The stock market witnessed an all-around positive market performance on Wednesday, as several stocks rallied positively to close higher than their initial value. The Dow Jones Industrial Average rose by 1.44% to close at 30,829.40, while the S&P 500 Index (SPX) rose by 0.57% to 3,748.14. CBOE was particularly impressive, with a 3.16% rally hitting $95.47 by the end of the day.
The dollar remained trading near its weakest level in nearly three years Thursday as the projected Democrat victories in the U.S. Senate runoffs in Georgia pointed to two years of loose fiscal and monetary policy..
The Warsaw Stock Exchange (GPW) published the metrics of its trading activities for December 2020 on Tuesday, showing a massive increase in the market demand when compared to the previous year.
Pan-European exchange Euronext has reported an eight percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $19.8 billion in December 2020, which is down from November’s $21.5 billion.
Gold and silver’s rallies may continue into the new year. These two precious metals closed off their best years since 2010 on December 31 after a year of unexpected volatility brought on by the COVID-19 health crisis.
Crypto fund manager Grayscale closed 2020 with a cool $20 billion under its wings. The asset manager, whose publicly-traded funds offer investors the opportunity (with several hefty caveats) to trade crypto on the stock market, has increased its holdings by ten times since the start of 2020.
David Moyes, Chief Commercial Officer at Exness told Finance Magnates that he expects the industry to sustain growth in 2021 due to the record number of new clients.
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The dollar was down on Wednesday morning in Asia, with investors looking past a Senate delay in U.S. stimulus checks and continuing to bet that additional financial aid is still likely.
The dollar slipped further on Tuesday as market participants continued to position themselves for a strong economic rebound across the globe in 2021