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A sleepy week for the indices?
For once, we have a week in 2021 where the market really didn't move all that much. Except for weed stocks that whipsawed GameStock-like and Bitcoin and Dogecoin making waves thanks to Lord Elon, it's really been kind of a boring week for the major indices. The S&P and Nasdaq closed at another r
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EUR/GBP hits fresh weekly lows under 0.8750 mark, bears eye multi-month lows under 0.8740
EUR/GBP hit strong resistance in the form of a medium-term downtrend on Friday and fell to fresh weekly lows under 0.8750. Markets remain bullish GBP amid the UK’s strong vaccine rollout. Thursday’s rally to highs in 0.8790 seems to have been a dead cat bounce. A recent surge in strength into pound
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UK: Spring recovery remains likely despite subdued December growth
The UK economy partially recovered in December, though the current lockdown probably means GDP is once again 10% below pre-virus levels. However, the current rules are succeeding in driving hospitalisations lower, and the rapid vaccine rollout raises the chances of a decent 4-5% second-quarter bounc
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UK CPI, retail sales, FOMC minutes, barclays, natwest FY, walmart earnings
1) UK Retail Sales (Jan) –" 19/02 - Since the April lockdown last year UK retail sales growth saw 6 consecutive months of gains, however these came to a shuddering halt in the November numbers due to the lockdown restrictions that were put in place from the 5th November, with a decline of -3.8%. A l
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EUR/USD Weekly Forecast: It’s all about the dollar and US politics
US politics take centre stage with the covid-related stimulus package and spending plan. Growth in the EU likely to remain subdued amid coronavirus-related lockdowns. EUR/USD long-term bullish trend remains intact, but a slide is not out of the picture. The EUR/USD pair recovered to reach 1.2149 but
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Week ahead – Dollar’s comeback bid wobbles ahead of Fed minutes, flash PMIs [Video]
There will be no shortage of data releases in the coming week, with Japanese GDP, Australian job numbers and European and US flash PMIs being some of the highlights. But markets may still struggle to find new direction as there’s nothing on the horizon that is likely to alter the existing narrative
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My weekly stat (6-10 Apr 2020)
Here is my weekly trading result. There are 43 trades and those are from 25 trading ideas opened in this week.There are 7 wins, 5 draws and 13 loses.This week is full of up and down swing in most of the pairs I traded and because joining a lot of trade I get a bad mood and a very bad trades. It
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U.S. Stocks Seeing Substantial Volatility After Reaching New Record Highs
After moving to the upside at the start of trading on Wednesday, stocks have seen substantial volatility over the course of the morning. The major averages have shown wild swings after reaching new record intraday highs in early trading. Currently, the major averages are turning in a mixed performan
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U.S. Dollar Advances Amid Higher Treasury Yields
The U.S. dollar appreciated against its major counterparts in the European session on Monday, as U.S. Treasury yields rose on the growing prospects of additional fiscal stimulus in the wake of weak U.S. jobs data released last week. The benchmark 10-year Treasury yields neared 1.20 percent. Safe-hav
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Yen Trades Lower Amid Risk Appetite
The Japanese yen traded lower against its major rivals in the Asian session on Monday, as Asian stock markets climbed following the record closing highs on Wall Street Friday after a weak U.S. jobs data increased odds of further U.S. stimulus. The House of Representatives approved a budget proposal
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Euro Mixed Ahead Of Eurozone Sentix Investor Sentiment Index
At 4.30 am ET Monday, Eurozone Sentix investor confidence data is due. The sentiment index is seen at 1.9 in February versus 1.3 in January. Ahead of the data, the euro traded mixed against its major rivals. While it fell against the greenback, it rose against the pound. Against the franc and the ye
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Russian Ruble Climbs To More Than 2-week High Against U.S. Dollar
The Russian Ruble firmed against the U.S. dollar in the European session on Monday, as oil prices broke $60 a barrel amid the U.S. stimulus optimism. Global markets rallied as the progress in vaccine rollouts and the U.S. stimulus plan revived hopes of a faster economic recovery. As global supplies
