TODAY'S TOP MARKET NEWS
Enjoy our daily selection of major news and articles that will help you understand the market sentiment.
We curate our articles section to provide you the most relevant and independent information on the markets.
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Oil hits 9-month high
Crude oil broke out to a 9-month peak on Monday but stocks closed lower again as the Pfizer covid-19 vaccine was rolled out across the United States. Sterling held onto a turnaround that began Sunday even as London re-entered lockdown.
15 December 2020
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FDA approves covid vaccine
Both the Dow and the S&P 500 recorded their first down week in three. On Sunday it was agreed to extend Brexit talks past the latest deadline, while the FDA has approved the Pfizer covid-19 vaccine and will begin vaccinations in the US this week.
14 December 2020
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Airbnb doubles in debut
Airbnb saw its share price more than double in its public market debut on Thursday. The EU budget and Recovery Fund were finally agreed and on the same day the European Central Bank added 500 billion euros to its bond-buying program.
11 December 2020
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Nasdaq falls in ‘tech wreck’
Tech stocks sold off on Thursday triggered in part by Facebook being sued and broader worry that Congress is still far away from a new stimulus bill. Gold also fell amid stimulus concerns. DoorDash had a barnstorming IPO.
10 December 2020
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China FX reserves jump most in 7 years
Foreign FX reserves in China jumped by the most in a month since 2013 in signs that the PBOC is trying to cool strength in the yuan. The S&P closed above 3700 for the first time, Tesla sold $5 billion new shares and Bitcoin is back below $19000.
09 December 2020
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GBP wobbles over Brexit trade deal
Rumours that the UK could walk away from Brexit trade deal talks hit the pound, which dropped 1.5% vs. the dollar. Gold rallied back on the dollar weakness and uncertainty over vaccine production knocked the Dow 100 points lower.
08 December 2020
Read MoreLATEST WEEK AHEAD VIDEOS
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WEEKLY WEBINAR: JULY 27
Get your forex trading strategy right this week with our weekly webinar. Get expert technical analysis of the major #forex #cryptocurrencies #indices #commodities #stocks & #shares markets.
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WEEK AHEAD: JULY 26
The last meeting of the US Federal Reserve until after the summer should be a big driving force for forex markets. Also, the big tech companies report second-quarter earnings, which has implications for tech stocks as well as the Nasdaq index. Lots to discuss. Thanks! Rich
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WEEK AHEAD: JULY 19
The European Central Bank and People’s Bank of China both set monetary policy while US earnings season has started. I will take a look at the Euro-dollar and dollar-Chinese yuan currency pairs for how they setup before the action this week. Thanks! Rich