GBP traders have seen plenty of volatility this week with GBP sinking lower over the first half of the week. The sell-off comes despite the governor of the Bank of England Andrew Bailey making an...
UK PM Announces New COVID Restrictions
The British pound has come under heavy selling pressure this week as the country prepares for the start of the new set of COVID-19 restrictions announced by Boris Johnson yesterday. The UK PM has been...
Daily Market Outlook, September 23, 2020
Asian equity market is mostly higher this morning following yesterday’s modest gains in Europe and the US. The New Zealand central bank left interest rates unchanged at its latest monetary policy...
S&P 500: Are Bears Still Holding Their Grip?
European markets bounced up after decline on Monday by almost 5%, US futures erase losses after relatively weak Tuesday start. Solid buying momentum in European session appears to be driven purely by...
Are Economy and Markets on Their own Again?
I wrote about consolidation and potential bearish breakthrough of stock indexes on Friday as we’ve got a kind of “void” after the Fed meeting and due to stalling fiscal talks. The Fed issued a gentle...
Key economic reports and events of the week ahead
Monday, 21 September 2020On Monday, the most important event will be the speech of the head of the Fed, Jeremy Powell. It’s unlikely that we’ll hear something really unexpected, as the inflation...
US-China Investment Landscape Deteriorates, no Improvement in Sight
Investment between the U.S. and China fell to a nine-year low in the first half of 2020 amid tensions between the two countries, the study found. Investment, including direct investment by companies...
Stocks Retreat After the Fed is Likely Temporary and Here is Why
US futures appear to be freezing with indecision as chances are slimming to obtain bullish catalysts from the US eco data or the Fed policy. The US central bank was pretty transparent at signaling...
Trading Idea on Gold: Will the Fed Fuel Further Rally?
European stocks remain in consolidation mode since the end of last week, which is not the case for the US equity markets, where the “buy-the-dip” army of market players are propelling a rebound....
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