On Thursday, European stocks declined to their lowest level in over a month, as a decline in German consumer morale, an impasse in the U.S. stimulus talks and surging coronavirus cases in…
Category: Forex Trade
Stimulus Bets Bolster Wall Street Shares
On Tuesday, shares on Wall Street climbed due to growing optimism that talks were progressing amongst U.S. lawmakers about a U.S stimulus package that would cushion the economic shock caused by the…
Trade-Related Asian Currencies Strengthen after China Data
On Monday, the trade-exposed Asian currencies held firm, as data highlighted that the economic rebound in China from the pandemic had accelerated in the third quarter. This prompted the Yuan to surge…
Mt. Gox’s Rehabilitation Deadline Extended by Judge
Even though the hack happened five years ago, investors of Mt. Gox are still reeling from it. There were a lot of people who believed that restitution and reorganizing could help the…
Markets on Edge as U.S. Stimulus Hopes meet Pandemic Resurgence
On Friday, financial markets remained a bit shaky as hopes for a new fiscal stimulus package in the U.S. met fears that the economic recovery would be undermined by the social restrictions…
Stocks Go Lower Due to Brexit Stalemate and Resurgent COVID-19
On Thursday, global shares fell as restrictions were tightened by governments across Europe for battling an increasing second wave of coronavirus infections, slowing down the process of economic recovery. In early trading,…
Sterling Bounces on Hope of Brexit Talks
On Wednesday, Sterling rose from the day’s low after a source close to the UK-EU Brexit talks revealed that even though a trade deal is difficult, it is still possible. The source…
Yuan Set for Biggest Fall since March and Dollar Index Rises
On Monday, China’s yuan fell after a change in the reserve requirement policy of the People’s Bank of China, a move seen as a way to control the appreciation of the yuan….
London’s Days as Stock Trading Hub of Europe are Numbered
As Brexit draws closer, London has to confront the loss of its role as the undisputed stock-trading hub of all of Europe, which means it is going to lose billions of euros…
Sterling Holds at $1.30 as Optimism over Brexit Deal Grows
On Tuesday, Sterling held steady at $1.30, as indications of progress in Brexit talks helped in cementing gains. Moreover, expectations for when interest rates would be cut down by the Bank of…