Stock Market Outlook for Week of December 20, 2021

  We have another shortened trading week due to Christmas Eve landing on Friday. Historically, the last few weeks of the year feature low volume, low conviction trading because most…

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U.S. Senate confirms ex-Chicago Mayor Emanuel to be ambassador to Japan

Original source: https://www.investing.com/news/stock-market-news/us-senate-confirms-exchicago-mayor-emanuel-to-be-ambassador-to-japan-2716470

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U.S. Senate panel to hold Nov 17 hearing on Biden FCC pick

Original source: https://www.investing.com/news/stock-market-news/us-senate-panel-to-hold-nov-17-hearing-on-biden-fcc-pick-2675974

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Federal Reserve Chair Powell is speaking again this week – Testimony Tuesday

Powell and US Treasury Secretary Yellen are scheduled to appear before the US Senate’s Banking Committee Maybe label it Taper Testimony Tuesday? 

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Newswires report US Senate steps towards passing the infrastructure bill

Via Reuters comes the headline that the senate has taken another step towards passing the trillion $$$ bill. 

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AUD/USD Aims to Retake Key Level as Markets Digest US Covid Stimulus News

Asia-Pacific financial markets will digest news that the US Senate passed a US$1.9 trillion Covid package. Australian consumer confidence and Chinese inflation data are on tap.

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Gold Price Analysis: XAU/USD bulls look to US Senate for breaking monotony below $1,900

Gold keeps a less than $5 trading range, established during Tuesday’s late-US session, while taking rounds to $1878 amid the Asian trading session on

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NOW WHAT?

Global stock markets are rallying and sovereign bond yields, led by US Treasury yields, are tumbling as investors warm to the idea of a split government that could finally bring…

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