European markets rallied from the London open during Tuesday’s sessions. The latest GDP figures for the Eurozone and individual countries provided investor optimism that if the COVID-19 vaccine rollouts are successful, growth will quickly re-appear. GDP for the Euro Area beat forecasts coming in at -0.7% for Q2 2020 after a revision for Q3 revealed […]
The U.S. Dollar moved near a seven-week high on Tuesday, capitalizing on a sell-off in the Euro. The day before, the single currency fell after bans imposed to fight the coronavirus reduced consumer spending in Germany. The squeezing of short positions on the U.S. Dollar also played a role since their number was too large.
Dollar bears start weakening! Read More »
Silver’s market price rose to an eight-year intraday high of just over $30.00 per ounce during Monday’s trading sessions, breaching R3 before slipping under that critical psyche handle, ending the day trading close to R2 and at $28.78, up 6.79%. Analysts and market commentators suggested that the cohort of Reddit activist traders, who allegedly helped
Oil prices are rising after a weak start. However, scattered coronavirus vaccine deployments, new infections, and the discovery of new strains of the virus are casting a shadow over demand prospects.Brent crude oil futures rose 1% to $ 55.57 a barrel, while WTI crude oil futures rose 0.8% to $ 52.61. Both the instruments rose
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Last week’s trading sessions ended with many global equity markets selling off as the risk-on sentiment dominating investor thinking over recent months suddenly evaporated. The SPX 500 closed Friday’s New York session down –2.22% on the day and –3.58% weekly and the NASDAQ 100 –2.36% down during the Friday session and –3.57% weekly. The NASDAQ
