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Daily Market Outlook – Its official, Biden wins – Pfizer announces an effective vaccine

After 5 days of overwhelming suspense, Joe Biden has been named the 46th US President-Elect, trumping Trump with a whopping 290 electoral votes, according to Associated Press. The democratic candidate reversed what was Trump’s initial momentum in the last states of Pennsylvania and Georgia, leaving Trump behind with a mere 214 electoral votes.  In other […]

The eurozone has slumped into its longest recession ever…

Good Morning,   – Euro slips to six-week low at 1.2850 level on weak euro zone GDP. – Asian shares: Japan’s Nikkei -0.39%, Hong Kong’s Hang Seng +0.26%(07:00 GMT), Korea’s Kospi  +0.79%, Australia’s ASX 200 -0.56% and China’s Shanghai +1.21%. – Economic output across the single currency area fell by 0.2% in the first three […]

USDJPY records new 7 week lows

Yen retraced significantly versus Dollar yesterday as traders practiced risk aversion. The pair approached the 7 week-low due to the weak financial data released for US as well the difference between US and Japanese bond yields that reached the lowest level in the past two weeks. Meanwhile, our focus now turns towards the Japanese GDP […]