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China's Single's Day sales were impressive, but the focus is on the new antitrust action that threatens to curtail the growth of its internet giants like Alibaba. Sterling has been underpinned by the pendulum of market expectations swinging away from negative interest rates. While...
The consequences of the U.S. presidential election and positive news on a Covid-19 vaccine/treatment are being felt not just in stocks and bonds, but in the world's currency markets.The U.S. dollar - seen as a safe-haven asset - has sold off sharply over the last five days, sending the Dollar...
Emerging market currencies and the majors that benefit from world growth outperformed the perceived safe-havens, like the yen and the Swiss franc. Yesterday's violent moves may have been an overreaction, but today's action is more consolidative than a reversal. The dollar is tradi...
Boris Johnson is vowing to press ahead with legislation designed to override the Brexit deal on Northern Ireland after the U.K.'s House of Lords voted late Monday to remove the most controversial parts of the Internal Market Bill.While the government has admitted the legislation breaches part...
The new week has begun with robust risk appetites, driving stocks higher and sending the dollar broadly lower. The greenback fell by 2% against the Canadian dollar last week, the largest decline in five months. The dollar was weaker against nearly all the world's currencies, but t...
EUR/GBP has been moving higher, albeit slowly, over the past few months. Further upside can probably be expected, considering that the U.K. faces heightened uncertainty post year-end, after its trade deal deadline passes. The U.K. may be able to formalize a trade deal with the EU ...
The US dollar had one of its worst weeks of the year. Many participants were caught wrong-footed by the dollar's drop and the sharp drop in US yields. The broad dollar weakness is making it difficult for the PBOC to resist a stronger yuan. For further details see: Bears ...
Despite escalating trade tensions with China, Australia reported a much larger-than-expected trade surplus for September. German factory orders were weaker than expected in September, suggesting that Europe's largest economy may have entered its new social restrictions with fading eco...
U.S. presidential elections and the spread of coronavirus are two most important themes impacting the global foreign exchange market right now. The Swiss franc and Australian dollar look "overvalued." The Canadian dollar is the most "undervalued" currency among the majors. F...
Another round of stimulus has been launched in England as the country enters a second lockdown that runs from today until December 2.The U.K.'s central bank boosted its bond-buying program by a larger-than-expected £150B, taking the government's purchase target to to £875B to help t...
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On Tuesday, May 7th, U.S. stock markets closed mixed, with the S&P 500 and Dow Jones Industrial Average ending slightly higher, extending their...
On Monday, May 6th, U.S. stock markets closed higher for the third consecutive session, fueled by increasing investor optimism about pote...
On Friday, May 3rd, U.S. stock markets surged, with a softer jobs report reinforcing the argument for Federal Reserve rate cuts while highlighting ...