June 3, 2020 7:13 am
Having retreated to lows unseen since May 15th on Tuesday, EUR/GBP steadied in early European trade on Wednesday ahead of key services and employment data coming out from both the EU and the UK. The single currency gained ground on expectations that the European Central Bank will expand the size of its Pandemic Emergency Purchase […]
Read moreJune 2, 2020 12:00 pm
GBP/USD extended earlier gains and touched a fresh one-month high during late European trade on Tuesday, as the Pound was backed by indications that Britain may be open to a compromise on sticking points, as the next round of negotiations over Brexit kicks off. The US Dollar remained broadly weaker against major peers, retreating to […]
Read moreJune 2, 2020 9:24 am
Gold prices retreated from Monday’s 1 1/2-week highs during European trade on Tuesday, as optimism over gradual economic recovery seemed to have weighed on safe haven demand. However, concerns over strained relations between Beijing and Washington as well as riots in major US cities kept Gold’s intraday loss limited. “It appears that there are factors […]
Read moreJune 2, 2020 7:20 am
Sterling advanced for a second straight day on Tuesday, pushing EUR/GBP down to lows not seen since mid-May, as support was drawn from investor confidence over economic recovery after Britain eased certain lockdown restrictions and the latest PMI data from the UK met market expectations. A report by IHS Markit/CIPS on Monday showed that activity […]
Read moreJune 1, 2020 12:13 pm
GBP/USD remained in proximity to fresh three-week highs during late European trade on Monday, as the US Dollar was mostly weaker against its major peers while Britain eased certain lockdown restriction-related measures. New rules, which came into effect on June 1st and are not valid for Wales, Scotland and Northern Ireland, allow groups of up […]
Read moreJune 1, 2020 9:48 am
Gold prices rose for a third straight day on Monday, reaching highs unseen since May 21st, on weaker US Dollar and as unrest in major cities across the United States and rising tensions between Beijing and Washington over Hong Kong triggered a rush to safe haven assets. The streets of major US cities have been […]
Read moreJune 1, 2020 7:01 am
Following three successive weeks of losses against the single currency, Sterling began the new week on a stronger footing, distancing further from Friday’s two-month lows, as Britain emerges from lockdown. From June 1st residents in England will be able to meet outdoors in groups of up to six, while people who are not from the […]
Read moreMay 31, 2020 7:43 pm
Zoom Video Communication(ZM) shares have been trading in a robust longterm uptrend since the beginning of this year, as indicated on the price chart below. The video conferencing company’s business accelerated during the COVID 19 pandemic lockdown, which saw a rise in personal and office use on its platform. ZM shares finished Friday’s session at […]
Read moreMay 29, 2020 11:45 am
GBP/USD maintained ground above the 1.2300 mark during late European trade on Friday, mostly on weaker US Dollar, while risks such as Brexit uncertainty, rising debt, sluggish recovery and negative interest rates continued to weigh on Sterling, restraining the upside. “The medium-term outlook remains negative for sterling as the no-deal Brexit anxieties will likely curb […]
Read moreMay 29, 2020 9:18 am
Having retreated to a two-week low on Wednesday on economic recovery optimism, Gold prices edged up for a second straight day on Friday, as worsening relations between Beijing and Washington seemed to have taken hold of market sentiment, supporting demand for safe haven assets. The precious metal is also poised to register its second straight […]
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