Skip to content Skip to footer
Brexit uncertainty sends GBPUSD lower

Today’s Waves – 7th September

Brexit uncertainty sends GBPUSD lower

Earlier today UK Prime Minister Boris Johnson warned the EU that Britain will push forward with a no-deal Brexit should a trade agreement not be reached by the 15th of October.

This led GBPUSD to a near two week low, dropping to its lowest level since 26th August. The drop comes as trade negotiations with the EU are set to resume this week.

Johnson also outlined possible amendments to the initial treaty signed in January, however EU officials warned that there would be no trade deal if the UK tried to tinker with the Brexit divorce bill.

DAX gains as vaccine hopes grow

The DAX rose to as high as 13,110 on Monday, recovering from two consecutive days of bearish candles on Thursday and Friday.

This rally came as Australia announced that it expects to receive its first batches of a potential COVID-19 vaccine in January.

The news saw AstraZeneca rise by close to 1.6%, with the European healthcare sector index also gaining by 1.1%. The news comes on the eve of GDP growth rate data from the Eurozone, and as COVID-19 cases were once again on the up in Europe as we move toward the end of the summer season.

UK house prices jump by most since 2016

UK house prices saw their biggest growth in four years, climbing to a record high in the process.

It was said that the price of an average house in the UK hit £245,747 for the first time on record. This represents a month-on-month growth of close to 1.6% from July to August and comes in better than the forecasted 1.5% growth.

The FTSE 100 bounced from its recent 3-month low on the news, and reached a high of 5,941, nearing the 6,030 support handle.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.