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.
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
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Tesla +1000% in 13 months
The dollar lifted from two-and-half year lows and the Dow Jones closed at a fresh record high after the November jobs report missed expectations. Tesla stock struck $600 afterhours for the first time, rising 1000% in 13 months.
07 December 2020
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WEEK AHEAD: JANUARY 25
On my radar this week is the surging Hong Kong stock market. The benchmark Hang Seng index is at a 20-month high. I’ll talk about the price chart, what’s driving the gains and whether it can continue. Thanks! Rich
Weekly Webinar: January 19
Gold’s 200 day moving average
WEEK AHEAD: JANUARY 18
The story has been the US dollar rebounding in the major forex pairs, one of which is dollar yen. With the Bank of Japan setting interest rates this week, my trading strategy is to watch if this dollar up-move continues against the yen. Thanks! Rich