Sterling moves lower on political threats

2020-10-17 03:01    FBS

Sterling moves lower on political threats Institution Opinions 1

Sterling moves lower on political threats Institution Opinions 2

Sterling moves lower on political threats Institution Opinions 3

Sterling moves lower on political threats Institution Opinions 4

Ichimoku Kinko Hyo

CAD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.

Fibonacci Levels

 XAG/USD: Silver struggles to move above the 50% level. The current risk-on mood helps silver to move higher.

Sterling moves lower on political threats Institution Opinions 5

US Market View

Wall Street futures jumped back into positive territory and European stocks accelerated gains when the U.S. pharmaceutical group said the regulatory filing for the vaccine could come as soon as safety data is available in the third week of November. In midday trading the pan-European STOXX 600 (STOXX) rose 0.8% after losing over 2% on Thursday as new social restrictions in Europe, including a curfew in major French cities and tighter restrictions in London, spooked investors.

As the global race to develop a coronavirus vaccine heats up, financial markets have been tracking every twist and turn, hoping a successful deployment would help sustain economic recovery.

US Key Point

  • US September retail sales comes at +1.9% vs +0.8% than expected
  • EU's von der Leyen supports that EU team will go to London next week to 'intensify' negotiations

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