UK and EU remain at trade talks impasse as neither side takes the initiative
Brexit trade talks continue to remain deadlocked, even though the end of the UK’s transition period is now less than two-and-a-half-months away.
Both the UK and the European Union (EU) signaled on Monday that the door for agreement…
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Gold climbs on fresh optimism over a new stimulus agreement before election
Spot gold jumped to four-day high ($1918) on Monday as dollar fell across the board on optimism over a new US stimulus package before presidential election next month.
The yellow metal rose after directionless mode last Thu/Fri, signaling…
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Euro rises on weaker dollar; Brexit talks and ECB Lagarde’s speech eyed for fresh signals
Fresh risk mode lifts Euro to three-day high on Monday after recovery attempts were rejected on Friday.
Bulls cracked important barriers at 1.1760 zone (converged 10/30DMA’s / 50% retracement of 1.1830/1.1688 downleg) with firm break here…
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Sterling jumps to 1.30 ahead of phone talks of EU and UK Brexit negotiators
Cable makes a bullish start on Monday by bouncing from the lows of recent congestion after 20DMA (1.2897) contained multiple attacks in past few days.
Friday’s long-legged Doji points to indecision as traders await more signals,…
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China’s economic recovery gains pace in the third quarter on growing consumption
China’s economy has partially emerged from its lockdown-driven record slump in the first months of the year, with the latest data showing accelerated economic recovery in the third quarter.
Gross domestic product (GDP) grew 4.9% in…
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US retail sales jump in September
In figures released by the Department of Commerce on Friday, US retail sales rose by 1.9% in September – tripling both the unrevised 0.6% gain seen in August and the forecasted 0.7% rise.
This unexpected jump points to strong…
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Oil price stabilizes above $40 following Thursday’s wide-range action
WTI OIL
WTI oil price is standing well above $40 mark on Friday morning, following Thursday’s bumpy ride within nearly $2 range.
Oil fell sharply on Thursday, declining daily high at $41.26 to the lowest of the day at $39.66, on growing…
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Sterling remains under pressure on stalled Brexit talks, new restrictive measures
The British pound remains in red on Friday and attempts to extends Thursday’s 0.8% drop.
Risk aversion on rising worries about the slowdown in global economic recovery and stress for the UK economy from the second wave of Covid-19…
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