Fundamental view: Last week was a great week for the greenback. The support for greenback is favored by the persistent optimism about a large, new US stimulus package of $1.9 trillion, with Democrats moving to pass US President Joe Biden’s bill without Republican support. Worth noting that despite such move Biden and Republican senators are [...]
The yellow metal makes the heaviest losses in over this month, in the earlier of this month. Gold dropped to a nine-week low the previous day before recovering from $1,785. As the broad US dollar gains remain on the table, which weighs on gold prices off-late, the pre-NFP trading lull seems to challenge the commodity [...]
With covid vaccinations likely to kick off at the end of the ongoing month, Australian Prime Minister Mr. Scott Morrison said Thursday that the government would buy another 10 million doses of Pfizer’s vaccine. He also said that the country now has access to 150 million doses of the vaccine. Its worth mentioning that AstraZeneca’s [...]
US Treasury Secretary Janet Yellen is expected to hold a meeting with the Securities Exchange Commission (SEC), the Federal Reserve (Fed), the New York Fed and the Commodity Futures Trading Commission this week, citing sources familiar with the matter. Earlier on Wednesday, Yellen said that the Congressional Budget Office (CBO) forecast portrays a desperate need [...]
