GO Daily News
Overnight on Wall Street: Tuesday 05 January 2021
By Deepta Bolaky @DeeptaGOMarkets Equity markets Global equities started the new year on a mixed note as investors digested the rising number of coronavirus cases in major economies, further social distancing measures and lockdowns, and the runoff elections in the US which will likely determine the first two years of the Biden administration. Eu...
Overnight on Wall Street: Thursday 17 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity markets Global equities are finding support on positive geopolitical headlines and the first round of vaccinations. Brexit is at a key turning point and investors are closely monitoring any statements or discussions to gauge the path towards a deal. In the final weeks leading up to the Brexit deadline, bot...
Overnight on Wall Street: Wednesday 16 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity markets Risk sentiment was buoyed by the first round of vaccinations and the positive headlines on US stimulus putting aside further lockdown restrictions in Europe. Investors are closely monitoring the measures undertaken by governments from major economies to curb the spread of the virus. Germany, the fo...
EURJPY – Unearthing A Potential 2015 Target
EURJPY - Point & Figure EURJPY - At the start of the month, we witnessed a sizeable shift in sentiment towards the Euro, hiking up demand and resulting in a strong bullish rally. Since then, price action has behaved mostly sideways, but there are signs of bullish activity stemming from this initial move. In today's Chart of The Day, we're lo...
Overnight on Wall Street: Tuesday 15 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity markets It was a mixed start to the week for the global stock market. Investors digested some positive news towards the end of last week and over the weekend. Despite ongoing tough negotiations, both the EU and the UK are keeping hopes alive following a promising phone call on Sunday. On the virus front, t...
Overnight on Wall Street: Thursday 10 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Global equities are swinging between losses and gains since the start of the week following conflicting headlines on vaccine, Brexit and US stimulus talks. European markets fared better than US stocks on Wednesday and managed to hold on to some gains. Source: Bloomberg Terminal On Wall Street, ...
Overnight on Wall Street: Wednesday 09 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Stocks in the European and US session edged higher on promising vaccine updates and stimulus talks. Amid tougher lockdown restrictions in the US, a stopgap funding measure may be passed to avert a government shutdown. Majority of the major equity indices closed in positive territory while the FTSE ...
COTD: GBPJPY – Bullish Sentiment On A Tightrope
GBPJPY - 4HR GBPJPY - Last week we looked at EURGBP and the technicals relating to potential issues surrounding the trade talks deadline. Sticking with the general theme, today's Chart of The Day focuses on another Sterling cross GBPJPY, possibly becoming more volatile over the coming days. While somewhat choppy on the 4hr timeframe, the pair...
Today in Asia – 08 December 2020
By Deepta Bolaky @DeeptaGOMarkets After a mixed performance on Wall Street, Asian equities struggled to find any upside momentum. Geopolitics and virus concerns are the main driver of risk sentiment ahead of a busy week ahead. Brexit contradictory headlines, US Stimulus talks and US sanctions on Chinese legislators together with the ongoing sur...
Overnight on Wall Street: Tuesday 08 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Global equities retreated ahead of a busy week ahead with the first round of vaccinations, ECB rate statement, EU summit, Brexit and US stimulus intense negotiations. Investors are concerned and remain cautious amid the rising number of coronavirus cases despite the rolling out of vaccinations in s...
Overnight on Wall Street: Thursday 03 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets The US stimulus talks and vaccine updates were the main drivers of risk sentiment on Wednesday. The performance of the global stock market was mixed. The FTSE index rose by more than 1% following the UK’s approval of the COVID-19 vaccine developed by Pfizer and BioNtech. The UK is officially t...
COTD: EURGBP – Sterling Aiming For Long-Term Recovery
EURGBP - 4HR EURGBP - Pound Sterling hit hard during today's London session as senior EU diplomats suggested significant barriers still exist around trade deal negotiations. The unfavorable news sent the cross rallying to a three and a half week high of 0.9084. Coinciding with these three weeks is how well EURGBP has tracked the 200 MA (Blue li...
Overnight on Wall Street: Tuesday 01 December 2020
By Deepta Bolaky @DeeptaGOMarkets Equity Markets Global equities edged lower on the final day of a mammoth month-long rally despite more positive vaccine news: Moderna announced that the primary efficacy analysis of the Phase 3 study of mRNA-1273 conducted on 196 cases confirms the high efficacy observed at the first interim analysis. The data...
COTD: USOIL – Can Oil Prices Reach Pre-Covid Levels?
USOIL - Point & Figure USOIL - Goldman Sachs has recently called for the value of crude oil to increase to roughly $65 per barrel as we head into 2021, and the latest charts appear to echo this sentiment of a global rebalancing in this market. Naturally, much of these moves rely on the promise of a Covid vaccine and some seasonal cues. In to...
COTD: XRPUSD- Increased Demand Could Target $1.18
XRPUSD- Point & Figure XRPUSD - It's been a wild few sessions for the cryptocurrency space as a whole, particularly with Bitcoin creeping back up towards the $20,000 price region. In amongst this surge of activity, today's Chart of The Day will be looking at one of the major altcoins XRP using the point and figure method. The crypto XRP has...
