Oil Jumps, Powered by Biden Stimulus After Early Week Slide 

© Reuters. By Barani Krishnan   Investing.com — Oil was back in rally mode on Thursday, after an early week stumble, as President Joe Biden signed his Covid-19 relief bill into law, sending prices of stocks and commodities ripping on the promise of vaccinations and economic reopening. Biden’s $ 1.9 trillion stimulus, one of the largest […]

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GBP/USD Jumps to More Than 2-Year High Ahead of Data Deluge Next Week

© Reuters. By Yasin Ebrahim Investing.com – The pound surged to more than two-year highs on Friday, and remained on track for its fifth-weekly win on growing expectations for a strong vaccine-led rebound in the economy ahead of an important week of data that will include clues on monetary policy. rose 0.26%, to $ 1.3850, […]

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JPMorgan profit jumps on trading, investment banking strength

© Reuters. (Reuters) – JPMorgan Chase & Co (NYSE:) reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank’s lending business. Net income rose to $ 12.1 billion, or $ 3.79 per share, in the quarter […]

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Dollar holds firm as Treasury yield jumps, spurring rebound

© Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul By Tommy Wilkes LONDON (Reuters) – The U.S. dollar held onto its recent gains on Tuesday after a spike in U.S. Treasury yields lifted demand for the currency. The dollar had hit a more than 2-1/2-year low […]

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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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Pound Jumps to Three-Month Highs on Report of Progress on Fishing Quotas

© Reuters. By Yasin Ebrahim Forex – The pound surged Thursday on a report the U.K. and EU have made progress on fishing quotas, stoking hopes that a post-Brexit deal is within sight. rose 0.63% to $ 1.3447, though had been as high as $ 1.35 intraday. The U.K. and EU have reportedly found a […]

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Oil Jumps 4% as Crude Stocks Fall After Hurricane Zeta Disruptions

By Barani Krishnan Investing.com – Oil prices jumped 4% on Wednesday after data showed U.S. crude stockpiles dropped 10 times more than the build expected by analysts for last week as Hurricane Zeta became the third storm in six weeks to distort market projections. Crude prices also rose along with stocks on Wall Street after […]

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Oil jumps as inventory falls, market awaits U.S. vote results

10/10 © Reuters. The New York Stock Exchange is pictured 2/10 TOKYO (Reuters) – U.S. oil prices jumped more than 2% on Wednesday after industry data showed crude inventories in the United States dropped sharply and as investors awaited results from the tumultuous presidential election. West Texas Intermediate () was up $ 1.01, or 2.7%, […]

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Currency market volatility jumps before U.S. election

© Reuters. FILE PHOTO: U.S. dollars and other world currencies lie in a charity receptacle at Pearson international airport in Toronto LONDON (Reuters) – Gauges for implied currency swings in the foreign exchange markets jumped to their highest levels in nearly seven months on Wednesday as traders anticipated more volatility before the outcome of the […]

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