Market Update

The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …

The House of Representatives voted Monday to repeal President Donald Trump’s veto against an annual defence spending bill and put the final steps to challenge the Republican president in the hands of the Republican-led Senate. Senate Majority Leader Mitch McConnell said his House would vote to override the veto on …

Gold prices ended Monday lower, opening the week with a negative performance after rising earlier in the first session of the week following Christmas. The decline of gold prices comes as the US Dollar (USD) is showing some rebound sings, despite the passing of a new stimulus package. Gold futures …

European stock markets opened the week on a higher note, supported by optimism after the President of the United States, Donald Trump, signed the long-awaited stimulus package. The pan-European STOXX 600 index rose by 0.68% to settle at 398.69 points. Meanwhile, the UK’s FTSE100 added 0.10% with the market reacting …

After opening today’s American session on a lower note, the US Dollar (USD) is showing some rebound signs, especially against the Japanese Yen (JPY). The USD/JPY pair is trading higher for the day by 0.42% at 103.86. Earlier, the pair touched its highest level in about two weeks at 103.90, …

The United States House of Representatives will vote on Monday on raising the second government stimulus package to $2,000 per household, CNBC reported. Both the Democratic Party and President Donald Trump want to give people more money than the already approved $600 per household, while the Republican Party, which remains …

The main indices of the New York Stock Exchange (NYSE) hit new record highs on Monday, opening the week with a strong performance, after the President of the United States, Donald Trump, signed the $900 billion stimulus package that was passed by Congress. The Dow Jones Industrial Average is up …

The US Dollar (USD) is trading lower against major currencies on Monday, opening the week following Christmas on a negative note. The Dollar Index (DXY), which measures the greenback performance against a basket of six international currencies, is down by 0.22% at 90.12.

The Turkish lira rose 0.8% to less than 7.5 Lira to the dollar on Monday, its highest level since mid-September, in a continuation of last week’s gains when the central bank raised key interest rates slightly more than expected. The lira recorded 7.4950 in meagre transactions due to the year-end …

Oil prices trimmed losses today, Monday, after US President Donald Trump signed an aid package for those affected by the Coronavirus and public spending totaling $ 2.3 trillion, but market sentiment was affected by persistent concerns about demand in the near term. With the Asian markets closed, Brent crude futures …