Stocks at Highs and Dollar Ticks Slightly Lower
Dollar heavy as sentiment remains positive; US jobless claims send positive messages Major US stock futures have managed to remain near record highs, while trading volumes have narrowed, and liquidity is drying up as the trading doors near closure for...
Oil Rises Slightly, Gold Falls But Recovers
Oil edges higher Oil prices edged higher overnight thanks to larger than expected falls in US crude and gasoline inventories and receding virus nerves. Brent crude tested USD 80.00 a barrel intraday but finished the session 0.25% higher at USD...
Pound Rises to 5-Week High
The British pound has posted gains on Wednesday. Earlier in the day, GBP/USD touched 1.3480, its highest level since November 19th. This date was the last time that the pound was at the 1.35 line, a psychologically significant level. The...
Stocks 2022 Outlook: Will Bulls Dominate or Bumpier Times Ahead?
It’s been another spectacular year for equity markets as the pandemic-induced stimulus has kept the rally on Wall Street alive even as the virus threat has yet to recede. The picture has been a little more mixed in some other...
Stocks Imply a Risk-on Tone, and Greenback Stabilizes around 96 Mark
Dollar’s shine dulls in forex arena; Are Omicron risks set to rise? Will Omicron underpin infections? The chaotic 2021 period is soon coming to an end and the lack of market driving news on today’s economic calendar is unlikely to...
Stocks Lifted by New S&P 500 Record, Yen Retreats
Global stock markets get a lift from S&P 500’s latest dash to new all-time highs Dollar holds steady but yen on a broad pullback amid easing Omicron jitters Oil bounces back as demand worries subside, gold hits one-month high Wall...
Equity Indices Trade Mixed amid Holiday Impact and Recent Gains on Wall Street
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Australian Dollar Trading Sideways
Tis the week of Christmas, which means eggnog, crackling fireplaces and thin liquidity in the markets. With Australian markets closed on Monday, the Aussie has shown little movement today and this should continue in the North American session. There are...
Cautious Mood in Holiday-Thinned Trade
Asia drifts lower despite China support but European shares eye gains Rising virus cases put investors on edge as doubts re-emerge about Omicron impact Commodities pressured, dollar firms, pound advances Subdued start to final week of 2021 Markets were struggling...
Weekly Economic & Financial Commentary: Fending Off Omicron…for Now
Summary United States: Fending Off Omicron…for Now Consumer confidence improved even as inflation is as high as it has been since the 1980s. Personal spending rose 0.6%, but after accounting for inflation, real spending was flat. While still hot, the...