US Equities Mixed On Tuesday, Consumer Confidence Surprisingly Declines
US stocks were mixed on Tuesday, but bears dominated as concerns over the new COVID strain and downbeat economic data offset the optimism surrounding the second stimulus package. The S&P 500 fell 0.21%, the Dow lost 0.67%, while the tech-oriented...
Pound Retreats on Brexit Impasse
The British pound has lost more ground in the Tuesday session. GBP/USD is currently trading at 1.3356, down 0.79% on the day. Brexit takes sterling on a roller-coaster It’s been a roller-coaster ride for the pound. GBP/USD gained 2.26% last week,...
Cable Falls On Rejection Of The Latest UK Brexit Offer By The EU
Notes/Observations EU officials to meet on coordination of response to new covid strain UK offers concessions over fishing that reportedly advanced potential for a Brexit deal, which reportedly is deemed unacceptable. UK Parliament reportedly ready to meet on Dec 30...
Risk Aversion on Virus Variant, King Dollar, Brexit
A new faster strain of COVID-19 is triggering risk aversion across the board. Thin market conditions are making today’s selloff look more like panic selling. US stocks are down sharply despite a breakthrough from Congress on a USD900 billion pandemic...
Pound Weakens As Negotiations Miss Another Deadline
The pound weakened against the USD, EUR,CHF and JPY, opening with a negative gap during today’s Asian session, as negotiations about Brexit missed another deadline yesterday, while at the same time the mutated coronavirus in the UK intensifies worries. EU-UK...
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...
Week Ahead – The Final Stretch
We’re not there yet We are now heading into what would typically be a quiet time of year when everyone spends time with their loved ones and market activity is more muted. This isn’t a normal year though and while...
Week Ahead – Stimulus is Coming to Town
It is a very quiet week in terms of events, as trading winds down for the holiday season. This implies that liquidity may be in short supply, setting the stage for some explosive moves if there is any breakthrough in...
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