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Day: November 9, 2020

VIPS stock
Market Activity

Oil Fell But Gold & Silver Rose

According to trading data, global oil prices fell by more than 3% on Friday due to increasing concerns about demand for raw materials in the light of the ongoing coronavirus pandemic. The cost of January futures for Brent North Sea oil mix fell by 3.37 percent, to $39.55 per barrel, and December futures for WTI crude oil fell by 3.92 percent, to $37.27 per barrel. At the same time, Brent crude oil grew by more than 5%, and WTI by 4% this week. The rise in human infections with the latest coronavirus and the possibility of repeated economic shutdowns in

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Stock Investing

EUR/USD Rate Slid As Uncertainty Remained Around Outcome of U.S. Elections

On Friday, November 6, the Euro weakened against the US dollar by 0.1%, closed the trading at the level of 1.1873. December futures on the dollar index DXY dropped by 0.37% and were at the level of 92.23. At the end of Thursday, the EUR/USD exchange rate rose by 0.87% to 1.18229, and the DXY indicator fell by 0.96% to 92.516. Global markets have seen increased demand for risky assets, including the USD, for four consecutive days. At the same time, the rates of protective currencies such as the Swiss Franc and the Japanese Yen show significant strengthening, which is
Trading Signals

Investors relieved after Biden won the presidential race

After the few days of uncertainty regarding election results, finally, Investors and financial executives were relieved when the Biden victory was declared by the major media networks. Although the current president trump hasn’t conceded the elections and said that he would fight the results in court. Chief investment officer at Sunrise Capital Partners, Christopher Stanton said that the Biden is good news for the markets. We’re all so tired of the whipsaw that came with the Trump tweets. The biggest weekly gains were seen at the major U.S stock indexes as investors were betting on Biden win and a senate

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