April 27, 2021 9:00 am
AUD/USD, a liquid proxy for risk, eased from a one-week high on Tuesday, as market players abstained from taking large positions ahead of the Federal Reserve’s two-day policy meeting. Yesterday the Aussie dollar appreciated to 0.7815 against its US counterpart, a level not seen since April 20th, supported by near-record high prices of iron ore. […]
Read moreApril 26, 2021 9:33 am
GBP/USD extended last Friday’s gains on Monday, as the British currency disregarded political noise from allegations against the UK’s Conservative government, while CFTC futures data showed market players were still bullish on the Sterling. UK PM Boris Johnson has faced a multitude of allegations in the media related to matters such as the way his […]
Read moreApril 26, 2021 7:34 am
United Airlines Holdings Inc (UAL) said on Friday that it would add more than 480 daily flights to its US schedule in June in order to meet summer period demand, which is expected to increase as COVID-19 vaccine roll-out progresses. “As leisure journey continues to return this summer time, we’re including extra flights to our […]
Read moreApril 23, 2021 9:10 am
Spot Gold traded within a narrow range on Friday, not far from yesterday’s two-month high, and was on track to register a third consecutive week of gains, as 10-year US bond yields and the US Dollar retreated on news US President Joe Biden intends to raise capital gains tax. “The knock-on effect from the tax […]
Read moreApril 22, 2021 9:01 am
Futures on US West Texas Intermediate Crude Oil retreated for a third consecutive trading day on Thursday, while touching a fresh one-week low, following a surprise increase in US crude oil stocks. Additionally, resurgent coronavirus cases in parts of Asia added to concerns over global economic recovery and fuel demand. A report by the US […]
Read moreApril 22, 2021 7:40 am
According to Goldman Sachs Group Inc’s (GS) 2020 sustainability report, Black employees comprised 6.8% of its workforce in the United States and also represented about 3% of its senior executive team. In comparison, in 2019, black employees made up 6.6% of the bank’s US workforce. The report also showed that Goldman Sachs employed a total […]
Read moreApril 21, 2021 9:33 am
Toshiba Corp’s (6502) board has decided against CVC Capital Partners’ $20 billion buyout proposal due to the lack of required details, the company said earlier this week. Yet, the conglomerate added that it remained open to “credible” offers. In a new letter, CVC, which had previously proposed to take Toshiba private, did not provide the […]
Read moreApril 21, 2021 7:33 am
Microsoft Corp (MSFT) plans to invest $1 billion in Malaysia over the upcoming five years in a new partnership with government agencies and domestic companies, the country’s Prime Minister announced earlier this week. As part of the Bersama Malaysia initiative, the US tech company will build its first datacentre region in Malaysia in order to […]
Read moreApril 20, 2021 8:40 am
AUD/USD, a liquid proxy for risk, extended yesterday’s gains and registered a fresh one-month high on Tuesday, after the minutes from the Reserve Bank of Australia’s meeting in April revealed policy makers expected a stronger economic rebound from the coronavirus pandemic. Rising commodity prices provided additional support. The RBA said that it expected an “above-trend” […]
Read moreApril 19, 2021 9:21 am
GBP/USD extended last week’s gains and registered a fresh two-week peak on Monday, as the Sterling drew support from a partial re-opening of the UK economy and improving investor risk sentiment, while the US Dollar remained pinned near one-month lows. The Pound’s positive sentiment was underpinned by the latest data surrounding the UK’s vaccination campaign. […]
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