Yen and Swiss Franc are trading stronger together with Dollar today, as stock markets are pulling back slightly. On the other hand, New Zealand Dollar is leading other commodity currencies lower. US President-elect Joe Biden’s new spending package was generally ignored by investors. Instead, worse than expected US data is weighing sentiments down slightly. For
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Forex news for Asia trading for Friday 15 January 2021 The main points of incoming US President Biden’s coronavirus economic rescue plan were reported a couple of hours ahead of his scheduled speech. The response of markets was underwhelming with not a lot of movement. Biden’s speech later was a little more impactful, but not
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Grammy Award-winning American pop-rock band “Portugal. The Man” has launched a fan-focused cryptocurrency on the Ethereum-based Rally Network. Known as PTM Coin, the new token will reportedly grant fans exclusive access to various events and perks, including a livestream party, previously unreleased songs and more. Fan tokens emerged as a growing trend in 2020, allowing
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Futures point higher S&P 500 futures are up 9 points ahead of the open. The index gained 9 points yesterday to 3809. Yesterday’s session high was 3821 and that will likely be challenged. The index has been flatish for the past three days and will be waiting for inspiration from stimulus headlines today. For bank
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Gold prices edged lower on Thursday as the dollar steadied and U.S. Treasury yields held near 10-month highs, with markets waiting for President-elect Joe Biden to reveal details of his stimulus plan. Spot gold fell 0.3% to $1,838.44 per ounce by 1052 GMT, while U.S. gold futures slipped 0.8% to $1,839.80. “Gold is consolidating a
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