Cable was inflated by risk sentiment, upbeat data and Brexit hopes but bulls may face strong…
Cable rose on Monday, lifted by fresh risk sentiment on news that President Trump would leave the hospital as early as Monday and rising hopes that EU and UK might agree a trade deal.
UK PM Boris Johnson and European Commission President…
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Optimistic news on Trump’s medical status boosts risk sentiment
Speculations over president Trump’s health condition, talks about a new US fiscal stimulus package, and the release of the US ISM Services PMI are all expected to be key market drivers on Monday.
The markets opened in risk-on mode…
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US employment growth slows further in September
US non-farm payrolls increased by 661k jobs in September, missing the forecast of 850k and falling well below August’s figure (revised upwards to 1.489 million), according to the US Labor Department on Friday.
In the last monthly…
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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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