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; 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 vaccination campaigns weigh on sentiment. The ADP jobs report and the Federal Reserve's minutes are eyed.�...

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 of the country, but here we are. The Georgia Senate races will decide if the Democrats get their wis...

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 labor statistics for December are forecast to show a slowdown in private-sector hiring after a healt...

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 Perdue remains too close to call. Today, Congress and the Vice President will meet in order to form...

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 assisted the precious metal to attract some dip-buying on Wednesday and quickly reverse an early slide...