Browsing Category
Articles
Pelosi Deadline Looms for Pandemic Bill
Clock Ticks Away for Pre-Election Stimulus
The US dollar index continued its slide from the beginning of the week, as it closed 0.35% lower yesterday.
Fiscal stimulus negotiations continue to largely drive the direction of the US… Read More
Gold Catches a Bid on Stimulus Talks
The precious metal is attempting to pare losses as the US Congress is set to debate on the stimulus bill.
This has weakened the US dollar and the talks of fresh stimulus are pushing gold a bit higher. But gold is struggling near the… Read More
Oil Rises on OPEC+ Comments
Oil prices were trading bullish on Monday.
The gains come after OPEC+ chief reiterated that OPEC+ would not let oil prices to fall again.
Elsewhere, Russia is attempting to engage Saudi Arabia in fresh talks amid the current oil… Read More
GBPUSD Rises to 1.3000
The British pound sterling is once again attempting to breakout past the 1.3000 level of resistance.
However, prices are still being rejected above this level, as 1.3000 is proving a strong resistance level to break. This will most… Read More
EURUSD Rises on a Weaker Greenback
The euro is trading higher on Monday, largely thanks to the weaker US dollar.
The EURUSD is reversing losses after touching the 1.1700 support area.
The current pace of gains will see the common currency re-testing the 1.1800 level… Read More
Bank of America Sees Revenues Drop in Q3
Shares in US lender Bank of America, the second-biggest US bank by its assets, are trading a little lower pre-market on Monday. Last week, the US bank reported its third-quarter earnings. While the headline earnings per share figure was… Read More
Inflation & COVID: Sept CPI Change from UK, Canada, NZ & Japan
This week we have a series of important inflation data from major countries across the world.
We're getting to a critical juncture in the economic recovery from COVID that implies more attention is needed on CPI changes.
As mentioned… Read More
The Week Ahead: Patience is a Virtue
GBPNZD Trades in Range for Lack of Catalyst
Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run… Read More
Weekly Fundamental Bulletin: China GDP & Fed Speeches
Last week’s highlights
China exports rise in September
Economic activity in China continues to rise, with data for September coming in better than forecast.
Exports rose as industrial operations resumed, while imports also increased.… Read More
S&P500 Turns Flat for the Week
The equity traded bearishly for the most part of last week.
Following the gains from the week before, the S&P500 briefly rose to a one-month high before giving back the gains. The reversal also comes a few points shy of the all-time… Read More