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US equity market rallies have taken an NFP-induced pause at the end of the week but still remain in positive territory for the week.
(MENAFN - DailyFX) Equities charged higher across the globe this past peek as the ‘risk-on' tone in financial markets continued recovering after some choppiness in late January. On Wall Street , the Dow Jones, S & P 500 and Nasdaq Composite climbed 1.00%, 1.23% and 1.73% respectively. Meanwhile, the FTSE 100 and Nikkei 225 advanced 0.94% and 2.72% respectively. The rosy mood certainly made its way into foreign exchange markets, where the anti-risk US Dollar and similarly-behaving Japanese Yen were some of the worst-performing G10 currencies. Meanwhile, the growth-oriented Australian Doll...
Crude Oil Surges as Economic Recovery Aids Outlook, Copper Faces Technical Hurdle 2021-02-04 04:30:00 Thomas Westwater, Analyst Crude Oil, Economic Recovery, Copper, Technical Forecasts – Talking Points Crude Oil pushes into fresh yearly highs after OPEC+ holds production cuts EIA inventory figures point to bullish recovery as US economy recovers Copper prices in danger as Descending Triangle pattern sends bearish signal Oil prices are surging this week on declining inventory levels, OPEC+ developments, and an improving glo...