The second wave of COVID-19 in Europe and the record-breaking number of new cases and death toll in America revived the demand for defensive assets. This creates interest in safe havens, including the yen. This market sentiment may lead to a further decline of the pair.
Technical side:
The …
Tuesday, October 27th, today’s news—HSBC, Europe's largest bank by assets, reported a better-than-expected profit of $3.07 billion, shares jumped 5%. Dow fell 700 points during yesterday's sell-off, but the markets are bouncing back, Asia-Pacific markets are mixed, European shares slip, oil is up, but the overall outlook is negative. The …
The single currency, the euro, fluctuated in a narrow range sloping to an upside during the Asian session, to witness its retracement to the sixth session in nine sessions from its lowest since late September against the US dollar on the cusp of economic developments and data expected today, Tuesday, …
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