Corona Virus
Stay Safe, FollowGuidance
Fetching Location Data…
David Becker

US stocks whipsawed, initially moving higher, hitting fresh all-time highs before moving lower and closing down on the session. Stocks closed off their lows. Most sectors in the S&P 500 index were lower, led down by Real-estate and Industrials. Energy shares bucked the trend. Gold and silver prices moved higher on Monday, while the dollar was down along with crude oil. Bitcoin prices dropped nearly 7%, after rallying over the weekend. The VIX volatility index surged nearly 17%, closing above 26 for the first time since the November elections.

Senate Runoff is Key to Markets

On Tuesday, the Georgia Senate Runoff races take place. The fear in the market is that the democratic candidates win both seats and control the US Senate. This will allow Chuck Schumer to control the senate agendy allowing President-elect Biden to push through several new legislation pieces. Riskier assets were also sold off following news that the UK Prime Minister was calling for another large lockdown.  In the US, approximately 4.6-million people have received a vaccine. Over the weekend, news came out that President Trump pressured the George Secretary of State to come up with enough votes to overturn the George Electoral College vote. The call was on tape and made available via the Wall Street Journal and the Washington Post.

Know where Gold is headed? Take advantage now with 

75% of retail CFD investors lose money


Trump Pressured Raffensperger

In a Saturday telephone call, President Trump urged Georgia Secretary of State Brad Raffensperger to overturn the November election results. At one point in the call, Mr. Trump told Mr. Raffensperger that he could face legal action and said he wanted him to find nearly 12,000 votes so he could reverse Mr. Biden’s victory.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker

  • Your capital is at risk
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.