British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday. According to the news outlet, the UK will have a two-week review and could
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UK PM Johnson planning to postpone June 21 lockdown lift – The Sun British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday. According
Data released on Friday, showed the Consumer Sentiment Index from the University of Michigan, according to preliminary data rose above expectation in June. Analysts at Wells Fargo noted it was the second highest level of the post-pandemic era, “as household finances hold steady even in the absence of stimulus checks.” They warn about the impact
Saudi Arabia is expected to supply full crude oil volumes to buyers in Asia next month, Reuters reports, citing sources with knowledge of the matter. Separately, the Kingdom reported its production numbers for May, noting that it has pumped 8.544 million barrels per day (bpd) against the target of 8.482 million bpd for the month. This
Wall Street’s main indexes opened decisively higher on Thursday. All major S&P 500 sectors trade in the positive territory. Annual CPI in US rose to 5% in May from 4.2% in April. Major equity indexes in the US opened decisively higher on Thursday following the latest macroeconomic data releases from the US. As of writing,
GBP/JPY extends the last Friday’s breakdown of short-term key support, down for second consecutive day. Brexit headlines post downside risk, RSI conditions also favor sellers. April’s top adds to the downside filters ahead of recalling the sub-150.00 area. GBP/JPY refreshes intraday low near 154.65, down 0.10% intraday, amid the initial hour of Thursday’s Tokyo open.
Update: Gold lacked any firm directional bias and seesawed between tepid gains/minor losses, around the $1,890 region through the mid-European session. Investors now seemed reluctant to place any aggressive directional bets, rather preferred to wait for a fresh catalyst from Thursday’s release of the US consumer inflation figures. This will be another piece of important macro
Ahead of Wednesday’s the Bank of Canada (BOC) monetary policy meeting, the Bank of America (BofA) came out with its event preview suggesting a challenge to the further Canadian dollar (CAD) strength. “We expect the Bank of Canada (BoC) to remain on hold on 9 June, waiting for the economy to get out of its current
Canada posted a trade surplus with the world in April. USD/CAD continues to move sideways in a tight range below 1.2100. Canada’s merchandise trade surplus with the world widened to C$0.59 billion in April from a deficit of C$1.35 billion in March, the monthly data published by Statistics Canada revealed on Tuesday. This reading came in
AUD/USD seeks fresh clues to extend two-day uptrend. Doubts over tapering, cautious sentiment before the key Thursday and trade/political tussles concerning China weigh on the mood. Mixed messages over covid, vaccines trouble traders amid a light calendar. AUD/USD holds onto the previous two days’ gains inside a range surrounding 0.7750 during the early Tuesday morning
Signs of bottoming have been spotted for these growth stocks — TIGR, FUBO, SKLZ. Watch the video below to find out how you can participate via low risk entry with either breakout trading or pullback trading before they take off. [embedded content] Timestamps 0:16 TIGR (UP Fintech Holding Limited) 6:21 FUBO (FuboTV Inc) 12:53 SKLZ (Skillz Inc)
GBP/USD Forecast: To 1.40 or 1.42? All eyes on US Nonfarm Payrolls Sterling has succumbed to data and Fed-related dollar strength. Nonfarm Payrolls and also worries about the Delta variant are set to move the currency pair. Friday’s four-hour chart is showing that cable is at crossroads. Down but not out – that is probably
USD/CAD fell sharply in the early American session. Nonfarm Payrolls in US rose less than forecast in May. Employment in Canada declined by 68,000, Unemployment Rate rose to 8.2%. The USD/CAD pair rose to its highest level in a week at 1.2134 on Friday but turned south in the second half of the day. After
The corrective downside in AUD/USD is seen facing a solid support around 0.7625 in the next weeks. Key Quotes 24-hour view: “The sharp plunge in AUD to an overnight low of 0.7646 came as a surprise. The rapid decline is deeply oversold and while AUD could weaken further, it is unlikely to threaten the next
Dallas Fed President Robert Kaplan reiterated on Thursday that he would rather see the Fed take its foot a little off the gas pedal sooner rather than later, as reported by Reuters. Additional takeaways “The spending tailwind for the US rconomy looks strong.” “Right now, balance of power is to the worker, who can wait for a better
Reuters came out with the news during early Thursday, quoting the British High Commissioner to Australia Vicki Treadell, “Britain and Australia held another round of talks to progress a free trade deal.” Additional comments… We are working hard to have an agreement in principle at the bilateral between Prime Ministers Johnson and Morrison on June
AMC shares smashed record high and hit $61.90, trading halted Traders are out to squeeze the shorts as Mudrick bails out. AMC surpassing GameStop frenzy from January in a new epic. Update June 2: Shares of AMC soared to $61.72, up over 92% on the day. Mid-US session, trading has been halted. The movie theatre chain
One-month risk reversal on USD/CAD, a measure of the spread between call and put prices, turns red for the first time in over a week, not to forget marking the heaviest bearish bias since May 20, according to data source Reuters. A call option gives the holder the right but not obligation to buy the underlying