GBPCAD is moving higher with sterling finding support on higher U.K. inflation figures. The afternoon will see the release of...
PositionMarket Analyst (Writer)
JoinedAug 21, 2020, 10:11 BST
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Kevin George has over twelve years' experience in financial markets trading, which included stints in London and New York, trading equities and currencies. He has also traded in commodities, equities, futures and options. He has extensive technical-experience and combines this with a fundamental overview.
He has published for SeekingAlpha, where he runs his own subscriber newsletter and graduated with an MSc in finance in 2017.
Crude oil is hovering near the $41.50 level and is looking for a catalyst to test the August highs once again. A weak U.S. dollar is helping the cause but W.T.I. will look to inventories later today for a boost.
The dollar index was lower by 0.35% after Retail Sales from the U.S. economy missed expectations. Traders were expecting a drop in retail sales to 0.5% from 1.9% in the previous month, but the actual number was 0.3%.
USDCNY continues to push lower after the Yuan gained on China's huge RCEP trading pact. The new deal saw 15 nations across the Asia-Pacific region signing up to the world's largest regional free trade agreement.
Amazon stock is set to open higher on Tuesday after the official release of the Amzon Pharmacy business arm. The move had been expected by investors after previous discussions but it may see support for the stock in coming sessions.
EURAUD is up 0.16% on the day after the latest minutes from the Reserve Bank of Australia (RBA) hinted that...
The FTSE 100 index dipped on Tuesday by 0.50% but the strong two week bull run should ensure that one...
EURUSD is looking for a fourth-consecutive day of gains as the pair now trades at 1.1850. Direction could come from the latest retail sales data from the U.S. economy this afternoon.
Crude oil was rallying again on Monday with the price of WTI up 4.5% to trade at $42.00. The price...
GBPJPY was trading higher by 0.25% on Monday despite stronger than expected GDP data from the Japanese economy. The pound is stronger after two key Brexit aides left the government.
The gold price was 0.25% higher on Monday but last week's bearish move still brings the risk of further downside ahead. Gold crashed by $100 last Monday after news of a potential virus vaccination emerged.
GBPUSD was trading above 1.3200 despite another week of fruitless Brexit talks. News on Friday saw Boris Johnson's close Brexit aides Dominic Cummings and Lee Cain departing government.