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USD/CAD is trying to settle above 1.3000.
Prices rose early in the session on a small uptick in heating demand due to a modest shift in the forecast.
The British pound has rallied significantly on Tuesday, breaking towards the 1.3250 level before showing signs of resistance. The market continues its uptrend.
The good news on the Covid-19 vaccine plus hopes for the extension of OPEC+ production cuts started this week.
The Pound holds onto $1.32 levels, as the focus shifts to Barniers scheduled update on negotiations later today…
Shares of Amazon, Alphabet, Apple, Facebook and Microsoft are set to open lower as traders fear that increased regulatory scrutiny will hurt profits of Big Tech.
The rally was fueled by investors who applauded progress in the advance of a COVID-19 vaccine which lifted confidence in a world economic recovery.
Asset prices “remain vulnerable to significant declines should investor risk sentiment fall or the economic recovery weaken,” the Fed said.
The markets gave back most of their earlier gains after U.S. Senate Majority Leader Mitch McConnell commented on election night “irregularities”.
After an impressive start to the week, the futures point to the red. U.S stimulus talk brings the economic outlook and stats back into focus.
The publication of the data about the Non-Farm Payrolls (NFP) generates volatility in the trading market. Forex traders use the economic calendar to prepare for this publication.
Biden declared victory in the election and addressed the nation on Sunday. Market risk appetite was therefore lifted, boosting gold at the expense of the US dollar.
Are we a step closer to the end of the pandemic？ Markets say ‘YES’.
A relatively quiet day on the economic calendar leaves Capitol Hill, Brexit, and COVID-19 news updates in focus.
The Dow Jones, S&P 500 and Nasdaq 100 soared the most since early April as Joe Biden took the lead in the US election. The US Dollar sank and gold prices rallied. Uncertainties remain however as mo...
OPEC and its allies could postpone bringing back 2 million bpd of supply in January given demand has been sapped by new COVID-19 lockdowns.
The Securities & Futures Commission of Hong Kong (SFC) announced its plan for a new regulatory framework that makes it mandatory for all companies that offer crypto trading to apply for a license.
Mortgage rates see another record low as market uncertainty over what lies ahead for the U.S economy weighed.
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