GER30 Down On Covid Woes
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
Page 135 of 141
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
The common currency managed to stage a solid rebound yesterday, but today, it faces renewed pressure on the back of fresh dovish ECB rhetoric
UK Retail Sales rose more than expected in October, adding to a series of supportive economic data for the British Pound
The pair finds support over the last couple of days, after having taken a beating earlier in the week from dovish RBA rhetoric and hot US CPI Inflation, but will struggle to avoid a negative weekly close
The pair maintains its positive undertone and runs its third straight profitable day, managing to extend this week’s gains into new monthly highs
The technology giant, that is mostly known for its gaming graphics cards, released solid financial results [fn ref="1"] on Wednesday November 17, after US markets closed
Following three straight negative weeks, the pair regains its poise, with the help of supportive economic releases and BoE commentary
The Reserve Bank of New Zealand (RBNZ) released its quarterly Survey of expectations, which revealed increased inflation expectations, boosting the Kiwi
USOIL has entered its 4th straight negative week and loses around 1% today, weighed by persistently high US inflation and OPEC+ recent dismissal of calls to increase production
The Walt Disney Company had announced its quarterly financial results for Q4 FY 2021 a week ago and markets were highly disappointed, causing the stock to collapse
The German indicator posts new record highs for fifth straight day, helped by sustained Euro weakness and dovish stance from the European Central Bank (ECB)
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.