June 22, 2021 8:45 am
AUD/USD resumed its retreat on Tuesday, as iron ore prices continued to drop, while China prepares to tighten oversight of the commodity market. The most recent drop in iron ore futures narrowed the commodity’s year-to-date advance to 30%, while China was set to step up inspections into the market. “China is upping the ante on […]
Read moreJune 21, 2021 9:03 am
GBP/USD rebounded from an over nine-week low on Monday, with market focus now turning to a testimony by Fed Chair Jerome Powell on pandemic emergency lending before the Select Subcommittee on the Coronavirus Crisis on Tuesday and to June’s policy decision from the Bank of England on Thursday. BoE policymakers look set to remain divided […]
Read moreJune 21, 2021 7:04 am
Renault SA (RENA) announced last Friday that it had signed an agreement with French trades unions, under which thousands of its employees will be allowed to work from home for up to three days per week. The French auto maker said that the new work-related arrangements would be carried out in several stages, starting this […]
Read moreJune 18, 2021 8:32 am
Spot Gold rebounded on Friday, but was still on track to register its steepest weekly decline since the business week ended March 13th 2020, after the Federal Reserve’s hawkish policy reversal bolstered the US Dollar to a nine-week high. The FOMC indicated on Wednesday that it would consider whether to scale back the bank’s asset-purchasing […]
Read moreJune 17, 2021 8:40 am
Futures on US West Texas Intermediate Crude Oil retreated on Thursday, as the US Dollar added to its value, but still, oil losses were limited by a sharp drop in US crude stocks, signalling continued demand recovery. The US Dollar registered its sharpest single-day gain in 15 months on Wednesday after the Federal Reserve indicated […]
Read moreJune 17, 2021 7:23 am
Bentley Systems Inc (BSY) announced earlier this week a partnership with Carahsoft Technology Corp. Under the agreement, Carahsoft will serve as the main government distribution contract aggregator for Bentley Systems, with the aim being to extend the company’s commitment to US federal, state and local government agencies. The tie-up will enable Carahsoft, Bentley and the […]
Read moreJune 16, 2021 8:03 am
Ford Motor Co (F) said on Tuesday that it had begun production and shipments of the new Bronco Sport-utility vehicles (SUVs) from its assembly facility in Michigan, after a launch delay of the vehicles due to COVID-19 pandemic-related issues with suppliers. Ford has invested $750 million in its assembly plant in Michigan to make the […]
Read moreJune 15, 2021 9:12 am
AUD/USD traded in a narrow range on Tuesday ahead of a keenly anticipated Federal Reserve policy meeting and after the Reserve Bank of Australia released the minutes from its June meeting. The RBA minutes showed that policy makers would not raise the official cash rate until actual inflation in Australia was sustainably within the 2% […]
Read moreJune 15, 2021 6:47 am
Novavax Inc’s (NVAX) late-stage data from its US-based clinical trial, encompassing 30,000 volunteers from the United States and Mexico, has shown that the company’s vaccine is over 90% effective against the novel coronavirus across a range of its variants. The company’s protein-based COVID-19 vaccine candidate showed an over 93% efficacy against the most spread variants […]
Read moreJune 14, 2021 9:05 am
GBP/USD extended last Friday’s losses at the start of the new week, mostly due to a firmer US Dollar. The Sterling seemed to have shown little reaction to news that the British government will probably defer the end of coronavirus-related social restrictions. PM Boris Johnson is expected to announce a delay of four weeks to […]
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