US Retail Sales in Sight as Fed Prepares for Action
America’s latest retail sales data will hit the markets at 13:30 GMT Tuesday, and investors will look for clues on whether the Fed will pull the easing trigger again in December. With US infections spiraling out of control lately, Congress...
GBPUSD: Bulls Expected to Remain Intact above Daily Cloud, but Initial Negative Signals Developing on Weekly Chart Require Caution
Attempts to extend last Friday’s 0.65 advance stalled on Monday, as jump to the session high (1.3241) was so far short-lived and the action returned below 1.3200 handle. Larger uptrend from 1.2675 (23 Sep low) remains in play, with pullback...
Long-Term Trading Strategies with IGCS
Using Sentiment, IGCS in a Long-Term Trading Strategy Market conditions can last for extended periods of time, especially when analysed in the context of how well/poorly the underlying economy is performing. An expanding or contracting economy can guide or inform...
Trading Breakouts with IG Client Sentiment
Hunting for Breakouts with Sentiment The IG Client Sentiment (IGCS) tool helps traders identify potential breakouts in order to enter a developing trend near the start of the move. Breakouts can result in a large, extended move or simply fail...
Stocks Cheer Moderna’s Vaccine News, Dollar Mixed
Global investor sentiments are boosted by more good news on coronavirus vaccines. Moderna said it’s vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late stage trial. Major European indices are trading up while DOW future...
Currency Pair of the Week: USD/TRY
The Coronavirus is raging throughout the United States. The US is now consistently reporting over 150,000 new daily cases. Lockdowns and restrictions are looming. There is also a new US President-elect who wants to raise taxes on the wealthy. Yet...
Oil Up On RCEP, Gold Stays Steady
RCEP signing lifts oil prices Oil prices fell on Friday, with Brent crude dipping 1.50%, and WTI falling 2.0% as the return of Libyan production and Covid-19 consumption fears across North America and Europe undermined prices. Most of those losses...
EUR/USD Outlook: Bulls Eye November’s High As Risk Sentiment On Vaccine Persists
The Euro extends recovery on Monday and hit one-week high, boosted by risk appetite on corona-virus vaccine and hopes for a free-trade agreement within the world’s largest trade bloc, formed by fifteen Asia-Pacific economies, that for now offsets negative impact...
PNC to buy U.S. operations of Spanish bank BBVA for $11.6 billion
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images Spanish financial group BBVA has agreed to sell its U.S. business, BBVA USA Bancshares, to PNC Financial Services Group for $11.6...
Sentiments Supported by Solid Japan and China Data, Dollar and Yen Soft
Dollar, Yen and Swiss Franc are trading generally lower as the week starts with solid risk-on mode. In particular, Nikkei is up more than 2% after release on stronger than expected GDP data. A batch of solid Chinese data also...
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