GO Daily News

Today in Asia – 08 December 2020
December 8, 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...

Read More
Overnight on Wall Street: Tuesday 08 December 2020
December 8, 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...

Read More
Overnight on Wall Street: Thursday 03 December 2020
December 2, 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...

Read More
COTD: EURGBP – Sterling Aiming For Long-Term Recovery
December 2, 2020

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...

Read More
Overnight on Wall Street: Tuesday 01 December 2020
November 30, 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...

Read More
COTD: USOIL – Can Oil Prices Reach Pre-Covid Levels?
November 30, 2020

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...

Read More
COTD: XRPUSD- Increased Demand Could Target $1.18
November 25, 2020

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...

Read More
Overnight on Wall Street: Wednesday 25 November 2020
November 24, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global equities rallied on Tuesday on the broad optimism on the virus front and the political situation in the US. The General Services Administration (GSA) which can ascertain the winner of a Presidential election based on certain criteria and govern under the law for presidential transitions, has...

Read More
Overnight on Wall Street: Tuesday 24 November 2020
November 23, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets It was a mixed performance in the global stock market on Monday. While vaccine news continues to reassure investors and provide a perception of a return to normal in the near future, the threat to the economy following the various forms of restrictions to contain the surge in infections are weighin...

Read More
COTD: NZDCAD- Strong Bullish Trend Prevails
November 23, 2020

NZDCAD- 4HR NZDCAD - Fundamental positives for both the New Zealand Dollar and the Canadian Dollar continue to stack up this week as the commodities space shows renewed interest, and discussions of successful Covid-19 vaccines seem to increase daily. However, it's the New Zealand Dollar that's stealing the headlines at this moment in time, print...

Read More
Today in Asia – 19 November 2020
November 19, 2020

By Deepta Bolaky  @DeeptaGOMarkets Investors are stuck between buoyant vaccine updates and rising COVID-19 cases. On Wednesday, Pfizer and BioNtech announced more promising results on the efficacy rate. After conducting the final efficacy analysis in their ongoing Phase 3 study, their mRNA-based COVID-19 vaccine candidate, met all the study’s pr...

Read More
Overnight on Wall Street: Thursday 19 November 2020
November 18, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global equities ended on a mixed note on Wednesday driven by vaccines news and concerns of rising virus cases. European bourses posted modest gains on the back of more positive vaccines updates from Moderna.  In the US share market, major US equities struggled to advance higher as the stimulus gr...

Read More
Overnight on Wall Street: Wednesday 18 November 2020
November 18, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Global equities pulled back from record highs following new lockdowns and restrictions triggered by the continuous surge in the number of coronavirus cases. European markets ended on a mixed note while major US equities finished in the red.  Investors were mostly risk-off in the US session and Wa...

Read More
Today in Asia – 17 November 2020
November 17, 2020

By Deepta Bolaky  @DeeptaGOMarkets Asian markets had a strong start to the week following the signing of the world’s largest free trade agreement by fifteen Asia-Pacific countries after more than eight years of tricky negotiations. The agreement binds together countries which make up of nearly a third of the world’s population or 30% of global...

Read More
COTD: AUDUSD – Further Consolidation As Momentum Fades
November 12, 2020

AUDUSD - Hourly AUDUSD - Despite an impressive bounce-back above pre-pandemic levels, it appears the Australian Dollar rally could be coming to an end. With momentum waning and no apparent price catalysts in sight, the AUDUSD pair seems top-heavy and primed for downside targets. Let's take a look at the hourly chart. Since last Thursday, we can...

Read More
Overnight on Wall Street: Thursday 12 November 2020
November 11, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets The vaccines updates and daily counts of the coronavirus cases in major countries were the main drivers of risk sentiment on Wednesday. Overall, global equities managed to hold on to the recent gains.  Source: Bloomberg In the US markets, the resurgence of the virus and more stay-at-home activi...

Read More
Overnight on Wall Street: Wednesday 11 November 2020
November 11, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets The stock market rally fueled by the US elections and vaccines updates tamed down on Tuesday after daily records of coronavirus cases continue to remain high. Global equities ended on a mixed note. Source: Bloomberg European stocks extended gains post-Pfizer updates while the US share market wa...

Read More
COTD: EURCHF- Emerging Pattern Suggests Reversal
November 10, 2020

EURCHF- Daily EURCHF - Generally speaking, EURCHF is not one that many would pay attention to due to the low ATR values. However, the pair has dusted itself off during the past few months and started making some decent moves once again. The daily chart above shows that EURCHF witnessed some aggressive buying activity in May from 1.06 up to 1.09...

Read More
Overnight on Wall Street: Tuesday 10 November 2020
November 10, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Following the election updates, global equities continued the rally on the back of positive vaccines updates.  Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. The vaccine candidate was found to be more than 90% eff...

Read More
Overnight on Wall Street: Tuesday 10 November 2020
November 10, 2020

By Deepta Bolaky  @DeeptaGOMarkets Equity Markets Following the election updates, global equities continued the rally on the back of positive vaccines updates.  Pfizer and BioNTech announce vaccine candidates against COVID-19 achieved success in first interim analysis from the Phase 3 Study. The vaccine candidate was found to be more than 90% eff...

Read More