Dollar clings with the Stimulus package hopes

Having initially played hard on the US Democrats’ easy money demands, which likely weigh his chances of winning in the upcoming presidential elections, Trump tries to convince the market that he is not the reason for the delay in the much-awaited stimulus package. In his latest comments, US President said he wants the biggest stimulus [...]

US President Tests positive for corona

The October month shock is here - US President Donald Trump and the first lady tested positive for corona virus Thursday. Trump tweeted that he and his wife Melania would begin their "recovery process immediately" and "get through this together." Minutes after Trump tweeted his positive test result, the White House physician said the president [...]

Strict lock-down condition impacts Global Market

Global market players are in a dilemma as the key risk catalysts are flashing mixed signals off-late. Fears of strict lock-down conditions hampering the global economic growth seem to favor the bear. Additionally, catalysts likely allegations on US President Donald Trump and Brexit uncertainty are an extra burden on the market’s mood. As gold bears [...]

Fed takes a dovish stance

USD gained a little strength early today by the latest comments from the US Secretary of State Mike Pompeo from the United Nations (UN) meet. The Trump administration member thanked, France, Germany, and the UK, via twitter, as they backed rejection to China’s claim over the South China Sea. Elsewhere, the Fed Chair Jerome Powell [...]