Month: November 2020

Not going very far but staying above the moving average level The EURUSD traded between the 50% retracement near 1.17606 and its 100 hour MA (blue line) in trading yesterday.   Today after sleepwalking through the Asian session, the pair was able to extend above its 100 hour moving average and has stayed above that level (on a closing basis) since breaking. The
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Here is what you need to know on Monday, November 16:  The US continues to report record coronavirus infections. On  Friday, the country informed over 184K new cases in the past 24 hours, while US President Donald Trump announced the imminent distribution of COVID-19 vaccines. The announcement was taken with a pinch of salt and
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Trump says he will speak in 15 minutes  Trump says he will speak in the Rose Garden in about 15 minutes. These are his first public comments in a week and they will be on Operation Warp Speed. There’s pressure on Trump to allow Biden’s team into briefings in order to preserve continuity. For bank
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Gold rose on Friday as increasing coronavirus infections globally re-ignited concerns about the economic toll from the pandemic, while scepticism over the reach of a potential COVID-19 vaccine further boosted the safe-haven metal. Spot gold rose 0.5% to $1,884.76 per ounce by 1:57 p.m. EST (1857 GMT). But bullion was still bound for its worst
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The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks plunged -16.8 mmb to 1402.34 mmb in the week ended November 6. Crude oil inventory gained +4.28 mmb (consensus: -0.91 mmb) to 488.71 mmb. Stockpile increased in 2 out of 5 PADDs. However, PADD3 (Gulf
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Comments from the President: Administration will not put on a lockdown under any circumstances Economy is rebounding beyond any expectations Slaqui says he expects to have enough vaccine to immunize 20m Americans in Dec and 20m thereafter Slaqui: Two vaccines and two therapeutics may be granted emergency use authorization by year end This is a
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