On Tuesday, Republicans and Democrats failed to overcome their differences on what should be the spending on the next round of corona virus fiscal package. According to the Associated Press, Republican plan totals about $1 trillion whereas Democrats have passed a $3 trillion package in the House. Meanwhile, House Speaker Nancy Pelosi said on Tuesday [...]
Minutes of the latest RBA monetary policy said, “Members agreed that there was no need to adjust the package of measures in Australia in the current environment.” This refuses the earlier hopes that the policymakers are worried about the second wave of the corona virus (COVID-19). In a speech titled "COVID 19, the Labour Market [...]
European Union (EU) hardliners are reportedly ready to accept EUR 390 billion in grants on corona virus recovery fund. This comes after the earlier Reuters report that the Frugal Four are ready to accept EUR 390 billion in grants and EUR 360 billion in loans. Austrian Chancellor Sebastian Kurz tweeted out on Monday, the European [...]
Fundamental view: In the past week, Federal Budget deficit printed new record amount and Fed officials were increasingly doubtful about the sustainability of the economic recovery which decreased the dollar value whereas Gold moved upwards due to future inflation thus XAU/USD showed a bullish trend in the past week. Central banks around the world continue [...]
