EURGBP moved higher on Wednesday after France threatened to veto any Brexit agreement if it didn't suit their terms. The move is another worry for the Brexit process...
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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.
The USD ZAR was higher by 0.55% today as the pair tries to bounce from support at the 15.20 level....
Crude oil prices dipped below the $45.00 price level after OPEC pushed their supply decision out to Thursday and API figures showed a surprise inventory build. Trades were pleased to see the U.K. become the first country to pass a vaccine and this will roll out in the country from Monday.
Crude oil was higher by 0.75% on Tuesday as OPEC entered the second day of talks to decide on their course of action with supply cuts. W.T.I. crude was finding buyers at the $45 level
EURGBP was lower on Tuesday as the market absorbed weaker German inflation numbers and a buoyant U.K. housing market with a 13-yr high in mortgages.
The Dax index is 0.70% lower in early-Monday trading as Asian stocks drop on the potential for U.S. sanctions. The...
Gold prices were $5 lower (0.3%) in early-Monday trading after the precious metal failed to hold a bounce from the $1,800 support level on Friday.
Gold has been struggling over the last three weeks despite...
Gold prices were on the defensive in Friday trading as the precious metal continued its descent with a break below $1800. After mounting a weak bounce from the support, the price of gold now trades at $1785.
Bitcoin was lower on the day but looking for support above $17,000 as the coin looks to recover from Thursday's price rout. The world's largest crypto was trading near $19,600 with a shot at the all-time highs, but the price crashed to lows of $16,218.
USDTRY is lower for a third straight day but the pair is looking to secure a low after France prepared to pursue sanctions against the country. France are expected to propose the measures next month, alongside Greece and Cyprus but have been unable to get the backing of other EU governments.
EURUSD was trading above the 1.19 level on Friday as the single currency inches closer to the 2020 highs near 1.20. The real question will be what the European Central Bank does when it gets there.
GBPJPY is drifting lower for a second day as the UK and EU restart in-person Brexit talks this weekend. The talks went virtual after a member of the EU side tested positive for the coronavirus.