Eurozone finance ministers renew their pledge to continue financial support in light of Corona
News
Monday, January 18, 2021 - 18:42
by Point Trader Group

Eurogroup president Pascal Donohy said Monday (January 18th) that euro zone finance ministers renewed their pledge to maintain a stimulus policy for public spending to help the economy meet the challenges of the COVID-19... [read more]


Gold drops 1% as the dollar's rise accelerates
News
Friday, January 15, 2021 - 20:25
by Point Trader Group

Gold prices fell by more than one percent on Friday, and the metal is heading to suffer the second consecutive weekly loss, as the dollar continued to rise, casting a shadow over the appetite for gold as a hedge against ... [read more]


Gold rises as stimulus bets strengthen after weak US data
News
Thursday, January 14, 2021 - 18:25
by Point Trader Group

Gold prices rose in volatile trading Thursday, as data showing weakness in the labor market boosted bets on further government stimulus, supporting the metal's attractiveness as a hedge against inflation and the pressure... [read more]


Unemployment claims in the United States amounted to 965,000 last week, compared to expectations of 800,000
News
Thursday, January 14, 2021 - 17:03
by Point Trader Group

The number of Americans filing for new unemployment benefits rose last week, confirming weak conditions in the labor market in light of the worsening COVID-19 pandemic that disrupts work in restaurants and companies.The ... [read more]


A majority of the US House of Representatives votes to urge Pence to enact the 25th Amendment
News
Wednesday, January 13, 2021 - 18:25
by Point Trader Group

The US House of Representatives voted Tuesday to urge Vice President Mike Pence to begin enacting the 25th Amendment to the US Constitution to remove President Donald Trump from office, although the Vice President saidIn... [read more]


US Energy Information Administration: Crude stocks fell, and fuel rose last week
News
Wednesday, January 13, 2021 - 17:27
by Point Trader Group

The United States' crude oil inventories declined while gasoline and distillate inventories increased, the US Energy Information Administration said Wednesday.Crude inventories fell 3.2 million barrels for the week endin... [read more]


Sterling jumps after comments from Bank of England governor
News
Tuesday, January 12, 2021 - 16:43
by Point Trader Group

The British pound jumped against the euro and the dollar on Tuesday after comments by Bank of England Governor Andrew Bailey about the viability of negative interest rates dampened some expectations of sub-zero interest ... [read more]


Oil is heading for a weekly gain in support of a Saudi cut
News
Friday, January 08, 2021 - 17:44
by Point Trader Group

Oil prices hit an 11-month high on Friday and are on track for weekly gains, supported by Saudi Arabia's pledge to cut production and strong gains in major stock markets.Brent crude rose $ 1.04, or 1.9 percent, to $ 55.4... [read more]


The US economy is losing 140,000 jobs in December 2020 against expectations of an additional 50,000
News
Friday, January 08, 2021 - 17:41
by Point Trader Group

The US economy lost jobs for the first time in eight months in December as the COVID-19 attack ravaged the country, indicating a significant loss of momentum that may temporarily halt the recovery from the pandemic.The U... [read more]


The dollar is hovering above its lowest level since 2018 after the Democrats took control of the Senate
News
Thursday, January 07, 2021 - 16:28
by Point Trader Group

The dollar rose on Thursday, January 7, hovering above its lowest level in nearly three years, after the Democrats won control of the US Senate, paving the way for a possible greater financial stimulus under President-el... [read more]


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