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Market Analysis

July, 2020

  • 15 July 2020 2:52 pm

    Trump Ends Preferential Economic Treatment for Hong Kong

    US President Donald Trump has signed an order to end preferential economic treatment for Hong Kong, after China enacted a new security law there. Hong Kong would be treated “the same as mainland China”, Trump said. He also signed a law to impose sanctions on officials who cracked down on …

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  • 15 July 2020 2:28 pm

    US Stocks Set to Open Higher

    US stocks were set to open higher supported by news of the success of Covid-19 vaccine by Moderna in clinical trials. Dow Jones futures fell 253 points or 1.0%, while the Nasdaq 100 futures rose 0.4% and the S&P 500  0.7%. (10:15 GMT). It’s a heavy day for US in …

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  • 15 July 2020 1:47 pm

    Spanish PM sees “very difficult hours ahead”

    Spanish Prime Minister Pedro Sánchez said on Wednesday that he sees “very difficult hours ahead.” Spanish Prime Minister Pedro Sánchez and Swedish Prime Minister Stefan Löfven met for talks before the European Union summit. The economy of Spain is one of the most affected economies in the European Union from …

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  • 15 July 2020 1:26 pm

    Bitcoin Stay Steady

    Bitcoin continues to trade in a limited range on Wednesday for the sixth consecutive session and settles near $ 9210 levels. The cryptocurrency was between 9350 and 9050 dollars in the past four sessions. At the moment, bitcoin fell on a daily basis by about 0.42% in the 9210 area. …

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  • 15 July 2020 12:27 pm

    European Stocks Higher on Hopes of Vaccine And fund

    European stock markets Trading higher on Wednesday as investors are optimistic about Covid-19 vaccine with expectations that the European Union summit will lead to more stimulus.In the European morning, the German DAX rose 0.7%, FTSE 100 in the UK rose 0.9%, while french CAC 40 rose 0.9%. Moderna’s Covid-19 vaccine, …

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  • 15 July 2020 11:51 am

    Euro at its Highest Level in 4 Months

    The euro rose during the European morning, hitting its highest level in four months after increasing demand with Federal Reserve Governor Lil Brainard hinted that the US needed an easier monetary policy. EUR/USD rose 0.1% to 1.1408, after reaching its highest level since March 10 at 1.1423 earlier in the …

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  • 15 July 2020 11:28 am

    Oil Rises After a Drop in US Crude Stocks, Eyes on OPEC

    Crude oil prices rose on Wednesday after a sharp drop in US crude inventories as markets eyeing OPEC meeting later in the day on the future level of production cuts. Brent crude futures rose 19 cents, or 0.4%, to $ 43.09 a barrel, while West Texas Intermediate (WTI) futures rose …

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  • 15 July 2020 10:57 am

    UK Inflation Rises Unexpectedly in June

    Official data released today in the United Kingdom showed that British inflation rose unexpectedly in the previous month as the Office for National Statistics said that consumer price inflation rose to 0.6% in June from 0.5% in May. A Reuters poll had expected the rate to drop to 0.4%. Core …

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  • 15 July 2020 10:23 am

    UK Bans Huawei’s Equipment From 5G Networks

    The United Kingdom said on Tuesday that they will ban China’s Huawei gear from UK’s 5G networks, starting at the end of 2020, as it poses a major threat to the country’s security. “The NCSC (National Cyber Security Centre) has now reported to ministers, that they have significantly changed their …

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  • 15 July 2020 10:21 am

    FX Option Expiries for July 15 NY Cut

    FX option expiries for July 15 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1290 601m1.1350 681m1.1400 1.7bn1.1450 824m – USD/JPY: USD amounts          107.00 755m107.25 709m107.30 473m

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  • 15 July 2020 1:20 am

    Biden Proposes $2 T Climate Action Plan

    The Democratic Party’s candidate to the US 2020 Presidential Elections is proposing a plan to combat climate change with investments of $2 trillion in four years. Joe Biden’s plan focuses on investments in renewable energy sources and eliminating carbon emissions from power generation to zero by 2026. The strategy proposed …

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  • 15 July 2020 1:13 am

    Dow Rises for Third Day in Row

    The New York Stock Exchange (NYSE) indices surged on Tuesday, with the Nasdaq recording its third consecutive daily rise, while the Dow and S&P 500 recovered their losses on Monday. The Dow Jones Industrial Average added 2.13% or 556.8 points to settle at 26,642.59. Meanwhile, S&P 500 and the Nasdaq …

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  • 15 July 2020 12:29 am

    Bullard: Right Moves Could Lower Unemployment

    The unemployment rate in the United States could significantly decline over the coming months if proper policies are adopted, according to the President of the Federal Reserve Bank of St. Louis, James Bullard. Bullard remarks came following remarks by his Richmond counterpart that “there is a complicated brew of what’s …

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