Biden Confirmed, Trump Backs Down; Jobless Claims Eyed – What’s up in Markets

© Reuters By Geoffrey Smith  Investing.com — Congress confirms Joe Biden as president-elect; Donald Trump backs down on leaving the White House after his supporters trashed the Capitol. Weekly jobless claims and monthly trade balance data are due; Alibaba and Tencent head for the U.S.’s naughty list, and oil consolidates above $ 50. Here’s what you […]

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Dollar Near Multi-Year Lows; Stimulus Talks and Fed Eyed

© Reuters. By Peter Nurse Investing.com – The dollar remained near multi-year lows in early European trade Tuesday, with little news to challenge a dominant narrative that sees loose U.S. policy underpinning a broad global recovery next year. At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of […]

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EUR/USD Set to Snap 4-Day Winning Streak as ECB Sticks to Script; EU Summit Eyed

© Reuters. By Yasin Ebrahim Investing.com – The euro looked set to snap a four-day winning streak on Thursday after the European Central Bank left monetary policy unchanged, but the single currency could be set for a rocky end to the week as the EU gets ready to discuss the €750 billion recovery plan. fell […]

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Gold Gains In Asia As Dollar Index Dips Further, Mnuchin Comments Ahead Eyed

© Reuters. Gold gains in Asia Investing.com – Gold prices gained in Asia on Thursday after an initial small gain in the dollar index was reversed and favored physical buying of the greenback-denominated commodity with investors still pondering an apparent switch in the US strong dollar policy by the US Treasury Secretary Steven Mnuchin overnight. […]

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Japanese Yen Technical Analysis: Support Holds, New Range Eyed

Talking Points: USD/JPY is still mired, but its downtrend channel has not seen a downside test for quite some time The channel base may well be losing relevance EUR/JPY’s latest lower low bears watching Find out what IG clients make of the Japanese Yen’s prospects right now at the DailyFX Sentiment Page The Japanese Yen […]

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