Gold held firm near a one-week high on Thursday as progress on a U.S. fiscal stimulus deal weighed on the dollar, while a pledge by the Federal Reserve to keep rates low until an economic recovery is secure lent further support.U.S. congressional negotiators haggled on Wednesday over details of a $900 billion COVID-19 aid bill [...]
The cost of living in the UK as represented by the Consumer Price Index (CPI) for November month is due early on Wednesday at 07:00 GMT. The key inflation data will join the current Brexit drama, the coronavirus (COVID-19) vaccine headlines and the US covid stimulus updates to entertain the Pound traders. The price economics [...]
Australian shares were set to open lower on Tuesday, with the benchmark weighed on by heavyweight miners' fears of Chinese regulatory scrutiny into iron ore prices. Iron ore futures slumped on Monday as speculative interest in the steelmaking ingredient faded after China's steel producers pushed for a regulatory probe into skyrocketing prices and a crackdown [...]
Morgan Stanley analysts foresee 2021 as one more big year for liquidity injection and asset price inflation. "On our projections, G10 central banks will inject another US$2.8 trillion of liquidity next year – just in their government bond purchases. That's more than twice the amount of liquidity central banks injected in any year prior to [...]
