Vaccine Hope and Biden Transition Drive Up Stocks, Bitcoin and Oil
On Tuesday, oil, stocks and risk currencies, which included Bitcoin, all saw gains as the formal go-ahead was given to President-elect Joe Biden to start his transition to the White House. There was a 3% rise in the world’s most popular crypto, as it was just shy of its...
On Thursday, European shares fell as rising coronavirus cases and lockdowns overshadowed the optimism surrounding the rollout of the vaccines in the upcoming year, while the dollar retreated to a two-and-a-half-year low. Trading volumes remained on the thin side, with the most prominent European markets closed and a lot...
On Wednesday, with only one day to go, British Parliament emphatically approved a trade deal with the EU. The trade deal will be the final nail in the UK’s harsh and conflicting struggle to complete Brexit. This deal will orderly part UK from the EU bloc. The agreement of the...
Sterling Calm Against the Euro as Implied Volatility Soars
On Tuesday, trading in the British pound remained relatively calm, as the currency managed to stay neutral against the euro, but surged against the broadly weaker dollar on the day of the presidential elections in the United States. Traders are waiting to see what direction the sterling will take,...
Hester Peirce Says EladRoisman Has Been Appointed as New Chairman of SEC
Right after the World Health Organization (WHO) declared COVID-19 as a pandemic, the entire world went under mass lockdowns and curfews. For more than 8 months the majority of the countries around the world were under lockdowns and people were working from home. Due to the lockdowns caused by the...
Wall Street Ready to Bounceback after COVID-19 Keeps Europe in the Red
On Tuesday, some of the early losses were recovered by European equities and futures indicated towards a Wall Street recovery, after markets saw a wave of risk aversions at the beginning of the week. On Monday, Wall Street had reported its biggest daily losses over a month and Asian...
As per the recent reports, a very alarming revelation has been made by the UK government that concerns Tesco. The Government of the United Kingdom has revealed that Tesco has been involved in underpaying the majority of its workers. Tesco is the largest supermarket chain in the United Kingdom...
According to the recent reports, the chief Asia economist of Goldman Sachs has talked about the growth of China and the risks it currently faces. The chief economist stated that China will most likely grow in the coming months in a moderate way. As per the economist, the country...
Vaccine News Keeps Dollar Down, Kiwi and Aussie Strengthen
On Monday, the riskier currencies saw a boost after progress towards a coronavirus rollout was made, but it kept the US dollar on its existing downward trend. On Monday, it was announced by drug maker AstraZeneca that their COVID-19 vaccine could prove to be 90% effective. The British pharmaceutical...
On Monday, world shares as well as other risk assets slipped, as fresh US-Sino tensions and increasing risks of a no-deal Brexit, which hit sterling hard, offset bets over more central bank and fiscal stimulus in the United States and Europe. Tracking shares of 49 countries, the MSCI world...

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