Check out the companies making headlines in midday trading.
Archiv für den Monat: Oktober 2020
Crude Oil Prices in Jeopardy Ahead of OPEC JMMC Meeting
Crude oil prices are at risk of breaking lower ahead of the OPEC JMMC meeting on October 19 after the IEA revised down its global demand estimates.
GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Eyes Brexit Latest
GBP caught in the crossfires of back and forth Brexit headlines. Choppy trading conditions to persist.
ForexLive Americas FX news wrap: US retail sales beat estimates
Forex news for North American trade on October 16, 2020:
Markets:
– Gold down $9 to $1899
– US 10-year yields up 1.3 bps to 0.745%
– S&P 500 flat at 3483
There were some big headlines on Brexit and US retail sales today but the market was lackluster. The retail sales report led to a quick bid in USD/JPY
Markets:
– Gold down $9 to $1899
– US 10-year yields up 1.3 bps to 0.745%
– S&P 500 flat at 3483
There were some big headlines on Brexit and US retail sales today but the market was lackluster. The retail sales report led to a quick bid in USD/JPY
Moody’s downgrades UK credit rating to Aa3 from Aa2, outlook stable
Moody’s cuts the United Kingdom
This isn’t entirely unexpected but you hate to see it. Fitch recently affirmed the UK at AA-, which is the equivalent of Aa3. S&P remains one notch higher at AA but it’s under review.
This isn’t entirely unexpected but you hate to see it. Fitch recently affirmed the UK at AA-, which is the equivalent of Aa3. S&P remains one notch higher at AA but it’s under review.
US stocks fade to finish flat on the day with narrow gains on the week
Closing changes for Friday:
On the week:
If you like doji stars just below the highs, then that S&P 500 chart is for you.
On the week:
If you like doji stars just below the highs, then that S&P 500 chart is for you.
CFTC Commitments of Traders: Euro longs continue to lose enthusiasm
Weekly FX positioning data for the week ending October 13, 2020:
The euro net has fallen from a record as concern grows about the coronavirus resurgence in Europe.
The euro net has fallen from a record as concern grows about the coronavirus resurgence in Europe.
Switzerland could be named a currency manipulator this month – Citi
Citi flags asymmetric risk/reward in CHF this month
Citi flags a scope for Switzerland to be named a currency manipulator by the US by US Treasury in October.
Citi flags a scope for Switzerland to be named a currency manipulator by the US by US Treasury in October.