Covid-19 may have a role to play in spurring banks to roll out commercially viable blockchain products, one expert said.
S&P 500 Weighed by Stimulus Uncertainty Amid Virus Resurgence
The S&P 500 index may pull back further due to a lack of stimulus clarity amid rapidly climbing Covid-19 cases. IMF painted an uneven recovery outlook, with more policy action needed.
Crude Oil Price Outlook Volatile as Covid Clashes with Vaccine Hope
Crude oil price volatility looks set to linger as outlook for the commodity closely tied to GDP growth remains clouded by near-term downside risks undermining COVID-19 vaccine optimism.
Euro Forecast: EUR/USD Outlook Worsens After EU Recovery Fund Vetoed
With the markets focused on coronavirus vaccines, it was easy to miss news last week that Poland and Hungary have blocked the EU’s recovery fund; another potential negative for the Euro.
Gold Price Outlook: XAU/USD Still Primed for Higher Ground
Gold prices fell for a second consecutive week as inflation expectations eased after a U.S. political shift. A dispute between the Federal Reserve and Treasury is boosting gold prices, will momentu…
ForexLive Americas FX news wrap: Canadian retail sales beat estimates
Forex news for New York trading on November 20, 2020:
Markets:
– Gold up $4 to $1870
– US 10-year yields down 0.5 bps to 0.82%
– WTI crude oil up 41-cents to $42.15
The tone overnight was poor on the Fed-Treasury fight over emergency money, along with virus worries. But it improved in early trading in part because of
Markets:
– Gold up $4 to $1870
– US 10-year yields down 0.5 bps to 0.82%
– WTI crude oil up 41-cents to $42.15
The tone overnight was poor on the Fed-Treasury fight over emergency money, along with virus worries. But it improved in early trading in part because of
US equities finish the week on a soft note
Closing changes for the main markets
On the week:
On the week:
Fitch downgrades South Africa to BB- from BB, outlook negative
South Africa cut further
That’s a poor rating for a sovereign issuer.
That’s a poor rating for a sovereign issuer.
Toronto to move into lockdown mode on Monday – Premier
Ontario premier announces new covid curbs
Ontario premier Doug Ford announced that Toronto and the nearby region of Peel will head into a lockdown on Monday. This will include the closure of all restaurants and non-essential retail.
Ontario premier Doug Ford announced that Toronto and the nearby region of Peel will head into a lockdown on Monday. This will include the closure of all restaurants and non-essential retail.
CFTC Commitments of Traders: Yen longs back off
Weekly FX positioning data for the week ending November 17, 2020:
The
only notable change this week is the drop in yen longs but that’s
simply a reversal of last week’s move. Overall, there has been
surprisingly little movement since the election, despite all the
volatility.
The
only notable change this week is the drop in yen longs but that’s
simply a reversal of last week’s move. Overall, there has been
surprisingly little movement since the election, despite all the
volatility.