Market News

The US stock markets soared yesterday after President Donald Trump announced his decision to sign the stimulus bill, which would provide Americans with $2000 checks instead of $600.

Global Stocks Rise on U.S. Stimulus Bill Passage; S&P 500, NASDAQ, Dow, Dax Hit All-Time Highs; U.S. Dollar Looks Weak; Nikkei 225 Up By Over 2%.

The US President signed off on the latest aid package over the weekend amid a very public outcry for his initial decision to block it.

US President Donald Trump signed into law a $2.3 trillion stimulus aid package, averting a government shutdown.

Americans Will Receive Unemployment & One-Off Relief; Markets Make Risk-On Advance; Dollar Looking Weak; Bitcoin Hits New Record Above $27k.

The pound sterling is poised to hit last week's multi-year high as Forex markets wait for confirmation that a Brexit deal has finally been signed.

The international media have been reporting that both the United Kingdom and the European Union are closer than ever to agree on a post-Brexit trade deal.

The pound sterling steadied during London trading on Wednesday, after France halted its partial blockade of the English-France border.

The Australian Bureau of Statistics reported the preliminary trade balance for November at A$1,958 million, a drop from the previous month's A$7,456 million.

Trump Slams “Wasteful” Bill Items; Market Volatility Drops; Dollar Looking Weaker; Risk Assets Rising Quietly.

The pound sterling continues to slide against the US dollar as the UK remains in lockdown as a result of another mutation of the coronavirus.

Bank of England: Cautious Summary Delivered Amidst Concerns

The United Kingdom's gross domestic product dropped by 8.6 percent in the third quarter (year-on-year), missing analysts' expectations of a 9.6 percent contraction and exceeding the previous quarter's 9.6 percent drop.

Risk-Off Swing Hits Markets on Coronavirus Fears; U.S. Congress Passes Second Stimulus; Dollar Looking Stronger; Countries Close Borders to U.K. on New Virus Strain.

Both the euro and the pound sterling came under pressure as Forex traders sought the save haven currencies, especially the greenback and the Japanese yen.