May 4, 2021 8:42 am
AUD/USD retreated on Tuesday, while staying within a relatively narrow range, after the Reserve Bank of Australia kept policy settings without change and reiterated that monetary conditions would remain accommodative until at least 2024. Still, the central bank raised its forecasts for Australia’s economy. The official cash rate was kept intact at a record low […]
Read moreMay 3, 2021 9:14 am
GBP/USD bounced from a two-week low at the start of a week heavy on major macroeconomic data and central bank meetings. Trade volumes were lighter due to holidays in Japan, China and the UK, while market volatility – subdued. The Bank of England is scheduled to hold a policy meeting on Thursday, with asset purchases […]
Read moreApril 30, 2021 9:10 am
Spot Gold was a notch weaker on Friday and looked set to register its first weekly loss in the past four weeks, as robust US macro data drove bond yields higher, increasing the opportunity cost of holding Gold which generates no interest. Still, the commodity was on track to post its first monthly gain this […]
Read moreApril 29, 2021 8:27 am
Futures on US West Texas Intermediate Crude Oil rose for a third straight trading day on Thursday, as upbeat oil demand forecasts overshadowed concerns stemming from COVID-19 resurgence in some parts of the world, including India and Brazil. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, revised up their oil demand […]
Read moreApril 28, 2021 9:31 am
United Parcel Service Inc’s (UPS) quarterly revenue, reported on Tuesday, surged past Wall Street estimates, as the package delivery company experienced a boom in online purchases amid the coronavirus pandemic. UPS’ total revenue went up 27% year-on-year to $22.9 billion during the latest fiscal quarter, while outstripping a consensus of analyst estimates pointing to revenue […]
Read moreApril 28, 2021 7:31 am
Tesla Inc (TSLA) intends to add facilities at its plant in Shanghai with which to repair and reproduce essential components such as electric motors and battery cells, according to a document submitted by the company to local authorities. The auto maker also intends to add manufacturing capacities for car structures and electric motor controllers, the […]
Read moreApril 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 […]
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