Forex News
Oil building momentum as highs tested Oil prices are slipping a little again on Wednesday, off just over 1%, having risen close to their range highs again yesterday. WTI came within a whisker of $42 and, despite today’s pullback, seems to have momentum on its side. An overconfidence, perhaps, that a stimulus deal will be […]
GBP/USD has posted sharp gains in the Wednesday session. In the European session, the pair is trading at 1.3165, up 1.6% on the day. Barring a significant correction during the North American session, the pound is poised for its strongest 1-day gain since March. UK inflation beats inflation September inflation in the UK was stronger […]
Snap Chief Business Officer Jeremi Gorman said that brand advertising is showing momentum, and that advertisers want a platform that shares their values. Read More: Snap says brand advertising coming back, hints that Facebook boycott helped Q3
New record high for cases That’s a big jump and takes out the ‘catch-up’ high from early October. There were 191 deaths with a positive COVID test within 28 days compared to 241 previously. Read More: UK reports record 26,688 coronavirus cases vs 21,331 yesterday
The world’s worst-kept secret is confirmed Statement from Johnson’s team: Political theatre is the worst kind of theatre. Let’s see if we get the ‘sell the fact’ trade on the announcement. Read More: UK confirms that EU will return to London this week for Brexit talks
Read More: Dollar Falls To One-Month Low on Stimulus Hopes
Read More: Analysis: Biden risk looms for Turkey's Erdogan and beleaguered lira
Read more on https://www.fxstreet.com Read More: GBP/JPY Price Analysis: Pound extends rally, likely to test again key level at 138.00
Read more on https://www.fxstreet.com Read More: S&P 500 Index turns positive after White House expresses hope on stimulus talks
Chinese Yuan key driver across G10 FX. However, while Beijing appear calm over Yuan, Trump risk remains. Read More: Chinese Yuan (CNH) Driving Currency Markets; However, Trump Risk Remains
Brexit talks are reportedly set to resume, prompting a fresh bid in the Pound. Confirmation expected within 24hours Read More: Brexit Latest: GBP/USD Extends Gains, Brexit Talks to Resume
US stocks are climbing higher as earnings season picks up and on hopes that the election will pave the way for larger stimulus than what is being discussed right now. House Speaker Pelosi’s stimulus deadline initially seemed unlikely to yield a breakthrough, but Republicans seem to be making some large concessions. A lot needs to […]
Snap’s stock price soared more than 22% after hours on Tuesday as the company posted an unexpected, adjusted profit along with positive user and revenue growth in its third-quarter earnings. Read More: Snap stock rockets up after surprise earnings beat
It’s the first report since longtime Chief Content Officer Ted Sarandos was promoted to co-CEO. Read More: Netflix misses on subscriber additions and EPS
Back in mid-September the news broker that SoftbNk was selling its UK chip designer Arm Holdings to Nvidia Corp There are no further details provided. Read More: Huawei and other Chinese firms said to be seeking curbs on Nvidia deal to buy ARM
That is the second highest daily count on record What is more worrisome is that the number of active cases across the country is picking up quickly, with RKI now reporting over ~65,000 cases as of yesterday. Another 39 deaths were reported today and that brings the total tally to 9,875 persons. Read More: Germany […]
Read More: Dollar Down, Trump Willing to Go Bigger on Stimulus Than Democrats
Read More: Stimulus hopes press dollar to one-month low; yuan soars
Read more on https://www.fxstreet.com Read More: Japan PM Suga: Oppose actions that boost tension in South China Sea
Read more on https://www.fxstreet.com Read More: Crypto.com Price Prediction: CRO screams buy eyeing breakout to {$permalink}.12
The British Pound may fall if EU and UK negotiators fail to reach a consensus as the December 31 deadline nears. The third presidential debate is on deck, how might markets react? Read More: British Pound Under Pressure as Brexit Talks Beleaguer UK & EU Officials
Wall Street futures edged up on Wednesday with cautious optimism on the US relief package. Corporate earnings remained strong despite Netflix’s big earnings miss. Asia-Pacific equities may trade hi… Read More: Nasdaq 100 Climbs on Stimulus Hopes, Netflix Misses, Nikkei 225 May Rise
Oil bullish on stimulus and output cut delay Oil prices are steady after pulling off their recent highs, as OPEC+ passed on the opportunity to signal a willingness to delay two million barrels of planned increases from January, as part of its tapering of record cuts earlier this year. The cuts still stand at 7.7 […]
Procter & Gamble now expects sales growth of 3% to 4% during fiscal 2021, up from its prior forecast of 1% to 3%. Read More: Procter & Gamble beats estimates as sales jump 9%, raises forecast amid strong demand
A recent study found that executives on earnings calls are increasingly avoiding using negative words and trying to sound more upbeat. Read More: Corporate execs are talking differently on earnings calls to please the machines
National economic Council’s Kudlow speaking on Fox news The NECs Kudlow is speaking on Fox news and says: Read More: NEC Kudlow: No forecast of the stimulus deal today
UK coronavirus cases on the rise The case count is the second-highest on record. Read More: UK coronavirus cases rise to 21,331 vs. 18,804 previously.
Read More: Dollar Edges Lower; Uncertainty Over Stimulus Plans
Read more on https://www.fxstreet.com Read More: EUR/USD hits four week highs above 1.1830 as US dollar slides
Read more on https://www.fxstreet.com Read More: USD/CAD tumbles toward 1.3100, Loonie outperforms