Page 5 - Us Stimulus News Today

US markets are to open higher today, hovering close to recent all-time highs, ahead of president-elect Joe Biden outlining his new economic stimulus plan this evening.

Oil and gold head lower January 14, 2021SharePrint Profit-taking hits oil prices Oil prices beat a modest retreat overnight with official US Crude Inventory data broadly neutral. Headline crude inventories fell more than expected, but distillate and gasoline inventories rose more than expected. That was enough to spark speculative longs to lock in some profits with Brent crude and WTI’s relative strength indices (RSIs) having been in overbought territory for most of this week. Brent crude eas...

The return of the Queen January 14, 2021SharePrint The Trump impeachment vote was overshadowed by momentous scenes at 0530 this morning in South Jakarta, as Queen Cricket returned to her palace. The unannounced royal trip, lasting two nights, led to frantic searches of the wider realm by her servants. Her feline highness announced her arrival loudly at the front door of the palace in the early hours. In other news, financial markets diverged once again overnight. US equities traced out a modest...

Powell React: Fed dovish stance affirmed January 14, 2021SharePrint Powell sends a dovish message to markets US stocks held onto miniscule gains following Fed Chair Powell’s dovish hold as investors await details of President-elect Biden’s stimulus package.  Depending on how this plan is pieced will determine if this stimulus will get a fast track or have to go through the reconciliation process.  The boosting of stimulus checks to USD2,000, expanding unemployment benefits and throwing ev...

Oil rally peters out, gold pares losses, bitcoin surges January 14, 2021SharePrint Oil runs out of steam Crude’s steady ride higher appears to be running out of gas.  Much of the rebound in oil prices has been vaccine optimism, bearish dollar bets that is boosting commodities across the board, and as the Saudis lead the charge to drain global oil stockpiles.  Risky assets, including crude prices, are also benefiting from expectations the Biden administration’s looming stimulus package ann...

Chinese mainland markets were down again. Hong Kong’s Hang Seng and SGX Nifty were also lower.

Oil and gold start week in red January 11, 2021SharePrint Oil’s rally fades in Asia Oil had a positive session on Friday, both Brent and WTI recording over 3.0% gains boosted by Biden stimulus hopes. Risk aversion seen in other asset classes has set in on energy markets today in Asia though. Brent crude has fallen 1.70% to USD55.30 a barrel, and WTI has declined 1.55% to USD51.80 a barrel. Although the White House’s easing of diplomatic ties with Taiwan has spooked markets in Asia, oil’s ...

Spot gold jumped more than 25% in 2020, will the trend continue this year? Though gold has delivered stellar returns in the last two years, this kind of performance cannot be expected in 2021, says Hareesh V of Geojit Financial Services. . Hareesh V January 11, 2021 / 09:13 AM IST Gold outperformed in 2020 by gaining about 26 percent in the international market and nearly 28 percent in rupee terms. It was also the second year in a row that London...

European stocks set for their best start to a year since 2009 Consumer discrectionary and utilities were among other sectors gaining, while financials and energy slipped (AFP)Premium . Updated: 10 Jan 2021, 08:10 PM IST Bloomberg Stoxx 600 soared to its highest in almost 20 years as chipmakers were boosted by earnings reports from US and Asia bellwethers Optimism has prevailed since the first Covid-19 vaccine was announced in early November, according to analysts at HSBC Share Via Read Full ...

Read more about Trading strategies for Natural Gas and Aluminum by Tradebulls Securities on Business Standard. After taking support at 200 DMA, natural gas made bullish candle indicating bulls trying to stage comeback