Oil prices hold steady as investors weigh rising supplies, demand outlook

© Reuters. Views of Total Grandpuits oil refinery By Florence Tan SINGAPORE (Reuters) -Oil prices were little changed on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the COVID-19 pandemic. futures for June edged down 2 cents to $ 63.18 a barrel by 0450 GMT, while U.S. […]

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EUR/USD keeps afloat above 1.1700 but sellers still hold all the cards for now

Tough to find reasons to be bullish EUR/USD at the moment Besides stretched euro long positions being trimmed, it is tough to pick at reasons to be bullish the single currency against the dollar at this moment in time. The vaccine/recovery divergence story is arguably one of the key factors but also with the Fed […]

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U.S. SEC directs ConocoPhillips, Occidental to hold shareholder votes on emissions targets: FT

© Reuters. FILE PHOTO: FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door (Reuters) – The U.S. Securities and Exchange Commission has directed ConocoPhillips (NYSE:) and Occidental Petroleum Corp (NYSE:) to hold shareholder votes on far-reaching new emissions targets, the Financial Times reported on Saturday. The SEC denied requests from both oil […]

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WTO to hold ministerial meeting in Geneva in late 2021: sources

© Reuters. World Trade Organization (WTO) in Geneva GENEVA (Reuters) – World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates told Reuters. The biennial conference was originally set to be held in Kazakhstan last year but was delayed due to the pandemic. The […]

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Stocks trying to hold momentum in Asian after U.S. records

© Reuters. A man wearing a mask, following the coronavirus disease (COVID-19) outbreak, stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes, at the Lujiazui financial district in Shanghai By David Henry (Reuters) – Global stocks were poised to rise again on Tuesday in Asian trading after another record-setting day […]

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South Africa puts AstraZeneca vaccinations on hold over variant data

© Reuters. FILE PHOTO: FILE PHOTO: Vial and sryinge are seen in front of displayed AstraZeneca logo By Alexander Winning and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) – South Africa will put on hold use of AstraZeneca (NASDAQ:)’s COVID-19 shot in its vaccination programme, after data showed it gave minimal protection against mild-to-moderate infection caused by the […]

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Dollar continues to hold slightly firmer, risk showing some hints of calming down

The risk rout calms down ahead of North American trading The greenback continues to lead the charge in the major currencies space but gains have been trimmed somewhat across the board as risk sentiment exudes some calmer tones. The DAX fell by nearly 2% earlier in the session but has trimmed losses well beyond opening […]

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Dollar Remains Weak; Democrats Take Hold of the Senate

© Reuters. By Peter Nurse Investing.com – The dollar remained trading near its weakest level in nearly three years Thursday as the projected Democrat victories in the U.S. Senate runoffs in Georgia pointed to two years of loose fiscal and monetary policy.. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback […]

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Exclusive-U.S. trade czar Lighthizer’s advice for Biden on China: “Hold their feet to the fire”

© Reuters. Senate Finance Committee hearing on U.S. trade on Capitol Hill in Washington By David Lawder and Andrea Shalal WASHINGTON (Reuters) – President-elect Joe Biden should keep pressing China to stick to the “Phase 1” trade deal, which Beijing has done a “reasonably good job” implementing parts of, using tariffs as leverage, U.S. Trade […]

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Cable nears the week’s highs as buyers hold on to Brexit deal hopes

This is a market itching to buy the pound For bank trade ideas, check out eFX Plus But for the pound, it is shrugging off any pessimism as punters are continuing to bet on a more optimistic outcome. Cable is now trading near the highs for the week, testing the resistance region at 1.3430-40 as […]

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