Oil Dips for 4th Day as IEA Sees No Supercycle For Demand

© Reuters. By Barani Krishnan and Liz Moyer Investing.com – Oil prices settled lower on Wednesday for a fourth straight day after the International Energy Agency said it will take another two years at least for global demand to return to pre-pandemic levels. The U.S. Energy Information Administration, meanwhile, reported a fourth straight weekly build in […]

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Yields Rise, Dollar Dips, PMIs Diverge, Oil Slips – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — Treasury yields rise and the dollar falls to new lows against everything from crypto to sterling as markets return to the reflation trade. Stocks are set to open up, with Deere (NYSE:) and Roku (NASDAQ:) conspicuous gainers. Oil is slipping as Texas oil output comes back online and refiners […]

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Gold Dips Pre-Fed, Awaits Powell’s Take on Economy

© Reuters. By Barani Krishnan Investing.com – As the dollar finally ratcheted higher amid a meltdown in stocks, safe-haven gold joined risk assets, including bitcoin, on the way down Wednesday as dabblers in the yellow metal awaited the Federal Reserve’s latest take on the economy. Pursuant to its first monthly policy meeting for 2021, the […]

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US Dollar dips as chaos in Washington continues

6 PM curfew and Virginia National Guard called in The US dollar has dipped modestly as chaos continues in Washington and specifically and and around the US Capitol.  There will be a 6 PM curfew and the US National Guard of Virginia have been mobilized.    Looking at the strongest to weakest rankings of the major currencies […]

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Swiss franc falls against euro on Brexit relief, dollar dips on U.S. stimulus

© Reuters. FILE PHOTO: Pound and U.S. dollar bills are seen in this illustration By Yoruk Bahceli AMSTERDAM (Reuters) – The Swiss franc fell to its lowest in nearly seven months against the euro on Monday as the Brexit trade deal remained in focus, while the dollar dipped after U.S. President Donald Trump signed a […]

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Oil Dips But Clinches 6th Winning Week, Defying Huge U.S. Builds

© Reuters. By Barani Krishnan Investing.com – Oil prices fell on Friday but still rose for a sixth straight week after longs in the market ignored creeping U.S. crude stockpiles and weakening demand for fuels on the notion these will sort out once coronavirus vaccines get more people out and the economy moving. New York-traded […]

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Gold Dips Despite Trump Being Covid Positive; Gains on Week

By Barani Krishnan Investing.com – Gold’s standing as a safe-haven became more questionable on Friday as its prices dipped despite President Donald Trump testing positive for the coronavirus. The dollar, the yellow metal’s nemesis, gained instead, once again highlighting the bizarre relationship between the two in recent months. settled at $ 1,907.60 an ounce on […]

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Forex – Dollar Dips Amid Negative Rates Concerns

© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Friday as the onslaught of grim economic numbers raised the specter of negative U.S. interest rates, undermining the yield advantage of holding dollar-denominated assets. At 2:55 AM ET (0655 GMT), the , which tracks the greenback against a basket of […]

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