Ozlem Tureci, the chief physician at BioNTech, said that about 140,000 people in Britain had received the vaccine, which the company manufactured in cooperation with the American Pfizer, to prevent Covid-19 disease, adding that the evaluation of side effects and tolerance is reassuring. Britain was the first country to agree …
Read More »BoE Leaves Policy Rate And QE Unchanged in December as Expected
The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to leave the benchmark interest rate unchanged at 0.10% at its December policy meeting and kept the Asset Purchase Facility steady at £895 billion.
Read More »Dollar Falls as Demand for safe-haven Weakened And Pound, Franc Drops After Touching Highest Level
The dollar hit its lowest level in two and a half years against major rival currencies on Thursday (December 17th), as risk appetite was boosted by progress towards agreement on a stimulus package in the United States and an accord linked to Britain’s exit from the European Union. On Wednesday, …
Read More »Investor Interest Raises in Bitcoin Above $23,000
Bitcoin rose to a record high one day after it crossed the $20,000 mark for the first time, amid growing interest in it from major investors. The world’s most prominent cryptocurrency jumped 10.5% to 23,655 dollars, to exceed its gains this year 220%, supported by a request from large investors …
Read More »European Stocks Rise For a Fourth Session on Optimism
European shares remained at their highest level in ten months Thursday, December 17th, as hopes for more stimulus in the United States and possible distribution of COVID-19 vaccines in Europe boosted expectations for a global economic recovery. The German DAX index rose 1.1% to reach its highest level since February, …
Read More »Gold Rising as US Dollar Was Negatively Affected by The Progress of The US Stimulus
Gold prices reached a week high on Thursday, December 14th, as progress in reaching an agreement on fiscal stimulus in the United States pressed the dollar, while the yellow metal received more support thanks to the US Federal Reserve’s pledge to keep interest rates low until the economy recovers. In …
Read More »SNB Leaves Key Rate Unchanged at -0.75%
The Swiss National Bank (SNB) board members announced a no change to their monetary policy settings after it concluded the December quarter monetary policy assessment on Thursday. The SNB kept the key sight deposit rate steady at -0.75% while maintaining the 3-Month Libor Target Range steady between -1.25% to -0.25%, …
Read More »Japan Stocks Closing Higher on Hopes of US Stimulus
Japanese stocks closed higher for a second session Thursday (December 17th) as sentiment received a boost from expectations of further economic stimulus in the US and pledges of support from the US Federal Reserve. The benchmark Nikkei index rose 0.18% to 26,806.67 points, offsetting losses incurred in morning trade. The …
Read More »Germany’s DAX Continues to Achieve Bullish Goals
The German DAX index succeeded in touching the official station to be achieved, which is located at 13,580, recording its highest level of 13,587. On the technical side, the index is successful in building a base on the 13,500/13,490 support floor, temporarily supporting the upside, in addition to the positive …
Read More »Dow Jones Settled Above Support
Positive moves dominate the Dow Jones Industrial Average on Wall Street, recording a high of 30,225. On the technical side, we tend to be positive in our trading, but cautiously depending on the index’s price base above the 30,000/29,990 support level, accompanied by the persistence of stochastic centring around overbought …
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