A new draft law in India could soon force a ban on cryptocurrencies, Reuters reported, citing government sources. The law would criminalize the possession, issuance, mining, trading of crypto assets, imposing fines on any violations, after a six-month grace period allowing investors to liquidate their digital assets. The Indian government …

The New York Stock Exchange (NYSE) finished higher on Monday, with two major indices closing at another new all-time high. So far, it seems that Wall Street Investors are reacting positively to the passing of the $1.9 trillion relief bill, which aims at easing the impacts of the Coronavirus pandemic. …

The British Pound (GBP) recovered from its earlier losses on Monday, as the U.S. Dollar (USD) showed a mostly positive performance across the board. In addition, the recent development of the European Union (EU) taking legal action against the United Kingdom (UK) has increased market uncertainty about the future of …

Oil prices continued to decline on Monday, for the second consecutive session, despite positive expectations for global demand recovery, as the U.S. Dollar (USD) continued to show rebound signs, despite the passing of the $1.9 trillion stimulus package. The global benchmark Brent crude futures for May delivery finished lower by …

Gold futures resumed gains on Monday, after declining on Friday, opening the week with a positive performance and settling at their highest level since the beginning of the month. A decline in Treasury bond yields in the United States and anticipation for the upcoming central bank meeting in the U.S., …

European stocks closed mostly lower on Monday, with markets turning their focus towards the upcoming central bank meetings in the United Kingdom, the United States, and Japan. The financial and mining sectors led the losses, while positive expectations towards recovering from the Coronavirus pandemic amid the rollout of vaccines helped …

The Biden administration will be closely monitoring the small risk of a rise in inflation following the $1.9 trillion relief plan, said the Chairwoman of the White House Council of Economic Advisers, Cecilia Rouse, on Monday “Any economic investment is going to have some risks,” Rouse told MSNBC. “Yes, there …

The U.S. Dollar (USD) continued to rise on Monday, for the third consecutive session, opening the week with a positive performance supported by the rise in Treasury bond yields. Today, the benchmark 10-year Treasury bond yield went as high at 1.639% nearing its best level in about 13 months. The …

Oil prices declined on Friday, amid increasing selling pressures for profit making, amid the rise of the U.S. Dollar (USD) and Treasury bond yields. Brent crude futures declined by   44 cents, or 0.63%, to $69.19 per barrel, falling by 0.25% for the week. Meanwhile, the West Texas Intermediate (WTI) …

Gold prices declined on Friday, after rising for three consecutive sessions, as the U.S. Dollar (USD) Treasury bond yields rose again. The yellow metal futures for April delivery finished lower by $2.80, or 0.2%, at $1,719.80 per ounce. For the week, gold’s most active contracts rose by nearly 1.3%. The …