March 23, 2021 9:58 am
AUD/USD retreated to a two-week low on Tuesday, as the US Dollar rose ahead of Fed Chair Powell’s testimony later in the day while the Aussie took a hit from a steep drop in oil prices. The black liquid retreated over 3% on Tuesday due to concerns that fresh pandemic-related restrictions and slow vaccine roll-outs […]
Read moreMarch 22, 2021 10:22 am
Having touched a one-week low in Asia, GBP/USD remained mostly stable during Monday’s European session, as Forex market jitters resulting from Turkey’s surprise decision had insignificant effect on the Sterling. Meanwhile, the latest CFTC data showed that speculators had cut their net long position on GBP/USD during the week to March 16th, but still, the […]
Read moreMarch 22, 2021 8:37 am
Facebook Inc (FB) has resolved a technical issue, which led to a global outage of its services, including Instagram. Reports in the media stated that the issue had affected Facebook’s online messaging services Whatsapp and Messenger as well. According to outage tracking website Downdetector.com, more than 1 million users had complained about having issues with […]
Read moreMarch 19, 2021 10:01 am
After a 0.5% loss on Thursday, Spot Gold edged up on Friday, but upside seemed limited amid rising US bond yields after the Federal Reserve projected the strongest economic growth in four decades. The US Dollar rebounded from lows unseen in two weeks as US bond yields held in proximity to an over one-year peak, […]
Read moreMarch 19, 2021 8:35 am
Alphabet Inc’s Google announced on Thursday plans to invest more than $7 billion in offices and data centers across the United States at a time when Internet traffic rises, as COVID-19-related restrictive measures prompted more users and advertisers to go online. The latest investment aims to expand Google’s data centers in Nebraska, South Carolina and […]
Read moreMarch 18, 2021 9:54 am
Futures on US West Texas Intermediate Crude Oil extended losses from the previous four trading days on Thursday after an official report revealed US crude and fuel stocks continued to increase, as refineries in some southern states were forced to shut because of the mid-February deep freeze. An official report by the US Energy Information […]
Read moreMarch 17, 2021 10:15 am
Microsoft Corp (MSFT) said on Tuesday that glitches causing problematic access to some services, including Teams and Outlook.com, had been fixed after an update roll back. In a tweet, the tech giant had said that the access issues were associated with a “recent change to an authentication system.” Microsoft shares closed higher for the fourth […]
Read moreMarch 17, 2021 8:30 am
Deliveroo said earlier this week that it aimed to sell nearly GBP 1 billion ($1.4 billion) of new shares in its upcoming initial public offering (IPO). The British company also said that the listing would include the sale of shares by some existing shareholders as well, which could potentially push the size of the deal […]
Read moreMarch 16, 2021 10:25 am
AUD/USD was a notch weaker on Tuesday, but losses seemed to remain limited, as market players were expecting to see what the Federal Reserve’s response to the recent surge in bond yields would be, as the central bank concludes its two-day policy meeting on Wednesday. “The market is really sitting tight waiting for the Fed […]
Read moreMarch 16, 2021 8:42 am
According to a report by Reuters, citing an internal memo sent to Boeing Co’s (BA) employees, the plane maker has appointed veteran engineer Ed Clark to head its 737 MAX jetliner program. Clark, who served as chief mechanic and engineer for the company’s cash cow narrowbody program, will head Boeing’s manufacturing hub at Renton, Washington. […]
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