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FOLLOWME Community OPINION LEADER PROGRAM - Week 1 Winners
CONGRATULATIONS TO THE WINNERS! FOLLOWME values quality content and insights from everyone in the trading industry. Whether you are an analyst, trader, broker, media journalist, this program is designed to reward those who have a pair of sharp eyes on the market with great analysis, for
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Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment
TOKYO (Reuters) - The dollar found support as concerns about surging COVID-19 cases and uncertainty about U.S. runoff elections in Georgia fueled demand for safer assets. The greenback held gains from overnight in early Asian trading on Tuesday after U.S. stocks retreated from record highs at the st
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Taiwan Manufacturing PMI Surges In December - Markit
The manufacturing sector in Taiwan continued to expand in December, and at a faster rate, the latest survey from market Economics revealed on Monday with a decade-high manufacturing PMI score of 59.4. That's up from 56.9 in November, and it moves further above the boom-or-bust line of 50 that separa
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Asia Gold-Demand slows in top hubs as holiday mood dulls activity
* India switches to premium of $2.5/oz vs last week’s $2 discount * China discounts unchanged at $15-$20/oz * Dealers concerned about new coronavirus variant * Spot gold prices set for 1% gain this week BENGALURU/MUMBAI, Dec 31 (Reuters) - Physical gold demand remained largely muted across top Asian
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GBP/USD Forecast: Parliament votes post-Brexit deal, AstraZeneca vaccine approved
GBP/USD Current price: 1.3698 The dollar’s broad sell-off continues, providing support to GBP/USD. The UK has approved the emergency use of the AstraZeneca covid vaccine as cases soar. GBP/USD is neutral-to-bullish in the near-term, could extend its advance to 1.3700 area. The GBP/USD pair is slowly
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Fed extends Main Street Lending Program to Jan. 8
(Reuters) - The Federal Reserve on Tuesday said it had extended the termination date for its Main Street Lending Program to Jan. 8, 2021, from Dec. 31, 2020, to allow more time to process and fund loans submitted to the program’s lender portal on or before Dec. 14. The extension was approved by U.S.
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Dollar Little Changed After S&P/Case-Shiller Home Price Index
The U.S. S&P/Case-Shiller home price index for October has been released at 9:00 am ET Tuesday. Following the data, the greenback changed little against its major counterparts. The greenback was trading at 103.67 against the yen, 1.2255 against the euro, 1.3503 against the pound and 0.8856 again
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UPDATE 1-UK two-year bond yields hit record low as COVID dents growth outlook
(Adds detail) LONDON, Dec 29 (Reuters) - British two-year government bond yields fell to an all-time low of -0.170% on Tuesday, down more than 6 basis points since pre-holiday trading ended on Christmas Eve as the risk of more widespread coronavirus restrictions mount. Ten-year gilt yields dropped a
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Ex-dividend trade weighs on S.Korea shares
* KOSPI flat, foreigners net sellers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, Dec 29 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares were little changed on Tuesday as a slew of blue chips trading ex-dividend countered
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Where Did You Gold? Gold Price Soared to $1,880
Illustration photo of Gold Price H4 chart from Tradingview In the early Asian market, the gold prices just broke through the $1,880 mark. News about the U.S. fiscal stimulus has encouraged gold price bulls. As pointed out by Anil Panchal, an analyst at FXStreet on Tuesday, the gold price continues i
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Forex Today: US stimulus bill signed, equities run
Here is what you need to know on Tuesday, December 29: US President Donald Trump signed the coronavirus-relief/government funding bill on Sunday. Optimism took over financial boards, and the dollar fell against its major rivals, as Wall Street reached fresh record highs. Major pairs were confined to
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U.S. Stocks May Open Higher As Trump Signs Relief Bill
Following the long holiday weekend, stocks are likely to move to the upside in early trading on Monday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 158 points. Early buying interest may be generated in reaction to news that President Do
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Brent to bottom at $45 in Q1 before surging to $55 by end-2021 – OCBC
Economists at OCBC Bank see Brent dipping to a low of $45/bbl in Q1 and early Q2, but may rally to $55/bbl by the end of 2021. Key quotes “The demand recovery path is not expected to be linear, with the on-off risks of travel restrictions and vaccine manufacturing infrastructure likely to dominate t
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European shares jump on U.S. stimulus aid support, Brexit deal relief
(Reuters) - European shares gained on Monday after Britain and the European Union signed a long awaited trade deal, while a bumper U.S. stimulus package boosted investor sentiment for riskier global assets. U.S. President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spendi
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