Asia and Europe’s stock markets climbed on Thursday and bonds continued their rally as Democratic candidate Joe Biden inched closer to win the White House. Plus, the central bank in Britain became…
Category: Forex Trade
Dollar Trims Gains as U.S. Election Race Tightens
With riskier currencies staying on the backfoot, the U.S. dollar trimmed some of its gains, as the markets were waiting for the outcome of the U.S. elections after early results indicated that…
Sterling Calm Against the Euro as Implied Volatility Soars
On Tuesday, trading in the British pound remained relatively calm, as the currency managed to stay neutral against the euro, but surged against the broadly weaker dollar on the day of the…
Sterling Falls as England Moves towards Second National Lockdown
On Monday, Sterling fell to its lowest value against the dollar in almost four weeks after a new national lockdown was announced by England. However, analysts stated that a bigger drop in…
Global Stocks Steady after Second-Wave Turmoil
On Thursday, European commodity and stock markets struggled to stabilize after some of the biggest economies in the region returned to national lockdowns, triggered by the most drastic global selloff within…
Stocks Tumble as Investors Gripped by Lockdown Fears
On Wednesday, shares all around the world tumbled as COVID-19 infections surged rapidly in the United States and Europe. This has ignited possible stricter lockdown measures, which could have a negative impact…
Wall Street Ready to Bounceback after COVID-19 Keeps Europe in the Red
On Tuesday, some of the early losses were recovered by European equities and futures indicated towards a Wall Street recovery, after markets saw a wave of risk aversions at the beginning of…
Stocks Dip on Stimulus Doubts and Surging Virus Cases
On Monday, global stocks kicked off the week on the back foot as the global economic outlook was clouded by surging cases of coronavirus in the United States and Europe, while leaders…
Investors Left Hanging as Stimulus Negotiations Drag On
On Friday, the dollar fell and global stocks trod water, as investors were left hanging since they were waiting to see if they will finally reach a long-awaited agreement on a fresh…
Global Stocks Bide Time as Caution for U.S. Elections Set In
On Friday, global stocks barely moved as investors tightened their positions, with the U.S. presidential elections just two weeks away and awaiting a breakthrough in stimulus negotiations taking place in Washington. On…