U.S. stocks soar due to Biden’s strong performance in Super Tuesday
The US stock market rebounded strongly on Wednesday, with both the Dow and the S & P 500 rising more than 4%. The strong performance of former US Vice President Biden in the “Super Tuesday” Democratic primary election injected a boost in market confidence. View more
Fed cut interest rate 50 basis points, investors still expect the uncertainty
The US dollar index, which measures the strength of the US dollar against a basket of six other major currencies, declined by 0.41% to 97.13. The US dollar index slipped to a near eight-week low of 96.926 after the announcement of the interest rate decision. View more
Gold “Bulls” wait for a break of $1600
The price of gold rose modestly in European trading on Tuesday, but it seems difficult to break $1600 level, a key resistance. Some of the investors believe that it may still be blocked. View more
Investors are betting the Fed will announce interest rate cuts at March meeting or even earlier
The US dollar index, which measures the greenback against a basket of six other major currencies, was down 0.53% at 97.448. The intraday low was 97.176, the lowest since January 16. View more
Risk appetite may weigh on euro
Central banks everywhere have hinted that the economy will be supported by actions. Investors look forward to the coming of the “policy” market..... View more
