Up 2.34% on the day The price of WTI crude oil futures for February delivery settling at $48.12. That’s up $1.10 or 2.34%. The high price reached $48.50. The low price extended to $46.16. Looking at the daily chart, the low for the day stalled just ahead of the 61.8% retracement at $46.04. Pulling that
Not much else happening at this point as the UK and EU are still finalising a Brexit trade agreement No change to the narrative besides some last-minute hitch to fisheries, but that will surely be resolved one way or another as the political will is certainly there. Both sides will want to get this out
NEW DELHI: Gold and silver futures prices in the domestic market slipped on Thursday as traders booked profits after softer jobless claims data showed signs of economic improvement. Hopes of a Brexit deal also put pressure on prices. Data on Wednesday showed the number of Americans filing first-time claims for unemployment benefits unexpectedly fell last
Trading remains rather subdued with markets already in holiday mode. Sterling has the potential to explode with wild moves, but we’re so far disappointed by the lack of progress in Brexit trade negotiations. The surge in cases of the coronavirus, with threats of a new strain, also kept risk appetite capped. A bunch of economic
Jobless claims rose less than expected last week as employers weighed a wintertime spike in Covid-19 cases against expected relief from a pending $900 billion stimulus package, according to a Labor Department report published Wednesday. The number of first-time unemployment-benefits filers decelerated to 803,000 in the week ending Dec. 19. Economists polled by Dow Jones
“Japan’s economy is likely to improve moderately as a trend,” the Bank of Japan (BOJ) Governor Haruhiko Kuroda said in a scheduled speech at the Japan Business Federation’s Board of Councillors Meeting, in Tokyo. Additional quotes There is high uncertainty for economic outlook as it will likely take time for vaccines to reach broad sectors
Dow and S&P higher on the day. Nasdaq lower and closes near the lows. The Russell 2000 closes at a record The US major indices are closing with mixed results. The down S&P index are closing higher on the day. The Nasdaq index is closing lower and near the lows for the day. The Russell 2000 of small-cap stocks
Figuring out the point at which decentralized finance began almost always ends up in a rhetorical debate. Some argue that Bitcoin’s (BTC) invention a decade ago marked the start of it, as the major cryptocurrency was the first peer-to-peer digital money and represents the conceptual core underpinning DeFi. Others say — and would be technically
Forex news for North American trading on December 23, 2020 Is it done or not? That is a question for Brexit. Some may say it is also the question for Covid relief and the Defense Authorization Act. Reports on Brexit are that there is an agreement but later there have been reports that the UK government wavered
Silver prices on Wednesday rose by Rs 209 to Rs 67,080 per kg in futures trade as participants widened their bets on a firm spot demand. On the Multi Commodity Exchange, silver contracts for the March delivery gained Rs 209, or 0.31 per cent, to Rs 67,080 per kg in 13,631 lots. Analysts said the
Sterling rises broadly in early US session on rumor that Brexit trade deal is “pretty much there”. But just like recent price actions, upside of the Pound is capped so far, waiting for confirmation. Dollar turns softer after a mixed batch of economic data, while firmer risk sentiment also sends Swiss Franc and Yen lower.
A ‘Open House’ sign stands outside a new home for sale in the D.R. Horton Cambridge at Southbury development in Oswego, Illinois. Daniel Acker | Bloomberg | Getty Images Sales of newly built homes came in far weaker than expected for November, and builder stocks are not taking it well. Shares of the biggest names,
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Data released on Wednesday showed the economy expanded at a 0.4% rate in October. According to National Bank of Canada analysts point out that the real question remains whether the recovery can be sustained, especially with more stringent lockdown measures to control the spread of coronavirus. Key Quotes: “Real GDP continued to recover in October, gaining
Gold is trading up by over 5% since the start of the month Despite a bit of a pullback from $1,900 from earlier in the week, gold has had a stellar month so far and if the seasonal pattern is anything to go by, January promises to be yet another solid month for gold buyers.
Comments by UK housing secretary, Robert Jenrick We are working through the serious issues There is not yet sufficient progress There is not yet a deal the PM thinks he can sign up to The same old story we’ve been hearing for weeks and months on end, as the clock continues to tick down to