EUR/USD 1Q Forecast: US Dollar May Rebound, FED, ECB Policies Diverge
The US Dollar soared at the onset of the Covid-19 pandemic as panicked credit markets began to seize up, sending capital scrambling for the reserve currency’s ultimate liquidity.
Judge dismisses Gohmert’s election suit against Pence
TEHRAN (Iran News) – A federal judge on Friday dismissed a bid by Rep. Louie Gohmert (Texas) and other Republicans that sought to endow Vice President Pence with the legal authority to effectively overturn President-elect Joe Biden’s electoral win. In his ruling, Texas-based U.S. District Judge Jeremy Kernodle, a Trump appointee, said the GOP plaintiffs lacked standing. The […]
Euro Forecast, Pressing Higher
The Euro has rallied a bit on Tuesday, reaching towards the 1.23 handle. This is an area that has a significant amount of resistance.
House lawmakers override Trump’s defense bill veto
The House of Representatives on Monday voted to override Trump’s veto of the National Defense Authorization Act for Fiscal Year 2021.
US military attacked in Iraq
TEHRAN (Iran News) – Iraqi sources reported on Monday that a roadside bomb has exploded on the way of a US coalition logistics convoy in the southern Iraqi province of Al-Diwaniyah. The blast did not cause any casualties or damage. On December 21, some Iraqi news sources reported on Monday that a bomb exploded on […]
China Will be Top Global Economy
China will leapfrog the U.S. to become the world's largest economy by 2028, according to a new report by an economic think tank, helped by its rapid and successful response to the COVID-19 coronavirus pandemic
Europe rolls out vaccines
TEHRAN (Iran News) – Europe rolls out vaccines in a bid to leave the COVID-19 pandemic behind. Europe launches a cross-border vaccination program of unprecedented scale on Sunday (Dec 27) as part of efforts to end a COVID-19 pandemic that has crippled economies and claimed more than 1.7 million lives around the world. The region […]
Fed raises its economic outlook
The Federal Reserve expects the real gross domestic product to fall just 2.4% in 2020, compared to a decline of 3.7% predicted in September. The Fed also upped its 2021 real GDP forecast to 4.2% from 4.0%.
Oil drops on surprise U.S. stock build
Brent crude futures fell 71 cents, or 1.4%, to $49.37 a barrel at 0646 GMT. U.S. West Texas Intermediate (WTI) crude futures slid 67 cents, or 1.4%, to $46.35 a barrel. Both contracts fell nearly 2% on Tuesday, already a second straight session of declines.
Pfizer, Moderna testing new coronavirus
Pfizer Inc and Moderna Inc are testing their COVID-19 vaccines against the new fast-spreading version of the virus that has emerged in Britain.