Wednesday, October 7, 2020

European Markets Seen Mixed; New U.S. Relief Package Just Delayed?

European stock markets


Investing.com - European stock markets are seen opening mixed Wednesday, as investors digest the news that President Donald Trump has ended negotiations over a new coronavirus aid package.

At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded 0.9% higher, CAC 40 futures in France fell 0.2% and the FTSE 100 futures contract in the U.K. was flat. 

President Donald Trump ended talks on Tuesday with Democrats on a new stimulus package for his pandemic-hit country, tweeting that after he wins the presidential election in November “we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business.” 

Wall Street jumps on stimulus hopes, hints of Trump's return to White House...

https://www.investing.com/news/stock-market-news/futures-bounce-on-stimulus-hopes-hints-of-trump-hospital-discharge-2315562?fbclid=IwAR25DY_fjx5rYxLWMhd3D65DForcL8LPJvhHKEzESuMvon-h4WPZDQHaxKo


(Reuters) - Wall Street's main indexes jumped on Monday, recovering from a sharp fall in the previous session as hints President Donald Trump could return to the White House and hopes of a new fiscal stimulus bill lifted sentiment.

Although Trump's medical condition remained unclear as he began a fourth day at the military hospital where he is being treated for COVID-19, his doctors have said he could be discharged as soon as Monday.
Ten of the 11 major S&P indexes were up, with energy (SPNY), the worst performing sector this year, rising 1.7%. Materials (SPLRCM) and financials (SPSY) were also among the biggest gainers in morning trading.
Shares of Regeneron Pharmaceuticals Inc (O:REGN) jumped 6.1% after Trump's physician said he had been treated with an intravenous dose of Regeneron's dual antibody treatment. The wider healthcare index (SPXHC) added 1.7%.

Monday, October 5, 2020

Forex Trading Understanding...



Forex is a portmanteau of foreign currency and exchange. Foreign exchange is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism. According to a recent triennial report from the Bank for International Settlements (a global bank for national central banks), the average was more than $5.1 trillion in daily forex trading volume.