The U.K. has one of the largest economies in the world. However, a no-deal Brexit has the potential to cause serious problems for local as well as foreign companies. According to the European Commission, President Ursula von der Leyen, talks will be extended beyond Sunday’s deadline. It is worth noting that, she spoke with British …
Oil prices were up on Monday, pushing Brent back above $50 a barrel. It was supported by hopes that a rollout of COVID-19 vaccines will lift global fuel demand. At the same time, a tanker explosion in Saudi Arabia jangled nerves in the market. By 0730 GMT, Brent crude futures for February rose 67 cents, …
Oil Prices Up on Vaccine and Tanker Blast in Saudi Arabia Read More »
The dollar headed lower in early European forex trade on Monday, in hopes for a fiscal stimulus package. Traders were looking forward to Congress finally agreeing on a fiscal stimulus package ahead of the Federal Reserve’s policy meeting. At 3:50 AM ET (0750 GMT), the Dollar Index was down 0.4% at 90.562. It was trading …
Dollar Weakens Ahead of Stimulus Talks; Pound Strengthens Read More »
Gold was up on Friday morning in Asia’s precious metals over disappointing jobs data from the U.S. and stimulus uncertainty. In addition, Brexit talks concern remains. By 12:47 AM ET (4:47 AM GMT), gold futures were up 0.23% at $1,841.70. The dollar was down on Friday. Usually, it moves inversely to the yellow metal. Markets …
The dollar was down on Friday morning in Asia’s forex after investors retreated from it. Hopes of a COVID-19 recovery are increasing and in effect, causing markets to be heavily short of dollars. After slumping on Thursday, the pound was up despite doubts on both sides about a resolution to the Brexit talks. It fell …
Dollar Down Over Growing Hopes for Coronavirus Recovery Read More »
There are numerous factors that have the potential to affect investor sentiment. It was a tough day for stocks in Asia-Pacific as investors monitored the situation regarding Brexit as well as ongoing negotiations in the U.S. for a coronavirus relief package. Let’s have a look at stocks across Asia-Pacific to learn more about the situation. …
How Brexit and Coronavirus Relief Bill Affected Stocks Read More »
The dollar was up on Thursday morning in Asia’s forex. The U.S. and the U.K. scramble to keep up with the deadlines for the stimulus and Brexit talks, respectively. By 9:44 PM ET (1:44 AM GMT), the U.S. Dollar Index inched up 0.05% to 91.075. It was just above the two-and-a-half-year low of 90.471 seen …
Dollar Up as U.S. and U.K. Scramble to Meet Deadlines Read More »
The dollar weakened in the early European forex exchange on Wednesday. Confidence surrounding U.S. fiscal stimulus and the vaccine rollout is growing and prompting traders to seek out riskier currencies. The Dollar Index was down 0.2% at 90.812, at 3:55 AM ET (0755 GMT). It is still only slightly above the recent 2 1/2-year low …
Dollar Weakens as Confidence in Stimulus/Vaccine Grows Read More »
The pound recouped some of its losses on Monday as UK Prime Minister Boris Johnson heads to Brussels. Johnson sets to travel in a last-ditch effort to broker a post-Brexit deal. GBP/USD slipped 0.28% to $1.3399, but the pair had been down more than 1% intraday. Boris Johnson and European Commission President Ursula von der …
Pound Recovers Some Losses as Johnson Sets for Brexit Meet Read More »
The dollar was on the back foot in forex trade on Monday. Soft U.S. jobs data further strengthened hopes for a fresh economic package. The Sterling eyed last-ditch Brexit talks between the United Kingdom and European Union. The dollar index stood little changed at 90.726. On Friday, it hit a 2 1/2-year low of 90.471. …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURBRL On Thursday, December 03, only one (1) out of nine (9) EU reports posted positive a figure. The German Composite PMI recorded 51.7 points, still a substantial decline from the prior month’s 55.0 …
Daily Market Charts and Analysis December 04, 2020 Read More »
The dollar drifted lower in early European forex trade on Friday. It is on track for a loss of nearly 2% for the week. Heightened optimism that U.S. lawmakers will come together to agree on a new COVID-19 relief package boosts risk sentiment. The Dollar Index was down 0.1% at 90.638 at 3:55 AM ET …
The dollar continues to head south in early European forex trade on Thursday. The prompting risk-on trades is caused by optimism over the rollout of vaccines and talk of new U.S. fiscal stimulus. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 90.925. It was trading around levels last seen well …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. NZDCAD New Zealand’s unexpected decline in imports and exports prices will take a toll on the New Zealand dollar. The figures for imports and exports prices reports were -3.7% and -8.3%, respectively. With regards …
Daily Market Charts and Analysis December 02, 2020 Read More »
The dollar weakened in early European forex trade on Wednesday. Vaccine optimism and further fiscal stimulus talks from the United States encouraged higher-yielding currencies. At 3:55 AM ET (0755 GMT), the Dollar Index was down 0.2% at 91.157. It was hitting its lowest levels since April 2018. EUR/USD climbed 0.2% to 1.2081, its highest in …
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