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Month: December 2020
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MUMBAI: Gold, always considered a safe haven for investment in uncertain times, is likely to glitter more and even soar to Rs 63,000 per 10 grams next year amid expectations of fresh stimulus measures and weaker American dollar. In 2020, the economic and social uncertainties triggered by the coronavirus pandemic turned the spotlight on gold
Forex news for Asia trading for Thursday 24 December 2020 The headline to the post pretty much sums up the session here, there was a drip-feed of Brexit trade deal headlines, none of which had much substance but put together they provided a bit of hope that a deal is close. Its best to bear
In a verbose and, at times, vituperative blog post published today, IOTA founder David Sønstebø seeks to “quench all concern” about his state of mind, assure the community that the “IF [IOTA Foundation] is not broke,” and hint at future plans for the ecosystem being hatched in collaboration with “investors, separate DLT-project leaders, community devs
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A Brexit “deal” announcement is imminent After all the theatrics, we are nearly finally there. A potential announcement was slated in the wee hours of the morning but the European Commission came out to tell everyone to get some shut eye as things will continue later this morning instead: #brexit work will continue throughout the
Gold is trading up by over 5% since the start of the month Despite a bit of a pullback from $1,900 from earlier in the week, gold has had a stellar month so far and if the seasonal pattern is anything to go by, January promises to be yet another solid month for gold buyers.
Not much else happening at this point as the UK and EU are still finalising a Brexit trade agreement No change to the narrative besides some last-minute hitch to fisheries, but that will surely be resolved one way or another as the political will is certainly there. Both sides will want to get this out
The price of Bitcoin surpassed its all-time high on Christmas, reaching $24,681 on Binance. Following BTC’s strong rally, traders and analysts are exploring short-term bear and bull cases. The market sentiment around Bitcoin remains overwhelmingly positive, but there are some concerns put forth by analysts in the foreseeable future and as a result, the next move
Soybean prices on Thursday went up by Rs 61 to Rs 4,552 per quintal in futures market as traders created fresh positions tracking positive spot demand. On the National Commodity and Derivatives Exchange, soybean for January delivery rose by Rs 61, or 1.36 per cent, to Rs 4,552 per quintal with an open interest of
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The USD is weaker As the North American session begins the NZD is the strongest and the CHF is the weakest. The USD is weaker as the market prepares for the last batch of data today including Durable goods, Initial jobless claims, personal income and spending, PCE deflator data and Canada GDP. All will be
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