By Joe DePaoloFeb 1st, 2021, 12:53 pm
Often, it seems that what happens on Wall Street stays on Wall Street at least far as CNN, Fox News, and MSNBC are concerned. But the news from the market was so big last week that it received blanket coverage not just on the outlets you would expect like Fox Business and CNBC but also on the big three cable news networks and in many other surprising places. And one prominent financial reporter believes that many who weighed in on the chaos surrounding GameStop and several other stocks were completely out of their depth.
“It’s some of the stupidest stuff I’ve ever heard in my life.” Fox Business senior correspondent
Quand des geeks américains donnent une leçon à Wall Street
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1/18/2021 3:05:18 PM GMT | By Joel Frank
Spot silver prices have for the most part been capped below the $25.00 mark in recent trade.
Given US market closures amid MLK Day holidays, volumes are thin.
Slight USD strength has done little to dent sentiment towards precious metals.
Spot silver prices (XAG/USD) have for the most part been capped below the $25.00 mark in recent trade, with price action mostly sticking close to the metals 50-day moving average at $24.90. Volatility has subsided significantly following what was a very choppy start to Monday Asia Pacific trade; shortly after the reopen of trade, spot silver prices dropped sharply to lows just above $24.00, before abruptly reversing back towards the $25.00 mark, around which prices have consolidated. At present, the precious metal trades with modest gains of about 0.8% or about 20 cents.
1/18/2021 9:51:29 PM GMT | By Joel Frank
AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as 0.7660.
The pair broke below an uptrend linking the 28 December 2020 high with the 4, 11 and 15 January lows.
It was a somewhat risk-off start to the week for FX markets, with risk-sensitive AUD underperforming.
AUD/USD saw downside during Monday’s Asia Pacific and early European session, dropping momentarily as low as the 0.7660 mark before paring back to current levels in the 0.7680s, where it has spent the last few hours consolidating amid thin trade (US players have been away for MLK holidays). Ahead of the Monday FX close, the pair trades about 0.3% or just over 20 pips lower.
A Manhattan health care center that sat on hundreds of doses of the coronavirus vaccine for two weeks has finally gotten approval to distribute the unused doses in a manner compliant with Cuomo’s strict rules.
Callen-Lorde Health Center received 600 doses of Moderna’s COVID-19 vaccine two weeks ago, as first reported by The New York Times, which was more than the clinic needed. As a result, about half of those doses sat in storage – because the clinic was unsure how they could be used in a way that did not violate state guidance.
A spokesperson for Callen-Lorde told Fox News on Friday that it received approval to begin distributing the doses in a manner compliant with regulations.
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