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On Tuesday December 29th Senate Majority Leader Mitch McConnell temporarily blocked an attempt by Senate Minority Leader Chuck Schumer trying to increase direct payments in the coronavirus relief package to $2,000 from $600. McConnell also opposed Sanders’ proposal to advance
Read moreMany analysts calling for long-term dollar decline * Low liquidity at year’s end may exaggerate moves * Expectations are strong for more U.S. stimulus By Stanley White TOKYO, Dec 30 (Reuters) – The dollar slumped to multi-year lows against many
Read more12.28 (Monday) On Christmas last Friday, markets in Europe, America and Asia Pacific were closed, and the market was relatively light. Last Thursday, the US Congress passed a large-scale epidemic relief and government funding merger bill, but Trump refused to
Read moreLast week, except for the severe fluctuations in the market on Monday, the gold market was in a sideways shock. The highest point of the shock range was 1906.79 and the lowest point was 1855.47. This week, we need to
Read moreThe Australian dollar has gapped lower to kick off the trading week, slicing below the 0.75 handle. At this point, the market is simply reacting to a lack of liquidity, and perhaps even a slightly overbought condition in the Aussie. That being
Read moreBy Aine at Spark Global 12.22 (Tuesday) Foreign Exchange Analysis The U.S. index rose sharply on Monday, and the US House of Representatives passed a 900 billion U.S. dollar rescue plan and a 1.4 trillion U.S. dollar government appropriation bill.
Read moreMarket review: Spot gold staged a long-short double-strike situation on Monday. After breaking the 1900 mark, gold once plunged by $50 and then rebounded to near $1876. Eventually closed down 0.23%, at 1,876.44 US dollars per ounce. In the oil
Read moreThe dollar climbed against major peers on Monday with investors seeking its relative safety as many countries tightened COVID-19 lock downs. Sterling GBP=D3 was the biggest loser in early Asian trading after Britain imposed tough new restrictions to stem a
Read moreMarket review: The gold price hit a high of US$1896.25 per ounce on Thursday, one step away from the 1900 mark. The long shadow shows a slight lack of momentum, as it failed to rise, but it does not rule
Read moreOn Thursday, the U.S. Index reached a new low again. Investors’ optimism about the economic stimulus reached by the United States continued to rise, boosting risk appetite and pushing the stock market to climb putting pressure on the U.S. index.
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