The Brexit-positive headlines strengthen the pound whereas crucial departure talks in Brussels challenge it. European negotiators have indicated for the first time that they are prepared to start writing a joint legal text of a trade agreement with the UK before fresh talks begin today.'' The bloc not only shows readiness to alter the legal [...]
Global market players are in a dilemma as the key risk catalysts are flashing mixed signals off-late. Fears of strict lock-down conditions hampering the global economic growth seem to favor the bear. Additionally, catalysts likely allegations on US President Donald Trump and Brexit uncertainty are an extra burden on the market’s mood. As gold bears [...]
Fundamental view: Gold bears are taking a hiatus amid the US dollar's pullback. The yellow metal witnessed weakness against dollar in the last week. Most of the sell-off in the gold price is primarily down to the strength in the dollar index that we have seen the last week Amidst the greenback gaining strength, the [...]
Fundamental view: Sterling has lost all of its summer bounce and is threatening to break back into its immediate post-pandemic range. Several factors have withered the appeal of the UK currency but the primary cause has been the risk-avoidance resurgence of the US dollar as the continuing economic impact of COVID-19 makes the August and [...]
