Market News

GameStop: Day Traders Cry Foul at Robinhood and Want Justice

A shift in risk sentiment had helped to push the US Dollar into the background.

In its January 2021 policy statement, the Federal Reserve Open Market Committee painted a somewhat darker picture of the U.S. economy, with a fragile recovery under greater threat from a resilient coronavirus than it was a month ago.

The British pound couldn't maintain momentum and lost ground against both the US dollar and euro during Thursday's session in London.

GameStop stocks have been soaring, mostly fueled by what seems to be a mob of rash investors and putting at risk the positions of some high-profile short-sellers.

U.S. Markets See Biggest Daily Drop Since October; GBP/USD Touches 2.5-Year High; U.S. Dollar Strengthens.

The pound sterling moved higher against the US dollar as Forex traders await news from the Federal Reserve Chairman.

The Australian Bureau of Statistics recently reported that its Consumer Price Index stood at 0.9% in the fourth quarter (quarter-on-quarter), below Q3's 1.6% but higher than expectations of 0.7%.

Markets Quiet & Aimless Before Fed; GBP/USD Touches 2.5-Year High.

The pound sterling struck a one-week low versus the US dollar and remained near to a one-week trough against the euro.

Senate Pushes Back on Stimulus Plan; Stocks, Risky Assets Lower; Yen, Greenback Stronger.

The pound sterling gained ground against its peers during London trade on Monday, supported by the government's continued efforts to combat the coronavirus.

US lawmakers from both sides of the political spectrum are currently discussing President Biden's $1.9 trillion stimulus plan.

Biden Appointee “Can’t Wait” for Stimulus; Stocks, Risky Assets Higher; Greenback Weaker; China Beats US on FDI.

Though higher currently, largely a factor of unexpectedly upbeat data, the US Dollar is likely to continue to come under pressure