May 18, 2021 9:05 am
AUD/USD rose over 0.5% on Tuesday due to a weaker US Dollar and after the RBA Minutes, released earlier in the day, pointed to rapid economic recovery. Investors were also looking for more clues over inflation and possible tightening of monetary policies. Market players’ focus has been set on any new pieces of data that […]
Read moreMay 17, 2021 9:23 am
GBP/USD was a notch stronger at the start of the new week, while trading not far from last week’s 2 1/2-month high of 1.4167, as the British government took another step towards economic re-opening by further easing COVID-19-related restrictive measures. Cafes, bars and restaurants will be allowed to service customers indoors, while an international travel […]
Read moreMay 17, 2021 7:47 am
All new US hires at Delta Air Lines Inc (DAL) will need to be vaccinated against COVID-19, the company announced last week. ”Any person joining Delta in the future, future employees, we’re going to mandate they be vaccinated before they can sign up with the company,” Delta Air’s Chief Executive Officer Ed Bastian said in […]
Read moreMay 14, 2021 9:05 am
Spot Gold extended a rebound from this week’s low on Friday due to a softer US Dollar, but gains were limited by key macroeconomic data that bolstered the case of a sooner-than-anticipated increase in interest rates. This week’s macro data showed a sharper-than-expected surge in US consumer prices in April and initial jobless claims hitting […]
Read moreMay 13, 2021 9:07 am
After a two-day rally, futures on US West Texas Intermediate Crude Oil plunged over 2% on Thursday, despite forecasts of a rebound in oil demand globally, as the COVID-19 crisis in India worsened. The International Energy Agency (IEA) said yesterday that oil demand was already exceeding supply, while that shortfall will probably increase even if […]
Read moreMay 13, 2021 7:30 am
The Wendy’s Co (WEN) on Wednesday reported first-quarter revenue and earnings above Wall Street estimates and raised its full-year profit forecast. The burger chain is confident that its breakfast menu, which it launched just prior to last year’s lockdowns, will bring back customers as restaurants reopen for business. Wendy’s shares closed lower for the fourth […]
Read moreMay 12, 2021 9:32 am
T-Mobile US Inc (TMUS) said earlier this week that its direct wholly-owned subsidiary, T-Mobile USA Inc, had agreed to sell $800 million aggregate principal amount of its 2.250% Senior Notes due 2026, $1.100 billion aggregate principal amount of its 3.375% Senior Notes due 2029 and $1.100 billion aggregate principal amount of its 3.500% Senior Notes […]
Read moreMay 12, 2021 7:20 am
Coty Inc’s (COTY) third-quarter revenue, reported earlier this week, dropped 3.3% year-on-year. The company’s cosmetic product sales were adversely affected by coronavirus-related restrictions in some parts of Europe, including the United Kingdom and France. Coty’s revenue from continuing operations on a reported basis shrank to $1.03 billion during the latest fiscal quarter, while matching a […]
Read moreMay 11, 2021 8:22 am
AUD/USD held in proximity to recent 11-week highs on Tuesday, while drawing support from an extended bullish move in global commodity prices. Prices of iron ore, Australia’s key export resource, rose 10% to an all-time high of over $200 per tonne, while the steel-making material brought in AUD 150 billion during the year to March. […]
Read moreMay 10, 2021 9:23 am
GBP/USD extended Friday gains and hit a fresh 11-week high on Monday, with market players’ focus being on the UK economic recovery rather than the possibility of another referendum on independence in Scotland. Pro-independence parties won a majority in Scottish parliament over the weekend, which paved the way for a political, legal and constitutional battle […]
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