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European Equities: Futures Point to a Jump at the Open

The MajorsIt was a bearish end to the week for the European majors on Friday, with the DAX30 falling by 1.09% to lead the way down. The CAC40 and EuroStoxx600 saw more modest losses of 0.69% and 0.10% respectively.Market concerns over the economic recovery and the latest spike in new COVID-19 cases
Hedge Funds flee bullion bets at fastest pace since March, BBG reports. Gold's rally is stumbling, and hedge funds are taking note. Money managers cut their bullish bullion bets as a rebounding dollar...

Fitch affirms UK at 'AA-'; Outlook negative

Late Friday, the US-based Fitch Ratings affirmed the UK’s sovereign credit rating at 'AA-' with maintaining a negative Outlook. Key takeaways “The Negative Outlook reflects the impact the coronavirus pandemic is having on the UK economy and the resulting material deterioration in the public finances


#GBP/USD# The GBP/USD is looking great as a long opportunity as soon as the wedge is broken but I expect a short sell off before it materializes as great buy in opportunity

Dollar pares initial gains on rise in U.S. stocks

The greenback pared intra-day gains made in Asia and European morning and ended Thursday mixed due to profit-taking as well as improved risk sentiment in New York as U.S. stocks snapped their recent losing streak and ended the day higher.      Reuters reported U.S. initial claims for state unemploym

Australia reports Trade Surplus of AUD4,294 million in August, as both imports and exports drop

According to the Preliminary August Trade Balance data published by the Australian Bureau of Statistics (ABS) on Friday, “while both exports and imports declined in August 2020 a goods trade surplus of $4,294m (original, current price, merchandise trade basis) has been recorded”. Key details “Export
Still a sideways recovery (or worse) for the number of small businesses open. No surprise that Leisure & Hospitality sector still hurting most. #trading# [[1,#EconomicCalendar#,10003855...
Growth in employment by skill from Jan 1990 to Feb 2020 (left) & January 2020 to August 2020 (right): shows how pandemic has wiped out many low-skilled, low-paying jobs that had seen strong gains; has...

UK, UK...Work from Home, Pubs to close at 10pm, Brexit concerns...Dear GBP, how will you fare under all these?

The GBP/USD was seen to hit the lowest level since July which is 1.2709.UK PM Boris Johnson has outlined new restrictions in the UK in view that cases are doubling every 7 -20 days. All pubs are to be closed by 10pm and office works are urged to work from home if possible. The Governor of Bank of En
19 Sept
16 Sept


#XAU/USD# look for a breakout in smaller time frames
15 Sept
14 Sept

U.S., California to unveil Daimler diesel emissions settlement: sources

WASHINGTON (Reuters) - U.S. and California officials will on Monday disclose the terms of Daimler AG (DE:DAIGn)'s $1.5 billion settlement to resolve a long-running government investigation into its use of software to cheat diesel emissions tests, four people briefed on the matter told Reut
10 Sept
% of 18-to-29-year-olds in US living with a parent: 1920 42%; 1930 43%; 1940 48%; 1950 35%; 1960 29%; 1970 31%; 1980 32%; 1990 36%; 2000 38%; 2010 44%; 2020 52% (this is too many). ...
10 Sept

China Inflation Slows; PPI Falls At Slower Pace

China's inflation eased in August on slowing pork price growth and factory gate prices continued to decline, but the pace of drop slowed from the last year. Consumer price inflation slowed to 2.4 percent in August from 2.7 percent in July, the National Bureau of Statistics revealed Wednesday. The ra

Pull-up Update