The dollar briefly hit a high as expectations for the stimulus effects of President Trump's policies rose again after his re-election. However, on the eve of the US and UK central bank resolutions, the dollar pulled back. Mr. Trump's economic plans could boost demand in the short term, analysts say, but the risks of deficits and inflation that come with them could...
EUR/USD steadied slightly in Asia on Thursday (Nov 7), currently trading around 1.0723. The euro fell 1.8 percent the previous day, hitting as low as $1.0683, its lowest level since June 27, as the dollar index surged 1.7 percent and U.S. Treasury yields rose sharply. Preliminary resistance is seen at 1.0820/44 along with this week's high at 1.0937. Preliminary...
Gold (XAU/USD) came under heavy selling pressure ahead of yesterday's market action, falling to near 2,650, a recent low. The dollar rallied strongly after Republican candidate Donald Trump won the US presidential election to become the 47th president, triggering a sell-off in gold. Concerns about deficit spending and expectations that the Federal Reserve will be...
There have been many thoughts about Bitcoin’s collapse before, including now. But I have always believed that Bitcoin will rise, because cryptocurrency represents the times, and Bitcoin is the representative of cryptocurrency. Previously, many people, including many traders and analysts on this site, were not optimistic about Bitcoin due to the uncertainty about...