Pound Extends Longest Winning Streak Against Euro Since 2015

© Reuters. Pound Extends Longest Winning Streak Against Euro Since 2015 (Bloomberg) — Sterling’s vaccine-fueled rally against the euro is beginning to look relentless. The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better […]

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Gold Has First Winning Week in Three; Outlook Cloudy

Investing.com – Gold clinched a weekly gain on Friday after two weeks in the red. But two straight negative sessions before the end of the week also clouded the near-term outlook for the yellow metal. Gold has struggled to put in a meaningful recovery since tumbling to 10-week lows beneath $ 1,785 an ounce last […]

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Major indices post 2 day winning streak. Amazon and Google beat on earnings. Bezos to step down from CEO role

S&P post the best day to day performance since November The major indices closed higher for the 2nd consecutive day with solid gains across the board ahead of earnings from Amazon and Google after the close. The final numbers are showing: S&P index +52.37 points or 1.39% at 3826.24 NASDAQ index up 209.38 points or […]

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Oil Ends up 7th Week, Longest Winning Streak Since April 2019

© Reuters. By Barani Krishnan Investing.com – Oil prices were up for a seventh straight week, the longest winning streak in 20 months, as bets for economic recovery in 2021 were turbocharged by expectations that a new Covid-19 fiscal relief worth almost $ 1 trillion will pass Congress soon. Printing more money at the expense […]

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Gold Clinches Third Winning Week on Stimulus Chase

© Reuters. By Barani Krishnan Investing.com – Gold prices dipped Friday as the battered dollar rebounded from 2-½ lows. But that didn’t stop the yellow metal from posting a third straight weekly rise from gains accumulated on bets that the U.S. Congress will soon pass another coronavirus fiscal relief. Printing more money at the expense […]

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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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Crude Oil Price Notches Three-Week Winning Streak on Vaccine Hopes

© Reuters. By Yasin Ebrahim Investing.com – Crude oil prices rose Friday marking a third-straight week of gains as investors weighed up positive Covid-19 vaccine news against the prospect of further lockdowns souring demand.   On the New York Mercantile Exchange for December rose 41 cents to settled at $ 42.15 a barrel, while London’s Intercontinental […]

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Investors celebrate Biden winning U.S. presidency

2/2 © Reuters. U.S. Democratic presidential candidate Biden campaigns in Philadelphia 2/2 By Lewis Krauskopf, Koh Gui Qing and Lawrence Delevingne NEW YORK (Reuters) – Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days […]

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US major indices end lower. Dow, S&P and NASDAQ snap 3 day winning streak

Modest declines ahead of the presidential debate The US stock market was relatively quiet today. The major indices all fell on the day and in the process snapped a 3 day winning streak for each.  The NASDAQ remains 8% below its record high. The S&P is some 7% below its record high. The final numbers are showing: Let’s […]

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NFP preview: Winning streak in the labor market could continue in August

Overdue correction, especially in the US tech sector finally happened on Thursday, however there are some solid signs of cooling-off on Friday. European equities indicate renewed buying interest, albeit more cautious, while futures on the US stock indices advanced a bit. In the light of increased market fragility and heightened concerns about prolonged decline, US […]

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