A small bid for risk currencies as UST price slips (10yr yield to its highest in 11 months)

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Brent Oil Hits $60/Barrel; Trades at Highest Since January 2020

© Reuters. By Peter Nurse Investing.com – The front-month Brent futures contract traded past $ 60 a barrel early Monday for the first time in over a year, boosted by hopes for further U.S. economic stimulus measures as well as output discipline by top oil producers that has driven global stockpiles steadily downward over recent […]

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Key gauge of euro zone market inflation expectations jumps to highest since Jan 2020

© Reuters. LONDON (Reuters) – A key market gauge of long-term inflation expectations in the euro area rose on Wednesday to its highest level in almost a year, boosted by rising U.S. inflation expectations. The five-year, five-year breakeven forward, rose to just above 1.29%, its highest level since January 2020 — before the spread of […]

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Oil hits highest since March collapse on vaccine, Biden transition

© Reuters. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County By Alex Lawler LONDON (Reuters) – Oil hit its highest since in March on Tuesday, rising towards $ 47 a barrel, as a third promising coronavirus vaccine spurred demand recovery hopes and U.S. President-elect […]

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Stocks close at the highest level since September 2. Dow closes positive for the year

Indices close near the highs for the day The US stock markets are closed for the day.  All 3 major indices close higher on the day led by the NASDAQ index. Highlights for the day include Dow’s close positive for 2020 Major indices close at the highest level since September 2 Dow enjoys its best week in […]

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NZDUSD trades to highest level since April 2019, but backs off

The 0.6780-0.6790 ceiling area was broken but only barely. The NZDUSD traded to its highest level since April 3, 2019, getting above a ceiling area between 0.67803 and 0.6790. That’s the good news for the buyers. The not so good news is that the price can only extend to 0.67969 before rotating back to the […]

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Outside day in Treasuries pushes yields to highest since June

What’s the signal There’s a dovish take in the equity and Treasury market today in the aftermath of the Fed. Rates led the way higher and stocks are finishing with yet-another gain despite a volatile day. Here are BMO rates strategists on the new Fed paradigm: Our takeaway was relatively straightforward; the Fed’s new stance […]

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Bitcoin hits highest in 13 months as 2020 rally gathers steam

© Reuters. FILE PHOTO: Representations of virtual currency Bitcoin are seen in this picture illustration taken LONDON (Reuters) – jumped to its highest in over a year on Monday, adding to a 2020 rally that has seen it more than treble in price since March. The biggest cryptocurrency gained 4.4% to $ 12,424, its highest […]

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Dow closes at the highest level since February 24, and just 2.6% from unchanged on the year

Dow and S&P are up for the 7 days in a row The Dow industrial average led the way for stocks to the upside with a 1.3% gain.  The Dow index close at the highest level since February 24th and is just 2.6% from unchanged on the year.  Both the Dow and S&P have closed […]

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