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Here is what you need to know on Monday, December 14: The dollar posted a modest advance on Friday, favored by the risk-off market’s mood. The dismal sentiment was mostly caused by no progress in Brexit talks. . By the end of the week, UK PM Boris Johnson said that it is “very, very likely” that
CFTC commitments of traders: EUR longs increased. GBP position switches from short to long Coming Up! Title text for next article LON SDNY+11 NY -5 TYO +9 GMT Technical Analysis Weekly FX positioning data for the week ending December 8, 2020 EUR long 156K vs 140K long last week. Longs increased by 16K GBP long 6K
Chief of Staff Meadows sends the message White House Chief of Staff Mark Meadows on Friday told Stephen Hahn, the commissioner of the FDA, if the coronavirus vaccine is not approved by the end of day, he should submit his resignation. This is according to sources as reported by the Washington Post. For bank trade ideas, check out eFX
Cottonseed oil cake prices on Friday declined by Rs 4 to Rs 2,048 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market. Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices. On the National Commodity and
LONDON — Saxo Bank says universal basic income could become a permanent reality next year, triggering a “seismic rebalancing” of society as workers wave “bye-bye” to big city life. In a report entitled “Outrageous Predictions,” the Danish bank on Tuesday outlined 10 “outlandish forecasts” for 2021, although it did stress these are not its “official”
Following Wednesday’s sell-off, Gold (XAU/USD) traded within the $1825-$1850 range in the balance of the week, settling almost unchanged below $1840. The choppy trading could be attributed to the coronavirus vaccine-driven optimism and US fiscal stimulus headlines. Heading into a fresh, an elusive US stimulus aid package and the FDA Pfizer’s covid vaccine authorization
The USD is modestly lower For the week, the AUD is ending as the strongest of the major currencies, while the GBP is the run away weakest. Nearly a 1/3 of the gains for the AUD was against the GBP (+3.02%). The currency also moved 1.51% vs the EUR and 1.47% vs the USD. The
These numbers are really not a surprise California is reporting a record 35,468 new virus cases. The average test positivity rate rises to 9.7% Covid hospitalizations jump 3.6% to record 12,000 hundred 40 The numbers are really not a surprise coming after the Thanksgiving Day holiday. Bring on the vaccine but the trend is likely to continue
Darren Kleine, known to most by his handle DKleine, is an NFT artist with a decidedly specific niche — Zombies. We’re talking crypto zombies, political zombies, mustachioed Salvador Dali zombies. Zombies of all shapes, sizes, and orientations! If it’s green, dismembered, and loves the savory taste of a good brain, it’s ripe for tokenization (and
Mumbai: Even as there was a complete shutdown of business in June quarter due to COVID-19 related disruptions, diamond jewellery witnessed sharp recovery from October onwards and the industry is expected to do 70-85 per of last year’s sales, De Beers India Managing Director Sachin Jain has said. “I would certainly predict that we will
Sterling was in free fall last week after both UK and EU admitted that a no-deal Brexit is more likely than not. Negotiation deadline was ended to end of Sunday. Euro and Dollar, followed as the next weakest and focus turned to rally in commodity currencies. In particular, Australian Dollar was pulled up by surging
We still haven’t seen “the storm before the calm.” So says Alejandra Grindal, senior international economist at Ned Davis Research, despite the market’s run to record highs, reignited Tuesday by positive announcements around a Covid-19 vaccine. The U.K. began rolling out Pfizer and BioNTech’s vaccine to its citizens Tuesday, just as the U.S. Food and
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