Monthly Archives: June 2020

JUN 26,2020

Written on June 26, 2020 at 1:57 am, by

Market Focus US Initial Jobless Claims printed 1.48 million in the week ended June 20. This figure came below forecast of 1.3 million, nonetheless recorded a 13th consecutive weekly declines since April. GDP stayed put at -5% for the first quarter, the lowest reading since June 2009. May’s Core Durable Goods Orders rebounded to 4%Continue Reading

JUN 25,2020

Written on June 25, 2020 at 1:17 am, by

Daily Market Analysis Market Focus Risk-off sentiment across the globe navigates the foreign exchange market’s fluctuation on Wednesday. With the rising coronavirus cases in the U.S., concerns over the recovery of the global economy has driven Dow Jones, Nasdaq, and S&P 500 down on Wednesday, approaching key support indicators. At the same time, UK healthContinue Reading

JUN 24,2020

Written on June 24, 2020 at 1:47 am, by

Market Focus A little drama took place this morning where White House adviser said the trade deal between China and US was over. US index plunged in a brief moment, but immediately rebounded after President Donald Trump tweeted and clarified “the China Trade Deal is fully intact. Hopefully they will continue to live up toContinue Reading

JUN 23,2020

Written on June 23, 2020 at 1:53 am, by

Daily Market Analysis Market Focus After the US data in existing home sales was released, which failed to achieve market expectation, the US dollar’s weakness has navigated the global currency markets’ fluctuation on Monday. Additionally, the US equities markets reject coronavirus fears to focus on the positives with the bulls remaining in charge, as aContinue Reading

JUN 22,2020

Written on June 22, 2020 at 1:56 am, by

GOLD The price of gold has traded to fresh yearly highs during every single month so far in 2020, and it remains to be seen if the bullish behavior will persist as the rebound from the monthly low (1671) fails to produce a break of the monthly high (1746), which took place during the firstContinue Reading

JUN 19,2020

Written on June 19, 2020 at 2:04 am, by

Daily Market Analysis Market Focus U.S. shares resumed fluctuating going into the close of trading with investors weighing the latest economic data and reports about fresh outbreaks of the coronavirus. Elsewhere, the Stoxx Europe 600 declined. BOE’s Rate Decision: the BoE expanded its bond-buying program to counter the coronavirus slump but kept some of itsContinue Reading

JUN 18,2020

Written on June 18, 2020 at 1:56 am, by

Daily Market Analysis Market Focus Fed’s Chief Powell testifies before Congress for a second consecutive day. Among other things, he claimed that the central bank stands ready to do more to aid the economic recovery if more needs to be done. He also added that “it will be a while before the Fed starts thinkingContinue Reading

JUN 17,2020

Written on June 17, 2020 at 1:53 am, by

Daily Market Analysis     Market Focus Stocks rose for a third day as optimism over a recovering U.S. economy overrode concern that coronavirus cases are worsening in locations ranging from Texas to China. Treasury yields rose and the dollar strengthened. At the same time, U.S. reports showed it retail sales soared by a recordContinue Reading

JUN 16,2020

Written on June 16, 2020 at 1:50 am, by

Daily Market Analysis Market Focus The dollar swung at equities’ rhythm this Monday. The greenback benefited from safe-haven demand throughout the first two sessions of the day, amid concerns of a second wave of coronavirus contagions across US states and Chinese cities. However, during the US session, the Fed announced that it would begin buyingContinue Reading

JUN 15,2020

Written on June 15, 2020 at 4:23 am, by

GOLD Gold markets went on a rally during the week, wiping out the loss from the previous week. However, the market entered a phase of consolidation since Wednesday and has been going up and down between 1723 and 1745 for the remaining of the week. As a market that is quite volatile, the current gold’sContinue Reading

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