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Dec 23, 20 •
1466 Views •
Market Commentaries •
saed shalabi
Comments Off on US equities struggle for direction; US dollar makes ground; euro slips while sterling trades in tight ranges
Despite market optimism that the Pandemic Relief Bill was finally inching closer to becoming law, the leading US equity markets struggled to maintain the bullish momentum built up over recent weeks. Although the NASDAQ 100 printed a new record high during the...
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Dec 22, 20 •
1484 Views •
Market Commentaries •
saed shalabi
Comments Off on Equities slump before the US stages a recovery, gold experiences huge swings, GBP slumps
Futures markets sold off sharply once markets opened on Sunday evening, early Monday morning. The cause of the broad-based sell-off was various. The UK had revealed a new variant and strain of the Covid virus earlier in the previous week. The country then...
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Dec 21, 20 •
1738 Views •
Market Commentaries •
saed shalabi
Comments Off on South East UK enters harsh lockdown, Brexit agreement drifts again, Biden begins to lay out his vision
The UK pound is likely to come under intense scrutiny during the week leading up to the Xmas holidays. On Saturday, December 19, the UK prime minister announced that a vast area of the UK would enter a tier 4 system: the harshest Coronavirus lockdown...
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Dec 18, 20 •
1735 Views •
Market Commentaries •
saed shalabi
Comments Off on SPX500 reaches a record high despite horrendous jobless data as USD slumps further
The main equity markets in the USA rose for the second day in series on Thursday to reach record highs in anticipation of the Pandemic Relief Bill finally getting approved. The USA is not experiencing any form of unified coronavirus lockdown, it varies state...
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Dec 17, 20 •
1386 Views •
Market Commentaries •
saed shalabi
Comments Off on Fed leaves rates and policy unchanged, as US retail sales figures disappoint
The Federal Reserve left interest rates unchanged at 0-0.25% during their December policy meeting. Jerome Powell The Fed chair announced the central bank would continue to buy $120 billion of bonds each month until they observe improvements in the US...
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Dec 16, 20 •
1184 Views •
Market Commentaries •
saed shalabi
Comments Off on US equity markets approach record highs: oil rises to February levels based on stimulus optimism
Wall Street is now optimistic that the bipartisan Covid Relief Bill which would inject cash directly into the working and middle-class economy where it’s needed most will finally receive approval by Wednesday. Investors’ collective mood improved further...
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Dec 15, 20 •
1221 Views •
Market Commentaries •
saed shalabi
Comments Off on Dollar falls as US equity markets await the stimulus; sterling rises as Brexit deal looks more likely
USD came under pressure versus its main peers during Monday’s trading sessions, illustrated by the dollar index (DXY) trading down -0.29% on the day. At the same time, the leading US equity indices gave up their gains during the New York session as...
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Dec 14, 20 •
1609 Views •
Market Commentaries •
saed shalabi
Comments Off on Brexit talks extended while Democrats, believe the pandemic bill gets agreed in full on Monday
One of the significant macroeconomic issues currently dominating western markets looks as if it’s finally heading for a resolution while another appears set for a further extension. Pandemic Relief Bill will get agreed according to Democrats News emanating...
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Dec 11, 20 •
1609 Views •
Market Commentaries •
saed shalabi
Comments Off on Euro reacts positively to the ECB decision to extend stimulus
On Thursday, the ECB (European Central Bank) kept rates unchanged and agreed to increase the Pandemic Emergency Purchase Programme by an extra €500 billion to €1.85 trillion and extend it to the end of March 2022 to maintain liquidity and shore up the...
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Dec 10, 20 •
1173 Views •
Market Commentaries •
saed shalabi
Comments Off on Sterling trades in a wide range as Johnson desperately seeks Brexit deal from European peers
The UK prime minister headed to Brussels on Wednesday to seek a last-minute deal from Europe as the Brexit clock ticks down. The UK continue to use the distraction of fishing rights and sovereignty as the stumbling blocks, and that pitch and deflection...