Categories
Analysis Market overview

GOLD overview 24.11.2020

Gold falls on Trump agreeing to transition power. Gold falling strongly on the widespread risk-on sentiment after Trump indicated the agreement to transition the power to the president elect Biden – clearing the major source of uncertainty regarding the USA election. The other factor which emboldened the gold bears is the announcement by AstraZeneca that […]

Categories
Analysis Market overview

GBPUSD overview 23.11.2020

GBPUSD surges on vaccine and Brexit optimism. GBPUSD continues to rise strongly under the dual effect of the significant USD outflows and equally strong GBP inflows. The USD outflows are the reflection of the strengthening market optimism as the multiple vaccine developers are preparing for mass vaccination after reaching positive test results in the 3rd […]

Categories
Analysis Market overview

BRENT overview 20.11.2020

Oil rises on vaccine hopes. Oil continues to rise – expected to post the third consecutive weekly gain – largely under the market expectation that fuel demand will be saved due to the vaccine rollout being planned earlier than was expected a month ago. Prospects for effective COVID-19 vaccines and hopes OPEC+ will continue to […]

Categories
Analysis Market overview

AUDUSD overview 19.11.2020

AUDUSD falls on COVID-19 case rise. AUDUSD falling under the dual forces of the simultaneous AUD bearishness and USD bullishness as the markets have shifted in more risk-off sentiment after realizing that even the best performing vaccines will not be administered soon enough to stop or even slow the continuous economic damage caused by the […]

Categories
Analysis Market overview

GBPUSD overview 18.11.2020

Sterling rises on hopes for Brexit deal. Sterling retains the upbeat tone today under the effect of the continued widespread USD bearishness and the hopes that Britain will reach a Brexit trade deal with the European Union before its leaves EU in January. These hopes was raised by the recent positive comments from British government […]

Categories
Analysis Market overview

USDJPY overview 17.11.2020

USDJPY falling on dollar weakness. USDJPY continues to fall strongly on the widespread bearish USD sentiment as the markets are digesting the economic consequences of the latest positive vaccine reports by two of the USA’s major vaccine makers – Moderna and Pfizer. The risk sentiment was also improved by the positive economic growth data from […]

Categories
Analysis Market overview

USDCAD overview 16.11.2020

USDCAD falls on positive data about a COVID-19 vaccine. USDCAD continues to fall strongly on strengthening USD outflows after Moderna said on Monday its experimental vaccine was 94.5% effective in preventing COVID-19 – which added to the risk-on sentiment. This is the second USA vaccine in 3rd stage trials which has shown positive results in […]

Categories
Analysis Market overview

GOLD overview 13.11.2020

Gold rises on explosion of infections worldwide. Gold continues to grind higher as the markets are starting to feel more concerned about the geometric rise of coronavirus cases worldwide and in USA in particular. The initial vaccine related euphoria is fading as the investors are starting to understand that the logistic challenges of mass vaccination […]

Categories
Analysis Market overview

GBPUSD overview 12.11.2020

Sterling falls on fears for pandemic impact on UK economy. GBPUSD under bearish pressure today as the result of the strongly bearish Sterling sentiment as slower-than-expected domestic economic growth in September raises concerns about the recovery from the coronavirus-driven recession in United Kingdom. Official data showed Britain’s economy grew by a slower-than-expected rate in September […]

Categories
Analysis Market overview

EURUSD overview 11.11.2020

EURUSD falls on vaccine concerns and surge of new infections in USA. EURUSD falling today on moderately bullish USD markets sentiment as the markets are scaling back the previously installed knee-jerk euro longs on reports that Pfizer and BioNTech reached promising results in 3rd stage testing of their coronavirus vaccines. The U.S. dollar is gaining […]