Forex Weekly Look Back: IS Prime turnover rises 30% in 2020, Benjamin Boulter appointed global head of partnerships with BlackBull Markets LeapRate

November 27, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: IS Prime turnover rises 30% in 2020, Benjamin Boulter appointed global head of partnerships with BlackBull Markets

Boerse Stuttgart announced today that Alexander Höptner, Chairman of the management board of Boerse Stuttgart GmbH and EUWAX AG, is leaving the Group at the end of the year at his own request to pursue new professional challenges. The Boerse Stuttgart group has not yet made a decision about his succession in the two companies. Alexander…

November 26, 2020 BY Steffy Bogdanova

Daily Market News: Bitcoin hits record high followed by sharp sell-off

What to watch US Markets: Stock markets in the US are closed on Thursday for Thanksgiving, and close early (1pm ET) on Friday, so there will be no companies reporting today from the US and limited activity on Friday. Reach plc: UK red-top media firm Reach plc is reporting its interim results on Friday. The…

November 25, 2020 BY Steffy Bogdanova

Daily market commentary: The euro reached a two-month high

OIL There are two main drivers behind the oil price rally of the last few weeks. The first and main one is the positive vaccine developments. The second one is related to OPEC and OPEC+ meetings, as investors are expecting an extension of the current cuts, which seems already priced in by the markets. Is…

November 25, 2020 BY Steffy Bogdanova

Daily Market News: Dow closes above 30,000 for the first time ever

What to watch Deere & Company: Agricultural machinery firm Deere has added more than 50% to its share price in 2020, including a 27% gain over the past three months. While the lifting of pandemic-induced lockdowns is positive for the stock, the economic damage done by Covid is likely to have put a dent in…

November 24, 2020 BY Steffy Bogdanova

Daily Market News: Tesla nears $500bn market cap as markets rally on Trump power transfer

What to watch Best Buy: Electronics retailer Best Buy has gained 39% this year, and more than 64% over the past 12 months, as mass working from home has led to a surge in demand for laptops, monitors and other consumer electronics. The firm delivers its latest quarterly earnings update on Tuesday, just days ahead…

November 24, 2020 BY Steffy Bogdanova

Daily market commentary: The dollar is losing ground to other currencies

GOLD The extended period of risk on finally hit gold with the price breaking the support level of $1,850 to plunge to the lowest level since July. This negative correlation with risk is nothing new for gold as investors are continuing to invest on riskier assets instead, betting on a quick solution to Covid-19. The…

November 23, 2020 BY Steffy Bogdanova

Weekly forex data: vaccine hopes boost markets

Price has regained the 61.8% area of the daily Fibonacci fan as the main medium-term downtrend has resumed since the first week of November. Momentum has understandably been somewhat weaker around the critically important psychological support at Mex$20. A clear break to the downside would signal continuation lower, but the slow stochastic (15, 5, 5)…

November 23, 2020 BY Steffy Bogdanova

Daily Market News: Oil holds near 12-week high, with energy stocks soaring

What to watch Agilent Technologies: Laboratory instrument firm Agilent is up 30% year-to-date, including a 12.8% gain over the past three months. The firm delivers its latest set of quarterly earnings on Monday, after delivering significant earnings beats in the previous two quarters. Earlier in November, the firm announced that it has had a new…

November 23, 2020 BY Steffy Bogdanova

Daily market commentary: Strong gains for the pound versus both the dollar and the euro

OIL Stocks started the week in green in the early trading. In this still “risk on” scenario, the oil price is extending its gains. Investors are betting on the efficacy of the vaccine and with it, slowing numbers of coronavirus cases within a few months. These expectations – which of course will need to be…

November 20, 2020 BY Steffy Bogdanova

Scenarios for 2021 inauguration, is there danger for the dollar?

Markets generally seem to realise there is high likelihood of a disrupted and chaotic transition. More than a week after the result was beyond doubt, Trump has still refused to concede. Lack of commitment in some financial markets is one of the results: During a deadly global pandemic that has brought record low interest rates,…

Category: Market News