Week Ahead: Brexit Deal Reached as Trump Threatens to Veto Second Stimulus Package
Finally!! On Thursday, Brexit negotiators were able to put the finishing touches on the trade agreement that would allow the UK to leave the EU without tariffs on goods originating in the UK or the EU! The deal will be...
The GBP/USD is Trending Higher
The US Dollar was bearish against most of its major pairs on Thursday with the exception of the CHF and JPY. On the US economic data front, no major economic data was released. On Friday, US markets will be closed...
Stocks making the biggest moves midday: Apple, Alibaba, Nikola, Macy’s & more
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed 8.5% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services....
Sterling near 2-½ year highs as UK and EU clinch Brexit breakthrough
LONDON — The British pound traded near 2-½ year highs on Thursday as investors reacted to the U.K. and the European Union striking a long-awaited Brexit trade deal. Sterling trimmed some gains after the news was announced, but was still...
Treasury yields fall after U.K. reaches post-Brexit trade deal
Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move...
European stocks close mixed amid hopes for Brexit trade deal; UK banks jump
LONDON — European stocks closed mixed after a light trading session Thursday, as traders grew optimistic a Brexit trade deal would be reached. Britain’s FTSE 100 closed up by around 0.1% after a choppy holiday-shortened session, while France’s CAC lost...
GBPUSD Favours Upside; Vicious Appreciation Boosts Bias
GBPUSD recently logged nine consecutive green candles and is quickly approaching the 31½-month high of 1.3624. The price found some footing just beneath the 200-period simple moving average (SMA) and then skyrocketed from there, restoring the bullish tone within the...
GBPJPY Crosses 140.30 Border But Will the Bulls Persist?
GBPJPY is pushing efforts to close above the noisy 140.30 ceiling that kept the bulls under control the past six weeks. The RSI and the MACD are endorsing the buying appetite in the market, though some caution is warranted as...
Brexit Deal Announcement Imminent, Pound Up
UK and EU on the verge of a historic post-Brexit trade agreement, pound advances Trump imperils stimulus deal, risks government shutdown But markets calm in thin holiday trade; dollar drifts lower, stocks edge up Brexit deal is ‘done’ Britain and...
Stocks making the biggest moves in the premarket: FireEye, Alibaba, C3.ai & more
Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than...
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