GOLD The gold price was hit yesterday by news of the almost imminent release of a Covid-19 vaccine. Investors are now betting on a shorter crisis than previously expected with the coronavirus curse seemingly over within 12 months but is there too much optimism? Markets reacted with significant rallies in all sectors, while bullion sharply…
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The very high volatility in the middle of last week was consistent with what would typically be expected during the count of a presidential election. The downward movement became clear on Wednesday, with a clear break below the 61.8% weekly Fibonacci retracement area. Price is now testing the upper limit of the weekly Fibonacci fan…
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What to watch McDonald’s: Fast food giant McDonald’s has done relatively well out of 2020, with its share price up by close to 10%, as while the pandemic has hurt the firm in some areas (such as breakfast demand and general foot traffic), it has done well out of food delivery and its drive-through locations.…
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The first to highlight the error was Daniel Wiener, the editor of the Independent Adviser for Vanguard Investors newsletter. He noted that his monthly brokerage statements revealed the estimated yield on Vanguard’s New York Municipal Money Market fund (VYFXX) to be unchanged at 1.27% between October 2019 and September 2020. But Vanguard’s website had reported…
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Nicolas Breteau, Chief Executive Officer commented: Over a nine-month period of substantial economic dislocation, TP ICAP's business has been resilient. We have implemented a targeted cost efficiency programme that will provide further support to our earnings power in an operating environment that remains uncertain. TP ICAP has a clear strategy of electronification, liquidity aggregation and…
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What to watch US jobs report: Although it will likely be overshadowed by the continuing presidential election saga, the US’ monthly jobs report will be reported today. Investors be will watching for signs that the US economic recovery is slowing, with 593,000 non-farm payrolls expected to have been added in October versus 661,000 in September.…
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EUROPEAN SHARES European benchmarks consolidated on Friday following a mixed opening, while a similar trend has been registered by Asian stocks. Market participants chose to temper their investments for the last trading session of the week, following four days of solid rally. Votes are still being counted in some of the key US swing states…
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Stock markets globally gained yesterday as Democratic nominee Joe Biden neared victory in the US presidential election. On a monumental day that saw Biden gather the most votes of any Presidential candidate in history, US stock futures then extended those gains yesterday evening as more states turned blue. The big winners were technology giants and…
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Samer Mourched, Chief Operations Officer at Accuindex commented: This is an exciting time for the Forex and CFD industry. I am delighted to have joined Accuindex a brokerage with ambitious growth plans and strong market integrity. I look forward to leading this organization and focusing on developing its offering of cutting-edge trading technology, building a…
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Vincent Turcotte added: As financial firms in Asia grow their market share within the global industry, they increasingly want to take more control over their destiny and become less reliant on their prime broker or clearing broker. Eventus can play an important role in helping them determine their own future, define their own risk management…
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