Up $0.74 or 1.53% The WTI crude oil futures are settling the week higher on the day and trading at the highest level since February 26, 2020. The January contract settle at $49.10. That’s up $0.74 or 1.53%. The high for the day reached $49.28. The low extended to $48.10. Last week the price close of
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Bitcoin (BTC) price has seen a massive rally in previous months, accelerating from $10,000 to a recent all-time high of around $23,700. This is a rally of 135% in just a matter of a few months. It’s speculative to discuss where the price of Bitcoin could run from here. However, certain levels must be held
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon said that small businesses it surveyed are in dire need of another round of emergency Paycheck Protection Program funding. “They really have needs; 90% of them have exhausted their
NZD/USD gains have been capped by the 0.7150 level on Friday amid a minor recovery in USD. USD looks likely to close in the green for the first time this week, with DXY consolidating just above the 90.00 level. NZD/USD has traded largely as a function of USD dollar flows on Friday and given a
Major indices rebounded into the close but and lower NASDAQ snaps a 4 day winning streak Each of the major indices set intraday all-time highs S&P 500 snaps a 3 day win streak major indices close higher for the week It was a quadruple witching hour today and also a rebalanced day for the S&P
Forex news for North American trading on December 18, 2020 The day (and week for that matter) started with hopes for deals. One was for a Brexit deal out of the EU/UK. The second was a deal out of US lawmakers for a Covid stimulus deal. Both did not happen with negotiations continuing into the weekend.
Guar gum prices on Friday fell Rs 151 to Rs 6,144 per five quintal in futures market as traders offloaded their holdings in line with weak trend at spot market. On the National Commodity and Derivatives Exchange, guar gum for December delivery fell by Rs 151, or 2.4 per cent, to Rs 6,144 per five
Trading in the financial markets are rather subdued today, pretty much in pre-holiday mood. Dollar is still in recovery mode but upside momentum has been very weak. The greenback is set to end as the worst performing one, followed by Canadian and then Swiss Franc. On the other hand, Sterling is also paring some gains,
The Fed may see a brighter long-term outlook when it releases its economic forecasts Wednesday due to vaccine developments, but it also has the opportunity to disappoint at least some investors who are expecting immediate changes in its bond buying program. The market has been divided about whether the Fed would extend the duration of
A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America, and strong demand
US equities spent most of US trading hours on the back foot, only to rally sharply into the close. Quad witching and Tesla’s inclusion in the S&P 500 index next Monday distorted trade. US equities seemingly did not trade as a function of the usual themes that have been driving the price action as of
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