April 6, 2021 9:05 am
Despite being a notch weaker on Tuesday, AUD/USD was still holding ground above the 0.7600 mark, as the Reserve Bank of Australia left the official cash rate without change at a record low level of 0.10% at its policy meeting earlier in the day and noted that the Australian economy had been recovering at a […]
Read moreApril 5, 2021 9:34 am
GBP/USD started the new week on a strong foot, while hitting a fresh two-week high, supported by prospects of a faster-than-expected reopening of the British economy and a potentially robust economic growth. At the same time, the possibility of a rate cut or the introduction of negative interest rates by Bank of England has already […]
Read moreApril 5, 2021 7:32 am
Microsoft Corp (MSFT) said last week that an issue with its Microsoft 365 services and features, including Teams and Azure, had been mitigated, after many users had no access to them. An earlier report by outage tracking website Downdetector stated that more than 8,000 users had reported issues with Microsoft’s Teams workplace messaging app. “We […]
Read moreApril 2, 2021 8:57 am
Spot Gold extended gains from the previous trading day on Thursday, while rebounding from an over three-week low, as the US Dollar and US bond yields eased from recent highs. A bleak US jobless claims report also supported demand for the yellow metal. The US Dollar eased from highs not seen since early November along […]
Read moreApril 1, 2021 9:05 am
Following two straight trading days of losses, futures on US West Texas Intermediate Crude Oil rebounded on Thursday due to expectations that OPEC and its allies will likely continue oil output curbs when the group meets later in the day, as new COVID-19 cases continued to surge. Members of the Organization of the Petroleum Exporting […]
Read moreApril 1, 2021 7:25 am
Alphabet Inc’s Google said on Wednesday that it would contribute EUR 25 million to the newly established European Media and Information Fund in an attempt to combat misinformation. There was a significant surge in fake news surrounding the COVID-19 pandemic and the US presidential election last year, while the social media faced some major criticism […]
Read moreMarch 31, 2021 9:15 am
Spotify Inc on Tuesday announced the acquisition of Betty Labs, the creator of sports-focused social audio app Locker Room, in an attempt to speed up its move into live audio. The cost of the acquisition, however, remained undisclosed. The company said that it intended to “evolve and expand” Locker Room during the upcoming months to […]
Read moreMarch 31, 2021 7:38 am
Southwest Airlines Co (LUV) said earlier this week that it had ordered 100 737 MAX aircraft from Boeing Co and would take delivery of the first 30 planes in 2022. Every 737 MAX 7 jet costs about $100 million at list prices, but these planes usually sell for less than 50% of their official price […]
Read moreMarch 30, 2021 9:00 am
AUD/USD traded a notch higher on Tuesday, as investor risk sentiment seemed to have recovered in Asia and Europe after US shares trimmed losses triggered by a hedge fund default. The Australian currency also largely ignored a drop in prices of iron ore and crude oil on Tuesday, with shipping traffic through the Suez Canal […]
Read moreMarch 29, 2021 9:17 am
GBP/USD managed to extend gains from late last week on Monday, while regaining the area just above 1.3800, supported by diminishing concerns over Britain’s COVID-19 vaccine supply from the European Union. The UK seems to be on track to accelerate its vaccine roll-out during the upcoming months after the EU stopped short of imposing a […]
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