ECB’s de Guindos: Impact on economy of new variant will be smaller than in...
European Central Bank Vice President Luis de Guindos said on Friday that, despite worry about the new Covid-19 variant, he thinks the impact on...
S&P 500 Index: Close below 4673 to further increase downside pressure – Credit Suisse
Prior to the ‘risk-off’ seen overnight economists at Credit Suisse had already been looking for a correction lower. This ‘risk-off’ phase has the potential...
Turkish President Erdogan: There’s no turning back from the new economic programme
Turkish President Recep Erdogan said that there is no turning back from the new economy programme on Friday, according to Bloomberg. Interest rates will...
EUR/JPY remains depressed below 129.00 as risk-off dominates
EUR/JPY’s weakness hast retested recent lows around the 128.00 level. New strain of COVID heavily weighs on investors’ sentiment. The Japanese yen surges...
USD/JPY: Close below 114.12/02 to open up the 112.80/73 mark – Credit Suisse
USD/JPY is seeing a sharp pullback in line with the ‘risk-off’ phase emerging. Analysts at Credit Suisse see scope for a fresh correction to...
EU’s Von der Leyen: All air travel to countries with new variant should be...
European Commission President Ursula von der Leyen said on Friday that all air travel to countries with the new variant should be suspended until we have...
EUR/USD set to rally toward the upper 1.13s/low 1.14s in the next few weeks...
EUR/USD gains on short-covering and approaches 1.1300. As economists at Scotiabank note, December seasonal trends are bullish. Subsequently, the pair could race higher to...
USD/CAD rallies, approaches 1.2800 amid risk-off market sentiment spurred by new COVID-19 variant
The COVID-19 NU variant found in South Africa, spurred a sell-off of assets with the “risk” word attached to it, boosting safe-haven currencies. USD/CAD advances...
USD/JPY under pressure tumbles below 113.50 amid risk aversion
Concerns about the new COVID variant triggers sell off across financial markets. Japanese yen among top performers boosted by risk aversion and lower...
Brexit: UK’s Frost reiterates UK ready to trigger Article 16
UK Brexit Minister Lord David Frost said on Friday that, while we would still like to find a negotiated solution with the EU on...
