GBP/USD in Rally Mode as BoJo Replaces His Finance Minister – 1.32 In Sight?
Risk assets are taking a hit this morning after China announced a 15k surge in COVID-19 (coronavirus) cases following a new diagnostic protocol, reviving fears that the outbreak may be less contained than previously assumed. That said, current data suggests...
Risk Off Again as China Reports Confusingly Large Wuhan Coronavirus Cases, Sterling Jumps on Cabinet Shuffle
Global stock markets tumble today after China reported a strong daily increase of 15152 Wuhan coronavirus cases on February 12. That was a huge difference from 2015 new cases reported for a day ago. However, the mass difference was due...
US underlying consumer prices rise in January
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention...
GBP/USD Outlook: Bulls Are Back To Play And Eye Key 1.30 Barrier
Cable regained traction and edged higher on Thursday, keeping near-term focus at the upside and averting risk of formation of shooting star reversal pattern on daily chart, after Wednesday’s action stalled on approach of key 1.30 barrier and left daily...
Asia Midday: Not So Quickly Everybody
The legions of Optimism-20 virologists and epidemiologists were out in force overnight on Wall Street. After much academic debate based on their years of experience in the field, they came to the scientific conclusion that Covid-19 infections were peaking and...
Euro Breaks Key Support Against Dollar, More Broad Based Weakness Likely
Dollar surges to highest level against Euro as helped by rebound in US treasury yields overnight, as well as extended record runs in stocks. Nevertheless, sentiments in Asian turn back into risk-off mode, Yen and Swiss Franc are outshining the...
Market Morning Briefing: Aussie Has Dipped A Bit But While Above 0.6660
STOCKS Equities manage to hold higher but are not convincingly looking strong across the segment. While some indices are turning bullish, some are coming closer to their important resistances and will need a close watch. Indices like the Dow, Sensex...
Stocks making the biggest moves after hours: Cisco, Applied Materials, MGM Resorts and more
Cisco Systems headquarters Getty Images Check out the companies making headlines after the bell: Cisco Systems – Shares of the networking hardware company dropped 4% in extended trading despite reporting strong second-quarter results that beat analysts’ estimates. Cisco reported earnings...
US deficit surges 25% in fiscal 2020 and is $1.1 trillion over the past year
People walk past the Capitol Dome ahead of an expected vote in the impeachment trial of U.S. President Donald Trump on Capitol Hill in Washington, February 5, 2020. Joshua Roberts | Reuters The sea of red ink is getting deeper...
A Familiar Story as Germany on Brink of Recession Again, Euro on the Slide
Germany will report its first estimate of fourth quarter GDP growth on Friday (0700 GMT) as concerns resurface about the health of Europe’s largest economy, with the coronavirus outbreak adding to German businesses’ woes. The sluggish performance of the Eurozone’s...
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