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FX Empire
European Shares, US Futures Mixed; Mnuchin Decision Reduces Fed’s Lending Power
Yields Fall as Treasury Secretary Mnuchin decided to let several of the Federal Reserve’s emergency funding programs expire on December 31.
FX Empire
Price of Gold Fundamental Daily Forecast – Pressured as Investors Seek Shelter in Safe-Haven Dollar, Yen
Contracts for Euro and Japanese Yen implied volatility versus the U.S. Dollar expiring in a week climbed to their highest since early April.
FX Empire
IMF Sees ‘Somewhat Less Severe Though Still Deep Recession in 2020’
The IMF on Tuesday turned slightly more positive on the global economy for this year, but warned of a “long, uneven and uncertain” recovery.