The longer-term EUR/USD outlook will hinge on Thursday’s ECB guidance; any hint of a further easing of Eurozone monetary policy would weaken it, but that is far from guaranteed.
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Gold Forecast: XAU/USD at the Mercy of a Fiscal Stimulus Deal
Gold prices lack broader direction as the precious metal trends sideways amid conflicting fundamental signals largely due to swings in real yields around fiscal stimulus negations.
The SNB may have to sell part of its >$100 bn US stock portfolio
An ICYMI on the Swiss National Bank and the campaign being waged in Switzerland to ban it from investing in defence companies.
The vote is on November 29.
The vote is on November 29.
PBOC Governor Yi Gang says will reduce restrictions on cross-border use of the yuan
People’s Bank of China Governor speaking on Saturday at the Bund Summit conference held in Shanghai:
Report comes via .
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China has plans to promote the yuan’s use as a reserve currency.
Report comes via .
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China has plans to promote the yuan’s use as a reserve currency.
Brazil will import Chinese-produced coronavirus vaccine Sinovac for trials
Brazil’s President Jair Bolsonaro said last week China lacked the creditability to develop a cure for the coronavirus.
Whoops.
Now a Sao Paulo research centre, partnered with China’s Sinovac Biotech Ltd, was granted “exceptional” permission to bring six million doses fo the COVID-19 drug into the country for phase three trials.
Whoops.
Now a Sao Paulo research centre, partnered with China’s Sinovac Biotech Ltd, was granted “exceptional” permission to bring six million doses fo the COVID-19 drug into the country for phase three trials.
ForexLive Americas FX news wrap: Back and forth but relatively subdued
Forex news for North American trading on October 23, 2020:
Markets:
– Gold down $2 to $1902
– US 10-year yields down 2 bps to 0.836%
– S&P 500 up 12 points to 3465 (down 0.5% on the week)
We may have settled into a pre-election lull as it was a day of ebb and flows but not much conviction.
Markets:
– Gold down $2 to $1902
– US 10-year yields down 2 bps to 0.836%
– S&P 500 up 12 points to 3465 (down 0.5% on the week)
We may have settled into a pre-election lull as it was a day of ebb and flows but not much conviction.
S&P affirms UK sovereign rating at AA with a stable outlook
S&P keeps the UK steady
Last week Moody’s downgraded the UK to Aa3, which is the equivalent of AA- in S&P terms. Fitch is also at AA-.
S&P is not dissuaded by Brexit and mounting debt, evidently.
Last week Moody’s downgraded the UK to Aa3, which is the equivalent of AA- in S&P terms. Fitch is also at AA-.
S&P is not dissuaded by Brexit and mounting debt, evidently.
Philipp Welte: Dieser Mann soll bei Burda die Verlagsaktivitäten neu bündeln
Der Münchner Medienkonzern sortiert sich neu – und hat wieder einen operativen „Verleger“. Philipp Welte bekommt mehr Macht als „Mister Print“.E-Auto-Pionier: Tesla muss in China rund 50.000 Fahrzeuge zurückrufen
Wegen Problemen bei der Radaufhängung müssen Tausende Autos der Modellreihen S und X in die Werkstätten zurückgeholt werden. Die Aktie gibt nach.Stahlindustrie : Schweden wollen Teil von Tata Steel kaufen – für Thyssen-Krupp dürfte das zum Problem werden
SSAB will das europäische Herzstück des Tata-Konzerns übernehmen. Das hätte Auswirkungen auf den Bieterprozess für Thyssen-Krupps Stahlsparte.