Markets Drift Higher As EU Prepares To Ratify Post-Brexit Trade Deal Later Today
Notes/Observations UK parliament expected to approve Brexit deal today Markets trade marginally higher despite increase in covid cases across the region Reportedly progress continues on EU-China investment deal; potentially an agreement could be announced later today. Reminder that the deadline...
Dollar Can’t Get Off The Floor As Focus Turns To Georgia
Dollar hits fresh lows, stocks near record highs despite US Senate blocking $2000 checks Thin liquidity, or markets calculating what this implies for Georgia runoffs? Elsewhere, most assets are in a cheerful mood, but quiet overall 2020 was all about...
Oil And Gold Drifting In Thin Trade
Oil markets drifting ahead of year-end Oil markets continued to range trade overnight and this morning in Asia, preferring to wait for more directional input next week. That said, both Brent crude and WTI remain near the top of their...
US Dollar Grinds Lower
US dollar retreat continues The US dollar continued to beat a modest retreat overnight, weakening across the board versus G-10 and Asian currencies. The dollar index fell 0.38% to 90.00 and has fallen by 0.25% this morning to 89.76. Today’s...
FTSE 100 Spikes On Brexit And US Stimulus Optimism
The FTSE 100 soared on the first day of trading after the UK and the European Union reached a Brexit deal on Thursday. The index rose by more than 2.70%, outperforming all other European bourses. Most companies in the index...
No Post-Deal Rally for the Pound as Brexit Negotiations Far from Over
Britain and the European Union have just agreed on a post-Brexit relationship – including, of course, on trade – ending more than four years of uncertainty and political drama. However, with negotiators having less than 12 months to strike a...
Oil Range Trades, Gold Rises Slightly
Oil’s range-trade continues With liquidity and volumes much reduced this week, oil continued to range trade overnight and through Asia, lacking the momentum to break one way or the other. Brent crude has risen 0.70% today to USD51.25 a barrel....
Bitcoin is on the Move – is 30K Next?
Bitcoin has started the week in positive territory, with gains of 3.0%. Currently, bitcoin is trading at USD27,043. Bitcoin punches past USD 29,000 The enthusiasm for bitcoin continued on the weekend, as the crypto punched above the USD 29,000 for the...
BoJ Members Question Policy
The Japanese yen is flat in the Monday session. Currently, USD/JPY is trading at 103.61, down 0.04% on the day. BOJ to conduct policy review The BoJ has indicated that it will review its stimulus programme, but it is unclear...
Forecast 2021: Is Bitcoin Worth Investing In?
Is it the “gold of the XXI century” or a soap bubble about to burst? We have repeatedly discussed the advantages and disadvantages of bitcoin over the past year, and analyzed the reasons for its ups and downs. Therefore, we...
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