Report via the Financial Times, with a very straight to the point lead paragraph … French president Emmanuel Macron and other EU leaders will this week insist on tough enforcement rules for any UK trade deal, warning that British prime minister Boris Johnson’s move to override the Brexit treaty has shown Britain’s word cannot be
Month: October 2020
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Gold prices edged lower on Monday, after hitting a three-week high earlier in the session, as the dollar firmed and talks over a new U.S. stimulus package ran into resistance. Spot gold fell 0.2 per cent to $1,925.29 per ounce by 0046 GMT, after hitting its highest level since Sept. 21 at $1,932.96 earlier in
The message sent from the ECB minutes came in more dovish that the meeting statement released a few weeks ago. Policymakers were concerned about the inflation outlook more than previously expected. Despite upward revisions to the economic projections, the members stressed that there were “key downside risks to the medium-term outlook for price stability, mainly
A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level. Apollon FC, using fan token platform Socios.com, won in a friendly match against rivals Aris Limassol, Socios said in a
Range for the day has reached 120 pips The GBPUSD has continued the run to the upside seen in the NY session. The range at the start of the NY session was only 50 pips. That range has been extended by 70 pips to 120 pips so far. Although higher, it is still below the 22 day average of
Here is what you need to know on Monday, October 12: Hopes for a US coronavirus stimulus package led the way at the end of the week. The greenback came under strong selling pressure, ending the week with sharp losses against most major rivals. White House advisor Larry Kudlow said that US President Donald Trump
Speaking on Fox News interview Pres Trump on Fox News says: “It looks like” I am immune In very good shape He’s no longer taking medication Is having a hard time with Pelosi on stimulus talks Other Sunday morning chatter out of Washington includes: WH economic advisor Kudlow: Stimulus talks expected to continue in the
By Julian Lee Covid-19 may do for Big Oil what the Chicxulub asteroid did for the dinosaurs when it struck Earth 66 million years ago. Much like the “terrible lizards,” Big Oil was already in decline before the novel coronavirus hit. The world in which they thrived is changing around them and they face multiple
According to the CFTC Commitments of Traders report for the week ended October 6, NET LENGTH for crude oil futures gained +9 625 contracts to 471 536 for the week. Speculative long position jumped +9 165 contracts, while shorts dropped -460 contracts. For refined oil products, NET LENGTH for gasoline decreased -204 contracts to 56
President Donald Trump’s announcement that no further stimulus talks will happen until after the November election will put a dent in efforts to bring the economy back from its coronavirus pandemic-induced slide, Cleveland Federal Reserve President Loretta Mester said Tuesday. “Certainly, you know, the recovery will continue without it, I think, but it’s going to
Range is above the average range The USDCHF as trended lower with the dollars move lower today. The range today has been an extended 75 pips. That is 21 pips above the average trading range seen over the last 22 trading days. For the week, last Friday the pair closed at 0.9196. The price traded to a
The UK will try out every way to reach a trade deal with the European Union (EU), the British Prime Minister (PM) Boris Johnson told French President Emmanuel Macron on Saturday, Downing Street office cited a read-out of the call. Key quotes “(Johnson) confirmed the UK’s commitment to exploring every avenue to reach an agreement.”
A record daily raise in the number of newly confirmed COVID-19 cases for France. Elsewhere in Europe: The UK reported more than 15,100 new cases on Saturday. Spain has declared an emergency in Madrid for 15 days Germany has introduced new restrictions, including a curfew on bars and restaurants (11pm) A few updates … sheesh
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