Global markets got quite a jolt yesterday after US drug company Pfizer announced that trials of its Covid-19 vaccine had prevented some 90% of infection. The initial reaction was a massive rally in equities, particularly in sectors and geographies like Europe, where the virus has hit most heavily. But later,...

EURUSD forming head and shoulder, more downside ! Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

EURUSD forming head and shoulder, more downside ! Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.

Precious metals and energy have reacted strongly in opposite directions after Pfizer and BioNTech earlier today said their coronavirus vaccine was more than 90% effective in preventing Covid-19.Precious metals and energy have reacted strongly in opposite directions after Pfizer and BioNTech earlier today said their coronavirus vaccine was more than...

The market seems to have conjured up a kind of Goldilocks narrative on why the US Election outcome and prospects for US political gridlock are just what the doctor ordered for inflation of risky assets globally. Indeed, USD bears are expecting smooth sailing from here on expectations that the Fed...

Positions and changes made by hedge funds across commodities and forex futures during the week to November 3, the day of the U.S. election.Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX,...

The aftermath of a Biden win is evident: a bear steepener in the U.S., and lower sovereign yields in the European space. The long list of Federal Reserve's speakers this week might give some clues on the central bank's next steps. It will be important to understand whether the Fed...

The Biden administration will be more moderate and mature on handling foreign affairs and will undoubtedly adopt a more multilateral approach on international trade issues, but a U-turn policy on China is very unlikely. The rhetoric will change, but the new administration will most probably pursue the same list of...

Today we look at the remarkable further extension of the post-US Election global equity rally, led by major Asian markets posting major new cycle highs. A look at the glass-half-full case for equities as well as whether gold traders have cause for pause on real interest rates here, and if...

BTC to climb from its upside confirmation at 15526 where it could potentially bounce further to 16638 Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.