Stimulus hopes remain to keep markets strong
US House Speaker Pelosi said we remain at an impasse in COVID-19 aid talks; Trump admin has called on Congress to pass a stripped-down version of the relief bill.
Tag - gold
Three scenarios for stocks after US election
Saxo Bank claimed that contested election may create the strongest political risk in over a decade, and as a result, lead to the stock’s sell-off.
The UK Economic Recovery looks to have Peaked
UK August monthly GDP comes at +2.1% vs +4.6% m/m than expected
US Stimulus Talks Are Expected in the Day Ahead
US stock markets are indicated to open higher, still supported by hopes of support for the US economy after the administration’s abrupt pivot on Wednesday.
October 8: quiet market
The market is relatively quiet on comments that despite the disagreements, the UK and the EU may come to a deal on time.
Banks forecast gold will rise above $2 000
Citibank announced the bullish short- and medium-term forecasts for gold: $2 200 and $2 400. Jump in to know more!
October 7: markets reversed from yesterday's slump, caused by Trump's tweets
Trump called off stimulus talks between Democrats and Republicans. As a result, stocks and riskier currencies dropped. However, then he reiterated, claiming to fund airlines and small businesses, which improved the market sentiment. Jump in to get fresh analysis of EUR/USD, GBP/USD, S&P 500 and gold!
Market’s Euphoria Keeps Going Despite a Lack of New Stimulus
US stocks slumped after US President Trump announced that he is to walk away from COVID relief talks until after the election.
Gold keeps rallying amid weak dollar
The yellow metal is boosted by the poor performance of the USD. What is the forecast?
Risk On Moves Markets Higher
Read the article to get technical analysis of EUR/USD, USD/JPY and gold!
October 5: Trump's recovery boosted riskier currencies and stocks
Donald Trump announced on Friday that he had been positively tested on Covid-19. However, yesterday doctors announced that his health improved. As a result, safe-haven assets dipped, while riskier currencies and stocks got a boost.
October 2: Donald Trump got COVID-19
Hopes for stimulus on both sides of the Atlantic were dashed by Trump contracting COVID-19. The USD is in the focus again.
