End of week market updates – currencies supported by banks’ tapering headlines

Most of the major currencies have been on the rise this week as the general economic indicators support growth which could push central banks to tighten their very loose policies. The dollar index remains firm above 90 while the Loonie, Sterling and Kiwi are close to closing the week upbeat. Equities In the equities market, […]

Markets panic on new Covid strain as Congress agreed on fresh aid

The market mood went south on Monday as the latest Covid development from the UK threatens to ruin Christmas celebrations. Flights to and from the UK are now isolated. The dollar is gaining against its peers as funds flow into safe-havens. Meanwhile, US lawmakers have reached a $900 billion deal for stimulus. Looking ahead in […]

Daily Market Update – December 4 European Session

Bid for safe-haven currencies fell this week thus causing plunging dollar and yen. The US stock markets hit a fresh high as well as Bitcoin. Meanwhile, Brexit deal talks will continue on Monday. Covid vaccination is expected to start in the UK and US in December as death tolls hit 1.5 million. Here is the […]