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#Wall Street
Stocks end 4-day win streak

The 4-day winning streak on Wall street ended, while the euro dropped back from a 2-week high after more bomings in Ukraine unsettled hopes for a peace agreeement.

USD/TRY slides after giant rate hike

The lira was the big FX mover after the Turkish central bank raised interest rates to a massive 15%. News that the Oxford vaccine is safe and effective alongside the resumption of stimulus talks lifted stocks on Wall Street.

Bitcoin rally picks up steam

Bitcoin has rallied another $800 from yesterday’s break of $12,000. The British pound hit a monthly high, rallying 200 pips after trade talks resumed. Tesla reported a 5th consecutive quarterly profit after the close of another soft day in equity markets.

Record US Coronavirus cases

Good Morning. It’s the last full trading week before the US election. EUR/USD is at its highest in 7 weeks. Wall Street closed lower last week while stocks in Hong Kong rose to the highest since Sept 3.

AUD/USD drops on ZIRP talk

Global markets have swung lower again at the start of the week as a deadline for US stimulus neared. The Aussie dollar was a top FX decliner after the RBA revealed it is considering zero-interest rates policy (ZIRP).

Kuroda defends weak yen

The Japanese yen has continued to weaken, making fresh multi-year lows versus several major currencies. Stocks on Wall Street rebounded, helped by gains in tech stocks.