Gold Prices See a Price Increase in the Trade Market
Monday morning witnessed a slight increase in the gold price for the third straight session in a heavier sell-off in the international markets. The precious metal bounced back marginally abroad. It remained stable at around $1940 per ounce in the global spot market. The market also witnessed silver prices...
When it comes to the global foreign exchange market, buyers and sellers of currencies determine the rates of one foreign exchange instrument versus others on a real-time basis.
Charts are useful tools for investors and traders as they offer insight into herd behavior. In a book written in 2004, author James Surowiecki explained how crowds make better decisions than individuals. Markets are embodiments of Surowiecki’s thesis as the current price of an asset is the level where...
SoftBank Reconsidering New Trading Strategy Which Hurt Shares
SoftBank Group Corp. is considering revamping a controversial strategy of using derivatives to invest in tech companies, and its executives have met with investors in recent days to assure them that the bets are relatively conservative, according to people familiar with the matter. The Japanese conglomerate has stressed to investors...
Sterling Bounces on Hope of Brexit Talks
On Wednesday, Sterling rose from the day’s low after a source close to the UK-EU Brexit talks revealed that even though a trade deal is difficult, it is still possible. The source went on to say that Brexit talks are expected to continue in the coming weeks. Earlier, the...
On Thursday, European shares were mixed and world shares were close to all-time highs, after a strong session in the Asian market in which worsening US data was outweighed by the market euphoria around hopes for additional fiscal stimulus, Joe Biden’s presidential win, and COVID-19 vaccines. This November, world...
Although the COVID-19 pandemic has affected the entire world, the country that has taken the biggest hit in China. China is the country where the coronavirus is reported to have emerged from in the first place from Wuhan city. Ever since the coronavirus outbreak, almost the entire China went...
Wall Street Ready to Bounceback after COVID-19 Keeps Europe in the Red
On Tuesday, some of the early losses were recovered by European equities and futures indicated towards a Wall Street recovery, after markets saw a wave of risk aversions at the beginning of the week. On Monday, Wall Street had reported its biggest daily losses over a month and Asian...
EU and Boris Johnson Ready to Go an Extra Mile for the Brexit Talks
The recent developments related to the Brexit Talks are now appearing to be a good thing for the people who had their reservations about the Brexit trade. It has been revealed that the President and the European Commission are yet to come to a final decision regarding the Brexit...
Stocks Bulls Put a Stop to their Charge
On Thursday, global shares were on course to put an end to their longest winning streak in more than a year, one that has given them a boost of more than 10%, as the coronavirus vaccine and post-US election bull run came to a halt. There was a 0.7%...
Oil and Global Stocks Lead Risk Rally on US Stimulus Hopes
On Tuesday, there was a rise in global stocks for the fourth consecutive day and oil also followed the same path, as hopes of fresh stimulus in the US teed up a stronger end for riskier assets this year. By 0751 GMT, the MSCI world index had climbed by...

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