Cable extends its news-driven wide swings
Sterling remains highly volatile and extends its yo-yo ride on Friday, sparked by Brexit talks news on Thursday and this morning’s shocker on President Trump’s positive test for coronavirus.
Cable fell to the session low (1.2836) on…
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Uncertainty over Trump’s positive Coronavirus test fades risk sentiment
Risk aversion dominated in the global markets on early Friday following news that US president Donald Trump and his wife Melania have tested positive for COVID-19. The pair will begin their quarantine and recovery process immediately.…
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Safe-haven yen benefits from fresh uncertainty on Trump news
The pair fell 0.5% on Friday morning after news that President Trump and his wife tested positive on Covid-19.
Traders moved into safe-haven yen on rising uncertainty that sparked risk aversion in the market.
Fresh weakness probed below…
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US weekly jobless claims fall below expectations
US initial claims for state unemployment benefits fell to 837K in the week ending Sep26, compared to 873K in the prior week and 850K forecast.
Continuing claims were down almost one million (11.76M vs 12.74M previous) falling below 12…
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Near-term action remains capped by daily cloud base and weighed by demand recovery concerns /…
WTI oil price eases on Thursday on fresh risk aversion and persisting fears about global demand recovery on rising coronavirus cases and higher supplies from OPEC+ group.
The price action remains capped by daily cloud base for the second…
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