Bearish engulfing and weak German data weigh on Euro
The Euro remains at the back foot on Tuesday and extends weakness below 1.1800 handle following Monday’s post-vaccine rally stall above 1.1900 barrier and subsequent weakness that resulted in a daily fall of 0.6%.
Monday’s bearish…
Read More...
Read More...
Oil continues to rise as vaccine news boost optimism for demand recovery
WTI oil rises again above $40 barrier on Tuesday, following Monday’s 6.6% rally (the biggest one-day advance since May 5) when bulls spiked to $41.32 (the highest since Oct 21) but failed to close above psychological $40 level (also daily…
Read More...
Read More...
Cable rises above 1.3200 barrier, inflated by risk mode on vaccine news
Cable regained traction and eventually broke above 1.3200 barrier, hitting new nine-week high in European session on Tuesday.
Risk-sensitive sterling remains inflated by vaccine news that boosted global risk mode and so far offsetting…
Read More...
Read More...
UK job market slumps in the third quarter
UK labor market declined rapidly before the government introduced new support measures, with a record number of staff redundant in Q3 and increase of jobless rate, pointing to the depth of crisis in the sector.
Unemployment jumped to…
Read More...
Read More...
Gold collapses after vaccine news further boosted risk appetite
Spot gold collapsed on Monday, being so far down 4.8% for the day, in the biggest daily fall since early August.
The safe-haven metal was sold after news that test for coronavirus vaccine showed more than 90% prevention in a study that…
Read More...
Read More...
Stocks surge on fresh risk appetite after Pfizer Covid-19 vaccine news
Stock markets surged on Monday after Pfizer announced that its experimental Covid-19 vaccine was more than 90% effective.
Pfizer and German partner BioNtech are the first drug makers to release successful data from a large-scale of…
Read More...
Read More...
Post-US election relief rally lifts global equities to record high
Global stocks hit a record high on Monday as fresh optimism of global trade ties and more fiscal stimulus under US President-elect Joe Biden boosted risk appetite.
Investors hope in global rebalancing on lower dollar and less trade…
Read More...
Read More...