Euro Retreats from 15-Month High, US-China War in Focus
Euro soared sharply and hit a 15-month high on Wednesday amid investor’s optimism on economic recovery and stimulus package of 750bn euros.
European Stock Futures Steady Despite Asian Markets Retreat
European stock futures are slightly higher after hitting four months high on Wednesday amid the EU stimulus package. The European leaders agree on a 750bn euros stimulus package to help struggling member companies in the form of grants and loans. Along with clinching a historic deal, the EU agreed on a 1.1-trillion-euro budget for 2017-2021, […]
Second Quarter Beat Sent Tesla Shares Higher
Tesla stock price soared sharply following stronger than expected results for the second quarter and a robust outlook for the rest of the year.
US COVID-19 Cases Continue to Mount
EUR/USD hits 18-month high of around 1.1550 this morning. The UK Government abandons hope of US trade deal before autumn. US reports highest number of COVID-19 deaths since June
Snapchat Stock Price Slump on Lower User Growth
Snap stock price plunged sharply after it reported lower than expected user growth for the second quarter.
Euro Soars to Fresh Four Months High, Dollar Struggles
Euro jumped sharply after 27 EU nations agreed on a 750bn euros stimulus deal to help member countries that are struggling due to coronavirus spread.
European Stock Futures Surge as EU Reaches Stimulus Deal
European stock futures rallied sharply following the announcement of a stimulus deal of 750bn euros to support the economies in the wake of coronavirus outspread. The European countries agreed to raise money by collectively selling bonds, and handing out that money to member countries that are hardest hit by the pandemic. Euro Stoxx 50 futures […]
Amazon Stock Rebounds on Street High Target Price
Amazon stock price rebounded sharply on Monday and extend the upside momentum in Wednesday trade to $3200 level.
EU Recovery Fund Meeting In Focus
Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single day Noticeable FX Movements The […]
European Stocks Mixed as Tensions Remain Over €750B Fund
European stock futures are mixed as the 27 EU leaders remain divided over the stimulus plan of 750bn euros. EU leaders fail to conclude a plan on Sunday despite marathon negotiations ran into the third day. The failure of talks has raised investors and analyst’s concerns over the bloc’s viability. The group of Frugal Four, […]
Deere Stock Price Rally on Agricultural Strength
Deere stock price gained momentum over the last couple of weeks amid improving demand for agricultural products.
FX Daily Update – US Session 17th July 2020
Essential Insights Asian equity markets were mixed as covid-19 cases in the US spiked Miami Mayor suggested a stay at home order could be initiated if the situation worsens US President Trump announced a legislation to hold China accountable for actions in Hong Kong surrounding the new security law Disagreements have arose in the White […]