About: anakin

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 its Continue Reading

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 thinking Continue Reading

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 record Continue Reading

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 buying Continue Reading

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’s Continue Reading