Comments by UK health secretary, Matt Hancock We’ll see about that. As the vaccines are being rolled out, it is easy for lawmakers to talk things up right now but delivering on those expectations will be another matter. In fact, the UK government has done a rather poor job on that front throughout the whole
Month: December 2020
Gold futures fell by 0.13 per cent to Rs 49,976 per 10 gram on Wednesday as participants offloaded their holdings on low spot demand. On the Multi Commodity Exchange, gold prices for February delivery declined Rs 63, or 0.13 per cent, to Rs 49,976 per 10 gram in a business turnover of 10,074 lots. In
Dollar’s selloff picked up again as year end approaches. While US stocks took a breath overnight, Asia markets ex-Japan is enjoying some solid buying for now. While Euro is strong against Dollar, it’s mixed against other European majors. Meanwhile, Canadian Dollar is clearly lagging behind Aussie and Kiwi in the current risk-on buying. Gold and
USD/CHF staged a modest bounce after hitting fresh multi-year lows on Wednesday. The risk-on environment undermined the safe-haven CHF and extended some support. The offered tone surrounding the USD capped the upside amid year-end thin liquidity. The USD/CHF pair has managed to rebound around 35 pips from daily swing lows and was last seen hovering
The range is 2215 pips, but only up 224 pips from the close of year 2019 The GBPUSD had a volatile down and up trading year that saw the price open the year at 1.3257. The high on the first day of the year reached 1.32656 and that was the high until August 19 when
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During a bull market, negative news is quickly digested and the collateral damage is often limited. Therefore, even as XRP price dumped aggressively due to the uncertainty regarding the outcome of the U.S. Securities and Exchange Commission lawsuit, other altcoins have largely been unaffected. Crypto market data daily view. Source: Coin360 Moreover, as Bitcoin’s (BTC) strong rally
Decks have been cleared for trading of synthetic diamonds at the Bharat Diamond Bourse (BDB), the country’s largest diamond trading hub. BDB members at the bourse’s annual general meeting held Monday voted to lift the ban imposed four years ago at an AGM. The ban was imposed “to protect “ the natural diamond trade ,
Euro’s rally is a focus in rather quiet markets today. Clearance of no-deal Brexit risk was a positive for the common currency. There’s additional boost from rumors that a EU-China investment deal is likely this week. However, we’d like to point out that European Commission formally (in a statement) criticized China’s “torture” and “ill-treatment” of
XAG/USD is forming a bullish flag as it remains supported above the $26.00 level. The precious metal also continues to consolidate within a longer-term pennant. Spot silver (XAG/USD) prices were choppy on Tuesday, closing the session with modest losses of around 0.1% or just over 3 cents after prices swing between the $26.00 level, which
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Gold gains remain limited going into the year-end Amid thinner market conditions, gold doesn’t much to work with as the year winds down as buyers are finding it tough to build further momentum after a solid December. For now, the $1,900 handle and the 100-day moving average (red line) is helping to put a lid
Will Republicans keep hold of the Senate or can Democrats seize control? The two runoff elections will take place on 5 January next year i.e. next Tuesday, with plenty on the line in determining how US politics will shape up under Biden’s administration over the coming year(s). As things stand, Republicans hold 50 seats and
By Stephanie Kelly and Devika Krishna Kumar NEW YORK: This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, US crude plunged deep into negative territory and Brent dropped below $20
Dollar turns softer again in Asian session today as markets are back in full risk on mode. Following the record runs in US, Nikkei is also hitting new 30-year high. Yen is following as second weakest for now. However, risk appetite is not clearly seen elsewhere. Australian and Canadian Dollars are just mixed. Sterling struggled
GBP/USD Analysis: Profit-taking kicks in as Brexit deal optimism fades The GBP/USD pair witnessed a dramatic intraday turnaround on the first day of a new trading week and tumbled around 150 pips from daily swing highs, near the 1.3575 region. The euphoria over a post-Brexit trade deal faded rather quickly as investors flagged concerns about
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