On Thursday, oil prices fell and world stocks slipped for the third day in a row, tracking overnight weakness in Wall Street and Asia, as market sentiment was weighed down by widening…
Category: Forex Trade
World Stocks Catch their Breath after Vaccine Euphoria
On Wednesday, global shares changed little and oil prices rose, as a surge of new coronavirus cases and weak retail sales in the U.S. dampened, but it did not fully extinguish the…
Euro Reaches One-Week High as Vaccine Boosts Investor Spirits
On Monday, the British pound and euro gained while the dollar dropped, as investors started the week in an upbeat mood after Asia showed some strong data and hopes for an effective…
Vaccine Hopes Buoys Euro and Offshore Yuan Rises
On Tuesday, the euro climbed against the dollar, as it was boosted by optimism due to another coronavirus vaccine. Meanwhile, China’s offshore yuan reached its highest level against the U.S. dollar, which…
Dollar Declines as Vaccine Euphoria Fades and Yen Moves towards Worst Week
On Friday, the U.S. dollar slipped and the risk appetite in currency markets eased up, as worries about the economic impact of the increasing coronavirus cases in the United States and Europe…
Stocks Bulls Put a Stop to their Charge
On Thursday, global shares were on course to put an end to their longest winning streak in more than a year, one that has given them a boost of more than 10%,…
Dollar Steadies as Optimism over Vaccine Wanes
The U.S. dollar steadied as optimism about a potential COVID-19 vaccine was offset by a surge of new cases in the United States and worries over how the drug would be delivered….
Vaccine News Prompts Rally in Asian Shares But Signs of Weakness Emerge
On Tuesday, Asian share markets saw an increase as the successful trial data for the COVID-19 vaccine earned global investors’ applause. However, some of the early gains were wiped out due to…
Biden Gives World Stocks a Lift and Dollar Fades
On Monday, world stocks reached a record high while the dollar stayed weak, as risk appetite surged amidst expectations of more monetary stimulus and better global trade ties under U.S. President-elect Joe…
European Stocks Lose Steam after Five-Day Rally
On Friday, European stocks drifted lower after a strong rally this week as a record number of coronavirus cases were posted by France and Italy, while investors assessed the expected implications of…