Eurostat – December 14 Prior -0.4%; revised to +0.1% Industrial production WDA -3.8% vs -4.4% y/y expected Prior -6.8%; revised to -6.3% Industrial production picking up a touch and higher revisions will be welcome news for Q4. The EURUSD is supported this am on the Dollar weakness. One area to watch is that if the EUR
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Monday as the US started getting its first shipment of Covid-19 vaccines, lifting the spirit of investors who moved towards riskier assets. The first shipments of Covid-19 vaccine began on Sunday, after a U.S. regulator approved Pfizer Inc and BioNTech SE’s vaccine.
Sterling opens broadly higher as Brexit trade negotiation is extending through the Sunday deadline. The Pound is taking Euro and Swiss Franc slightly higher today. Nevertheless, it should be noted that no important resistance level is broken by Sterling. Traders are just lighting their shorts. Markets are rather mixed elsewhere, with weakness seen in Dollar.
Amid the latest reports that a $908 billion bipartisan coronavirus relief package set to be introduced in the US Congress as early as Monday will be split into two packages, US Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi has a 30-minutes call on Sunday, Pelosi spokesman Drew Hammill tweeted out. The Speaker and
Down $0.21 or -0.45% The price of WTI crude oil futures for January delivery are settling at $46.57. That is down $0.21 or -0.45%. The high price reached $47.29. The low price extended to $46.34. The price of crude oil close of $46.09 a week ago. The low price this week reach $44.95 on Wednesday
EU Commission President von der Leyen and UK Prime Minister Boris Johnson have decided to continue talks. Thus the UK Coordination Group will have an exchange of views with EU chief negotiator Barnier at 9.30am Brussels time. Why am I thinking of this? Cable is posting early gains on the hopium/optimism. Early level here. Its
December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at a rate of 0.75% due in 2025. The company now plans to invest the net proceeds
As suggested in the CFTC Commitments of Traders report in the week ended December 8, NET SHORT of USD Index futures more than doubled to 6 486 contracts. Speculative long positions decreased -500 contracts and short positions gained +2 911 contracts. Concerning European currencies, NET LENGTH in EUR futures jumped +16 535 contracts to 156
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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