The U.S. dollar steadied against other currencies on October 6. However, according to traders, more losses are expected as a contentious U.S. presidential election diminished optimism for massive stimulus to support the short term’s economy. Investors are betting on Democrat Joe Biden’s victory. However, Republicans will maintain control of the Senate. That will make it …
USDPLN Investors might want to reconsider investing in the Polish zloty following the recent agreement by the EU leaders. The deal will allow the European Union to cut its financial aid to members it found were violating the rule of law. One of the countries that are in trouble is Poland. On October 29, Poland …
Trading 212’s third-party protection service failed to work, but have managed to restore normal operations. Today, Trading 212 said its platform was under a distributed denial of service attacks (DDoS) that attempted to paralyze its systems with too much information. Trading 212 is a fintech company and Financial Conduct Authority (FCA) regulated broker. The retail …
Accoridng to the latest news, the U.S. dollar held a one-week low against its competitors on Thursday. Investors unwound some of their safe-haven demand for the dollar as the U.S. presidential election entered its final stretch. Joe Biden, the Democratic challenger, is predicted to win the U.S. election over President Donald Trump after pivotal victories …
The Dollar Declines to a One-Week Low, Pound Gained 0.3% Read More »
EURCZK Despite the weak composite and service sector in Europe due to the resurgence of COVID-19, the EU and its two (2) largest economies – Germany and France – all posted positive figures, with the exception of France Services PMI. Figures came in at 55.0 points and 49.5 points for Germany, 47.5 points and 46.5 …
EURHUF Analysts gave a gloomy outlook for the EU member states’ Services PMI reports today, November 04. Projections for Germany, France, Italy, Spain, and the EU were 48.9 points, 46.5 points, 47.0 points, 40.0 points, and 46.2 points, respectively. All of which are below the 50-points benchmark which suggests a potential contraction for the bloc’s …
According to the latest news, the U.S. dollar increased, and risk-sensitive currencies decreased on Wednesday, October 4. An early result in the United States presidential election revealed a very tight race, prompting a wind-back of bets on winning by Democratic challenger Joe Biden. The U.S. President Donald Trump was leading key battleground states including Ohio …
Dollar Gained while Risk-Sensitive Currencies Fell Read More »
According to the latest news, the pound decreased against the dollar and hit its lowest in four weeks. The decline started after England announced a new national lockdown. However, analysts assumed beliefs for a Brexit deal prevented the currency from declining more. Boris Johnson, Prime Minister, reported that a new one-month lockdown in England would …
Pound Declines After the Second Lockdown in England Read More »
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