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For the past couple of weeks, the EU and the UK has been stalling the progress of their talks. Up until today, there is still no news as to whether the or not there will be any news from either side. Three areas that still haven’t been consolidated are the fisheries aspect, Court of Justice,

Despite Dow Jones closing at a higher 2.21%, the New Zealand Dollar struggles to keep momentum and underperformed on Wednesday. Some of the highest-performing stocks were connected to travel in the non-essential service industries, namely Carnival Corporation and United Airlines, up at 5.9% and 3.89%, respectively. This may represent sentiments on the gradual lifting of

As political strains between the US and China rises, gold strengthens as a safe-haven and seems to be pressing higher. Interestingly, the yellow metal is up with the stocks in spite of higher yields, with the weaker USD as one of the possible key drivers.   Rising Political Strains Last week, the US proceeded discussions

These past few days saw risk sentiment quite erratic because of the various economic issues in various countries. Generally though, the risk sentiment of the market is off. The AUDUSD was able to gain a bit of momentum upward in the past days. However, the pressure may move the AUD lower as it is a

Following the meeting of the Reserve Bank of Australia (RBA) on Tuesday, AUD/JPY stays on the defensive side with the supportive comments of its Governor, Philip Lowe, to do more quantitative easing if needed. According to Lowe, the bank continues to be ready to bolster bond purchases, while noting the confinements to what the monetary

After experiencing a large pullback in the last two days to the 1728 level,  precious metal broke out of the 1738 level and made its way up to the 1750 level where it is now consolidating.   The Case of Moderna’s Vaccine Hope Yesterday, Moderna reported that the first trials of their Covid-19 vaccine were

As the “promising” preliminary results for the COVID-19 vaccine trial on Monday from American Biotech Company Moderna Inc. went out, risk sentiments showed in major currencies. Safe havens, JPY and USD, became one of the weakest performing currencies. On the other hand, AUD and NZD increased in value. As one would have envisioned, there was

The UK-EU trade talks have been the highlight of the British pound for several days in a row. However, it seems that both the UK and the EU aren’t budging. The two nations are now at a standoff with neither one of them willing to make a compromise on their policies.   The Latest News

For the past few days, the USD has been in the spotlight since economic turbulence has made investors possibly itching for a safe haven. Seemingly, the demand for the USD may shoot up if ever the demand for a safe haven increases.   US Retail Sales Data One of the pushers of USD demand is

Finance Minister Liu Kun of China published an article on People’s Daily, stating that with the increasing pressure on the economy, more progressive fiscal policy is needed. This would serve as a protection against the declining country’s development caused by the COVID-19 crisis, which contributed to China’s changes in revenue growth.   China at Present