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EUR/GBP Tightens its Range as Brexit Showdown Approaches Deadline Key Talking Points: EUR/GBP continues to be range-bound as deadline approaches Advertisement EUR/GBP continues to be at the mercy of Brexit headlines as volatility continues to be high. A few headlines this morning from Chief EU negotiator Michel Barnier gave the impression that, although both sides are working hard for a deal, time is running out and significant differences remain. This has put the British Pound on the defensive, removing part of the risk-on sentiment it was enjoying up until now. Talks see...

OMX 30 Near All-Time High, USD/SEK Continues Steady Depreciation Key Talking Points: Coronavirus cases worsen worldwide Advertisement Equity markets continue to push higher in what can be considered as a “santa rally” in the last few trading weeks of the year. The reason remains pretty much unchanged, with Brexit and US stimulus hopes taking center stage, with an added push from a Fed that continues to be accommodative and supportive of the economy, which translates (rightly or wrongly) to keeping asset prices afloat. But the coronavirus pandemic is still in the back o...

Euro Strengthens on PMIs, EUR/USD, EUR/GBP Levels to Watch Key Talking Points: Advertisement EURO BOOSTED ON BETTER THAN EXPECTED PMI DATA Despite the euro not needing an extra push to consolidate its upward trajectory, the release of PMI figures this morning helped the European currency garnish further bullish momentum needed to clear some hurdles. First came French and German data, both seeing a significant boost in the services sector after both countries have recently come out of strict lockdowns during the month of November. That said, the health crisis seems to be ge...

IBEX 35, CAC 40 Forecast: Mixed Sentiment as Caution Returns but Hope Remains Key Talking Points: IBEX 35 sees caution creep in CAC 40 trades sideways trapped between two key areas Advertisement COVID CONCERNS VS BREXIT AND US STIMULUS HOPES European equity markets are mixed this morning as growing Covid-19 concerns keep investors cautious as Christmas holiday plans may be in jeopardy. London will enter into a tier 3 lockdown this evening, following Germany, France, and the Netherlands in tightening their restrictions. This is met with improved sentiment surrounding Brexi...

DAX 30 Heading Higher Despite German Lockdown, EUR/USD Unfazed by ECB Key Talking Points: Germany will enter a hard lockdown on Wednesday, DAX 30 springs back from 13,000 EUR/USD aims towards 2.5 year high Advertisement GERMANY GOING BACK INTO HARD LOCKDOWN A rising rate of infections and exponential growth in the last few days is the reason why Germany will be entering a full lockdown from Wednesday, with all schools and shops closed until the 10th of January. This will affect the Christmas period, a decision made as authorities were “forced to act” Angela Merkel said, after Friday almos...