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Asian markets open the week mildly lower on concerns of another coronavirus outbreak in Beijing. Yen, Swiss Franc and Dollar are trading generally higher. Aussie is leading commodity currencies lower.
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GBP/USD stabilises above lows as PM Johnson confirms England lockdown

GBP/USD saw little reaction when the UK PM confirmed earlier government leaks that England will enter a stricter lockdown. Prices are currently consolidating just above the 1.3550 mark after a day of steep losses. GBP/USD has flatlined just above lows of the day just under 1.3550 set midway through

The COVID-19 Vaccine and Market Implications

As the COVID-19 vaccine is released, life will revert to the “old normal”. However, that doesn’t necessarily mean it will be good for the markets! It has been over a year since the first cases of the COVID-19 were diagnosed in Wuhan, China. As a result of the virus, we have seen an unfathomable glob

Dow Ends Lower on Fears Fresh Restrictions Await as U.S. Deaths Top 300,000

Photo: Reuters (Investing.com) - The Dow closed lower after easing from record intraday highs Monday as investors weighed up the risk of further restrictions in the U.S. against optimism over the Pfizer-BioNTech vaccine rollout and renewed efforts on Capitol Hill to reach a stimulus deal. The D

BREAKING: U.S. Jobless Claims Leap to Highest Since September

Photo: Reuters Investing.com -- The number of people making initial claims for jobless benefits in the U.S. surged to their highest in nearly three months as the latest wave of the Covid-19 pandemic took an increasingly visible toll on the labor market. The Labor Department said that 853,000 people

BREAKING: California Faces Strict New Coronavirus Lockdowns; Some Sheriffs Push Back

Photo: Reuters LOS ANGELES (Reuters) - More than 23 million people in Southern California were preparing on Sunday for the harshest lockdowns in the United States as COVID-19 cases spiked to record levels in the country's most populous state. The restrictions in California, ordered by Governor Gavin

BREAKING: Nasdaq Advances Amid Expectations That Technology Stocks May Benefit From New Lockdowns

In a reversal of the performance seen on Wednesday, stocks moved higher late in the trading day on Thursday after turning in a lackluster performance for much of the session. The major averages all moved to the upside, with the tech-heavy Nasdaq outperforming its counterparts. The major averages fin

BREAKING: Dow Ends Lower as Bulls Retreat on COVID Restrictions, Boeing U-turn

Investing.com - The Dow ended lower following late-day selling Wednesday on signs of further Covid-19 restrictions in the U.S. that threaten the pace of the recovery, and an intraday reverse in Boeing. The Dow Jones Industrial Average fell 1.16%, or 345 points. The S&P 500

BREAKING: U.S. Housing Statistics Blow Exceed Expectations but COVID-19 Poses Risk

WASHINGTON (Reuters) - U.S. homebuilding increased more than expected in October as the housing market continues to be driven by record low mortgage rates, but momentum could slow amid a resurgence in new COVID-19 infections that is putting strain on the economic recovery.The report from the Commerc

BREAKING - Goldman Sachs Plans for Fresh ‘Modest’ Layoffs

(Photo: Bloomberg) Wall Street investment banking giant, Goldman Sachs is preparing for further job cuts months after it decided to trim around 400 positions, Reuters reported on Wednesday. The exact number of the upcoming job cuts at Goldman Sachs is not known yet. The bank only admitted to going

BREAKING - U.S. Economy Grew in Third-Quarter Yet Zero Impact to Election

WASHINGTON (Reuters) - The U.S. economy grew at a historic pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. Illustration photo of Gros

BREAKING - Dollar Firms, Euro Hurt After ECB Signals Further Easing

TOKYO (Reuters) - The dollar firmed on Friday and the euro shrank near a four-week low against the greenback after the European Central Bank (ECB) hinted further monetary easing by the end of the year. Illustration photo of European Central Bank (ECB) from Open Business Council The euro’s overnight

[BREAKING] Democratic Sweep is the Best Chance for the U.S. Economy's Recovery - Reuters Poll

BENGALURU (Reuters) - The outlook for the U.S. economy has dimmed in the run-up to the presidential election, according to a Reuters poll which showed that a recent resurgence in novel coronavirus cases ran a high risk of halting the economic recovery. Illustration photo of business closing from Pi

[WEEKLY NOTION] Investing.com - Multi-Day Forex Moves May Happen Soon - Oct 27, 2020

This is a big week in the markets. Not only will time run out completely if the White House can’t compromise with House Speaker Nancy Pelosi, but the second COVID-19 wave caught European nations completely unprepared. Many are tightening restrictions to control their outbreaks. Unfortunately, t

Tickmill U.K. Sees 150% Y-o-Y Revenue Jump In Q1 2020

Photo: Tickmill U.K.Tickmill U.K. Ltd. the British operation of the similarly named group company, has published its detailed financials for 2019, ending on December 31, showing solid growth across all key metrics. The exchange further posted a 150% jump in its year-on-year Q1 2020 revenue.The


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