most striking reversals in recent years, JPMorgan has significantly changed its stance…
Iran Attacks Israel: Brent Crude Hits $94 as Energy Markets Brace for Shock
The uneasy calm that had settled over the Middle East has been broken. Following Israeli strikes nea…
The Great Money Migration: Why Investors Are Hiding in Cash While Watching Markets Closely
A Global Search for Safety: A quiet but powerful shift is unfolding across global financial markets.…
G7’s Highest Interest Rate Can’t Save the Pound: Why Investors Are Losing Confidence in Britain
For years, higher interest rates have been viewed as one of the strongest pillars supporting a curre…
Apple Unveils Smarter Siri at Annual Developer Conference: Major Upgrade to Apple’s Voice Assistant as AI Race Heats Up
Apple has unveiled a major upgrade to its voice assistant Siri during its annual global developer co…
Gold Edges Lower as Markets React to Global Tensions and Inflation Fears
Gold prices started the new week with a small decline, slipping slightly after recently trading at h…
Bitcoin at a Crossroads as Markets Weigh Fragile Recovery, Further Declines
Bitcoin is once again fighting to hold its ground above the critical $60,000 threshold after one of …
CPI Showdown: Can the Dow Jones Hold Gains as Inflation Risks Mount?
US stock markets began the week on uneven footing, with technology shares rebounding strongly from l…
Dollar Climbs to 2-Month High as Hot Jobs Data and Gulf Escalation Fuel Rate Hike Bets: Yen Hits Intervention Danger Zone
Key Takeaways Dollar at 2-month peak: The DXY edged up 0.1% to 100.17 — its highest since April 6 — …
Market Analysis
August, 2020
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14 August 2020 4:06 pm
Dollar Gaining Support on Coronavirus And Chinese Data
The dollar stabilized as a jump in US Treasury yields and a drop in sentiment due to weak economic data from China put an end to the global reserve currency sell-off. Retail sales in China continued to decline for the seventh month in July unexpectedly, and industrial production missed expectations, …
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14 August 2020 4:01 pm
Germany: Economy Will Grow Strongly in Q3
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 …
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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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