USDMXN hits monthly highs as the rebound from six-month lows continue and might gain strength as the USDMXN breached above the 200-day moving average.
Nikolas Papas has been in the finance industry for over fifteen years in roles spanning across Europe and USA and has acquired in-depth knowledge and experience within many aspects of the financial markets. Nikolas has worked for some of Europe’s leading brokers, as an equity analyst, and a trader managing accounts for both private and corporate investors.
AUD to GBP Continues the Correction After Weak Aussie Retail Sales
AUD to GBP hit two-week lows after disappointing Australian retail sales while the Bank of England Governor Bailey yesterday downplayed the speculations of negative interest rates in the UK
EURUSD Bounce From Daily Lows After Better EU Manufacturing PMI’s
EURUSD pare some of the early losses after data showed that the manufacturing sector continues the recovery in Europe.
Bearish Picture for Gold Price As USD Rebounds
Gold price is under heavy selling pressure as the correction from all-time highs accelerates despite weak risk sentiment.
USDSEK Higher After Riksbank Keep Rates Unchanged
USDSEK upside bias continues today after the Riksbank kept the interest rates unchanged at 0% as was expected by analysts. The monetary meeting added nothing new
Ethereum Price Downside Capped At $324
Ethereum is trying to stabilize after yesterday’s sharp sell-off which drove the price almost 40 dollars lower. Fears of a second lockdown in many countries drove investors away from risky assets.
GBPUSD Drops After BOE Bailey’s Comments on Negative Rates
GBPUSD trading lower for the third consecutive trading session on fresh worries for a second lockdown in the UK as the sentiment remains fragile after the sharp correction in Wall Street.
ASX 200 At Three Month Lows – Negative Rates On the Table
ASX 200 index continues lower for the fourth straight session. The correction has accelerated after the index breached below the 100-day moving average the previous week.
Lloyds Share Plunge To Nine-Year Lows on Banking Scandal and Lockdown Speculation
Lloyds share plunge to the lowest level since December 19, 2011, on reports of a banking scandal that rattles the sector across the globe.
FTSE 100 Slumps On Banking Scandal – HSBC, Lloyds, Barclays Down Over 5%
FTSE 100 slumps to the lowest level since September 7 as the coronavirus cases continue to rise in the U.K. and Europe while a report about a banking scandal rattles the banking sector.
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