Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
The Daily Fix
Trader thoughts (video) - the rise and rise of risk assets Risk assets are flying, and news doesn’t matter unless it’s about re-openings or central bank actions. It is all FOMO, TINA and MOMO, but…
Major US Equities in Red; Currencies Mixed Against…
Equity Markets The vaccine optimism faded overnight as investors are focusing on the struggles of reopening economies and the precautions in place to contain the spread of the virus, while also questioning the results of…
Joint HM Treasury and Bank of England Covid…
Although the magnitude of the economic shock from Covid-19 is highly uncertain, activity is likely to weaken materially in the United Kingdom over the coming months. Temporary, but significant, disruptions to supply chains and weaker…
O2 Merger Takes BT Breath Away, Pound Up…
[caption id="attachment_366086" align="alignleft" width="300"] Bank of England[/caption] The British pound has popped higher after the Bank of England decided to keep interest rates on hold. A surprising annual rise in Chinese exports has bolstered overall…
Yen, Dollar Up, Risk Currencies, EMS Drop on…
Summary: The Dollar took a defensive role, climbing against its rivals bar the Japanese Yen, amid worsening economic data and trade war fears. US private payrolls in April showed a record of 20.236 million jobs…
MARKET WRAP: Nerves before US jobless claims &…
Nerves before US jobless claims & Bank of England [caption id="attachment_364414" align="alignleft" width="300"] Trading nerve after European open[/caption] European markets have opened with a softer tone on Thursday. There are some nerves before the release…
BOE: Consolidated Market Notice for USD Repo Operations…
This Market Notice describes the operation of the Bank of England’s USD Repo Operations. It consolidates the currently effective provisions of previous Market Notices in relation to the Bank’s USD Repo Operations and so replaces…
GBP/USD Bearish on Doubts of BOE’s Stimulus Measures
[caption id="attachment_363760" align="alignnone" width="650"] GBPUSD Hourly (H1) Chart[/caption] GBP/USD: The pair is trading with clear dovish bias today with GBP testing an intra-day low of 1.2720 as doubts on BOE and UK government’s stimulus measures…
