Trading news

Stocks Continue to Drift North, GBP Slides on Election Polls

Most major indices continued sailing north yesterday, boosted once again by news and headlines that the US and China are getting closer into singing a “phase one” deal. In the FX world, a day ahead of the Thanksgiving Day, USD-traders are likely to pay some attention to the yoy core PCE rate, which is the Fed’s favorite inflation gauge. The pound slid yesterday, after opinion polls showed that the Conservative Party’s lead is narrowing.

 

US-China Optimism Keeps Sentiment Supported, Pound Slips on Polls

The dollar traded mixed against the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained versus GBP, CHF, AUD and JPY, while it underperformed versus SEK and CAD. The greenback was found virtually unchanged against EUR, NZD and NOK.

Once again, looking at the performance in the FX sphere, we don’t get a crystal-clear picture with regards to the broader market sentiment. However, the slight weakening of...

Read the full financial markets daily report on JFD Research.

JFD Review

Wednesday, 27 Nov, 2019 / 9:10

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.jfdbank.com/en/research/stocks-continue-to-drift-north-gbp-slides-on-election-polls-20191127

Trading news

 

Equities Rise On Positive Trade Deal News

Equity markets broke fresh ground on Thursday. Reports indicate that [...]

Posted on Friday, 13 Dec, 2019 / 2:19 under

Pound storms higher as Tories win; stocks hit new records on US-China deal

  Cable touches $1.35 as Conservatives win majority – but mind [...]

Posted on Friday, 13 Dec, 2019 / 9:57 under

Tories Win the UK Elections, US and China Agree on “Phase One” Deal

The pound skyrocketed overnight, outperforming all the other G10 currencies, [...]

Posted on Friday, 13 Dec, 2019 / 9:51 under