Oil Pares Losses, Gold Suffering a Hangover
Oil gets a reality check Oil is trading a little higher on Thursday, after pulling back towards the middle of their post summer range over the last couple of sessions. Crude prices had gathered some significant bullish momentum and were...
More Lock-Down In Europe
Market movers today Overall, still a quiet day in terms of economic data releases, with US jobless claims being the highlight of the day. Besides that different confidence measures from Norway, Denmark, Germany, France, the euro area, the UK and...
GBP/USD Soars as CPI Rises
GBP/USD has posted sharp gains in the Wednesday session. In the European session, the pair is trading at 1.3165, up 1.6% on the day. Barring a significant correction during the North American session, the pound is poised for its strongest...
Oil Rebounds, Gold Edges Higher
Oil also recovers on stimulus hopes Oil prices recovered overnight, boosted by OPEC+’s JMMC holding its nerve on production cuts, and rising expectations that a US stimulus deal will occur. The sentiment was boosted by Nancy Pelosi’s pre-election deadline passing,...
USD/CAD Continues to Range-Trade
USD/CAD is almost unchanged for a second straight day. In Tuesday’s North American session, the pair is trading at 1.3184, down 0.06% on the day. In the US, construction releases were positive in September. Housing Starts were up 1.9%, while...
U.S Futures Green – Watch INTC, PG, PM, IBM, GS, MRNA, MSFT
The S&P 500 Futures are posting a rebound after they closed sharply lower yesterday. Despite House Speaker Nancy Pelosi calling on the government to reconcile remaining disputes on a fiscal stimulus package within 48 hours, no progress was made toward...
Markets Optimistic on Stimulus Talks
A tentative start to the week with European stock markets a mixed bag and US futures a little higher on slightly improved hopes of a stimulus deal before the election. There are an unusual number of major risk events occuring...
U.S Futures Rising – Watch COP, CXO, SNAP, HAL, ADM
The S&P 500 Futures are on the upside after they closed mixed on Friday. On Sunday, House Speaker Nancy Pelosi called on the government to reconcile remaining disputes on stimulus legislation within 48 hours in an attempt to pass a...
Asia Morning: U.S. Stocks Mixed, Tech Shares Still Down
On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average rebounded 112 points (-0.39%) to 28606, the S&P 500 was flat at 3483, while the Nasdaq 100 sank a further 46 points (-0.39%) to 11852. Dow Jones Industrial Average...
Weekly Economic and Financial Commentary: Rebound Continues, but Initial Claims and Cases Rise
U.S. Review Rebound Continues, but Initial Claims and Cases Rise Data continue to reflect an economy digging itself out of the lockdown-induced slump. Consumer prices and retail sales rose in September as activity continued to pick up, but a rise...
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