AUDUSD trades 0.07% higher for the third consecutive trading session at 0.6829, as the pair made yesterday a convincing break above the descending trendline which started back in July 2019 and above the 50-day moving average. Investors cheered the Brexit agreement and phase one of the trade deal between US [...]
Brexit will be on the spotlight for one more day as we have a light European calendar which includes only Eurozone August current account balance at 8:00GMT. Oil traders will focus on Baker Hughes US Oil Rig Count due at 19:00GMT. On the other hand we have a busy central [...]
The FTSE 100 has stalled progress on the day after hitting highs on the new Brexit deal, after the Northern Irish party DUP formally rejected the new deal in a statement published a short while ago on Thursday. The highlights of the Democratic Unionist Party (DUP) statement are as follows; [...]
Shares of Netflix rallied early Thursday, adding over 5% to $300.53 following the 3Q earnings release yesterday after the closing bell. Netflix Inc. (NFLX) reported yesterday 3Q results that pleased investors. The results were solid on top-line while the bottom line was impressive. The company reported a profit of $665.2 [...]
Gold price (XAUUSD) is trading within a tight range as the yellow metal seeks to establish a direction for the day. This has been the case with XAUUSD this week as there have been very few headlines to produce a risk-on or a risk-off market sentiment. XAUUSD is trading at [...]
WTI Crude oil prices are trading 0.71% lower today at $52.98 per barrel, as oil prices search for equilibrium after the dismal macro data from the US that increased investors fears about global slowdown. IMF cut it’s global economic growth to 3% the lowest growth rate since the financial crisis [...]
The DAX surged to new multi-month highs earlier today on news that a new Brexit deal has been reached. The deal has been confirmed by Michel Barnier, the Chief Brexit Negotiator on the EU side. According to Barnier, the financial commitments would be respected by the UK, adding in Reuters [...]
FTSE 100 trades 0.58% higher at 7,209.18 on rumours that Brexit deal have been reached. EU’s Juncker said that there is a Brexit deal and GBPUSD jumped to fresh five-month highs at 1.2988. Meanwhile, the Democratic Unionist Party (DUP) reiterated its position that it has reservations about the Brexit deal. [...]
The GBPJPY experienced an initial surge earlier today on reports that a Brexit deal had been agreed by negotiating parties. However, the pair has begun to trade off its daily highs after the Democratic Unionist Party (DUP) expressed reservations a short while ago about the new Brexit deal. The GBPJPY [...]
EURGBP trading 0.40% lower at 0.8591 making fresh five-month lows on rumours that Brexit deal have been reached. EU’s Juncker said that there is a Brexit deal and GBPUSD jumped to fresh month highs at 1.2988. Meanwhile, DUP reiterated its position from earlier today that it has reservations about the [...]
