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January 7, 2021
1/7/2021 11:06:17 AM GMT | By FXStreet Team GBP/USD is trading below 1.36 as US yields boosted the dollar and markets ignore Capitol storming. According to FXStreet’s Analyst Yohay Elam, sterling may shoot higher on UK military assistance to vaccination campaign. Key quotes “A well-organized mob incited by President Donald Trump captured the Capitol in pictures unimaginable in the worlds strongest democracy. Investors may have been glued to the dramat...
January 7, 2021
Current events Today started off well enough. The kids got up and started working on their math right away. The Georgia run-off election was called in favour of Reverend Warnock, which is really cool because he will not only be the first "African-American United States senator from Georgia," but from the entire Southern United States. High time! Theres some good information on African American senators here. Jefferson Franklin Long was the first black congressman from Georgia. He served from ...
January 7, 2021
Hours after the attack, Loeffler said she was dropping her plans to object to the results and condemned the violence. "The events that transpired have forced me to reconsider and I cannot now in good conscience object to certification of these electors. The violence, the lawlessness and siege of the halls of Congress are abhorrent and stand as a direct attack on what my objection was intended to protect: the sanctity of the American democratic process," Loeffler said. While Hawley and Cruz ...
January 7, 2021
Jan 7, 2021 11:16 GMTForex News EUR/USD has been edging lower in reaction to stimulus, shrugging off Capitol storming. US data and the political fallout from the riots will likely shape trading before Fed hopes could boost the pair. Thursday’s four-hour chart is showing bulls hold an advantage. The mob supporting President Donald Trump has failed in its coup attempt – and EUR/USD will likely fall short of ending the broad rally. The world has been digesting the extraordinary events on ...
January 7, 2021
Following EUR/USD Forecast: Why any bearish takeover is set to be temporary, levels to watchANALYSIS | 1/7/2021 10:11:47 AM GMT EUR/USD has been edging lower in reaction to stimulus, shrugging off Capitol storming. US data and the political fallout from the riots will likely shape trading before Fed hopes could boost the pair. Thursdays four-hour chart is showing bulls hold an advantage. The mob supporting President Donald Trump has failed in...
January 6, 2021
; Forex Today: High yields limit USD losses as Dems favored in Georgia, ADP NFP, Fed minutes eyedNEWS | 1/6/2021 6:28:41 AM GMT | By Yohay Elam Here is what you need to know on Tuesday, January 6: Democrats are seen as favorites to win both Senate races in Georgia after most of the counting is done. Prospects of fiscal stimulus are pushing yields higher and providing some support to the dollar. Concerns about the contagious covid variants and slow vaccin...
January 6, 2021
Tweet Update 1:30 a.m. Eastern: The counting has ceased for the night and will resume in the morning. At present, the vote counts stand as follows, with >99% of votes in: David Purdue (R) 2,191,369 — 50.02% Jon Ossoff (D) 2,190,047 — 49.98% _______________ Kelly Loeffler (R) 2,172,931 — 49.59% Original article: It truly is amazing that the fate of the country relies upon four flawed humans in Georgia who are probably more interested in their personal senatorial fortunes than the future ...
January 6, 2021
Will the Federal Reserve step in and purchase more government debt? That could depress yields and cement the dollar’s downfall. Clues about Fed policy are due later in the day when minutes from its December meeting are released. Back then, Fed Chairman Jerome Powell provided guidance about the bond-buying scheme and pledged to do more if necessary. The protocols may provide clues about how close the bank is to expanding its scheme, now standing at around $120 billion/month. Earlier, ADP’s ...
January 6, 2021
Journalism’s obligation to democracy extends beyond the runoffs Yesterday, Georgia voters returned to the polls to decide which candidates would represent the state in the US Senate—and, by extension, which party would control Congress for the next two years. Early this morning, national outlets declared Reverend Raphael Warnock, a Democrat, the winner of his race against Kelly Loeffler, a Republican; as of now, the race between Democratic challenger Jon Ossof and Republican incumbent David...
January 6, 2021
Jan 6, 2021 13:07 GMTFXStreet News Gold attracted some dip-buying on Wednesday, albeit lacked any strong follow-through. Sustained USD selling bias, a selloff in US tech stock might underpin the safe-haven metal. Investors now eye ADP report for some trading impetus ahead of FOMC meeting minutes. Gold struggled to capitalize on its intraday positive move to near two-month tops and has now retreated to the lower end of its daily trading range, around the $1945 region. A combination of factors as...