Roller-Coaster Ride Started Even Before US Election Results
Much volatility was seen in the financial markets in the past 24-hours, as traders were pre-trading US elections results. At the time of writing, the race between Donald Trump and Joe Biden is very tight, totally different from the picture...
FOMC Preview – Fed to Discuss Asset Purchases Arrangement as Balance Sheet Surpasses US$ 7 Trillion
We do not expect any change in the monetary policy at the November meeting. That is, the Fed should leave the policy rate unchanged at 0-0.25% and the asset purchases program unchanged at US$120B/month. The central bank will maintain a...
Stock futures jump as U.S. election results roll in, Nasdaq futures surge more than 3%
Election officials count absentee ballots at a polling place located in the Town of Beloit fire station on November 03, 2020 near Beloit, Wisconsin. Scott Olson | Getty Images Stock futures jumped in volatile trading Tuesday night as results of...
Market Morning Briefing: Aussie Has Been Fluctuating Within 0.7222-0.7000
STOCKS A strong surge in the Dow and DAX yesterday on the US Election day and that has reduced the danger of seeing a deeper fall that we had been mentioning for some time. We will have to se how...
Fed Meeting and NFP Eyed as Markets Digest Election
It is the mother of all weeks for the dollar and stock markets. In the aftermath of the US election, traders will have to digest a Fed meeting at 19:00 GMT Thursday and the latest US employment report at 13:30...
Coronavirus: Italy’s banks and SMEs face crisis if shutdown persists
Duomo square, Milan, on Wednesday: devoid of the usual throng of people on the second day of a lockdown across Italy Italy could provide a showcase for what is to come elsewhere in Europe as businesses are hit by the...
Dollar Broadly Sold Off as Markets in Full Risk-On Mode
Global stocks surge sharply as investors seem to be very optimistic on the result out of US elections. Major European indices are currently up around 2% while DOW future is up 400 pts. Dollar is sold off sharply, together with...
End of $600 unemployment boost pushes more households to the edge
People wait in line at a food bank in Brooklyn, New York, on April 28, 2020. Spencer Platt | Getty Images News | Getty Images The end of a $600 weekly boost to unemployment benefits over the summer is rapidly...
Dollar Index Slumps From One-Month High, Tests Key Support Area
The US dollar index (December futures) sharpened its pullback from a one-month high of 94.28 on Tuesday, landing near the 20-period exponential moving average (EMA) in the four-hour chart. The 50% Fibonacci of the 94.77 – 92.43 downleg and the...
EUR/GBP 4H Chart: Decline Likely To Continue
The Eurozone single currency has declined by 1.68% against the British Pound since October 21. The currency pair breached the 0.9000 level during yesterday’s trading session. All things being equal, the EUR/GBP exchange rate could continue to edge lower during...
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