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Tag: Federal Reserve

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Market Activity

U.S. Indices Closed In Spread Order After Fed Reaffirmed The Support

The New York Stock Exchange ended in a spread order on Wednesday after a volatile day with the Nasdaq setting a new record high, while the S&P 500 is close to its own. The Fed reaffirmed its intention to continue its long-term support in the evening and was more hopeful about a rebound in 2021, considering a few tough months ahead of the coronavirus vaccination campaign. Markets are also in hopes that an agreement on a new $900 billion funding package to resolve the coronavirus pandemic will be immediately announced by U.S. Congress. The Dow Jones index finally gave up

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Stock Investing

EUR/USD Rate Slid As Uncertainty Remained Around Outcome of U.S. Elections

On Friday, November 6, the Euro weakened against the US dollar by 0.1%, closed the trading at the level of 1.1873. December futures on the dollar index DXY dropped by 0.37% and were at the level of 92.23. At the end of Thursday, the EUR/USD exchange rate rose by 0.87% to 1.18229, and the DXY indicator fell by 0.96% to 92.516. Global markets have seen increased demand for risky assets, including the USD, for four consecutive days. At the same time, the rates of protective currencies such as the Swiss Franc and the Japanese Yen show significant strengthening, which is