Abstract:The US President-elect Joe Biden unveiled a much-anticipated coronavirus rescue plan a few minutes before press time, promising $2,000 in stimulus cheques to Americans, social equity, infrastructure spending, and a potential minimum wage of $15 per hour.
The US President-elect Joe Biden unveiled a much-anticipated coronavirus rescue plan a few minutes before press time, promising $2,000 in stimulus cheques to Americans, social equity, infrastructure spending, and a potential minimum wage of $15 per hour.
However, Biden did not give away the total size of the stimulus program, which, according to media reports released early Friday, is $1.9 trillion.
So far, Biden's stimulus talk has failed to inject volatility in the forex markets, leaving EUR/USD sidelined near 1.2155.
On Thursday, the currency pair traded back and forth and ended on a flat note, forming a Doji candle on the daily chart. A sign of indecision, the Doji has neutralized the short-term bearish bias put forward by the last week's rising wedge breakdown and made Friday's close pivotal.
A close under 1.2111 (the Doji candle's low) would revive the bearish view and open the doors for a sell-off 1.2050-1.20.
Alternatively, a close above the Doji candle's high of 1.2179 would confirm a bullish reversal.
Nvidia (NVDA) contributed to the pressure on the Nasdaq 100 index as it slid a further 1.93%. Reuters reported that the chip-maker is delaying the launch of a new artificial intelligence chip for Chinese customers.
STARTRADER, one of the world's fastest-growing brokers, proudly announces the successful acquisition of an Australian Securities and Investments Commission (ASIC) license. This achievement not only underscores their dedication to regulatory compliance but also serves as a pivotal milestone in their strategy to expand service offerings and reach a broader clientele.
Please be advised that the following CFD instruments will be automatically rolled over as per the dates in the table below. As there can be a pricing difference between old and new futures contracts, we recommend clients to monitor their positions closely and manage positions accordingly.
STARTRADER recently concluded a successful seminar titled "Navigating New Frontiers in the Financial Landscape." The event took place from October 28th to 29th, 2023, at Pak Ping Ing Khong in Nakhon Phanom, Thailand.