The Greenback ventured to a two-week high against a basket of major currencies on Friday morning, amid investor optimism over U.S. tax reforms.Today’s main risk event for the Dollar will be the U.S. non-farm payrolls report, to be released later today, which should offer fresh insight on the health...
Here are the latest developments in global markets:FOREX: The dollar rallied overnight against its counterparts on news that US lawmakers agreed to temporarily extend the government spending bill, a day before the deadline on Friday. The pound was on track to post a second day of gains as concerns over a...
Talking PointsThe political noise is still something which investors needed to be mindful Friday’s job number is going to significantly shape the expectations for the fourth quarter. We expect the November payroll number to be at 198K keep in mind that the 12 month average is at 167KMore...
European Commission to Recommend Moving onto Phase Two of Brexit Negotiations European equity markets are poised to open higher on Friday, buoyed by the news that the UK and the EU have come to an agreement on the three contentious issues that make up phase one of the Brexit negotiations.After...
The UK and the EU have made sufficient progress in the Brexit talks, and now they can move on the trade aspect of the negations.The political mood has been lifted, but the FTSE 100 is underperforming its Continental counterparts due to a firmer pound.The DAX has been given a boost after Martin Schulz,...
Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin’s Wild West-like nature could overshadow the debut. The first bitcoin future trades kick off Sunday at 6 p.m. EST (2300 GMT) on Cboe...
TD FX Strategy Research discusses the USD outlook and argues that its recent gains are likely to be short-lived on possible reversal into the US jobs report on Friday."The $ has staged a modest rebound in the past few days, rallying against most of the G10 low-yielders....The trading signal is...
Bitcoin continued its staccato march skywards on Wednesday, with prices achieving fresh all-time highs above $12,600. At the moment the momentum traders are further fuelling the bubble with speculative longs but this could be about to change. What’s driving Bitcoin prices higher? Casting around for causes for these fresh gains, you...
Trump’s decision to recognize Jerusalem as the capital of Israel and move the U.S. embassy to the new capital, was the major news headline yesterday. Despite many warnings from Arab and European leaders that the move would have dangerous consequences, financial markets seem to have ignored the risks for...
Talking PointsAnother 8% gain would push the Bitcoin price to 14K A major correction could be on cardsBitcoin smashed another record high of $12,882. It appears that the momentum is unstoppable and we do think that the 14K level could reach before the bitcoin futures start trading on...