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The euro is gaining ground
FOREX The euro is gaining ground to the dollar during early Wednesday trading, following Janet Yellen’s comments to the Senate finance committee in Washington as well as Italian Prime Minister Comte surviving a vote of confidence. Yellen, the Biden nominee for treasury secretary, reaffirmed her belief in the importance of the stimulus package proposed by[…]
Oil has pulled back to $53 a barrel
OIL Oil has pulled back to $53 a barrel after attempts yesterday to force resistance placed at $53.9-$54, failed to generate the break-up of this level. Despite the correction of the last few hours, the main scenario remains supportive for oil, which is still placed in a long-term positive movement, after the sharp decline of[…]
Markets are set in a bullish limbo
FOREX After several days gaining ground to other major currencies, the dollar is trading flat during the early part of Thursday’s session. The greenback’s recent strength resulted from expectations that a larger than previously thought stimulus package, that Joe Biden will seek to deploy once he is sworn in, could force the Fed to anticipate[…]