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European stocks are seen opening higher on Monday after U.S. President Donald Trump's medical team suggested that he could be discharged from the hospital as early as today. "It's been a very interesting journey. I learned a lot about COVID," Trump said, standing in his hospital room in a video post

S&P 500 Futures stay mildly heavy near the July 31 low. Policymakers from the Fed, RBA and the ECB have been dovish off-late. US-China tussle adds to the risk-off mood amid a light calendar and off in Tokyo. S&P 500 Futures drop to 3,270, down 0.10% on a day, during early Tuesday. In doing s

AUD/JPY breaks the support line of a short-term descending triangle after Aussie GDP flashed heavy contraction. Australia’s Q2 GDP slumps the record low of 7.0% versus -0.3% prior. BOJ Deputy Governor Masazumi Wakatabe also crossed wires and spoke dovish. “Serious differences” among the US policymak

The S&P 500 had its best August month since 1986, thanks to the Big Tech companies. Big Tech actually rules the world of money. Apple, Amazon, Alphabet (Google), Facebook and Microsoft account for almost a quarter of the S&P 500 market cap. The life outside of the digital world is becoming s

The US Treasury on Monday said that it expects to borrow $947 billion in debt in the third quarter to fund the massive coronavirus-induced spending surge. The new forecast is $270 billion higher than the previous projection made in May, according to Bloomberg.  The Congressional Budget Office sees t

GBP/USD attracted some dip-buying on Wednesday amid sustained USD selling bias. Worsening US-China relations led to a bit of caution and might cap any strong gains. The GBP/USD pair had some good two-way price swings on Wednesday and was influenced by a combination of diverging factors. The Daily T

Photo: FM The US Commodity Futures Trading Commission seeks to postpone the trial of two brothers who defrauded some 150 customers of more than $8 million due to precautions over the novel coronavirus. Salvatore and Joseph Esposito, the owners of precious metals investment firm U.S. Coin Bullion p

UK CPI rises 0.6% YoY in June vs. +0.4% expected. Monthly UK CPI arrives at +0.1% in June vs. 0% expected. GBP/USD heads back towards 1.2588 on the data release. The UK Consumer Prices Index (CPI) 12-month rate came in at +0.6% in June when compared to +0.5% booked in May while matching expectation

AUD/USD has been on the back foot after Melbourne was put under a strict six-week lockdown after COVID-19 cases. Victoria's decision to shutter Australia's second-largest city finds Aussie/USD in a vulnerable spot on the graphs. The Technical Confluences Indicator is showing that AUD/USD has weak su

Italy's 10-year government bond yield fell to 2.5-month lows on Monday.  German 10-year yield also declined to four-week lows.  Hopes of de-escalation between Germany's top court and the ECB likely pushed yields lower. Italian government bond yields on Monday fell to the lowest level since March, l

SNB left the monetary policy unchanged in June. Meanwhile, the members reiterated the commitment to intervene in the currency market as Swiss franc has remained “highly valued”. economic and inflation forecasts for this year were sharply downgraded as a result of the coronavirus pandemic and related