Trump recently acknowledged that the new round of stimulus bill which he pledged to achieve before the election seems to be impossible. In the wake of the news, gold retreated nearly 2%!
With less than a week to go until the US presidential election, Biden remains ahead of Trump in national approval rating. But investors may switch from gold to the US dollar amid uncertainties of the election.
The crude oil markets are responsive to geopolitical events and the global economic outlook. Prices have been range-bound in recent months after staging a recovery from record negative pricing for US crude in April, but there are suggestions that the market has overestimated the recovery in demand in the aftermath of Covid-19 lockdowns.
It’s normal for the VIX (the volatility index) to be high surrounding a presidential election. It’s like test anxiety. You study and you’re like, ‘The test is going to be horrible’ and then the test is over and the test anxiety goes away. It’s the same with elections. The election occurs on defined dates. You know who the person in power will be.
The rupee depreciated by 16 paise to settle at more than one-month low of 73.87 against the US currency due to month-end dollar demand from importers and the greenback's gains against major currencies.
ECB Pre-Commits to More QE in December, EUR/USD and DAX Reaction
Since the Democratic candidate Biden was reported to be involved in a scandal, he has not yet given a press conference to clarify what happened.
USD/JYP retreated to a five-week low of 104.21 on Wednesday.
China’s Ant Group Co Ltd has been cutting funding and staff support to many of the overseas e-wallet firms it has invested in as it pivots away from earlier ambitions of becoming a global payments leader.
With less than a week to go, the political drama - US presidential election - is approaching the climax after witnessing campaign ads blanketing the world, campaign rallies reaching fever pitch, and debates turning increasingly fierce.
Despite the positive earnings data released recently, risk aversion is raging the market amid the pre-election jitters and fading fiscal stimulus hopes, with the U.S. benchmark S&P 500 index falling 5% from the monthly high of 3,541 on Tuesday.
Contracts for Euro and Japanese Yen implied volatility versus the U.S. Dollar expiring in a week climbed to their highest since early April.
With less than a week to go before the U.S. presidential election on November 3 we take a closer look at the latest gold market developments. With the yellow metal having gone increasingly stale around $1900/oz we turn our attention to the options market for clues as to how investors and traders are positioning themselves ahead of Tuesdays major risk event.
Trading discipline involves making yourself follow your own trading rules. Self discipline enables a trader to trade a system consistently over time like they planned to with the right position sizing, stop losses, and trailing stops.
A rush of additional trading in derivatives linked to the heir presumptive to Libor bodes well for the transition to a new standard reference rate for dollar funding markets.
Saudi Arabia is set to announce major labor reforms that could effectively end its controversial “kafala” system for foreign workers, a news outlet close to the government reported.
A glitch in the European Central Banks system for settling large-value payments by commercial and central banks has resulted in a drop in deposits worth more than 400 billion euros ($473 billions).
Housebound Americans new buying habits are showing up in everything from home-renovation supplies to takeout chicken and casual footwear.
Kuwaits central bank cut interest rates on some monetary policy instruments in an effort to ease pressure on the currency while helping the economy cope with the impact of the Covid-19 pandemic.
The Guaido administration's loss in a lawsuit over Citgo's assets shows the folly of dragging international investors into the highly polarized conflict of Venezuelan politics.
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