About: anakin
Recent Posts by anakin
JUN 22,2020
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 first Continue Reading
Written on June 22, 2020 at 1:56 am
Categories: Today's Analysis
JUN 19,2020
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
Written on June 19, 2020 at 2:04 am
Categories: Today's Analysis
JUN 18,2020
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
Written on June 18, 2020 at 1:56 am
Categories: Today's Analysis
JUN 17,2020
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
Written on June 17, 2020 at 1:53 am
Categories: Today's Analysis
JUN 16,2020
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
Written on June 16, 2020 at 1:50 am
Categories: Today's Analysis
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