A rising chip maker from the United Kingdom known as ‘Graphcore’ has finally started making its move. The firm made an announcement on Tuesday that it had managed to generate $222 million…
Category: Forex Trade
Michael Farr Shares his Views about Tesla’s Stocks
In recent years, the Tesla auto-mobile company has seen an enormous amount of growth in its demand and supply. With the passage of time, the public’s view around electric cars has changed…
Oil and Global Stocks Lead Risk Rally on US Stimulus Hopes
On Tuesday, there was a rise in global stocks for the fourth consecutive day and oil also followed the same path, as hopes of fresh stimulus in the US teed up a…
Dollar Dithers as Trump Passes Coronavirus Aid Package
On Monday, the dollar essentially shrugged of the threat by US President Donald Trump of not signing a coronavirus aid package, as many investors were on holiday. In the Asian session, the…
Zoom’s CEO Eric Yuan is now a Billionaire
Right after the World Health Organization (WHO) declared COVID-19 as a pandemic, the entire world went under mass lockdowns and curfews. For more than 8 months the majority of the countries around…
Anticipation of Brexit Deal Fuels Stocks and Sterling
On Thursday, the British pound gained and stocks rallied as the European Union and Britain closed in on a trade agreement and investors bet on a global economic recovery. The EU and…
Aussie and Euro Gain, Disregarding Trump’s Threat to Stimulus
On Wednesday, the US dollar declined and the euro once again rose close to the $1.22 mark, as foreign exchange traders decided to look beyond the threat of US President Donald Trump…
Currencies in Emerging Markets Gain as Dollar Loses Strength
On Wednesday, currencies in the emerging markets were on a rebound from the declines they had experienced earlier this week. Russia’s rouble ended up snapping a losing run of three days, and…
New COVID-19 Strain Inflicts Pain on Sterling and Stocks
On Monday, there was a 2% decline in European stocks, while the US dollar strengthened and there was an increase in market volatility, amidst growing unease about the economic damage that would…
The Chair of CFTC will Step Down at the Beginning of 2021
In the recent reports, Heath Tarbert has confirmed that he will be stepping down from his position as the Chair of CFTC. The US derivatives’ head has confirmed that he will be…