Miroslav Marinoff | Trading Pedia

Forex Market: GBP/USD trades in narrow range amid subdued risk sentiment ahead of Federal Reserve meeting

July 26, 2021 8:51 am

GBP/USD was stuck within a tight range on Monday, as risk sentiment remained subdued amid surging new coronavirus infections and a drop in Asian shares ahead of the Federal Reserve’s two-day policy meeting this week. Against a basket of six major peers, the US Dollar was little changed on the day, but in proximity to […] Read more

BRP Group to acquire all assets of Founder Shield LLC

July 26, 2021 6:43 am

BRP Group Inc (BRP) said last week that its indirect subsidiary Millennial Specialty Insurance LLC had entered into a definitive agreement to purchase all the assets of Founder Shield LLC, AlphaRoot LLC, ReShield LLC and Scale Underwriting Services LLC. The acquisition is expected to be finalized around August 1st, subject to particular closing conditions. “Founder […] Read more

Commodity Market: Gold set for first loss in five weeks as US Dollar remains near a 16-week high

July 23, 2021 8:04 am

Spot Gold traded little changed on Friday, but was heading for its first weekly loss out of five, as the US Dollar remained firm not far from recently achieved highs. “Gold being a go to alternative for paper currency and seeing the dollar bit higher is the catalyst that nudging gold back,” DailyFX currency strategist […] Read more

Commodity Market: US Crude Oil retreats as US oil inventories rise, surging COVID-19 cases threaten demand

July 22, 2021 8:29 am

After gaining more than 4% in the previous session, futures on US West Texas Intermediate Crude Oil edged lower on Thursday after US oil stocks unexpectedly rose, while surging new coronavirus cases pose a threat to demand. “Volatility in energy remains elevated as traders grapple with short-term demand weakness from Delta variant concerns and expectations […] Read more

Airbus delivers first A350 aircraft from Tianjin facility

July 22, 2021 7:08 am

Airbus said earlier this week that it had delivered the first A350 widebody plane from its final assembly line in Tianjin to China Eastern Airlines. The Tianjin facility engages in cabin installation, painting, production flight test and aircraft delivery for the A350, the European plane maker said in a statement. A350 deliveries from that facility […] Read more

AT&T shares close higher on Tuesday, company inks 10-year wireless network deal with Dish

July 21, 2021 9:07 am

AT&T Inc (T) has inked a 10-year deal with Dish Network valued at nearly $5 billion, under which AT&T will become Dish’s primary network services partner for wireless customers. Under the agreement, AT&T will provide voice, data and messaging services to clients of Dish-owned mobile virtual network operators Boost Mobile, Republic Wireless and Ting. Dish […] Read more

Volkswagen to discontinue Passat production and sales in the United States in 2022

July 21, 2021 7:09 am

Volkswagen AG (VOWG) said earlier this week that it would discontinue sales and production of the Passat sedan in the United States next year, as the auto maker moves away from passenger cars in favor of Sport-utility vehicles. The company pointed out it would discontinue assembly of the Passat sedan in Tennessee, US, with model […] Read more

Forex Market: AUD/USD plunges to a fresh 34-week low as Delta variant hampers risk sentiment

July 20, 2021 9:13 am

AUD/USD, a liquid proxy for risk, traded near a fresh 34-week low on Tuesday, as rising concerns about the impact of the Delta variant on global economic recovery triggered a rush to safety, supporting the US Dollar and the Japanese Yen. “Learning to live with COVID is not being enthusiastically embraced amid the spread of […] Read more

Zoom to acquire Five9 in $15 billion deal

July 20, 2021 6:57 am

Zoom Video Communications Inc (ZM) said over the weekend that it had agreed to acquire cloud-based call center operator Five9 in a $14.7 billion deal, the company’s largest acquisition ever, amid intensifying competition in the video conferencing field. The Five9 acquisition is expected to complement Zoom Video Communications’ Zoom Phone service through the addition of […] Read more

Ford shares fall for a fourth straight session on Friday, 775,000 Explorer SUVs to be recalled due to steering issue

July 19, 2021 11:00 am

Ford Motor Co (F) said last week that it would recall nearly 775,000 Explorer SUVs worldwide due to a steering issue, which reportedly led to six injuries in North America. The recall covers 676,152 vehicles in North America, 59,935 vehicles in China and 38,600 vehicles in other parts of the globe, the auto maker said. […] Read more