Sterling stays more resilient as UK reopening keeps the optimism flowing

The pound is the best performing major currency today Despite the dollar creeping back up amid hints of risk aversion in the market, the pound is staying more resilient as cable holds near the highs close to 1.4090. If anything else, it highlights the conviction in the pound at the moment and this continues to […]

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Pound Shrugs off Warning of ‘Excessive Optimism’ to Hit Multi-Year High

© Reuters. By Yasin Ebrahim Investing.com – The pound jumped to a more than two-and-a-half year high Thursday, despite experts warning of “excessive optimism” in the currency amid uncertainty over the U.K. economy, which is set to suffer a further dent from an extended lockdown. rose 0.39% to $ 1.3740 its highest since March 2018. […]

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Pound Falls, But Set for Weekly Win on Optimism Over Last-Ditch Brexit Deal

© Reuters. By Yasin Ebrahim Investing.com – The pound fell Friday on cooling optimism over the post-Brexit deal, but remains on track for weekly win as investors bet a deal will ultimately prevail as reports that talks are set to continue into the weekend. fell 0.54% to $ 1.3510. UK Prime Minister Boris Johnson said […]

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Bitcoin’s 12% drop leaves it in a technical vacuum but there’s reason for optimism

Let’s find out who has the upper hand Wild price moves are no stranger to crypto traders and it looks like the volatility is back. After a one-way move from $ 1200 to just shy of the 2017, crypto has tumbled today. The alts have been particularly hard hit but bitcoin is also down 12% […]

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Another round of vaccine optimism rinse and repeat

But to a lesser degree and perhaps shorter lasting timeframe Pfizer passed the final hurdle of meeting the safety requirements to apply for emergency-use approval, but the announcement also came with a bit of an attempt to try and one up Moderna as they claim that their vaccine is 95% effective upon final analysis. Either […]

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Top Lithium Miner Boosts Output on Optimism About Long-Term Demand

© Bloomberg. Stockpiles of lithium carbonate and salt by-product are reflected in a brine lake at a Sociedad Química y Minera de Chile (SQM) lithium mine on the Atacama salt flat in the Atacama Desert, Chile, on Wednesday, May 29, 2019. Almost three-quarters of the world’s lithium raw materials come from mines in Australia or […]

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Signs of Slowing Industrial Momentum in China Cool Market Optimism

China’s economic recovery after the COVID-19 epidemic slowed down in July. Industrial production rose 4.8% YoY according to the data from National Bureau of Statistics released on Friday. The figure was below consensus estimate of 5.1%. On a monthly basis, industrial production increased 0.98%, the state-owned Xinhua news agency said. In the first seven months […]

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