Matthew Piercey, the man behind two investment companies – Zolla and Family Wealth Legacy was apprehended by FBI agents in Sacramento on charges of wire fraud, witness tampering, mail fraud and money laundering, which has misappropriated around $35 million worth of investor funds, as stated by the US court.
NZD/USD is set for its fourth week of gains in a row amid the falling likelihood of the RBNZ’s negative interest rates and the government’s improved pandemic control.
It is reported that the US Food and Drug Administration has scheduled a meeting of its Vaccines and Related Biological Products Advisory Committee on Dec. 10 to discuss the request for emergency use authorization of a Covid-19 vaccine from Pfizer.
The Office for Budget Responsibility (OBR) lately forecast that the UK’s GDP was on track for its worst year on record. As a result, GBP/USD received some pressure for a time but approached to 1.34 barrier after reclaiming the lost ground.
Some of the most common emotions traders experience include fear, nervousness, conviction, excitement, greed and overconfidence.
India will enter a technical recession this week with the economy set to contract for a second consecutive quarter. The pace of contraction, though, is likely to be significantly below what was seen in the first quarter of the year. GDP data for the July-September quarter is due to be released on Friday.
Oil prices were mixed on Friday in quiet trade due to the U.S. Thanksgiving holiday, with West Texas Intermediate (WTI) dropping more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic.
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WTI on Wednesday found some stability at $45.0 and climbed to an intraday high of $46.24, an eight-and-a-half-month high since Mar. 6.
A glut of cash chasing assets in India has caused short-term rates to plunge.
The IMF projects that the global economy will shrink by 4.4% in 2020, followed by a 5.2% rebound in 2021, supporting a V-shaped recovery.
Gold prices traded lower to $1,825 on positive vaccine news.
US stocks rallied toward records, oil surged past $45 and the dollar fell as the formal start of President-elect Joe Biden’s transition spurred investors into risk assets.
NZD/USD Outlook: Kiwi Flying High, NZD Looking Overvalued
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On Monday, WTI crude refreshed the recent high to $43.35 with an intraday gain exceeding 2%.
S&P Global Ratings on Monday expressed scepticism over allowing corporate ownership in banks given India's weak corporate governance amid large corporate defaults over the past few years.
Many Forex traders ask what determines the value of a currency, and which are the elements that move with its change in the currency chart.
Recently, the US Treasury requested a cut in monetary policy. As a result, the decline of the dollar came to a standstill.
WikiFX Exposure recently received a complaint about the broker EIG (Elita Invest Global) in Hong Kong.
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