CADJPY has given up Monday’s vaccine-related gains after oil prices faded into the weekend. The week began strongly for the...
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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.
EURUSD was trading flat on Friday as European GDP came in near expectations. The dollar is also under some pressure as virus cases continue to surge in the United States.
The S&P500 saw a spike to record highs on Monday with news of a potential coronavirus vaccine from U.S. drugmaker...
The EURJPY saw a strong rally this week after the news of a potential vaccine for coronavirus. The pair moved 225 pips higher to test the 125.00 level but has now pulled back towards 124.00. A move above the resistance level is still possible in the days ahead.
The Dax index has retreated from a move higher to test the September resistance levels around 13,315. Friday will see the release of another Q3 GDP estimate for the Eurozone.
The US Dollar index was trading near unchanged after the latest inflation figures from the U.S. economy showed a slightly...
GBPAUD has moved lower in the last two sessions after sterling had rallied from the 1.8000 level. The pair is trading within a well-defined range and a breakout could see a move of 300 pips in either the Aussie or Sterling's favour.
Dow Jones Industrial futures are set for a lower open with the index down 230 points (0.80%) in early trading....
Gold saw a small bounce on Tuesday after Monday's collapse on news of a potential vaccine. The price reversed again on Wednesday to test the key $1863 support and the price action here will define the next path forward for the precious metal.
Oil prices were up 0.25% on Thursday despite giving up gains into yesterday's close. Black gold almost hit $43.00 yesterday but pulled back to close at $41.50. This is still an 11% gain for the commodity this week after news of a potential coronavirus vaccine lifted demand hopes.
Facebook was 1.9% higher in the first half hour of Wednesday trading as the stock rebounds from weakness in tech...
Amazon (AMZN) stock is selling off this week as the Nasdaq gets hit by the news of a vaccine for the coronavirus. Investors are now talking of a great rotation into 'bricks and mortar' and value stocks.