The United States Federal Reserve announced on Tuesday that it had extended the end date for the Main Street Lending Program by eight days, Reuters reported. The move comes to help process an increased number of last-minute applications. It is worth noting that the United States Secretary of Treasury, Steven …
Read More »Beyond Washington: Are Global Policymakers Now Driving Trading Portfolios?
The new trading week has opened with global markets locked in a state of unsettling indecision, char…
U.S. Stocks Surge as Earnings Optimism, Easing Bank Worries Fuel Risk Appetite
U.S. stocks closed sharply higher on Monday, October 20, 2025, driven by a broad-based rally fueled …
Gold’s Ascent: A $4,300+ Bet Against the Dollar and Global Stability?
Gold is on a meteoric rise, currently trading at a record high of $4,366.415 per ounce (XAU/USD), dr…
As Global Growth Stumbles, IMF: Time to Ditch the Policy Playbook That’s Failing Us
The latest World Economic Outlook paints a grim picture of a global economy in flux, with growth pro…
Will the Euro Crack Under Trade Hopes and Structural Woes?
Trade tensions between the US and China have long cast a shadow over global markets, but recent glim…
Explainer: Why Australia Considers Rare Earth Standoff As A Chance
China’s recent escalation in rare earth export controls has sent shockwaves through global mar…
Trump Tightens His Grip: Inside the President’s Plan to Reshape the Federal Reserve
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Gold Edges Higher as Softer U.S.–China Tone Offsets Profit-Taking; Silver Near Records
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U.S. Futures Edge Higher on Hopes for China Talks; Big Tech Earnings, Inflation Data in Focus
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Market Analysis
December, 2020
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29 December 2020 11:47 pm
Gold Ends Tuesday on Slim Gains
Gold prices rose on Tuesday, supported by the decline of the US Dollar (USD) and a soft performance by the stock markets after opening Monday at record highs on the back of optimism following the approval of a new stimulus package in the United States. Gold futures for February delivery …
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29 December 2020 10:58 pm
New York Authorizes JPY-Backed Stablecoin
New York has authorized a stablecoin backed by the Japanese Yen (JPY) to operate in the United States, the Coin Telegraph reported. The stablecoin is run by the Japanese firm GMO-Z.com. “We’re breaking ground with our move to issue the first regulated JPY-pegged stablecoin, which many see as a safe …
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29 December 2020 9:20 pm
European Stocks Finish Tuesday Higher
European stocks closed higher on Tuesday, supported by an improved risk sentiment following the approval of a new stimulus package in the United States. The STOXX Europe 600 index finished up by 0.76%. The UK’s FTSE100 gained 1.55%, while the French index CAC40 leveled up by 0.42%. In Germany, the …
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29 December 2020 8:11 pm
Will Bitcoin Peak in 2021?
Bitcoin has been recently showing a very strong performance, supported by increased demand. The world’s largest digital currency achieved its best monthly performance in over a year during December. Market experts are now expecting the cryptocurrency to peak early next year with the recent surge come to an end in …
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29 December 2020 7:38 pm
Germany’s Exports to Grow 13% in 2021
German exports are expected to grow by 13% in 2021, according to the BGA trade association, Reuters reported. However, the forecast needs to be dealt with in caution due to the uncertainty resulting from the Coronavirus pandemic. The President of the BGA, Anton Boerner, said that German exports could reach …
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29 December 2020 6:44 pm
UK and EU Express Relief Over Brexit Deal
The recently agreed-upon Brexit trade deal between the United Kingdom (UK) and the European Union (EU) is a good agreement for the fisheries industry, Reuters cited a senior member of the UK’s negotiating team as saying on Tuesday. “The deal we have got recognizes UK sovereignty over our fishing waters, …
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29 December 2020 5:47 pm
Oil Rises on Hopes for an Increase in Fuel Demand, With Support of US Stimulus
Oil prices rose on Tuesday (December 29th) as investors took the risk of supporting the United States’ move to increase aid payments linked to the pandemic, which could increase demand for fuel and spur economic growth. Brent crude rose 72 cents, equivalent to 1.4%, to $51.58 a barrel, while US …
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29 December 2020 4:31 pm
Turkish Lira is at Its Highest Level Since September 3
The Turkish lira rose by nearly 1% against the dollar to its highest level since September 3, continuing the gains that followed the country’s central bank hike of the main interest rate last week. The lira stood at 7.38 against the US Dollar in lackluster trading due to year-end holidays, …
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29 December 2020 3:52 pm
European Stocks Extend Gains, Exchange Supported by Brexit Agreement
European stocks extended their year-end gains on Tuesday, December 29, as global growth prospects were boosted by a post-Brexit trade deal and hopes of an increase in the US stimulus package and the race among the EU countries for COVID-19 vaccine. The Euro Stoxx 600 index rose by 0.8% at …
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29 December 2020 3:03 pm
EUR/USD holds gains above 1.2200
While the House of Representatives escalated the bill in favour of a higher relief fund but rejected Trump’s bid, all this has been in the interests of risks in Asia so far, which has pushed the US dollar index down to 90.10, down 0.21%. Markets are watching the US Senate …
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29 December 2020 2:42 pm
AUD/USD Climbs to Session Tops
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 …
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29 December 2020 1:22 pm
Coinbase to Halt XPR Trading after SEC Suit Against Ripple Labs Inc.
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 …
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