We thought obvious signs of economic slowdown in China could somewhat challenge markets’ optimism yesterday but that did not happen. Progress in the vaccination campaign in the US as well as peaceful negotiations about the stimulus package between Republicans and Democrats were enough to push risky assets higher. The noticeable exception was the USD that kept on strengthening, while it usually weakens in such a context of stronger risk appetite. It seems better prospects of US recovery are prevailing at the moment. Silver prices surged to a 8-year high, before retreating, a new episode in the ongoing battle between individual traders and hedge funds.
Get more analysis and data with our Premium subscription
Ask for a free trial here
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
We will get back in touch with you soon.
Don’t forget to follow us on twitter!