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Gold Rises To An Eight-Week High

Gold prices popped higher as the US dollar continued to extend declines. The pace of gains in the precious metal was however bigger, rising almost 2% intraday. The gains come amid a mixed set of narratives, including the Georgia senate runoff election. Price action has finally emerged from the conso

Coronavirus update: Covid strain mark presence in New York, Norhern Ireland backs stay at home order

Following the UK’s virus-led activity restriction measures, Northern Ireland joins in the stay-at-home orders to tame the coronavirus (COVID-19) outbreak. That said, updates concerning international travel and remote learning for schools are yet in the pipeline. Read: AUD/USD: Risk off triggers pull

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METALS-Worry about Indonesian supplies fuel nickel's surge

(Updates with official prices) LONDON, Jan 4 (Reuters) - Nickel prices surged to two-week highs on Monday as concern about supplies surfaced after an earthquake in Indonesia, while base metals overall were boosted by a weaker dollar and robust manufacturing activity in China and Europe. Benchmark ni

DAX Rises As UK Begins Vaccine Rollout

German stocks advanced on Monday as the new EU/UK trade deal regulations came into force over the weekend and the U.K. began the Oxford/AstraZeneca vaccine rollout, making another step in the global battle against the pandemic. Eleven months after the U.K. announced the departure from the EU, both t

Vaccines and Bitcoin drive markets at the start of the year

We are expecting to see a positive start to the first full trading week of 2021 as vaccine rollouts fuel hopes that Covid-19 will not be as devastating to economies in the new year. At the same time Bitcoin and now Ethereum are hitting new highs as investors pile into cryptocurrencies. Stocks in Chi

EUR/USD: Extra gains expected above 1.2309 – UOB

FX Strategists at UOB Group see EUR/USD advancing further if 1.2309 is cleared in the next weeks. Key Quotes 24-hour view: “EUR rose to a high of 1.2309 last Thursday before dropping sharply. The rapid decline amid overbought conditions indicates that 1.2309 is likely a short-term top. That said, th

Former Viacom shareholders can sue Shari Redstone over ViacomCBS merger

(Reuters) - A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc so she could become a media magnate like her late father, Sumner Redstone. Slideshow ( 2 images )Vice Chancel

Gold Seeks Direction as USDX Slips

Gold is range trading and remains more or less flat as it seeks momentum. As we wait for the precious metals to act on a catalyst, let’s also take a look at the Euro’s relation to the U.S. Dollar and how both impact gold. Over the last 24 hours, the precious metals market did more or less nothing, d

Eurozone: Long-term interest rates would be markedly higher without financial repression – Natixis

The long-term interest rate in the eurozone is now zero and the core eurozone countries' long-term interest rate is now negative. However, holdings of public sector bonds or debt have not declined, even though, given the interest rate risk, it is becoming preferable to hold bank deposits rather than

BoJ in focus with minutes, inflation

The Japanese yen has posted gains on Wednesday, recovering most of the losses from the Tuesday session. Currently, USD/JPY is trading at 103.40, down 0.23% on the day. BOJ minutes discuss tweaks to policy Japan continues to struggle with an economic downturn and a resurgence in the number of Covid c

DAX Forecast: Market Gains as Holiday Began

The DAX Index initially drifted lower during the trading session on Thursday but found enough buying pressure to turn things around and reach towards the 13,584 level by the time we closed. What is worth noting is that the Brexit deal was signed, so there would have been a bit of a boost as it shoul

Dollar Little Changed After S&P/Case-Shiller Home Price Index

The U.S. S&P/Case-Shiller home price index for October has been released at 9:00 am ET Tuesday. Following the data, the greenback changed little against its major counterparts. The greenback was trading at 103.67 against the yen, 1.2255 against the euro, 1.3503 against the pound and 0.8856 again

Sensex, Nifty Post Fresh Record Highs As Market Extends Gains To 5th Day

The Indian stock market ended on a high note on Tuesday, extending gains to a fifth straight session, as investors continued to pick up shares, on positive global cues. Encouraging news on U.S. stimulus front and the latest update on post-Brexit trade deal between European Union and the U.K. helped

Dow set to log more gains

Fundamental Analysis The Dow Jones futures are on track to record more than four consecutive days of gains, and traders are still willing to push the stock market higher. All of this is taking place on the back of optimism that fiscal policies and monetary policies will continue to support the bulli

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