fxstreet.com 29 Jan, 2021 07:30 am

Markets roiled by retail-trader frenzy, vaccine concerns, eyes on US data

Markets roiled by retail-trader frenzy, vaccine concerns, eyes on US data
What you need to know on Friday, January 29: The market mood has turned soured on Friday, with investors seeking refuge in the safe-haven US dollar am

What you need to know on Friday, January 29: What you need to know on Friday, January 29: The market mood has turned sour on Friday, with investors seeking refuge in the safe-haven US dollar amid escalating US-China tensions, fresh concerns on a cash squeeze in China and discouraging Novavax covid vaccine news.GameStop plunged on the trading restrictions, which drove the speculative flows into Silver futures while pushing the US dollar lower.Risk aversion returned to markets, as Robinhood Markets Inc appears to have lift trading restrictions on some of the blocked stocks.US drugmaker Novavax Inc said that although its covid vaccine is 89.

Crude oil prices trade modestly flat, defending the $52 level.Gold clings to a familiar range of around $1850, as Silver corrects towards $26.

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