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Overview: The S&P 500 gapped higher yesterday, above the recent ceiling and above the 200-day moving average for the first time since early March. The momentum faltered, and it finished below the opening level and near session lows. The spill-over into today's activity has been minor. Th...
The euro is up 0.4% to $1.1027, while the Euro Stoxx 50 is ahead by 2.2% , as the EU unveiled plans to borrow €750B to recover from the coronavirus pandemic. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iPath EUR/USD Exchange Rate ETN, Stock...
The euro (or EUR) is the second most traded currency in the world, after the U.S. dollar (or USD). USD's share of trading turnover is between two or three times greater than EUR's share, however, this is not surprising since USD is still considered the world's reserve currency. While both ...
Overview: The heightened tensions between the US and China sapped risk-appetites before the weekend, but appear to be missing in action today. Equity markets have rebounded strongly. Nearly all the equity markets in the Asia Pacific region rose (India was a laggard) led by an almost 3% rally...
The dollar, the Treasury market, and the S&P 500 were threatening to break out of the trading ranges. But the escalation of tensions between the US and the PRC gave reason for investors to pause ahead of the long holiday weekend in the US and UK, especially in the context of the National...
Overview: Another late sell-off of US equities, ostensibly on questions over Moderna's (MRNA) progress on a vaccine, failed to deter equity gains in the Asia Pacific region. China was a notable exception, but the MSCI Asia Pacific Index rose for the fourth consecutive session. European share...
Overview Hopes for a vaccine and a German-French proposal to break the logjam at the EU for a joint recovery effort helped propel equities higher yesterday. There was strong follow-through in the Asia-Pacific region, where most markets advanced by more than 1% today. However, the bloom came ...
In a sign of unity, France and Germany agreed to support a €500B aid package to help EU regions and sectors hit hardest by the coronavirus pandemic. More news on: Invesco CurrencyShares Euro Trust ETF, ProShares UltraShort Euro ETF, iPath EUR/USD Exchange Rate ETN, News on ETFs, Glo...
Overview: Despite somber warnings that the US economic recovery can stretch to the end of next year, investors have begun the new week by taking on new risks. Most equity markets in the Asia Pacific region rose, with Australia leading the large bourses with a 1% gain. India was an outlier, s...
The EUR/USD currency pair, which expresses the value of the euro in terms of the U.S. dollar, has become less volatile after the sharp moves witnessed earlier in the year, especially during March 2020 when global equities crashed. A combination of high demand for both euros and U.S. dollars ...