Month: November 2020

Dow approaches 30 K The Dow and S&P index both closed at record levels. The NASDAQ index is still off its record high level as investors move into the more beaten-down stocks of 2020. Dow post 1st record close since February Russell 2000 also closed at a record high level Dow closes 48 points from
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Oil prices jumped more than 4% on Monday, recouping the previous session’s losses after Moderna Inc said its experimental vaccine was 94.5% effective in preventing COVID-19. Brent crude futures for January were up $1.79, or 4.2%, to $44.57 a barrel by 1420 GMT, while U.S. West Texas Intermediate crude for December was up $1.84, or
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Global investor sentiments are boosted by more good news on coronavirus vaccines. Moderna said it’s vaccine was 94.5% effective in preventing COVID-19, based on interim data from a late stage trial. Major European indices are trading up while DOW future is gaining over 450 pts. In the background, solid data from China and Japan released
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And that is likely to emerge as the key trading theme this week As we get into the start of trading this week, you can just about use the contrasting narratives that are playing out to describe how the market is behaving. When the market switches to risk-on, it is all about vaccine optimism and
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Industrial metals rose on Monday, with copper prices hitting 29-month highs and aluminium scaling a fresh 20-month peak, on optimism around demand in top metals consumer China. Three-month copper on the London Metal Exchange jumped 2.6% to $7,161.50 a tonne by 0708 GMT, after touching $7,179 earlier in the session, its highest since June 14,
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Not going very far but staying above the moving average level The EURUSD traded between the 50% retracement near 1.17606 and its 100 hour MA (blue line) in trading yesterday.   Today after sleepwalking through the Asian session, the pair was able to extend above its 100 hour moving average and has stayed above that level (on a closing basis) since breaking. The
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