US stocks are set to weaken at the open today, consolidating after gains in the previous session, with investors wary amid few signs of progress over the next virus relief bill.
Daily Market Analysis
European stock markets traded mixed early Thursday, with strong industrial data supporting the German market while the Bank of England kept monetary policy unchanged, offering up a more pessimistic outlook.
The pair bounced off the key resistance at 1.1900. All eyes on the NFP.
Asian equity markets traded mixed amid a lack of fresh catalysts and with the region failing to take advantage of the mild tailwinds from Wall Street.
GBP/USD formed a pin bar with a long lower shadow – a short-term bullish sign.
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If the market gets confirmation that Canadian economy is doing better than the US one, which had a very bad Q2, USD/CAD will suffer.
The risk of a second wave of coronavirus is more likely to put pressure on rates. Risky assets are supported by fiscal and monetary stimulus.
In the United States, the economy was contracted by (worst-ever) 32.9% in the second quarter in 2020, crushed by COVID-19 lockdowns in 2nd quarter.
Where are we going with gold? Let's make a step back - or, rather, travel back in time to throw a strategic look at the gold price.
Three stock market giants are going to share their financial results for the second quarter of 2020. This will bring quite an impact...