• Daily News Archives - Page 3 of 3 - Zeal Capital Market

    ZFX: Cautious sentiment maintained amid a higher dollar, gold tumbled

    Some traders believe that the dollar was bolstered by the US economic data as the manufacturing figures in September and the US home sales in August were improved. On the other hand, the fears of another wave of coronavirus pandemic over Europe and the UK hurt the sentiment of the Euro and the Sterling, boosting the dollar as well. The UK Prime Minister, Boris Johnson, announced the reimplementation of the lockdown measures in England on Tuesday. View more

  • Daily News Archives - Page 3 of 3 - Zeal Capital Market

    ZFX: Nasdaq once again dragged down the market sentiment

    The European Stock markets are opening lower, as the resurgences of coronavirus pandemic added fears of another lockdown measures in those regions. The WHO warned that the situation is “very serious”, further triggering the concerns over the economic recovery of the euro zone. The total confirmed cases of Covid-19 have now passed 30 million worldwide, with more than 940000 deaths. Sterling’s move, with a very volatile night, was the focus in FX. As the BOE hinted the potential implementation of negative interest rates, the sterling sharply dropped to the low of 1.2864 on Thursday. Afterward, it was reported that the EU-UK trade deal was still possible, as the comment from the European Commission President Ursula Von der Leyen, boosting the sterling back to 1.3 mark. View more

  • Daily News Archives - Page 3 of 3 - Zeal Capital Market

    ZFX: Traders are closely watching the Sterling amid potential Brexit chaos

    The EU has warned the UK that the bill would hurt the trade deal ahead, and the EU will prepare for the worst, letting UK to leave without any deal. The Sterling bounced back to 1.29 level against dollar on Monday US session, but dropped back to 1.2850 area for closing. Despite improved risk appetite and the slip of dollar, Sterling is clearly bearish. The dollar index broke 93 mark again on Tuesday earlier trading session. View more

  • Daily News Archives - Page 3 of 3 - Zeal Capital Market

    ZFX: Sentiment becomes sensitive amid those bearish variables

    In FX, the dollar was steadied on Friday earlier session, after a volatile move overnight. The latest policy direction from ECB boosted the euro up to 1.1917, weakening the dollar in the US trading session. But, the tumble of the US stocks sparked risk aversion, triggering a rebound of the dollar against the major currencies. View more