European Union leaders reached a “historic” deal on a massive stimulus plan for the bloc’s economy, which is stagnating by the Covid-19. They reached the historic deal in the early hours of Tuesday after five days of negotiations. The agreement paves the way for the European Commission, the EU’s executive, …

British government borrowing rose to a record of 127.9 billion pounds ($ 162 billion) in the first three months of the fiscal year 21/2120, more than twice the entire year previously, with strict Coved 19 closures. Borrowing in June, excluding state-owned banks, reached 35.5 billion pounds, five times higher than …

FX option expiries for July 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts 1.1350 1.0bn1.1500 650m – USD/JPY: USD amounts          106.00 650m106.40 595m106.45 500m106.75 431m106.85 410m107.00 402m107.30 480m107.35 644m107.55 447m

European stock markets are set to open higher on Tuesday, supported headlines that the EU leaders have agreed on a massive stimulus plan to revive the economies damaged by the pandemic. DAX futures contract traded 1% higher, FTSE 100 futures contract in the rose 0.7%, while CAC 40 futures rose …

Bitcoin resumed its decline during European hours to test $ 9,133 while the crucial support at $ 9000 remains intact. At the time of writing, Bitcoin was trading at $ 9155, however, if it continues to gain bearish momentum it may retest the mentioned support area during American hours. Loose …

Spanish Prime Minister Pedro Sanchez said on Monday that he hopes that EU leaders will agree on a recovery plan in the coming hours.  “Reaching EU agreement will require empathy, dialogue and determination,” Sanchez said. European leaders will resume talks again later at 1400 GMT today, extending the summit in …

After extending talks in Brussels to the fourth day, EU leaders are inching closer to a 1.8T Euro stimulus package in light of the economic damage caused by the coronavirus pandemic. French Finance Minister Bruno Le Maire said on Monday an agreement on a recovery plan at the European Council …

US stocks set to open mixed on negative headlines over the weekend about the spread of Covid-19. Cases continued to increase in Florida, reaching more than 10,000 new cases on Sunday, while Los Angeles Mayor said the city was “on the brink” of imposing new strict measures to prevent the …

The United Kingdom Prime Minister Boris Johnson said on Monday that he doesn’t see a COVID-19 successful vaccine developed by the end of this year, saying “we’re not there yet”. According to Reuters, Britain announced supply deals for two more vaccines under development. “To say that I’m 100% confident that …

Prices of the precious yellow metal rose during trading on Monday with weak USD, due to concerns about the increase in Covid-19 cases and its impact on the global economy, which kept the metal above the psychological level of $ 1,800/oz. Gold is currently trading at $ 1811.70/oz, recording an …