“Germany’s economy will gradually recover after a historic slump due to the coronavirus pandemic and will likely return to last year’s level at the end of 2021,” economic institute IFO said on Wednesday, according to Reuters. IFO sees GDP contracting by 11.9% in Q2 on a quarterly basis and to …
Read More »Euro Bounces Back: Easing Global Tensions and Looming Inflation Data Shift Currency Markets
The Euro is staging a notable recovery against the US Dollar, snapping back from its recent two-mont…
Fed Rate Cuts Fade as Inflation Pressures Persist Amid Global Conflicts
Hopes for a new round of U.S. interest rate cuts are rapidly fading as inflation remains stubbornly …
Gold Under Pressure: Why High Interest Rates Are Keeping the Precious Metal Grounded
Gold is finding itself in a difficult position. Despite a weaker US Dollar, the precious metal is st…
Dollar Eases From 2-Month High as Ceasefire Holds and CPI Looms: Indonesia Shocks With Emergency Rate Hike
Key Takeaways Dollar pulls back: The DXY dipped 0.1% to 99.93, just below Monday’s two-month p…
Bitcoin Slides 2.5% as ETF Outflows Continue: Strategy’s $101M Buyback Signals Confidence Despite Debt Pressures
Key Takeaways Bitcoin falls: The world’s largest crypto slid 2.5% to $62,261.4, steadying afte…
Wall Street Futures Rise as Trump Sees Iran Deal “Within Days”: AI Rally Stabilizes as Oil Slides Below $93
Key Takeaways Futures advance: Dow futures rose 129 points (+0.3%), S&P 500 futures gained 0.4%,…
Gold Steadies Near 11-Week Low as Iran-Israel Pause Eases Pressure: CPI Data Could Be the Turning Point
Key Takeaways Gold little changed: Spot gold edged up 0.1% to $4,333.40 per ounce, while gold future…
European Stocks Drift as Israel-Iran Pause Eases Nerves: ECB Rate Hike Looms Thursday as Inflation Battle Rages
Key Takeaways Mixed open: The Stoxx 600 was mostly unchanged, Germany’s DAX dipped 0.1%, Franc…
Oil Falls 1.5% as Israel-Iran Agree to Pause Strikes: Trump Claims “Total Victory” as Peace Talks Resume
Key Takeaways Oil retreats: Brent fell 1.2% to $93.08 per barrel, while WTI declined 1.5% to $89.89 …
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…
Market Analysis
July, 2020
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1 July 2020 2:13 pm
Eurozone PMI Manufacturing Finalized at 47.4
Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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