EURGBP Set To Give Up Some Ground After Sharp Rebound
EURGBP is retracing the sharp increase that followed the positive large-gap open earlier today after failing to extend gains beyond 0.9200. The price has significantly stretched above the upper Bollinger band and the RSI is set to exit the overbought...
European stocks set to open lower amid jitters over new coronavirus strain
European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K. Britain’s FTSE 100 was seen opening down by 75 points at 6,442,...
Sterling Dives Again on Brexit Deadlock and Coronavirus Spread
Sterling opened the week broadly lower after Brexit trade negotiations missed yet another deadline. Additionally, European countries rushed to ban travel from UK as coronavirus infections worsened. Aussie and Kiwi are trailing as the next weakest on mild risk aversion....
EUR/USD Sets New 2020 High, Oil Inches Towards $50
Key Highlights EUR/USD surpassed 1.2000 and traded to a new 2020 high at 1.2272. A major bullish trend line is forming with support near 1.2180 on the 4-hours chart. Gold price rallied towards $1,900, and crude oil price is approaching...
Dollar Resumed Down Trend, Pound Still Awaiting Brexit Trade Talks
Dollar’s broad based down trend resumption was a major theme last week. Though, Canadian Dollar was the worst performing one, as it digested recent oil price supported rally. Overall risk appetite, with NASDAQ extending record run, kept Yen and Swiss...
Pain, despair and poverty reach fever pitch for unemployed workers
Randy Chase, 57, does masonry work on construction crews. With unemployment benefits stalled since April and no savings left, he’s been living in his pickup truck outside of Denver since September, using an electric heater to keep warm. Randy Chase...
Elliott tries to turn around a decade-long laggard with new real estate investment
Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017. David Paul Morris | Bloomberg | Getty Images Elliott Associates sees a runway beneath Public Storage, and is pushing the...
Weekly Economic and Financial Commentary: The Shot Heard Round the World
U.S. Review The Shot Heard Round the World This week marked the first U.S. COVID vaccinations and the imminent rollout of a second vaccine. But, the resurgence of the virus and increased mobility restrictions further show why fiscal support would...
The Weekly Bottom Line: Holiday Shopping Blues
U.S. Highlights Prospects for fiscal stimulus drove volatility in equity markets this week. Policymakers are reportedly closing in on a much-needed relief package following several months of gridlock. Economic data released this week were less cheerful. Jobless claims rose to...
Week Ahead: Holidays Could Lead to Slow, but Volatile, Markets
The end of year holidays arrive this week and that means slow, light trading, unless of course, there is a Brexit trade deal or a US Stimulus agreement. If one, or both, of these issues are resolved within the next...
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