Gold gains some positive traction on Friday and moves away from month-long lows. A dovish USD price action and weaker risk appetite support the move higher. The technical setup supports the prospects for a further decline and warrants caution for the bulls. Prices of the Gold is moving with a slight positive bias during the […]
Tag: Coronavirus
GBP / USD recovers towards the 1.2950 region
A dovish USD price action offers some support for GBP / USD on Friday. The prevailing sentiment of risk aversion could help limit the retracement of the safe-haven USD. Fears of new restrictions due to COVID-19 in the UK should limit strong gains. The pair GBP/USD It has quickly recovered around 60 pips from just […]
USD / JPY bounces near 104.10, still not out of the woods
USD / JPY attempts a bounce from near the 104.10 level. The bears are still looking for a test of the September lows at 104.00. The pair remains at the mercy of risk trends and USD dynamics. The pair USD/JPY moves lower during the European session on Friday, trading around the 104.40 region after managing […]
Germany reports another record daily increase of 18,681 new cases, most of the country considered “high risk”
Germany has reported another record daily increase in coronavirus infections, an increase of 18,681 new cases. as the latest statistics released by the Robert Koch Institute (RKI) on Friday have shown. The number of total cases now stand at 499,694, close to the 500,000 level. On Thursday, the total count increased by 16,774. New deaths […]
USD / CAD reaches new session highs, around 1.3350, after the drop in oil prices.
A further drop in oil prices weakened USD / CAD and helped the pair regain traction. Political uncertainty in the US prevented the dollar bulls from making new bets and could limit gains. Investors are now looking at the Canadian GDP report and US macroeconomic data for some significant opportunities. The pair USD / CAD […]
The Minister of Finance expects the country’s economy to contract by 11% in 2020
It is anticipated that French economy to contract by 11% in 2020said French Finance Minister Bruno Le Maire after preliminary third-quarter GDP rebounded 18.2% versus + 15.4% expected. “We will have a fourth quarter economy that will be tough,” Le Maire added. The discouraging comments come after France reported 47,637 new confirmed coronavirus cases in […]
Fear returns before Halloween amid rising covid and electoral uncertainty
This is what you need to know to trade today Friday 30th of October: Markets are on the defensive again on Friday after recovering on Thursday. The ECB said it would act in December amid the virus resurgence, while cases in the United States hit a new record. GDP releases in the Eurozone and Canada, […]
23,065 new cases confirmed Wednesday, 280 deaths
There were 23,065 new infections confirmed by coronavirus in the UK as of Thursday morning, UK government data showed, according to Reuters. This reading followed Wednesday’s increase of 24,701. More details from the report revealed that there were 280 deaths within 28 days of testing positive, compared with 310 on Wednesday. Market reaction These figures […]
The coronavirus buries in Mallorca a century of artificial pearls and their secret formula
The artificial pearl business on the island of Mallorca has survived the Spanish flu, two world wars, the Civil War, but has not been able to overcome the coronavirus. Majorica, emblem of the island, and with about 300 workers, has entered into bankruptcy. The company has requested that a bankruptcy administrator take over the […]
EUR / GBP remains defensive below 0.9050 after ECB / Lagarde
Post-ECB selling around the euro helped the EUR / GBP rebound away from 0.9000. The intraday recovery move attempt faltered near a downtrend line resistance. The EUR / GBP cross rose more than 50 pips from the two-week lows and updated the daily highs, around the 0.9060 region in the last hour, although it quickly […]
