Gold has been increased in its recent advance to the $1,950 level as market volatility slows down and the US election nerves settle into a foregone conclusion of a Democratic Party victory. The yellow metal recently eased after US election updates suggest President Donald Trump’s lead in Pennsylvanian voting count. Earlier in Asia, news from [...]
Gold has become popular over the past few years as foreign exchange traders seek sustainable investments that can protect against inflation, market instability and other geopolitical factors affecting currency prices. Traders can use gold as a means of protection against other investments or as a safe haven that provides stability over time and resists dramatic [...]
The Bank of Japan (BOJ) ramped up its Japanese Government Bond (JGB) purchases in 1-3 years maturities by JPY500 billion vs. JPY420 billion previous, in its routine daily operation. The central bank also boosted the buying of JGBs in 3-5 years maturities to the tune of JPY420 billion from the JPY350bn purchases seen previously. Jibun [...]
In a nail-biting fight to the 2020 US Presidential race, EUR/USD is struggling to extend the rebound from four-month lows of 1.1605. The US dollar is off the multi-week highs but remains strongly bid, as the election race tightens. The S&P 500 futures, however, rise 1%. The likely delay in results from Michigan, Wisconsin, and [...]
