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The precious metal gold is looking to trade bullish above 1,944 level amid weaker U.S. dollar. The Federal Reserve Chair Jarom Powell is expected to keep policy dovish for the extended period, driving bullish bias the precious metal gold. Check out the gold price forecast video to learn more about it.
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Hewlett-Packard Co.’s share price up, to resume its share repurchase program after ending merger negotiations with EMC Hewlett-Packard Co. revealed in an official statement today that it will resume its share buyback program. This decision of the company eliminated speculations that HP is still considering the takeover of EMC Corp.According to the […]
USD/ZAR: Rand hits fresh 10-week low ahead of SA unemployment data The South African Rand extended losses against the US Dollar on Tuesday, as heightening concerns over China’s post-COVID recovery pressured the emerging market currency.Yesterday the Rand retreated to a fresh 10-week low against the […]
Tesla announces recall of over 1.104 million foreign and China-made vehicles According to China's State Administration for Market Regulation, Tesla Inc will recall as many as 1,104,622 vehicles, both produced in China and imported from abroad.The Chinese market regulator said that the recall would cover […]
Forex Market: EUR/HKD trading forecast for Monday Friday’s trade saw EUR/HKD within the range of 9.8320-9.8958. The pair closed at 9.8404, losing 0.47% on a daily basis and 1.04% for the whole week.Fundamental viewEuro zoneGerman Retail SalesAnnualized retail sales in Germany […]
Hon Hai Precision Industry Co. Ltd’s share price up, acquires a 4.9% stake in SK C&C Co. to diversify services The largest division of Foxconn Technology Group and the biggest electronics manufacturer in the world – Hon Hai Precision Industry Co., announced in an exchange filing that it acquired a 4.9% stake in SK C&C Co., as it plans to expand its […]
Forex Market: NZD/USD daily trading forecast Yesterday’s trade saw NZD/USD within the range of 0.7766-0.7978. The pair closed at 0.7802, losing 1.49% on a daily basis.At 8:24 GMT today NZD/USD was down 0.21% for the day to trade at 0.7786. The pair touched a daily low at 0.7774 […]