Market Update

The AUD/USD pair surged during the Asian session and remained near the upper end of the daily range just below 0.7600. After pulling back from week highs, the pair managed to regain positivity with support from the US dollar selling as additional stimulus progressed from the US. the House of …

The Securities and Exchange Commission (SEC) has accused Ripple Labs Inc. of unlawful issuance of securities in the form of sales for XRP (XRPUSD), by selling more than $1 billion of the virtual tokens without registering with the agency. Later, Coinbase announced that it will halt all XRP trading starting …

The dollar was not affected much after US President Donald Trump did not implement his threat to block an aid package for those affected by Covid-19 amid weak trading Monday due to holidays. The pound sterling hovered below its highest level in two and a half years in Asian trading, …

Gold prices rose on Tuesday, December 29th, buoyed by the dollar’s decline, as investors’ eyes turned to the US Senate vote on an increase in aid linked to the pandemic, but rising Asian stocks limited the gains. This rose gold in immediate transactions 0.4% to 1877.66 dollars an ounce. The …

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 …