Market Update – 12th October 2020 The US equity market is holding the FED/ US Government hostage, craving more and more stimulus to support the US economy. Whether the money being printed is supporting the US economy in a positive …
Market Update – 9th October 2020 The GBP has held its price against the USD despite the BREXIT deadline being only days away. Furthermore, to add fuel to the fire, the UK is expected to head back into lockdown due …
The EURGBP has been extremely lively over the past few months due to the ongoing Brexit saga. With the Brexit deadline fast approaching traders are questioning the possibility of a deal being finalised. European Council President Charles Michel has said …
Traders were left looking puzzled this morning as President Trump’s twitter account caused havoc in the currency market. Trump has called for negotiators to stop any ongoing discussions with the Democratic party as their requests were unrealistic. President Trump has …
Equities explode higher as Trump plays down the corona-virus. As expected, President Trump is using the Corona-virus to his advantage showing the US public they can continue with their lives without fear of the virus. Trump has been quoted as …
This comes after Trump bragged at the first Presidential debate about hosting large scale rallies in support of his campaign, with no reports of Covid-19. The breaking news has sent traders rushing for the safe havens with equity moving into …
Market Wrap – 2nd October 2020 Overnight the USD slumped with the safe havens as investors cheered positive data from the US. The US reported a decline in Initial Jobless Claims to 837K and Continuing Jobless Claims to 11.767 M. …
The end of September closed with a whipsaw fashion. The USD safe-haven gains were erased overnight as green shoots of positive data were produced. US annualized GDP recovered to -31.4% beating the forecast of -31.7% and ADP employment change showed …
The USD dipped for a second day leading into the first US Presidential debate of 2020. The downside on the USD over the start of the week is potentially down to profit-taking leading into the end of the month. The …
Sellers on the EURUSD could be taking a breather this week as we head into the data-packed economic calendar. The EURUSD on the 1 hour time frame is potentially forming an inverted head and shoulders formation. Buyers will be looking …
