Dollar Dithers as Trump Passes Coronavirus Aid Package
On Monday, the dollar essentially shrugged of the threat by US President Donald Trump of not signing a coronavirus aid package, as many investors were on holiday. In the Asian session, the pound was hovering near its two-and-a-half-year high, after the last-minute agreement of a narrow Brexit trade deal...
World Shares Near All-Time Highs, US Markets Close for Thanksgiving
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...
Vaccine Hope and Biden Transition Drive Up Stocks, Bitcoin and Oil
On Tuesday, oil, stocks and risk currencies, which included Bitcoin, all saw gains as the formal go-ahead was given to President-elect Joe Biden to start his transition to the White House. There was a 3% rise in the world’s most popular crypto, as it was just shy of its...
Dollar Declines as Vaccine Euphoria Fades and Yen Moves towards Worst Week
On Friday, the U.S. dollar slipped and the risk appetite in currency markets eased up, as worries about the economic impact of the increasing coronavirus cases in the United States and Europe tempered the initial euphoria brought about by a possible vaccine. On Monday, global markets surged after Pfizer...
Vaccine News Prompts Rally in Asian Shares But Signs of Weakness Emerge
On Tuesday, Asian share markets saw an increase as the successful trial data for the COVID-19 vaccine earned global investors’ applause. However, some of the early gains were wiped out due to expected delays for any kind of mass rollout. During the Asian session, European futures trading were indicating...
European Stocks Lose Steam after Five-Day Rally
On Friday, European stocks drifted lower after a strong rally this week as a record number of coronavirus cases were posted by France and Italy, while investors assessed the expected implications of a potential gridlock in Washington on stimulus and policy. After enjoying a winning run for five days,...
Dollar Trims Gains as U.S. Election Race Tightens
With riskier currencies staying on the backfoot, the U.S. dollar trimmed some of its gains, as the markets were waiting for the outcome of the U.S. elections after early results indicated that the race was tighter than anticipated. This came as a surprise for investors, as they were betting...
Stocks Dip on Stimulus Doubts and Surging Virus Cases
On Monday, global stocks kicked off the week on the back foot as the global economic outlook was clouded by surging cases of coronavirus in the United States and Europe, while leaders in China are meeting to discuss the future of the economic giant. In the last two days,...
Investors Left Hanging as Stimulus Negotiations Drag On
On Friday, the dollar fell and global stocks trod water, as investors were left hanging since they were waiting to see if they will finally reach a long-awaited agreement on a fresh stimulus package for COVID-19 relief. Nancy Pelosi, the U.S. House Representative Speaker said that there was a...
Crypto Prime Brokerage Introduces Cross-Exchange Margin Service
A crypto prime brokerage based in Hong Kong, Cyberx launched the first cross-exchange portfolio margin service in the world on Wednesday for derivatives and spots trading. Prime brokerage for crypto remains a rather nascent industry for now because there are only a few companies that are offering such services...

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