OIL Stocks futures have started the week in green amid new hope for a Brexit deal and oil is taking advantage of this situation. Moreover, Asian oil demand has recovered quite quickly, and there are expectations for this trend to continue into the US and Europe over the next few months. In this scenario, Brent…
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What to watch US consumer sentiment data: On Friday, preliminary consumer sentiment data for December will be released by the University of Michigan. The index came in at 76.9 for November, and consensus expectations for December are a small decline to 76.5. The US economy is heavily dependent on consumer spending, which accounts for 70%…
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GOLD Gold price has failed to continue its recovery, falling again below the support zone of $1,850. This comes despite a moderate return to risk-off in stock markets, and while the dollar remains weak. This could be seen as a signal of some weakness of the underlying strength. Gold had been expected to hold yesterday’s…
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What to watch Adobe: Software firm Adobe has added almost 50% to its share price in 2020, and has held up over the past three months while some tech names have faltered. The firm delivers its latest set of quarterly earnings on Thursday, where analysts are anticipating an earnings per share figure of $2.66. Key…
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PSP (or E-Wallet) Webmoney, Qiwi, PayPal, Skrill, Neteller, Yandex and others. FX Offshore Broker needs to open a wallet in the selected payment system and place it on the website and in the Trader's Room (Link to the Article about Traders Room) Fees: Can be dramatically different between currencies. Make sure to get a detailed…
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What to watch Campbell Soup: Food and snack firm Campbell has enjoyed heightened demand during Covid-19 related restrictions, as consumers stocked up on food items including the firm’s long-lasting canned goods. Campbell sells more than just soup, with brands such as Pepperidge Farm baked goods and Prego pasta sauces. A key point of focus will…
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GOLD Bullion is holding above the key support level of $1,850 with the price consolidating after the recent rally. European stock markets opened in the green, reinforced by positive news regarding the upcoming vaccine, but this was not a disruptive element for gold, which is only showing a fractional decline. Overall, in the last few…
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What to watch Chewy: Online pet food and product retailer Chewy’s share price is up by more than 150% in 2020, as consumers stuck at home have turned to online solutions. Pet sales and adoptions have also surged this year during US lockdown restrictions. The firm will deliver its third-quarter earnings on Tuesday, where investors…
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GOLD Gold broke through the resistance level at $1,850 as the weakening US Dollar, some bits of risk off on stock markets and a final attempt of the Trump team to renew its campaign against China pulled up financial demand for bullion. Moreover, the drop in price of the last few weeks has lifted up…
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What to watch Coupa Software: California-based tech firm Coupa Software offers business spending management services, which provide companies with visibility into and control over their operations. The firm’s share price has soared in 2020, more than doubling. Coupa’s cloud-based products fit well into the current mass work-from-home environment. Companies facing economic difficulties who want to…
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