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Week ahead – GDP, CPI and BoC Interest Rates

All eyes will be on the UK’s rollout of the Pfizer-BioNtech vaccine this week ahead, as the first western country to approve a Coronavirus vaccine starts to vaccinate front line workers. However, the NHS medical director warned the vaccine distribution...

GBPUSD reaches 12-month highs

The GBPUSD rallied to 1.3497, the highest it has been since 2019. This is shy of that healthy psychological resistance level of 1.35. Strong dollar weakness, alongside risk on consensus, has compounded to push the pound higher....

UK Approves Pfizer’s Vaccine

Is this the beginning of the end? The UK announced yesterday that they have provisionally approved Pfizer’s Coronavirus vaccine. This makes the UK the first country to approve a vaccine, which they state will be available to individual members of...

Stocks reach all-time highs

Stocks reach all-time highs on vaccine optimism. The NASDAQ 100 and the S&P 500 are up 1.75% and 1.39%, respectively, with financials, utilities, and communication services being the largest gainers. The Dow Jones is also up around 1$ - however,...

EUR/USD Licks 1.20 as trading month closes

EUR/USD hit 1.20 on the last trading day before bouncing off the strong psychological resistance level. This is due to further dollar weakness alongside investors pricing in aggressive quantitative easing from the Fed outpacing the European Central bank. The EUR/USD...

This week ahead: CPI, NFP & RBA Interest Rate Decision

As Europe enters into the late stages of their respective lockdowns, it looks like the Coronavirus story may be starting to reach its end. Worldwide cases have started to plateau, with only a couple of countries where the Coronavirus cases...

Oil at Fresh highs as demand side brightens

The oil markets have been seeing the light as of late. Oil prices have reached an eight-month high, with WTI and Brent Crude trading around $45 and $48. This is from the recent positive vaccine news, alongside better than expected...

Dow reaches 30,000 as equity euphoria heightens

A combination of positive vaccine news, political certainty regarding the next President, and positive data coming from the United States edged equities to all-time highs. The Dow Jones is sitting just above that coveted 30,000 level, which makes it up...

Gold continues to fall

Gold continues to fall on positive vaccine news, as both Pfizer and Moderna reveal trials that show 90%+ efficacy vaccines against the Coronavirus. Gold breached a fundamental Fib level at $1,835, looking for a next internal support/resistance level at $1,800...
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